NOT LISTED FOR SALE

6627 N Montana Ave Portland, OR 97217

Arbor Lodge Neighborhood

Estimated Value: $890,000 - $2,078,000

12 Beds
6 Baths
-- Sq Ft
7,275 Sq Ft Lot

Last Sold December 10, 2021

Last sale price $1,941,040

Est. 14% decrease in value since last sale

Current estimated payment $10,378/month

127 Days on Market

Highlights

  • Washer and Dryer
  • 3-minute walk to Rosa Parks
  • 1-Story Property
  • Level Lot

About This Home

As of December 2021

Turnkey 8 unit apartment buildings. Each unit has 2 bedrooms and 1 bath. Separate entrances! Easy walk to grocery store and Max transit. Convenient location. Contemporary finishes in each unit. Stainless appliances included. Quality construction by Blackstone construction. Do not disturb tenants. Professionally managed by rental management services (rms).

Last Agent to Sell the Property

Ian Reekie

MORE Realty License #880600246 Listed on: 06/29/2021

MORE Realty

Last Buyer's Agent

Aya Godschalk

Homebase Real Estate Group License #201244134

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,800

Year Built

  • Built in 2019

Lot Details

  • 7,275

Parking

  • Off-Site Parking

Home Design

  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Microwave
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 8 Units
  • Property managed by Do Not Disturb Tenants

Listing and Financial Details

  • Rent includes trash collection, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,800

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Stories: 1
  • Year Built: 2019
  • Property Condition: Existing
  • Remarks Public: Turnkey 8 unit apartment buildings. Each unit has 2 bedrooms and 1 bath. Separate entrances! Easy walk to grocery store and Max transit. Convenient location. Contemporary finishes in each unit. Stainless appliances included. Quality construction by Blackstone construction. Do not disturb tenants. Professionally managed by rental management services (rms).
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: GOOD MORNING ADD, BLOCK 5, LOT 13&14
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Cement Siding
  • Lot Size: 7K-9,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Off Site

Utilities

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

Condo/Co-op/Association

  • Management Name: Do Not Disturb Tenants
  • Unit Features: Dishwasher, Microwave, Refrigerator, Washer/Dryer Hookup, Washer/Dryer

Schools

  • Elementary School: Chief Joseph
  • Middle School: Ockley Green
  • High School: Jefferson
  • School High2: Roosevelt

Lot Info

  • Lot Description: Level
  • Zoning: resid

Rental Info

  • Rent Includes: Trash Collection, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 13404.55
  • Assessor Parcel Number: R171795
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4, 5, 6
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 14.55

MLS Schools

  • Elementary School: Chief Joseph
  • High School: Jefferson
  • Middle School: Ockley Green

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Nov 30, 2021
Sold by
The Corridor Hub Llc
Bought by
Morse David Graden and Morse Carol Armer
Seller's Agent
Ian Reekie
MORE Realty
Buyer's Agent
Aya Godschalk
Homebase Real Estate Group
List Price
$2,160,000
Sold Price
$1,941,040
Premium/Discount to List
-$218,960
-10.14%
Current Estimated Value
$1,666,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$274,758
Avg. Annual Appreciation
-4.67%

Purchase Details

Closed on
Aug 16, 2019
Sold by
Steenson Christopher M and Steenson Walter Nicole
Bought by
The Corridor Hub Llc

Purchase Details

Closed on
Oct 28, 2015
Sold by
Leonard Chris Irving
Bought by
Steenson Christopher M and Walter Nicole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
3.71%
Mortgage Type
New Conventional
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
Morse David Graden $1,941,040 Ticor Title
The Corridor Hub Llc -- Fidelity National Ttl Of Or
Steenson Christopher M $310,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steenson Christopher M $937,000
Previous Owner Steenson Christopher M $232,500
Previous Owner Leonard Irving O $325,500
Previous Owner Leonard Irving O $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $1,941,040 -1.7% --
11/03/2021 11/03/21 Pending -- -- --
10/27/2021 10/27/21 Price Changed $1,975,000 -1.2% --
09/28/2021 09/28/21 Price Changed $1,999,000 -4.8% --
08/22/2021 08/22/21 Price Changed $2,100,000 -2.8% --
06/29/2021 06/29/21 For Sale $2,160,000 -- --
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 $15,800 $590,540 -- --
2023 $15,193 $573,340 $0 $0
2022 $14,864 $556,650 $0 $0
2021 $14,612 $540,440 $0 $0
2020 $13,405 $524,700 $0 $0
2019 $8,614 $339,860 $0 $0
2018 $3,148 $124,250 $0 $0
2017 $3,018 $120,640 $0 $0
2016 $2,762 $117,130 $0 $0
2015 $2,226 $94,150 $0 $0
2014 $2,193 $91,410 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ian Reekie

    Seller's Agent in 2021

    Ian Reekie

    MORE Realty

    (503) 789-2550

    1 in this area

    30 Total Sales

    Ian Reekie
    Section Image

  • A

    Buyer's Agent in 2021

    Aya Godschalk

    Homebase Real Estate Group

    (408) 510-1077

    1 in this area

    11 Total Sales

    Aya Godschalk
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21228555

Regional Multiple Listing Service (RMLS)

APN: R171795

Oregon Multnomah County Portland 97217 Arbor Lodge

6627 N Montana Ave, Portland, OR

This home is located at 6627 N Montana Ave, Portland, OR 97217 since 29 June 2021 and is currently estimated at $1,666,282. This property was built in 2019. 6627 N Montana Ave is a home located in Multnomah County with nearby schools including Chief Joseph Elementary School, Ockley Green, and Jefferson High School.

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