$1,081,500
SOLD JUL 15, 2025

6974 SW Montauk Cir Lake Oswego, OR 97035

9 Beds
5 Baths
4,496 Sq Ft
0.33 Acres

Recently Sold

$241 Per Sq Ft

12% Below List Price

60 Days on Market

Highlights

  • Seasonal View
  • Community Pool
  • Level Lot
  • River Grove Elementary School Rated A+
  • Landscaped with Trees
  • Wood Siding

About This Home

As of July 2025

Fantastic Investment Opportunity! Located In Desirable Lake Oswego. The Piper's Run 4-Plex Offers 2 Upper Level Condos & 2 Main Level Condos, Which Includes (1) 3-Bedroom, 2-Bath Unit and (3), 2-Bedroom, 1-Bath Units. Garage Space & Assigned Off Street Parking. The Piper's Run Community Is Charming & Includes a Community Swimming Pool, Rec Center, Landscaping & Garbage Services. The HOA Dues are low. Long Term Tenants, Great Vacancy Rate, Units Routinely Updated, Light & Bright w/ High Vaulted Ceilings, Wood- Burning Fireplaces, Private Patios & Decks, Washer & Dryer Hookups & More. Prime Location w/Close Proximity To I-5, Bridgeport, Shopping, Entertainment, Restaurants & More. Don't Miss This Investment Opportunity!!!

Last Agent to Sell the Property

Kimberly Sektnan

Performance Properties Inc License #200704214 Listed on: 01/31/2025

Last Buyer's Agent

Randy Schumock

John L Scott Portland SW License #910200137

John L Scott Portland SW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,232

Year Built

  • Built in 1980

Lot Details

  • 0.33 Acre Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Seasonal
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,496 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Schools

  • Bridgeport Elementary School
  • Hazelbrook Middle School
  • Tualatin High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R1001356

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units
  • Pipers' Run Owners Association, Phone Number (503) 445-1123
  • East Tualatin Piper's Run Subdivision
  • Property managed by Performance Properties, Inc.

Amenities

  • Common Area

Recreation

  • Community Pool

Building Details

  • Operating Expense $26,490
  • Gross Income $74,107
  • Net Operating Income $47,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,232

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1980
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • PublicRemarksAssociation: Pipers' Run Owners Associationc/o Community Management, Inc.PO Box 60092City of Industry, CA 91716-0092
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Total Bedrooms: 9
  • Association Contact: Michael Henry
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, Seasonal, Trees
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Seasonal,Territorial

Garage/Parking

  • Parking Description: OffStreet, OnStreet
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Performance Properties, Inc.
  • Management Phone: 503-635-0099
  • Community Features: AllLandscaping, Commons, Pool
  • Association Name: Pipers' Run Owners Association
  • Phone: 503-445-1123
  • Association: Yes
  • Association Email: CMI@communitymgt.com

Association/Amenities

  • AssociationAddress: Community Management Inc PO Box 60092, City of Industry, CA 91717-0092
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Active

Schools

  • Elementary School: Bridgeport
  • High School: Tualatin
  • Middle Or Junior School: Hazelbrook

Lot Info

  • Zoning: RMH
  • Lot Size Acres: 0.33
  • Lot Size Sq Ft: 14374.0
  • Parcel #: R1001356

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7231.66

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 16.53
  • Annual Gross Income: 74107.0
  • Property Net Operating Income: 47616.0
  • Annual Operating Expense: 26490.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
Jul 11, 2025
Sold by
Edward And Joann Frankel Charitable Rema and Frankel Edward H
Bought by
6974 Sw Montauk Llc
Seller's Agent
Kimberly Sektnan
Performance Properties Inc
Buyer's Agent
Randy Schumock
John L Scott Portland SW
List Price
$1,225,000
Sold Price
$1,081,500
Premium/Discount to List
-$143,500
-11.71%
Views
41

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
308.62%

Purchase Details

Closed on
Jan 9, 2025
Sold by
Montauk Llc
Bought by
Frankel Edward H and Frankel Joann D

Purchase Details

Closed on
May 12, 2008
Sold by
Frankel Edward H and Frankel Joann D
Bought by
Montauk Llc

Purchase Details

Closed on
Jun 27, 2001
Sold by
Frankel Edward H and Frankel Joann D
Bought by
Frankel Edward H and Frankel Joann

Purchase Details

Closed on
Nov 6, 1995
Sold by
Pr Associates Llc
Bought by
Frankel Edward Harvey and Frankel Joann Day
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,081,500 Wfg Title
Bargain Sale Deed -- None Listed On Document
Bargain Sale Deed -- None Listed On Document
Bargain Sale Deed -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $334,950 Oregon Title Insurance Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Sold $1,081,500 -11.7% $241 / Sq Ft
04/01/2025 04/01/25 Pending -- -- --
02/22/2025 02/22/25 Price Changed $1,225,000 0.0% $272 / Sq Ft
02/22/2025 02/22/25 For Sale $1,225,000 -6.5% $272 / Sq Ft
02/11/2025 02/11/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $1,310,000 -- $291 / 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
2025 $7,232 $393,590 -- --
2024 $7,022 $382,130 -- --
2023 $7,022 $371,000 $0 $0
2022 $6,727 $371,000 $0 $0
2021 $6,243 $349,710 $0 $0
2020 $6,065 $339,530 $0 $0
2019 $5,906 $329,650 $0 $0
2018 $5,608 $320,050 $0 $0
2017 $5,286 $310,730 $0 $0
2016 $4,793 $301,680 $0 $0
2015 $4,641 $292,900 $0 $0
2014 $4,567 $284,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 718330409

Regional Multiple Listing Service (RMLS)

APN: R1001356