NOT LISTED FOR SALE

Estimated Value: $882,000 - $942,593

4 Beds
3 Baths
4,490 Sq Ft
$202/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $880,000 $196 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,687/month

106 Days on Market

Highlights

  • Mini Split Air Conditioners
  • 90% Forced Air Heating and Cooling System
  • Level Lot
  • Glencoe Elementary School Rated A-
  • Laundry Facilities

About This Home

As of August 2024

Gorgeous mid-century brick Quad-Plex! This 1951 bricker oozes with character including hardwood floors, arched entries, coved ceilings, wood-burning fireplaces and bright oversized windows. The grand main-level unit is a very generous 2-Bedroom with spacious kitchen and massive rooms, updated high-eff furnace & A/C. The top floor 1-Bedroom is 862sf and features an open floorplan throughout DR/LR/Kitchen. Includes oak hardwoods, mini split with A/C and insulation upgrades. The lower level was built out between 2019-2021 and features sleek, refined finishes mixed with large windows and lots of light. The lower level includes a 2-Bedroom unit with fireplace, polished concrete floors and custom tile. The lower level 1-Bedroom unit lives large with double closets and open floorplan. Soundproofing added to lower level ceiling & walls for privacy. Amenities for all units include; shared back patio, (2) shared Washer/Dryer units, (4) bike lockers, (3) electric car charging stations and a dedicated off-street parking spot per unit. Don't miss out on this great investment opportunity in the coveted Mount Tabor neighborhood! See private remarks - 4Plex with 1.1M potential!

Last Agent to Sell the Property

Theresa deSousa + Brian Spear

Opt License #200312221 Listed on: 02/29/2024

Opt

Co-Listed By

Brian Porter

Opt License #200305174

Last Buyer's Agent

Natalie Strom

Like Kind Realty License #201217486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,759

Year Built

  • Built in 1951

Lot Details

  • 4,791 Sq Ft Lot
  • Lot Dimensions are 55 x 88
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,490 Sq Ft Home
  • 3-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Apartment Living Space in Basement

Parking

  • 4 Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Schools

  • Glencoe Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • Mini Split Air Conditioners
  • 90% Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Mini Split Heat Pump
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R233370

Community Details

Overview

  • 4 Units
  • Mt Tabor Subdivision

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $23,372
  • Gross Income $88,451
  • Net Operating Income $65,079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,759

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1951
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, FullBasement, SeparateLivingQuartersApartmentAuxLivingUnit
  • Storage: IndividualStorageUnits,Locked
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, OffStreet
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas
  • Cooling: CentralAir, MiniSplit
  • Cooling Y N: Yes
  • Heating: ForcedAir90, MiniSplit, Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons, Laundry

Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.11
  • Lot Size: 55 x 88
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R233370

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 8759.14

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 9.89
  • Annual Gross Income: 88451.0
  • Property Net Operating Income: 65079.0
  • Annual Operating Expense: 23372.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2024
Sold by
Needier Seth and Frager Ariel
Bought by
Little Wave Llc
Current Estimated Value
$906,148

Purchase Details

Listed on
Feb 29, 2024
Closed on
Aug 7, 2024
Sold by
Chen Joan C and Revocabl Mark
Bought by
Frager Ariel M and Needier Seth R
Seller's Agent
Theresa deSousa + Brian Spear
Opt
Buyer's Agent
Natalie Strom
Like Kind Realty
List Price
$875,000
Sold Price
$880,000
Premium/Discount to List
$5,000
0.57%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.80%
Original Mortgage
$603,000
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2022
Sold by
Omark Sherwood
Bought by
Joan C Chen And Mark A Sherwood Revocable Tru and Sherwoo Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2021
Sold by
Sherwood Mark A and Chen Joan C
Bought by
Chen Joan C and Revcoable Mark

Purchase Details

Listed on
Apr 22, 2017
Closed on
Aug 21, 2017
Sold by
Sherwood Mark
Bought by
Sherwood Mark and Chen Joan
Seller's Agent
David DeFauw
Oregon First
Buyer's Agent
Gary Had
Gary Had Real Estate, Inc
List Price
$700,000
Sold Price
$665,000
Premium/Discount to List
-$35,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%
Original Mortgage
$399,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2017
Closed on
Jun 7, 2017
Sold by
Barry Griffin Dawn J
Bought by
Advantage Equities 10771 Llc
Seller's Agent
David DeFauw
Oregon First
Buyer's Agent
Gary Had
Gary Had Real Estate, Inc
List Price
$700,000
Sold Price
$665,000
Premium/Discount to List
-$35,000
-5%

Purchase Details

Closed on
Jul 12, 1999
Sold by
Reed Rodney
Bought by
Griffin Dominic B and Barry Griffin Dawn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,700
Interest Rate
7.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 1999
Sold by
Lolich Ron
Bought by
Reed Rodney
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
Little Wave Llc -- None Listed On Document
Frager Ariel M $880,000 First American Title
Joan C Chen And Mark A Sherwood Revocable Tru $91,000 First American Title
Chen Joan C -- None Available
Sherwood Mark -- Lawyers Title
Advantage Equities 10771 Llc $665,000 Wfg Title
Griffin Dominic B $161,900 Pacific Nw Title
Reed Rodney $70,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frager Ariel M $603,000
Previous Owner Joan C Chen And Mark A Sherwood Revocable Tru $324,000
Previous Owner Sherwood Mark $399,000
Previous Owner Griffin Dominic B $203,000
Previous Owner Griffin Dominic B $145,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $880,000 +0.6% $196 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $875,000 -2.7% $195 / Sq Ft
04/04/2024 04/04/24 For Sale $899,000 +2.2% $200 / Sq Ft
04/04/2024 04/04/24 Off Market $880,000 -- --
03/29/2024 03/29/24 Price Changed $899,000 -5.4% $200 / Sq Ft
03/28/2024 03/28/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $950,000 +42.9% $212 / Sq Ft
06/22/2017 06/22/17 Sold $665,000 -5.0% $150 / Sq Ft
05/16/2017 05/16/17 Pending -- -- --
04/22/2017 04/22/17 For Sale $700,000 -- $157 / 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 $9,109 $340,460 -- --
2023 $9,109 $330,550 $0 $0
2022 $8,570 $320,930 $0 $0
2021 $8,425 $311,590 $0 $0
2020 $7,728 $302,520 $0 $0
2019 $7,444 $293,710 $0 $0
2018 $7,225 $285,160 $0 $0
2017 $6,925 $276,860 $0 $0
2016 $6,338 $268,800 $0 $0
2015 $6,171 $260,980 $0 $0
2014 $6,078 $253,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24555307

Regional Multiple Listing Service (RMLS)

APN: R233370