NOT LISTED FOR SALE

645 W Powell Blvd Gresham, OR 97030

Northwest Gresham Neighborhood

Estimated Value: $587,000 - $708,000

5 Beds
3 Baths
2,235 Sq Ft
$291/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $585,000 $262 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,963/month

3 Days on Market

Highlights

  • Property is near a bus stop
  • Level Lot
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of July 2021

Charming well cared for Triplex in ideal Gresham location!This property boasts many updates throughout. Refinished hardwood floors,int paint,moldings,doors,kitchen cabinets,appliances,sinks,light fixtures & bath vanities. 2,235 sq ft of living space w/1,430 sf unfinished basement(common area for tenant laundry & storage). New Roof in 2018, ext paint in Sept 2020. Owner storage shed. Additional parking available for tenants & guests. Walking distance to shopping, dining, parks & paths.On busline.

Last Agent to Sell the Property

Rod McAdams

Keller Williams PDX Central License #960100013 Listed on: 05/21/2021

Keller Williams PDX Central

Last Buyer's Agent

Darryl Bodle

Keller Williams Realty Portland Premiere License #199910100

Keller Williams Realty Portland Premiere

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,163

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,235 Sq Ft Home
  • 1-Story Property
  • Security Lights

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Basement Storage

Parking

  • Carport
  • Assigned Parking

Schools

  • West Gresham Elementary School
  • Dexter Mccarty Middle School
  • Gresham High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Level Lot
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R192509

Community Details

Building Details

  • Operating Expense $6,890
  • Gross Income $34,680
  • Net Operating Income $27,744

Additional Features

  • 3 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,163

Year Built

Built in 1954 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1954
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • PublicRemarksAmenities: 73 walk score and 74 bike score.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, PartialBasement, Unfinished
  • Storage: Basement
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: Brick,Cedar,ShingleSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: GentleSloping, Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Carport
  • Attached Garage: No

Utilities

  • Energy Efficiency Features: PartialCeilingInsulation,PartialWallInsulation
  • Fuel Description: Gas
  • Security: SecurityLights, Sidewalk
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons
  • Neighborhood Features: Walking distance to shopping & dining

Schools

  • Elementary School: West Gresham
  • High School: Gresham
  • Middle Or Junior School: Dexter McCarty

Lot Info

  • Zoning: LDR-5
  • Parcel #: R192509

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 5162.69

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 15.86
  • Annual Gross Income: 34680.0
  • Property Net Operating Income: 27744.0
  • Annual Operating Expense: 6890.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Jul 29, 2021
Sold by
Posch Julie A and Posch Ryan T
Bought by
Arbab Youssef and Weise Pamela E
Seller's Agent
Rod McAdams
Keller Williams PDX Central
Buyer's Agent
Darryl Bodle
Keller Williams Realty Portland Premiere
List Price
$550,000
Sold Price
$585,000
Premium/Discount to List
$35,000
6.36%
Current Estimated Value
$650,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,044
Avg. Annual Appreciation
1.23%
Original Mortgage
$438,750
Outstanding Balance
$403,401
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$212,172

Purchase Details

Closed on
Nov 29, 2004
Sold by
Willis Brian R
Bought by
Posch Ryan T and Posch Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,450
Interest Rate
5.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2001
Sold by
Sundstrom Karen L
Bought by
Willis Brian R and Willis Elizabeth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
7.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 1999
Sold by
Seer Llc
Bought by
Sundstrom Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,400
Interest Rate
6.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 1999
Sold by
Fathizaden Amir
Bought by
Seer Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,400
Interest Rate
6.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 1998
Sold by
Western United Life Assurance Company
Bought by
Fathizaden Amir and Fathizaden Carol

Purchase Details

Closed on
Sep 1, 1995
Sold by
Mal Danny
Bought by
Western United Life Assurance Company

Purchase Details

Closed on
Sep 29, 1994
Sold by
Jacoy Randy R
Bought by
Mal Danny and A & D Revocable Living Trust

Purchase Details

Closed on
Sep 22, 1994
Sold by
Jacoy Randy R
Bought by
Mal Danny and A & D Revocable Living Trust
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
Arbab Youssef $585,000 First American
Posch Ryan T $226,500 First American
Willis Brian R $217,500 Pacific Nw Title
Sundstrom Karen L -- Ticor Title
Seer Llc $200,000 Ticor Title
Fathizaden Amir $181,800 Ticor Title
Western United Life Assurance Company $151,948 First American Title Ins Co
Mal Danny -- First American Title Ins Co
Mal Danny -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arbab Youssef $438,750
Previous Owner Posch Ryan T $123,450
Previous Owner Willis Brian R $174,000
Previous Owner Sundstrom Karen L $167,400
Closed Sundstrom Karen L $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $585,000 +6.4% $262 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $550,000 -- $246 / 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 $6,356 $316,770 -- --
2023 $5,790 $307,550 $0 $0
2022 $5,629 $298,600 $0 $0
2021 $5,487 $289,910 $0 $0
2020 $5,163 $281,470 $0 $0
2019 $5,028 $273,280 $0 $0
2018 $4,794 $265,330 $0 $0
2017 $4,600 $257,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rod McAdams

    Seller's Agent in 2021

    Rod McAdams

    Keller Williams PDX Central

    (503) 504-7637

    2 in this area

    78 Total Sales

    Rod McAdams
    Section Image
  • Darryl Bodle

    Buyer's Agent in 2021

    Darryl Bodle

    Keller Williams Realty Portland Premiere

    (503) 709-4632

    1 in this area

    1,677 Total Sales

    Darryl Bodle
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21660752

Regional Multiple Listing Service (RMLS)

APN: R192509

Oregon Multnomah County Gresham 97030 Northwest Gresham

645 W Powell Blvd, Gresham, OR

This home is located at 645 W Powell Blvd, Gresham, OR 97030 since 21 May 2021 and is currently estimated at $650,044, approximately $290 per square foot. This property was built in 1954. 645 W Powell Blvd is a home located in Multnomah County with nearby schools including Dexter McCarty Middle School, Gresham High School, and Gresham Arthur Academy.

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