NOT LISTED FOR SALE

548 NE Tillamook St Unit 550 Portland, OR 97212

Estimated Value: $564,333 - $605,000

2 Beds
2 Baths
1,672 Sq Ft
$353/Sq Ft Est. Value

Last Sold February 09, 2018

Last sale price $513,000 $307 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,492/month

55 Days on Market

About This Home

As of February 2018

Very high demand rental area. Ideal location just blocks to popular Broadway shops and restaurants and very short commute to downtown. 99 BikeScore and 85 WalkScore. Recent upgrades to both units include newer flooring, appliances, counter-tops, bath fixtures etc. Plenty of parking. Priced to sell.Upper unit leased at $1600. Lower unit previously rented at $1500. (net income & cap rate based on 2016 income & expenses)

Last Agent to Sell the Property

Carl Iiams

Premiere Property Group, LLC License #970400138 Listed on: 11/16/2017

Premiere Property Group, LLC

Co-Listed By

Daniel Canfield

Premiere Property Group, LLC License #200210001

Last Buyer's Agent

Linda Skeele

Windermere Realty Trust License #200001132

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,044

Year Built

  • Built in 1981

Lot Details

  • 4,138

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1,672 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R101791

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,200
  • Gross Income $34,740
  • Net Operating Income $28,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,044

Year Built

Built in 1981

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1981
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Other,T111Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Zoning: R2
  • Parcel #: R101791

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.82
  • Annual Gross Income: 34740.0
  • Property Net Operating Income: 28540.0
  • Annual Operating Expense: 6200.0

Tax Info

  • Tax Annual Amount: 3044.33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2017
Closed on
Feb 7, 2018
Sold by
Otika Ayollo David
Bought by
Baudoin Alexandre and Callan Michelle
Seller's Agent
Carl Iiams
Premiere Property Group, LLC
Buyer's Agent
Linda Skeele
Windermere Realty Trust
List Price
$525,000
Sold Price
$513,000
Premium/Discount to List
-$12,000
-2.29%
Current Estimated Value
$589,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,833
Avg. Annual Appreciation
1.91%
Original Mortgage
$338,000
Outstanding Balance
$286,913
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$306,030

Purchase Details

Closed on
Mar 15, 2005
Sold by
Scaife Margaret
Bought by
Otika Ayollo David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 1997
Sold by
Scaife Margaret R
Bought by
Loucks Howard M and Scaife Margaret R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,250
Interest Rate
8.13%
Mortgage Type
Purchase Money Mortgage
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
Baudoin Alexandre $513,000 Fidelity Natl Title Of Orege
Otika Ayollo David $240,000 Fidelity Natl Title Co Of Or
Loucks Howard M -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baudoin Alexandre $338,000
Previous Owner Otika Ayollo David $192,000
Previous Owner Loucks Howard M $107,250
Closed Otika Ayollo David $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2018 02/09/18 Sold $513,000 -2.3% $307 / Sq Ft
01/10/2018 01/10/18 Pending -- -- --
11/16/2017 11/16/17 For Sale $525,000 -- $314 / 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 $4,375 $163,510 -- --
2023 $4,207 $158,750 $0 $0
2022 $4,116 $154,130 $0 $0
2021 $4,046 $149,650 $0 $0
2020 $3,712 $145,300 $0 $0
2019 $3,576 $141,070 $0 $0
2018 $3,471 $136,970 $0 $0
2017 $3,326 $132,990 $0 $0
2016 $3,044 $129,120 $0 $0
2015 $2,964 $125,360 $0 $0
2014 $2,920 $121,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carl Iiams

    Seller's Agent in 2018

    Carl Iiams

    Premiere Property Group, LLC

    (503) 709-0900

    31 Total Sales

    Carl Iiams
    Section Image
  • Daniel Canfield

    Seller Co-Listing Agent in 2018

    Daniel Canfield

    Premiere Property Group, LLC

    (503) 473-6741

    40 Total Sales

    Daniel Canfield
    Section Image
  • Linda Skeele

    Buyer's Agent in 2018

    Linda Skeele

    Windermere Realty Trust

    (503) 539-1114

    208 Total Sales

    Linda Skeele
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17072213

Regional Multiple Listing Service (RMLS)

APN: R101791

Oregon Multnomah County Portland 97212

548 NE Tillamook St Unit 550, Portland, OR

This home is located at 548 NE Tillamook St Unit 550, Portland, OR 97212 since 16 November 2017 and is currently estimated at $589,833, approximately $352 per square foot. This property was built in 1981. 548 NE Tillamook St Unit 550 is a home located in Multnomah County with nearby schools including Irvington Elementary School, Harriet Tubman Middle School, and Jefferson High School.

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