NOT LISTED FOR SALE

571 NE 18th St Unit 585 Gresham, OR 97030

North Central Neighborhood

Estimated Value: $442,000 - $504,000

6 Beds
4 Baths
2,270 Sq Ft
$214/Sq Ft Est. Value

Last Sold February 16, 2017

Last sale price $314,000 $138 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,009/month

57 Days on Market

About This Home

As of February 2017

Great Gresham investment property. This large duplex is on a semi-cul-de-sac street and offers an attached garages! This duplex offers two units. The first unit is 3 beds 1.5 baths. and the second unit offers 3 beds and 1.5 baths. This duplex is just waiting for you and your personal finishing touches. This has the opportunity to be a versatile rental and you can start earning income instantly! Come see today!

Last Agent to Sell the Property

Charles Simons lll

Maxim Properties License #201217578 Listed on: 11/15/2016

Last Buyer's Agent

Jason Maycumber

Redfin License #200302022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,446

Year Built

  • Built in 1978

Lot Details

  • 8,407

Parking

  • Attached Garage

Interior Spaces

  • 2-Story Property

Kitchen

  • Range
  • Dishwasher

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,446

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Property Category: MultiFamily
  • Stories: 2
  • Year Built: 1978
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: WY EAST, BLOCK 2, LOT 7

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Utilities Included: Electricity

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range

Lot Info

  • Zoning: LDR-5

Tax Info

  • Tax Amount: 3255.03
  • Assessor Parcel Number: R313632

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Highland
  • High School: Gresham
  • Middle School: Clear Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2023
Sold by
Zervis Christopher Michael
Bought by
Christopher M Zervis And Kristen M Zervis Rev
Current Estimated Value
$485,633

Purchase Details

Listed on
Nov 15, 2016
Closed on
Feb 8, 2017
Sold by
Hollyvale Rental Holdings Llc
Bought by
Zervis Christopher Michael and Zervis Kristen Marie
Seller's Agent
Charles Simons lll
Maxim Properties
Buyer's Agent
Jason Maycumber
Redfin
List Price
$329,900
Sold Price
$314,000
Premium/Discount to List
-$15,900
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$235,500
Interest Rate
4.2%
Mortgage Type
VA

Purchase Details

Listed on
Aug 19, 2016
Closed on
Oct 4, 2016
Sold by
Us Bank National Association
Bought by
Hollyvale Rental Holdings Llc
Seller's Agent
Kathy Graham
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$295,000
Sold Price
$242,000
Premium/Discount to List
-$53,000
-17.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
115.12%

Purchase Details

Closed on
Aug 10, 2016
Sold by
Higuera Raul
Bought by
Us Bank National Association

Purchase Details

Closed on
Feb 11, 2016
Sold by
Higuera Raul
Bought by
U S Bank National Association

Purchase Details

Closed on
Jan 16, 2016
Sold by
Higuera Raul
Bought by
Bulldog Capital Llc

Purchase Details

Closed on
Jul 25, 2007
Sold by
Mcneese John
Bought by
Higuera Raul and Higuera Yesenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.35%
Mortgage Type
Stand Alone First
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
Christopher M Zervis And Kristen M Zervis Rev -- --
Zervis Christopher Michael $314,000 Nextitle
Hollyvale Rental Holdings Llc $254,100 Servicelink
Us Bank National Association $358,453 None Available
U S Bank National Association $358,453 None Available
Bulldog Capital Llc $4,000 None Available
Higuera Raul $260,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zervis Christopher Michael $235,500
Previous Owner Higuera Raul $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2017 02/16/17 Sold $314,000 -4.8% $138 / Sq Ft
01/11/2017 01/11/17 Pending -- -- --
11/15/2016 11/15/16 For Sale $329,900 +36.3% $145 / Sq Ft
10/14/2016 10/14/16 Sold $242,000 -18.0% $107 / Sq Ft View Prior Sale
09/23/2016 09/23/16 Pending -- -- --
08/19/2016 08/19/16 For Sale $295,000 -- $130 / 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
2025 $5,446 $267,640 -- --
2024 $5,214 $259,850 -- --
2023 $4,750 $252,290 $0 $0
2022 $4,617 $244,950 $0 $0
2021 $4,501 $237,820 $0 $0
2020 $4,235 $230,900 $0 $0
2019 $4,124 $224,180 $0 $0
2018 $3,933 $217,660 $0 $0
2017 $3,773 $211,330 $0 $0
2016 $3,327 $205,180 $0 $0
2015 $3,255 $199,210 $0 $0
2014 $2,993 $187,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Charles Simons lll

    Maxim Properties

  • Kathy Graham

    Seller's Agent in 2016

    Kathy Graham

    Kelly Right Real Estate of Portland, LLC

    (503) 890-1729

    5 Total Sales

    Kathy Graham
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16586913

Regional Multiple Listing Service (RMLS)

APN: R313632

Oregon Multnomah County Gresham 97030 North Central

571 NE 18th St Unit 585, Gresham, OR

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