$620,000
SOLD JUL 25, 2025

520 1st St Gladstone, OR 97027

4 Beds
4 Baths
2,628 Sq Ft
1999 Built

Recently Sold

$236 Per Sq Ft

3 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • 2-minute walk to Cross Park
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of July 2025

Fantastic Gladstone location. 2 bedroom units, bonus room for office or? Laminate flooring, carpet, fenced yard. Patio. Attached garages. Gas heat and gas fireplaces. Easy acess to Freeway and McLaughlin, Clackamas and Willamette river parks nearby. Bus lines and shopping also nearby. Ranges and fridges included. New tear off roof-May 2025

Last Agent to Sell the Property

Joel Bohrer

Bohrer Realty Brokerage Email: bohrerrealty@gmail.com License #800400298 Listed on: 06/15/2025

Last Buyer's Agent

Kelly White

Premiere Property Group, LLC License #201212488

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,637

Year Built

  • Built in 1999

Lot Details

  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,628 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Schools

  • John Wetten Elementary School
  • Kraxberger Middle School
  • Gladstone High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00543834

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $10,194
  • Gross Income $53,280
  • Net Operating Income $43,086

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,637

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1999
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 4
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: owner
  • Association: No

Schools

  • Elementary School: John Wetten
  • High School: Gladstone
  • Middle Or Junior School: Kraxberger

Lot Info

  • Zoning: res
  • Parcel #: 00543834

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7636.76

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.64
  • Annual Gross Income: 53280.0
  • Property Net Operating Income: 43086.0
  • Annual Operating Expense: 10194.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2025
Closed on
Jul 24, 2025
Sold by
Sturgis At First Llc
Bought by
Hammond Tina L and Hammond Mark E
Seller's Agent
Joel Bohrer
Bohrer Realty
Buyer's Agent
Kelly White
Premiere Property Group, LLC
List Price
$620,000
Sold Price
$620,000
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.96%
Original Mortgage
$332,000
Outstanding Balance
$332,000
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$348,192

Purchase Details

Closed on
Jul 6, 2024
Sold by
Sturgis Living Trust and Sturgis Jeffrey R
Bought by
Sturgis At First Llc

Purchase Details

Closed on
Sep 20, 2004
Sold by
Bates Charles R and Bates Kathryn E
Bought by
Sturgis Richard N and Sturgis Frances C

Purchase Details

Closed on
May 14, 1999
Sold by
Austin Robert G
Bought by
Bates Charles R and Bates Kathryn E
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 Type Sale Price Title Company
Warranty Deed $620,000 First American Title
Special Warranty Deed -- None Listed On Document
Warranty Deed $257,500 Transnation Title Agency Or
Warranty Deed $253,627 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $332,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Sold $620,000 0.0% $236 / Sq Ft
06/18/2025 06/18/25 Pending -- -- --
06/15/2025 06/15/25 For Sale $620,000 -- $236 / 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
2024 $7,637 $378,479 -- --
2023 $7,637 $367,456 $0 $0
2022 $7,102 $356,754 $0 $0
2021 $6,841 $346,364 $0 $0
2020 $6,678 $336,276 $0 $0
2019 $6,601 $326,482 $0 $0
2018 $6,361 $316,973 $0 $0
2017 $6,170 $307,741 $0 $0
2016 $5,967 $298,778 $0 $0
2015 $5,770 $290,076 $0 $0
2014 $5,615 $281,627 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 125474044

Regional Multiple Listing Service (RMLS)

APN: 00543834