$595,000
SOLD MAR 23, 2018

610 NW Fariss Rd Unit 618 Gresham, OR 97030

North Central Neighborhood
7 Beds
9 Baths
3,747 Sq Ft
0.33 Acres

Recently Sold

$159 Per Sq Ft

1% Below List Price

33 Days on Market

Highlights

  • Attached Garage
  • Storage
  • Lap Siding
  • Views
  • Level Lot
  • 4-minute walk to North Gresham Park

About This Home

As of November 2020

Fully rented very well maintained large triplex with single car garages attached and small backyards with privacy fence dividers. All units have a range, dishwasher, and refrigerators included, separate inside laundry room for W/D hookup. Recent updates in 614 and 618. New roof 2014/siding 2008. 6 extra parking spaces. Please do not disturb tenants. Near Gresham Station, MAX, & bus lines.

Last Agent to Sell the Property

Marguerite Truttman

Premiere Property Group, LLC License #940200390 Listed on: 01/07/2018

Premiere Property Group, LLC

Last Buyer's Agent

Mark Trunk

RE/MAX Equity Group License #780700158

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,800

Year Built

  • Built in 1996

Parking

  • Attached Garage
  • Assigned Parking

Home Design

  • Lap Siding

Interior Spaces

  • 2-Story Property
  • Storage
  • Crawl Space
  • Property Views

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,800

Year Built

Built in 1996

Lot Details

0

Parking

9

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3747
  • Stories: 2
  • Year Built: 1996
  • Property Condition: Existing
  • Remarks Public: Fully rented very well maintained large triplex with single car garages attached and small backyards with privacy fence dividers. All units have a range, dishwasher, and refrigerators included, separate inside laundry room for W/D hookup. Recent updates in 614 and 618. New roof 2014/siding 2008. 6 extra parking spaces. Please do not disturb tenants. Near Gresham Station, MAX, & bus lines.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior Description: Lap Siding, Cement Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition
  • View: Territorial
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 9
  • Parking Description: Assigned, Attached

Utilities

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

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Description: Level
  • Zoning: CMU

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 7304.29
  • Assessor Parcel Number: R337629

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 13.49

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
$766,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,368
Avg. Annual Appreciation
4.30%
Original Mortgage
$446,250
Outstanding Balance
$154,593
Interest Rate
4.32%
Mortgage Type
Commercial
Estimated Equity
$656,163

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $595,000 Fidelity Natl Title Of Orege
Corporate Deed $289,500 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $446,250 Commercial
Previous Owner $115,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18384619

Regional Multiple Listing Service (RMLS)

APN: R337629