NOT LISTED FOR SALE

5306 Rinearson Rd Gladstone, OR 97027

Estimated Value: $774,900 - $842,000

4 Beds
4 Baths
3,820 Sq Ft
$212/Sq Ft Est. Value

Last Sold February 13, 2019

Last sale price $558,500 $146 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,904/month

88 Days on Market

Highlights

  • View of Trees or Woods
  • 6 Car Detached Garage
  • Wood Siding
  • Secluded Lot
  • Landscaped with Trees
  • Heat Pump System

About This Home

As of February 2019

Beautifully remodeled duplex w/ separate entrances and 2 car garage. Experience pride of ownership and tasteful craftsmanship with arched doorways, hardwoods, new carpet, new roof, built-in cedar sauna, granite counters, stainless appliances. Make this light-filled and peaceful property the crown jewel to your investment portfolio or offset your mortgage with additional rental income in a stunning home.

Last Agent to Sell the Property

Benjamin Droukas

Windermere Realty Trust License #200401007 Listed on: 10/22/2018

Windermere Realty Trust

Co-Listed By

Bennet Van der Genugten

Keller Williams PDX Central License #201217502

Last Buyer's Agent

Ben Andrews

MORE Realty License #200302052

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,632

Year Built

  • Built in 1933 | Remodeled

Lot Details

  • Secluded Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • 6 Car Detached Garage

Property Views

  • Woods
  • Territorial

Home Design

  • Wood Siding
  • Lap Siding

Interior Spaces

  • 3,820 Sq Ft Home
  • 3-Story Property
  • Finished Basement

Schools

  • Candy Lane Elementary School
  • Gladstone High School

Utilities

  • No Cooling
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 00528432

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,569
  • Gross Income $43,129
  • Net Operating Income $33,697

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,632

Year Built

Built in 1933 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1933
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Storage: Basement,Garage
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • View: Yes
  • Lot Features: Level, Secluded, Trees
  • View: Territorial,TreesWoods

Garage/Parking

  • Parking Description: Detached
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Candy Lane
  • High School: Gladstone

Lot Info

  • Zoning: MR
  • Parcel #: 00528432

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 4632.29

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.22
  • Annual Gross Income: 43129.0
  • Property Net Operating Income: 33697.0
  • Annual Operating Expense: 8569.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Feb 7, 2019
Sold by
2019 Mh Waco Llc
Bought by
Martinez Michael and Martinez Annamarie
Seller's Agent
Benjamin Droukas
Windermere Realty Trust
Buyer's Agent
Ben Andrews
MORE Realty
List Price
$630,000
Sold Price
$558,500
Premium/Discount to List
-$71,500
-11.35%
Current Estimated Value
$809,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,475
Avg. Annual Appreciation
5.79%
Original Mortgage
$418,875
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2018
Closed on
Jan 11, 2019
Sold by
Hopman Molly and Molly Hopman Trust
Bought by
2019 Mh Waco Llc
Seller's Agent
Benjamin Droukas
Windermere Realty Trust
Buyer's Agent
Ben Andrews
MORE Realty
List Price
$630,000
Sold Price
$558,500
Premium/Discount to List
-$71,500
-11.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,875
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 28, 2017
Closed on
Sep 15, 2017
Sold by
Grogorov Irina Z
Bought by
Hopman Molyy and The Molly Hopman Trust
Seller's Agent
Eduard Anishchenko
Better Homes & Gardens Realty
Buyer's Agent
Benjamin Droukas
Windermere Realty Trust
List Price
$549,000
Sold Price
$510,000
Premium/Discount to List
-$39,000
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%

Purchase Details

Closed on
Feb 24, 2010
Sold by
Began Fedora and Began Yaroslav
Bought by
Grigorov Irina Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,826
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 2003
Sold by
Began Fedora and Began Valentin
Bought by
Began Yaroslav and Began Fedora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
5.13%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Martinez Michael $558,500 Lawyers Title
2019 Mh Waco Llc -- First American Title
Hopman Molyy $510,000 Wfg
Grigorov Irina Z $120,000 Lawyers Title Insurance Corp
Began Yaroslav -- Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Michael $380,000
Closed Martinez Michael $418,875
Closed 2019 Mh Waco Llc $250,000
Previous Owner Grigorov Irina $100,000
Previous Owner Grigorov Irina Z $117,826
Previous Owner Began Yaroslav $134,000
Closed Began Yaroslav $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2019 02/13/19 Sold $558,500 -11.3% $146 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
10/22/2018 10/22/18 For Sale $630,000 +23.5% $165 / Sq Ft
09/15/2017 09/15/17 Sold $510,000 -7.1% $134 / Sq Ft
09/06/2017 09/06/17 Pending -- -- --
07/28/2017 07/28/17 For Sale $549,000 -- $144 / 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
2023 $7,266 $412,196 $0 $0
2022 $6,878 $400,191 $0 $0
2021 $6,598 $388,535 $0 $0
2020 $6,406 $377,219 $0 $0
2019 $6,267 $366,233 $0 $0
2018 $4,632 $276,720 $0 $0
2017 $4,509 $268,660 $0 $0
2016 $4,410 $260,835 $0 $0
2015 $4,294 $253,238 $0 $0
2014 $4,099 $245,862 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Droukas

    Seller's Agent in 2019

    Benjamin Droukas

    Windermere Realty Trust

    (503) 522-4645

    112 Total Sales

    Benjamin Droukas
    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Bennet Van der Genugten

    Keller Williams PDX Central

  • Ben Andrews

    Buyer's Agent in 2019

    Ben Andrews

    MORE Realty

    (503) 290-4191

    1 in this area

    252 Total Sales

    Ben Andrews
    Section Image

  • E

    Seller's Agent in 2017

    Eduard Anishchenko

    Better Homes & Gardens Realty

    (503) 888-1504

    143 Total Sales

    Eduard Anishchenko
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18612065

Regional Multiple Listing Service (RMLS)

APN: 00528432

Oregon Clackamas County Gladstone 97027

5306 Rinearson Rd, Gladstone, OR

This home is located at 5306 Rinearson Rd, Gladstone, OR 97027 since 22 October 2018 and is currently estimated at $809,975, approximately $212 per square foot. This property was built in 1933. 5306 Rinearson Rd is a home located in Clackamas County with nearby schools including Jennings Lodge Elementary School, Candy Lane Elementary School, and Gardiner Middle School.

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