NOT LISTED FOR SALE

Estimated Value: $1,095,000 - $1,459,619

2 Beds
2 Baths
3,120 Sq Ft
$428/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $870,000 $279 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $8,175/month

21 Days on Market

Highlights

  • Views
  • Storage
  • Wood Siding
  • Forest Hills Elementary School Rated A
  • Level Lot
  • 3-minute walk to Rossman Park

About This Home

As of September 2017

Rare investment opportunity. 3 large 2 bed, 2 ba units are turn key. Upper roof newer in 2016, fresh exterior paint and over $25k invested in updates including new wood floors in middle unit. Fully leased, expiring in June 2018. Each unit has parking for 2 cars and locked storage unit. All units have newer lighting, electrical, paint and fixtures. Each unit is one level with bonus sq ft office area and nice decks for outdoor areas.

Last Listed By

Angela McFarland

MORE Realty License #200610310 Listed on: 07/28/2017

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,722

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 6,011

Parking

  • Carport

Home Design

  • Wood Siding

Interior Spaces

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

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 3 Units
  • Property managed by no sign, do not disturb tenant

Listing and Financial Details

  • Rent includes water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,722

Year Built

Built in 1968 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3120
  • Stories: 2
  • Year Built: 1968
  • Property Condition: Updated/Remodeled
  • Remarks Public: Rare investment opportunity. 3 large 2 bed, 2 ba units are turn key. Upper roof newer in 2016, fresh exterior paint and over $25k invested in updates including new wood floors in middle unit. Fully leased, expiring in June 2018. Each unit has parking for 2 cars and locked storage unit. All units have newer lighting, electrical, paint and fixtures. Each unit is one level with bonus sq ft office area and nice decks for outdoor areas.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: 29 1ST ADD TO OSWEGO LT 014 BLK 28
  • Basement: Crawl Space
  • Storage: Individual Storage Units, Locked

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Parking Description: Carport

Utilities

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

Condo/Co-op/Association

  • Management Name: no sign, do not disturb tenant
  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Forest Hills
  • Middle School: Lake Oswego
  • High School: Lake Oswego

Lot Info

  • Lot Description: Level
  • Zoning: r2

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Amount: 6025.16
  • Assessor Parcel Number: 00194186

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 16.65

MLS Schools

  • Elementary School: Forest Hills
  • High School: Lake Oswego
  • Middle School: Lake Oswego

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2019
Sold by
Pearce Brian Taylor and Robert Pearce Living Trust
Bought by
Pearce Gary
Total Days on Market
21
Current Estimated Value
$1,336,905

Purchase Details

Listed on
Jul 28, 2017
Closed on
Sep 12, 2017
Sold by
Rss Properties Llc
Bought by
Pearce Brian Taylor and Robert Pearce Living Trust
Seller's Agent
Angela McFarland
MORE Realty
Buyer's Agent
Bill Eubanks
Coldwell Banker Bain
List Price
$899,000
Sold Price
$870,000
Premium/Discount to List
-$29,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%

Purchase Details

Closed on
Apr 17, 2017
Sold by
Sells Robert R
Bought by
Rss Properties Llc

Purchase Details

Closed on
Jul 15, 2016
Sold by
Rss Properties Llc
Bought by
Sells Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,250
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 16, 2016
Closed on
Apr 14, 2016
Sold by
Horton Darcy Ann
Bought by
Rss Properties Llc
Seller's Agent
Pat Bangerter
Eleete Real Estate
Buyer's Agent
Angela McFarland
MORE Realty
List Price
$875,000
Sold Price
$825,000
Premium/Discount to List
-$50,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%

Purchase Details

Listed on
Mar 18, 2015
Closed on
Apr 23, 2015
Sold by
Little Terence John
Bought by
Horton Darcy Ann and Darcy Ann Horton Trust
Seller's Agent
Bill Futrell
Windermere Realty Trust
Buyer's Agent
Pat Bangerter
Eleete Real Estate
List Price
$679,000
Sold Price
$630,000
Premium/Discount to List
-$49,000
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.43%

Purchase Details

Closed on
Jun 6, 2011
Sold by
Little Terence John
Bought by
Little Terence John

Purchase Details

Closed on
Jun 1, 2005
Sold by
Pitney Martin and Pitney Denise
Bought by
Gullette Elizabeth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 1996
Sold by
Ferrarin Mario B and Ferrarin Jeanne Marie
Bought by
Pitney Martin and Pitney Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
8.18%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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
Pearce Gary -- None Available
Pearce Brian Taylor $870,000 None Available
Rss Properties Llc -- None Available
Sells Robert R -- Old Republic Title
Rss Properties Llc $825,000 Fidelity Natl Title Co Of Or
Horton Darcy Ann $630,000 Wfg Title
Little Terence John -- None Available
Gullette Elizabeth R $425,500 Pacific Nw Title
Pitney Martin $272,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sells Robert R $536,250
Previous Owner Gullette Elizabeth R $250,000
Previous Owner Gullette Elizabeth R $180,000
Previous Owner Pitney Martin $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $870,000 -3.2% $279 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
07/28/2017 07/28/17 For Sale $899,000 +9.0% $288 / Sq Ft
04/15/2016 04/15/16 Sold $825,000 -5.7% $264 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
01/16/2016 01/16/16 For Sale $875,000 +38.9% $280 / Sq Ft
04/30/2015 04/30/15 Sold $630,000 -7.2% $202 / Sq Ft
03/28/2015 03/28/15 Pending -- -- --
03/18/2015 03/18/15 For Sale $679,000 -- $218 / 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 $8,722 $440,796 $0 $0
2022 $8,215 $427,958 $0 $0
2021 $7,586 $415,494 $0 $0
2020 $7,396 $403,393 $0 $0
2019 $7,214 $391,644 $0 $0
2018 $6,860 $380,237 $0 $0
2017 $6,619 $369,162 $0 $0
2016 $6,025 $358,410 $0 $0
2015 $4,890 $292,343 $0 $0
2014 $4,827 $283,828 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17015006

Regional Multiple Listing Service (RMLS)

APN: 00194186