$738,500
SOLD NOV 25, 2024
-- Bed
-- Bath
3,264 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$226 Per Sq Ft

2% Above List Price

14 Days on Market

Highlights

  • Park or Greenbelt View
  • No HOA
  • Zoned Heating
  • Corner Lot

About This Home

As of November 2024

Charming 4-Plex in the Heart of St. Johns - Investment Opportunity!Discover this well-maintained 4-plex situated in the vibrant and sought-after St. Johns neighborhood. This property offers immediate rental income with potential for rent growth.Each unit features 2 bed and 1 bathroom. Each unit boasts spacious layouts, in-unit washer/dryer, and off-street parking for added convenience. Adjacent to city-owned property, enjoy the added privacy and open surroundings. Please respect tenant privacy – offers subject to inspection. An ideal investment opportunity in one of Portland’s most thriving areas.

Last Agent to Sell the Property

Rebecca Smith

eXp Realty, LLC Brokerage Phone: 503-567-1149 License #201219340 Listed on: 09/19/2024

Co-Listed By

Sidney Smith

eXp Realty, LLC Brokerage Phone: 503-567-1149 License #201230496

Last Buyer's Agent

Jason Kennedy

RE/MAX Equity Group License #200501139

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,073

Year Built

  • Built in 2000

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Parking

  • Open Parking
  • Off-Street Parking

Schools

  • James John Elementary School
  • George Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • Zoned Heating

Additional Features

  • Park or Greenbelt Views
  • Crawl Space

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection, water
  • Assessor Parcel Number R151201

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • St Johns Subdivision

Building Details

  • Operating Expense $28,169
  • Gross Income $44,772
  • Net Operating Income $36,352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,073

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 2000
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Concrete, Paved
  • Roof: Composition
  • View: ParkGreenbelt

Garage/Parking

  • Parking Description: OffStreet, Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping
  • Association: No

Schools

  • Elementary School: James John
  • High School: Roosevelt
  • Middle Or Junior School: George

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227.0
  • Parcel #: R151201

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 9073.14

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 16.19
  • Annual Gross Income: 44772.0
  • Property Net Operating Income: 36352.0
  • Annual Operating Expense: 28169.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 25, 2024
Sold by
Kilfoil Benjamin and Svadlenak Ellen E
Bought by
Calloway Jason
Seller's Agent
Rebecca Smith
eXp Realty, LLC
Buyer's Agent
Jason Kennedy
RE/MAX Equity Group
List Price
$725,000
Sold Price
$738,500
Premium/Discount to List
$13,500
1.86%
Views
17
Current Estimated Value
$743,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,175
Avg. Annual Appreciation
0.22%
Original Mortgage
$664,650
Outstanding Balance
$661,506
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$78,134

Purchase Details

Listed on
Oct 5, 2020
Closed on
Dec 29, 2020
Sold by
Bd Lenz Properties Llc
Bought by
Kilfoil Benjamin and Svadlenak Ellen E
Seller's Agent
Hugh Holtman
SVN - Imbrie Realty LLC
Buyer's Agent
Rebecca Smith
eXp Realty, LLC
List Price
$475,010
Sold Price
$575,000
Premium/Discount to List
$99,990
21.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$564,585
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2007
Sold by
Lenz Bill R
Bought by
Lenz Bill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.31%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 15, 2007
Sold by
Lenz Bill R
Bought by
Bd Lenz Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.31%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 16, 1999
Sold by
L & R Properties Llc
Bought by
R & R Energy Resources Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 1997
Sold by
Garrison Mary Leann
Bought by
L & R Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $738,500 Lawyers Title
Warranty Deed $575,000 First American
Interfamily Deed Transfer -- Pacific Nw Title
Bargain Sale Deed -- Accommodation
Bargain Sale Deed -- Pacific Nw Title
Warranty Deed $29,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $664,650 New Conventional
Previous Owner $564,585 FHA
Previous Owner $280,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $252,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $738,500 +1.9% $226 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $725,000 +26.1% $222 / Sq Ft
12/30/2020 12/30/20 Sold $575,000 +21.1% $173 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
10/05/2020 10/05/20 For Sale $475,010 -- $143 / 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 $9,073 $342,400 $0 $0
2022 $8,877 $332,430 $0 $0
2021 $8,726 $322,750 $0 $0
2020 $8,005 $313,350 $0 $0
2019 $7,711 $304,230 $0 $0
2018 $7,484 $295,370 $0 $0
2017 $7,173 $286,770 $0 $0
2016 $6,564 $278,420 $0 $0
2015 $6,392 $270,320 $0 $0
2014 $5,887 $262,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24142388

Regional Multiple Listing Service (RMLS)

APN: R151201