NOT LISTED FOR SALE

5610 N Greeley Ave Portland, OR 97217

Overlook Neighborhood

Estimated Value: $806,000 - $1,220,000

1 Bed
4 Baths
3,880 Sq Ft
$244/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $1,110,000 $286 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $5,971/month

127 Days on Market

Highlights

  • Newly Remodeled
  • Controlled Entrance
  • Wall Furnace
  • Beach Elementary School Rated A-

About This Home

As of November 2016

Great multi-family opportunity in Overlook Neighborhood. Just 1/2 block to Transit and 1/4 mile from the Adidas Campus. High quality new construction 4 plex by local builder with modern finishes throughout. 5.36% Cap Rate.

Last Agent to Sell the Property

Nick Krautter

City and State Real Estate License #200601292 Listed on: 05/27/2016

Co-Listed By

Benjamin Droukas

Windermere Realty Trust License #200401007

Last Buyer's Agent

Ginger Budrius-Swanson

Windermere CRG License #950400213

Windermere CRG

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,169

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 5,009

Parking

  • Controlled Entrance

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 3,880 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Beach Elementary School
  • Ockley Green Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R306731

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $21,030
  • Gross Income $82,650
  • Net Operating Income $61,621

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,169

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2016
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • High School2: Roosevelt

Exterior Features

  • Exterior Description: CementSiding
  • View: No
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

  • Parking Description: None
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Beach
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: R1
  • Parcel #: R306731

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.91
  • Annual Gross Income: 82650.0
  • Property Net Operating Income: 61621.0
  • Annual Operating Expense: 21030.0

Tax Info

  • Tax Annual Amount: 2169.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2016
Closed on
Nov 29, 2016
Sold by
Oregon Homeworks Llc
Bought by
Bingener Eric E
Seller's Agent
Nick Krautter
City and State Real Estate
Buyer's Agent
Ginger Budrius-Swanson
Windermere CRG
List Price
$1,200,000
Sold Price
$1,110,000
Premium/Discount to List
-$90,000
-7.5%
Current Estimated Value
$947,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$163,000
Avg. Annual Appreciation
-1.70%
Original Mortgage
$400,000
Outstanding Balance
$327,221
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$627,446

Purchase Details

Closed on
Oct 13, 2015
Sold by
Collins Neal
Bought by
Oregon Homeworks Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 12, 2015
Sold by
Bee Susan
Bought by
Collins Neal Collins and Collins Alissor Neal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,132
Interest Rate
3.81%
Mortgage Type
New Conventional
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
Bingener Eric E $1,110,000 First American
Oregon Homeworks Llc $250,000 First American
Collins Neal Collins $145,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bingener Eric E $400,000
Previous Owner Oregon Homeworks Llc $68,150
Previous Owner Oregon Homeworks Llc $696,090
Previous Owner Collins Neal $60,000
Previous Owner Oregon Homeworks Llc $275,000
Previous Owner Collins Neal Collins $135,132
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2016 11/30/16 Sold $1,110,000 -7.5% $286 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $1,200,000 -- $309 / 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 $11,644 $435,220 -- --
2023 $11,197 $422,550 $0 $0
2022 $10,955 $410,250 $0 $0
2021 $10,769 $398,310 $0 $0
2020 $9,879 $386,710 $0 $0
2019 $9,516 $375,450 $0 $0
2018 $9,236 $364,520 $0 $0
2017 $8,852 $95,960 $0 $0
2016 $2,197 $93,170 $0 $0
2015 $2,139 $90,460 $0 $0
2014 $2,107 $87,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Nick Krautter

    City and State Real Estate

    Section Image
  • Benjamin Droukas

    Seller Co-Listing Agent in 2016

    Benjamin Droukas

    Windermere Realty Trust

    (503) 522-4645

    107 Total Sales

    Benjamin Droukas
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16542134

Regional Multiple Listing Service (RMLS)

APN: R306731

Oregon Multnomah County Portland 97217 Overlook

5610 N Greeley Ave, Portland, OR

This home is located at 5610 N Greeley Ave, Portland, OR 97217 since 27 May 2016 and is currently estimated at $947,000, approximately $244 per square foot. This property was built in 2016. 5610 N Greeley Ave is a home located in Multnomah County with nearby schools including Beach Elementary School, Ockley Green, and Jefferson High School.

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