NOT LISTED FOR SALE

510 SE 208th Ave Unit 512 Gresham, OR 97030

North Central Neighborhood

Estimated Value: $439,000 - $497,000

4 Beds
2 Baths
2,072 Sq Ft
$224/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $414,710 $200 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,861/month

4 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Baseboard Heating
  • Cooling System Mounted In Outer Wall Opening
  • Property is near a bus stop

About This Home

As of July 2023

Opportunity knocks. Rents are going up all over. Neat and tidy duplex in popular area. Spacious 2 bedroom units with fireplace and open floorplan. Laundry with washer and dryer. Roof is just a couple of years old. With a little TLC these will be money makers.

Last Agent to Sell the Property

Stephen Weber

John L. Scott Portland Central License #850200014 Listed on: 06/05/2023

John L. Scott Portland Central

Last Buyer's Agent

Xiangyu Wang

Oregon First License #201211432

Oregon First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,236

Year Built

  • Built in 1970

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Carport

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,072 Sq Ft Home
  • Storage

Location

  • Property is near a bus stop

Schools

  • North Gresham Elementary School
  • Clear Creek Middle School
  • Gresham High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R207643

Community Details

Overview

  • 2 Units
  • North Gresham Subdivision

Building Details

  • Operating Expense $4,600
  • Gross Income $33,600
  • Net Operating Income $22,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,236

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1970
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: North Gresham
  • High School: Gresham
  • Middle Or Junior School: Clear Creek

Lot Info

  • Zoning: TLDR
  • Parcel #: R207643

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4236.39

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.88
  • Annual Gross Income: 33600.0
  • Property Net Operating Income: 22000.0
  • Annual Operating Expense: 4600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2023
Closed on
Jul 7, 2023
Sold by
Hashemian Flora S
Bought by
Hashemian Mostaffa
Seller's Agent
Stephen Weber
John L. Scott Portland Central
Buyer's Agent
Xiangyu Wang
Oregon First
List Price
$399,000
Sold Price
$414,710
Premium/Discount to List
$15,710
3.94%
Views
41
Current Estimated Value
$464,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,956
Avg. Annual Appreciation
5.07%
Original Mortgage
$244,750
Outstanding Balance
$238,426
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$226,240

Purchase Details

Listed on
Jun 5, 2023
Closed on
Jun 13, 2023
Sold by
Hashemian Mostaffa
Bought by
Zhang Chang and Liu Yi
Seller's Agent
Stephen Weber
John L. Scott Portland Central
Buyer's Agent
Xiangyu Wang
Oregon First
List Price
$399,000
Sold Price
$414,710
Premium/Discount to List
$15,710
3.94%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,750
Outstanding Balance
$238,426
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$226,240

Purchase Details

Closed on
Mar 2, 1999
Sold by
Ray Bruce M
Bought by
Hashemian Mostaffa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hashemian Mostaffa -- First American Title
Zhang Chang $414,710 First American Title
Hashemian Mostaffa $153,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Chang $244,750
Previous Owner Hashemian Mostaffa $122,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2023 07/14/23 Sold $414,710 +3.9% $200 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $399,000 -- $193 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,997 $245,570 -- --
2024 $4,784 $238,420 -- --
2023 $4,784 $231,480 $0 $0
2022 $4,236 $224,740 $0 $0
2021 $4,130 $218,200 $0 $0
2020 $3,886 $211,850 $0 $0
2019 $3,784 $205,680 $0 $0
2018 $3,608 $199,690 $0 $0
2017 $3,462 $193,880 $0 $0
2016 $3,052 $188,240 $0 $0
2015 $2,986 $182,760 $0 $0
2014 $2,843 $177,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Weber

    Seller's Agent in 2023

    Stephen Weber

    John L. Scott Portland Central

    (503) 891-4663

    1 in this area

    13 Total Sales

    Stephen Weber
    Section Image
  • Xiangyu Wang

    Buyer's Agent in 2023

    Xiangyu Wang

    Oregon First

    (971) 570-7744

    1 in this area

    6 Total Sales

    Xiangyu Wang
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23238681

Regional Multiple Listing Service (RMLS)

APN: R207643

Oregon Multnomah County Gresham 97030 North Central

510 SE 208th Ave Unit 512, Gresham, OR

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