NOT LISTED FOR SALE

Estimated Value: $522,000 - $562,000

4 Beds
2 Baths
799 Sq Ft
$671/Sq Ft Est. Value

Last Sold June 23, 2021

Last sale price $520,000 $651 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,415/month

5 Days on Market

Highlights

  • RV Access or Parking
  • Level Lot
  • 3-minute walk to Portsmouth Park
  • Washer and Dryer

About This Home

As of June 2021

PERFECT OPPORTUNITY FOR INVESTORS OR FIRST TIME BUYERS! 2 HOMES FOR THE PRICE OF 1! Adorable 2 bedroom cottage plus 2 bedrooms detached ADU located 3 blocks from the University of Portland! You'll never have trouble renting these. Each home features large living room with view of private fenced yard, laundry, private storage shed, and off street parking. Live in one and rent the other! Perfect location a stones throw from St Johns shopping, restaurants, food carts, New Seasons and theaters!

Last Agent to Sell the Property

Erin Rothrock

Windermere Realty Trust License #910400173 Listed on: 05/19/2021

Windermere Realty Trust

Co-Listed By

Jonathan Kettering

Opt License #201230868

Last Buyer's Agent

Brian Dorsey

Fathom Realty Oregon, LLC License #201226201

Fathom Realty Oregon, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,460

Year Built

  • Built in 1917

Lot Details

  • 4,792

Parking

  • RV Access or Parking

Home Design

  • Vinyl Siding

Kitchen

  • Range
  • Microwave
  • Dishwasher

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Washer and Dryer
  • Crawl Space
  • Level Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,460

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Year Built: 1917
  • Remarks Public: PERFECT OPPORTUNITY FOR INVESTORS OR FIRST TIME BUYERS! 2 HOMES FOR THE PRICE OF 1! Adorable 2 bedroom cottage plus 2 bedrooms detached ADU located 3 blocks from the University of Portland! You'll never have trouble renting these. Each home features large living room with view of private fenced yard, laundry, private storage shed, and off street parking. Live in one and rent the other! Perfect location a stones throw from St Johns shopping, restaurants, food carts, New Seasons and theaters!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: UNIVERSITY PK, BLOCK 49, NE 50' OF LOT 11-13
  • Basement: Crawl Space

Exterior Features

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

Garage/Parking

  • Parking Description: RV Access/Parking

Utilities

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

Condo/Co-op/Association

  • Unit Features: Dishwasher, Microwave, Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Astor
  • Middle School: Astor
  • High School: Roosevelt

Lot Info

  • Lot Description: Level
  • Zoning: R5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 4817.14
  • Assessor Parcel Number: R291874
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.65

MLS Schools

  • Elementary School: Astor
  • High School: Roosevelt
  • Middle School: Astor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jun 17, 2021
Sold by
Lancaster James Earlis and Lancaster Joanne Marie
Bought by
Blaylock Aimee
Seller's Agent
Erin Rothrock
Windermere Realty Trust
Buyer's Agent
Brian Dorsey
Fathom Realty Oregon, LLC
List Price
$479,500
Sold Price
$520,000
Premium/Discount to List
$40,500
8.45%
Current Estimated Value
$535,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,961
Avg. Annual Appreciation
0.04%
Original Mortgage
$510,581
Outstanding Balance
$468,265
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$52,522

Purchase Details

Closed on
Jul 31, 2012
Sold by
Lancaster James Earlis
Bought by
Lancaster James Earlis and Lancaster Joanne Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,750
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 1999
Sold by
Lancaster James Earlis and Lancaster Joanne Marie
Bought by
Lancaster James Earlis and Lancaster Joanne Marie

Purchase Details

Closed on
Apr 28, 1998
Sold by
Barnes Sandra Eileen
Bought by
Lancaster James E and Lancaster Joanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Blaylock Aimee $520,000 Wfg Title
Lancaster James Earlis -- Title Source
Lancaster James Earlis -- Title Source
Lancaster James Earlis -- --
Lancaster James E $85,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blaylock Aimee $510,581
Previous Owner Lancaster James Earlis $139,750
Previous Owner Lancaster James E $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2021 06/23/21 Sold $520,000 +8.4% $651 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $479,500 -- $600 / 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 $5,460 $206,030 $0 $0
2022 $5,341 $200,030 $0 $0
2021 $5,251 $194,210 $0 $0
2020 $4,817 $188,560 $0 $0
2019 $4,640 $183,070 $0 $0
2018 $4,504 $177,740 $0 $0
2017 $4,317 $172,570 $0 $0
2016 $3,950 $167,550 $0 $0
2015 $3,847 $162,670 $0 $0
2014 $3,789 $157,940 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21621225

Regional Multiple Listing Service (RMLS)

APN: R291874