NOT LISTED FOR SALE

610 NW Fariss Rd Unit 618 Gresham, OR 97030

North Central Neighborhood

Estimated Value: $769,000 - $872,066

7 Beds
9 Baths
4,254 Sq Ft
$192/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $675,627 $159 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,229/month

Highlights

  • Attached Garage
  • High Speed Internet
  • 4-minute walk to North Gresham Park
  • Parking Storage or Cabinetry
  • Level Lot

About This Home

As of November 2020

Fully rented, very clean & well maintained triplex in a great area. Upside rent potential. Single car attached garages, private back patios. Large lot with lots of room for extra parking. Fully equipped kitchens, separate laundry space with W/D hookups. Near Gresham station, max & bus lines. New roof 2014, new siding 2008

Last Agent to Sell the Property

Michael Strand

Better Homes & Gardens Realty License #200601321 Listed on: 08/18/2020

Last Buyer's Agent

Yintian Zhou

Yintian Zhou Realty License #200606102

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,237

Year Built

  • Built in 1996

Lot Details

  • Level Lot

Home Design

  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher

Parking

  • Attached Garage
  • Parking Storage or Cabinetry

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,237

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4254
  • Stories: 2
  • Year Built: 1996
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SECTION 04 1S 3E, TL 501 0.33 ACRES
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Cement Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas, Tank
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned
  • Internet Service Type: Cable
  • Security: Sidewalk

Condo/Co-op/Association

  • Unit Features: Dishwasher, Microwave, Range, Washer/Dryer Hookup

Lot Info

  • Lot Description: Level
  • Zoning: cmu

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 7984.65
  • Assessor Parcel Number: R337629
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.20

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2018
Closed on
Mar 21, 2018
Sold by
Matterhom Inc
Bought by
Hurricane Investments Llc
Seller's Agent
Marguerite Truttman
Premiere Property Group, LLC
Buyer's Agent
Mark Trunk
RE/MAX Equity Group
List Price
$599,000
Sold Price
$595,000
Premium/Discount to List
-$4,000
-0.67%
Current Estimated Value
$816,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,022
Avg. Annual Appreciation
4.22%
Original Mortgage
$446,250
Outstanding Balance
$126,079
Interest Rate
4.32%
Mortgage Type
Commercial
Estimated Equity
$689,943

Purchase Details

Closed on
Oct 9, 1996
Sold by
B A Svaren Inc
Bought by
The Matterhorn Restaurant Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
8.1%
Source: Public Records

Range of Values:

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Average Value
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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
Hurricane Investments Llc $595,000 Fidelity Natl Title Of Orege
The Matterhorn Restaurant Inc $289,500 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hurricane Investments Llc $446,250
Previous Owner The Matterhorn Restaurant Inc $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2020 11/06/20 Sold $675,627 -1.9% $159 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $689,000 +15.8% $162 / Sq Ft
03/23/2018 03/23/18 Sold $595,000 -0.7% $159 / Sq Ft View Prior Sale
02/09/2018 02/09/18 Pending -- -- --
01/07/2018 01/07/18 For Sale $599,000 -- $160 / 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 $11,237 $552,190 -- --
2024 $10,756 $536,110 -- --
2023 $9,800 $520,500 $0 $0
2022 $9,526 $505,340 $0 $0
2021 $9,286 $490,629 $0 $0
2020 $8,199 $447,030 $0 $0
2019 $7,985 $434,010 $0 $0
2018 $7,613 $421,370 $0 $0
2017 $7,304 $409,100 $0 $0
2016 $6,440 $397,190 $0 $0
2015 $6,301 $385,630 $0 $0
2014 $6,148 $374,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Strand

    Better Homes & Gardens Realty

  • Yintian Zhou

    Buyer's Agent in 2020

    Yintian Zhou

    Yintian Zhou Realty

    (503) 866-7675

    51 Total Sales

    Yintian Zhou
    Section Image
  • Marguerite Truttman

    Seller's Agent in 2018

    Marguerite Truttman

    Premiere Property Group, LLC

    (503) 329-8793

    3 in this area

    50 Total Sales

    Marguerite Truttman
    Section Image
  • Mark Trunk

    Buyer's Agent in 2018

    Mark Trunk

    RE/MAX

    (503) 427-0094

    1 in this area

    81 Total Sales

    Mark Trunk
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20669533

Regional Multiple Listing Service (RMLS)

APN: R337629

Oregon Multnomah County Gresham 97030 North Central

610 NW Fariss Rd Unit 618, Gresham, OR

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