NOT LISTED FOR SALE

554 NE 200th Place Portland, OR 97230

North Gresham Neighborhood

Estimated Value: $399,000 - $445,000

3 Beds
2 Baths
1,762 Sq Ft
$238/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $311,000 $177 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,572/month

52 Days on Market

Highlights

  • Washer and Dryer
  • Level Lot
  • 1-Story Property

About This Home

As of March 2020

Incredible opportunity to own a duplex on a quiet street with upside in rents. These units each boast a private yard, in unit washer/dryer and more. One unit was fully updated within the last year. Great income producing property.

Last Agent to Sell the Property

Sean Robbins

eXp Realty LLC License #201206043 Listed on: 10/30/2019

eXp Realty LLC

Last Buyer's Agent

Jordan Matin

Matin Real Estate License #200707018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,085

Year Built

  • Built in 1951

Lot Details

  • 5,881

Parking

  • Off-Site Parking

Home Design

  • Cedar

Interior Spaces

  • 1-Story Property
  • Window Treatments
  • Crawl Space
  • Range
  • Washer and Dryer

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,085

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1762
  • Stories: 1
  • Year Built: 1951
  • Property Condition: Approximately
  • Remarks Public: Incredible opportunity to own a duplex on a quiet street with upside in rents. These units each boast a private yard, in unit washer/dryer and more. One unit was fully updated within the last year. Great income producing property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: REED'S PLACE, LOT 4
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Cedar
  • Lot Size: 0K to 2,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Off Site

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer, Window Coverings

Schools

  • Elementary School: Salish Ponds
  • Middle School: Reynolds
  • High School: Reynolds

Lot Info

  • Lot Description: Level
  • Zoning: LDR-5

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 2539.27
  • Assessor Parcel Number: R564857
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.99

MLS Schools

  • Elementary School: Salish Ponds
  • High School: Reynolds
  • Middle School: Reynolds

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2024
Sold by
Lambert Robert Stanley
Bought by
Nitunga Wilson K and Nitunga Verite Gateka
Current Estimated Value
$419,350

Purchase Details

Listed on
Oct 30, 2019
Closed on
Mar 2, 2020
Sold by
Equity West Lth Pool I Llc
Bought by
Lambert Robert
Seller's Agent
Sean Robbins
eXp Realty LLC
Buyer's Agent
Jordan Matin
Matin Real Estate
List Price
$309,900
Sold Price
$311,000
Premium/Discount to List
$1,100
0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$286,171
Outstanding Balance
$253,924
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$165,426

Purchase Details

Closed on
May 14, 2014
Sold by
Ewcp Lth Fund Llc
Bought by
Equity West Lth Pool I Llc

Purchase Details

Closed on
Mar 6, 2014
Sold by
Alleman Kenneth R
Bought by
Ewcp Lth Fund Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Interest Rate
4.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 2013
Sold by
Alleman Kenneth
Bought by
Ewcp Lth Fund Llc

Purchase Details

Closed on
Sep 29, 2005
Sold by
Brandt Development Corp
Bought by
Alleman Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,960
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac
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
Nitunga Wilson K -- None Listed On Document
Lambert Robert $311,000 Wfg Title
Equity West Lth Pool I Llc -- None Available
Ewcp Lth Fund Llc $151,001 Accommodation
Ewcp Lth Fund Llc -- Accommodation
Alleman Kenneth $219,950 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lambert Robert $286,171
Previous Owner Ewcp Lth Fund Llc $5,500,000
Previous Owner Alleman Kenneth $175,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2020 03/06/20 Sold $311,000 +0.4% $177 / Sq Ft
12/21/2019 12/21/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $309,900 -- $176 / 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 $4,085 $177,670 -- --
2023 $4,085 $172,500 $0 $0
2022 $2,932 $167,480 $0 $0
2021 $2,860 $162,610 $0 $0
2020 $2,676 $157,880 $0 $0
2019 $2,565 $153,290 $0 $0
2018 $2,539 $148,830 $0 $0
2017 $2,457 $144,500 $0 $0
2016 $2,351 $140,300 $0 $0
2015 $2,283 $136,220 $0 $0
2014 $2,206 $132,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sean Robbins

    Seller's Agent in 2020

    Sean Robbins

    eXp Realty LLC

    (949) 220-9251

    1 in this area

    245 Total Sales

    Sean Robbins
    Section Image
  • Jordan Matin

    Buyer's Agent in 2020

    Jordan Matin

    Matin Real Estate

    (503) 447-3599

    5 in this area

    841 Total Sales

    Jordan Matin
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19360565

Regional Multiple Listing Service (RMLS)

APN: R564857

Oregon Multnomah County Portland 97230 North Gresham

554 NE 200th Place, Portland, OR

This home is located at 554 NE 200th Place, Portland, OR 97230 since 30 October 2019 and is currently estimated at $419,350, approximately $237 per square foot. This property was built in 1951. 554 NE 200th Place is a home located in Multnomah County with nearby schools including Salish Ponds Elementary School, Reynolds Middle School, and Reynolds High School.

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