NOT LISTED FOR SALE

Estimated Value: $722,000 - $778,000

5 Beds
4 Baths
3,361 Sq Ft
$223/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $425,000 $126 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,446/month

10 Days on Market

Highlights

  • Deck
  • Private Lot
  • Washer and Dryer
  • Bolton Primary School Rated A
  • Storage
  • Lap Siding

About This Home

As of June 2016

Great investment opportunity! Actual rent rates are well below market. Projected NOI provides a 7% cap rate. Attached proforma is based on current market rents. Very spacious floor plans, washer/dryer, central gas heat, 2 parking spaces/unit, storage, deck/patio and much more. Duplex next store is also for sale MLS #16692024. All 4 units on private drive.

Last Listed By

Sarah Kupillas

Realty One Group Prestige License #201208329 Listed on: 03/24/2016

Realty One Group Prestige

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,696

Year Built

  • Built in 1955

Lot Details

  • Private Lot
  • Sloped Lot

Parking

  • Paved Parking
  • Open Parking

Home Design

  • Slab Foundation
  • Lap Siding

Interior Spaces

  • 2-Story Property
  • Storage
  • Washer and Dryer
  • Range

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,696

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3361
  • Stories: 2
  • Year Built: 1955
  • Property Condition: Unknown
  • Remarks Public: Great investment opportunity! Actual rent rates are well below market. Projected NOI provides a 7% cap rate. Attached proforma is based on current market rents. Very spacious floor plans, washer/dryer, central gas heat, 2 parking spaces/unit, storage, deck/patio and much more. Duplex next store is also for sale MLS #16692024. All 4 units on private drive.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: PARTITION PLAT 2006-055 PT PARCEL 1
  • Storage: Attached

Exterior Features

  • Exterior Description: Lap Siding, Man Made
  • Roof Type: Composition
  • Foundation Details: Slab

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Deck, Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Bolton
  • High School: West Linn

Lot Info

  • Lot Description: Private, Sloped
  • Zoning: SFR
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 4162.17
  • Assessor Parcel Number: 00381223

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 17.05

MLS Schools

  • Elementary School: Bolton
  • High School: West Linn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2016
Closed on
Jun 13, 2016
Sold by
Blakley Steven
Bought by
Kovack James H
Seller's Agent
Sarah Kupillas
Realty One Group Prestige
Buyer's Agent
Laurie Kovack
RE/MAX Equity Group
List Price
$425,000
Sold Price
$425,000
Total Days on Market
10
Current Estimated Value
$748,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,157
Avg. Annual Appreciation
6.89%
Original Mortgage
$318,750
Outstanding Balance
$259,161
Interest Rate
3.66%
Mortgage Type
Commercial
Estimated Equity
$510,591

Purchase Details

Closed on
Apr 27, 2007
Sold by
Golay Andrew Patrick
Bought by
Blakley Steven

Purchase Details

Closed on
Aug 25, 2006
Sold by
Golay Andrew
Bought by
Blakley Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,900
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 1995
Sold by
Mcnutt Brent and Golay Andrew
Bought by
Golay Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,400
Interest Rate
9.2%
Mortgage Type
Commercial

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
Kovack James H $425,000 Fidelity Natl Title Of Or
Blakley Steven $331,500 First American Title Insuran
Blakley Steven $342,400 First American
Golay Andrew -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kovack James H $318,750
Previous Owner Blakley Steven $273,900
Previous Owner Golay Andrew $141,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2016 06/14/16 Sold $425,000 0.0% $126 / Sq Ft
04/03/2016 04/03/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $425,000 -- $126 / 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 $5,696 $289,418 $0 $0
2022 $5,376 $280,989 $0 $0
2021 $5,103 $272,805 $0 $0
2020 $5,138 $264,860 $0 $0
2019 $4,900 $257,146 $0 $0
2018 $4,681 $249,656 $0 $0
2017 $4,499 $242,384 $0 $0
2016 $4,383 $235,324 $0 $0
2015 $4,162 $228,470 $0 $0
2014 $3,853 $221,816 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16598534

Regional Multiple Listing Service (RMLS)

APN: 00381223