NOT LISTED FOR SALE

540 SE Kay Place Unit 542 Gresham, OR 97080

Historic Southeast Neighborhood

Estimated Value: $479,883 - $535,000

5 Beds
2 Baths
2,048 Sq Ft
$249/Sq Ft Est. Value

Last Sold December 04, 2019

Last sale price $367,500 $179 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,076/month

39 Days on Market

Highlights

  • 2 Car Detached Garage
  • Baseboard Heating
  • Wood Siding
  • Cul-De-Sac
  • Level Lot

About This Home

As of December 2019

OPEN SAT, NOV 9TH, 1-3PM BOM, buyers could not close. Great opportunity for investors or owner occupied buyers, who want to live on one side and reap the benefits of renting the other side out. One unit is 3 bedrooms and 1 bath and the other unit is 2 bedrooms and 1 bath. There is a 2 car garage and both units have a fenced yard. This is a no brainer!

Last Listed By

Jean Adcock

RE/MAX Advantage Group License #950100057 Listed on: 09/30/2019

RE/MAX Advantage Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,477

Year Built

  • Built in 1973

Lot Details

  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,048 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • East Gresham Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R195199

Community Details

Overview

  • 2 Units
  • Downtown Gresham Subdivision

Building Details

  • Operating Expense $5,371
  • Gross Income $13,200
  • Net Operating Income $11,904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,477

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1973
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Cul_de_sac, Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: East Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: LDR
  • Parcel #: R195199

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 3476.6

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 27.65
  • Annual Gross Income: 13200.0
  • Property Net Operating Income: 11904.0
  • Annual Operating Expense: 5371.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2019
Closed on
Dec 5, 2019
Sold by
Kraemer Michael
Bought by
Griffin Cory P and Pierce Griffin Jennifer L
Seller's Agent
Jean Adcock
RE/MAX Advantage Group
Buyer's Agent
Matt Williams
MORE Realty
List Price
$365,000
Sold Price
$367,500
Premium/Discount to List
$2,500
0.68%
Total Days on Market
39
Current Estimated Value
$509,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,471
Avg. Annual Appreciation
6.01%
Original Mortgage
$275,625
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2015
Sold by
Kraemer Virginia A
Bought by
Kraemer Steven Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2001
Sold by
Hockley Clifford A
Bought by
Kraemer Steven L and Kraemer Virginia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 1998
Sold by
Yuen Ka Keung
Bought by
Hockley Clifford A and Hockley Julie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

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
Griffin Cory P $367,500 Lawyers
Kraemer Steven Lawrence -- Fidelity Natl Title Co Of Or
Kraemer Steven L $165,000 Ticor Title
Hockley Clifford A $138,700 Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin Cory P $302,250
Closed Griffin Cory P $275,625
Previous Owner Kraemer Steven Lawrence $137,000
Previous Owner Kraemer Steven L $117,500
Previous Owner Kraemer Steven L $123,750
Previous Owner Hockley Clifford A $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2019 12/04/19 Sold $367,500 +0.7% $179 / Sq Ft
11/08/2019 11/08/19 Pending -- -- --
11/05/2019 11/05/19 For Sale $365,000 0.0% $178 / Sq Ft
10/03/2019 10/03/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $365,000 -- $178 / 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 $4,438 $235,690 $0 $0
2022 $4,313 $228,830 $0 $0
2021 $4,205 $222,170 $0 $0
2020 $3,956 $215,700 $0 $0
2019 $3,853 $209,420 $0 $0
2018 $3,477 $192,420 $0 $0
2017 $3,336 $186,820 $0 $0
2016 $2,941 $181,380 $0 $0
2015 $2,877 $176,100 $0 $0
2014 $2,671 $167,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jean Adcock

    Seller's Agent in 2019

    Jean Adcock

    RE/MAX

    (503) 810-3235

    68 Total Sales

    Jean Adcock
    Section Image
  • Matt Williams

    Buyer's Agent in 2019

    Matt Williams

    MORE Realty

    (503) 516-5823

    9 Total Sales

    Matt Williams
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19226253

Regional Multiple Listing Service (RMLS)

APN: R195199

Oregon Multnomah County Gresham 97080 Historic Southeast

540 SE Kay Place Unit 542, Gresham, OR

Homes for Sale in Gresham, OR

This home is located at 540 SE Kay Place Unit 542, Gresham, OR 97080 since 30 September 2019 and is currently estimated at $509,971, approximately $249 per square foot. This property was built in 1973. 540 SE Kay Place Unit 542 is a home located in Multnomah County with nearby schools including East Gresham Elementary School, Dexter McCarty Middle School, and Gresham High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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