NOT LISTED FOR SALE

622 NE Sumner St Unit 624 Portland, OR 97211

King Neighborhood

Estimated Value: $691,000 - $938,139

6 Beds
4 Baths
2,928 Sq Ft
$266/Sq Ft Est. Value

Last Sold February 05, 2019

Last sale price $574,000 $196 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,721/month

225 Days on Market

Highlights

  • Attached Garage
  • Level Lot
  • 4-minute walk to King School Park
  • Parking Storage or Cabinetry

About This Home

As of February 2019

Property sold AS-IS. 7.66 Cap Rate (based on Pro-forma numbers). Newer duplex in one of Portland's most sought after areas, ideal for owner-occupied, AirBnB, or investment opportunity. Each unit has 3 bedrooms, 1.5 baths, and a washer/dryer, with a one-car garage, and plenty of off-street parking. Side patio/backyards. Separate gas and electrical meters. Close to shops, restaurants, parks and transit.

Last Agent to Sell the Property

Nathan Bernhardt

The Brokerage License #201211559 Listed on: 05/01/2018

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,822

Year Built

  • Built in 2000

Lot Details

  • Level Lot

Parking

  • Attached Garage
  • Parking Storage or Cabinetry

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,822

Year Built

Built in 2000

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2928
  • Stories: 2
  • Year Built: 2000
  • Remarks Public: Property sold AS-IS. 7.66 Cap Rate (based on Pro-forma numbers). Newer duplex in one of Portland's most sought after areas, ideal for owner-occupied, AirBnB, or investment opportunity. Each unit has 3 bedrooms, 1.5 baths, and a washer/dryer, with a one-car garage, and plenty of off-street parking. Side patio/backyards. Separate gas and electrical meters. Close to shops, restaurants, parks and transit.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ARLETA PK, N 1/2 OF LOT 65&70, N 1/2 OF LOT 73&76
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: King
  • Middle School: King
  • High School: Jefferson
  • School High2: Grant

Lot Info

  • Lot Description: Level
  • Zoning: R2

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 5186.75
  • Assessor Parcel Number: R107932
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.87

MLS Schools

  • Elementary School: King
  • High School: Jefferson
  • Middle School: King

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2018
Closed on
Feb 4, 2019
Sold by
Webb Patricia Joanne
Bought by
Phan Ryan V
Seller's Agent
Nathan Bernhardt
The Brokerage
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$625,000
Sold Price
$574,000
Premium/Discount to List
-$51,000
-8.16%
Current Estimated Value
$780,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,035
Avg. Annual Appreciation
4.72%
Original Mortgage
$430,500
Outstanding Balance
$379,250
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$400,785

Purchase Details

Closed on
Mar 27, 2002
Sold by
Z To Z Construction Llc
Bought by
Cunningham Rudolph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,700
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
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
Phan Ryan V $574,000 Chicago Title
Cunningham Rudolph $214,500 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phan Ryan V $430,500
Previous Owner Cunningham Rudolph $203,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2019 02/05/19 Sold $574,000 -8.2% $196 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $625,000 -- $213 / 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
2024 $6,822 $254,990 -- --
2023 $6,560 $247,570 $0 $0
2022 $6,418 $240,360 $0 $0
2021 $6,309 $233,360 $0 $0
2020 $5,788 $226,570 $0 $0
2019 $5,576 $219,980 $0 $0
2018 $5,412 $213,580 $0 $0
2017 $5,187 $207,360 $0 $0
2016 $4,747 $201,330 $0 $0
2015 $4,622 $195,470 $0 $0
2014 $4,553 $189,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18586722

Regional Multiple Listing Service (RMLS)

APN: R107932

Oregon Multnomah County Portland 97211 King

622 NE Sumner St Unit 624, Portland, OR

This home is located at 622 NE Sumner St Unit 624, Portland, OR 97211 since 01 May 2018 and is currently estimated at $780,035, approximately $266 per square foot. This property was built in 2000. 622 NE Sumner St Unit 624 is a home located in Multnomah County with nearby schools including Martin Luther King Jr. School, Harriet Tubman Middle School, and Jefferson High School.

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