NOT LISTED FOR SALE

7041 SW Montauk Cir Tualatin, OR 97062

Estimated Value: $1,122,000 - $1,213,000

8 Beds
4 Baths
3,872 Sq Ft
$296/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $1,070,000 $276 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,832/month

48 Days on Market

Highlights

  • Seasonal View
  • Community Pool
  • Landscaped with Trees
  • River Grove Elementary School Rated A+
  • 6 Car Detached Garage
  • Zoned Heating

About This Home

As of May 2023

Fantastic location on this 4-plex opportunity! Great Lake Oswego community, only top & bottom units, w/two garage spaces & assigned parking. Long term tenants w/Month to Month leases in 3 units & 1 recently vacant unit leaves room for owner occupancy or new lease! Neighborhood amenities are pool, rec center, landscaping, exterior painting & garbage service. Brand NEW roof & electrical panels & two updated units w/laminate flooring & fresh paint. Great opportunity to build equity!

Last Agent to Sell the Property

Toree McQueen

eXp Realty, LLC License #201215567 Listed on: 01/13/2023

eXp Realty, LLC

Last Buyer's Agent

Randy Schumock

John L. Scott License #910200137

John L. Scott

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,243

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • Landscaped with Trees

Parking

  • 6 Car Detached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,872 Sq Ft Home
  • 2-Story Property
  • Seasonal Views

Schools

  • River Grove Elementary School
  • Lakeridge Middle School
  • Lakeridge High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number R1001490

Community Details

Overview

  • 4 Units
  • Pipers Run Subdivision

Recreation

  • Community Pool

Building Details

  • Operating Expense $16,995
  • Gross Income $69,420
  • Net Operating Income $52,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,243

Year Built

Built in 1981 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1981
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Garage
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Yes
  • Lot Features: Trees
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Seasonal

Garage/Parking

  • Parking Description: Detached, Garage
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Pool

Schools

  • Elementary School: River Grove
  • High School: Lakeridge
  • Middle Or Junior School: Lakeridge

Lot Info

  • Zoning: RMH
  • Parcel #: R1001490

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6243.2

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.85
  • Annual Gross Income: 69420.0
  • Property Net Operating Income: 52425.0
  • Annual Operating Expense: 16995.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
May 5, 2023
Sold by
Hunt Tray E
Bought by
Verboort Laurie A
Seller's Agent
Toree McQueen
eXp Realty, LLC
Buyer's Agent
Randy Schumock
John L. Scott
List Price
$1,200,000
Sold Price
$1,070,000
Premium/Discount to List
-$130,000
-10.83%
Views
135
Current Estimated Value
$1,145,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,446
Avg. Annual Appreciation
2.98%
Original Mortgage
$445,000
Outstanding Balance
$433,635
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$711,811

Purchase Details

Closed on
Nov 30, 1995
Sold by
Pr Associates Llc
Bought by
Hunt Troy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
7.48%
Mortgage Type
Purchase Money Mortgage
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
Verboort Laurie A $1,070,000 First American Title
Hunt Troy E $305,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verboort Laurie A $445,000
Previous Owner Hunt Troy E $225,000
Previous Owner Hunt Troy E $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold $1,070,000 -2.7% $276 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/06/2023 02/06/23 Price Changed $1,100,000 -8.3% $284 / Sq Ft
01/13/2023 01/13/23 For Sale $1,200,000 -- $310 / 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 $4,530 $284,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Toree McQueen

    Seller's Agent in 2023

    Toree McQueen

    eXp Realty, LLC

    (503) 683-8062

    64 Total Sales

    Toree McQueen
    Section Image
  • Randy Schumock

    Buyer's Agent in 2023

    Randy Schumock

    John L. Scott

    (503) 781-9409

    46 Total Sales

    Randy Schumock
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22234349

Regional Multiple Listing Service (RMLS)

APN: R1001490

Oregon Washington County Tualatin 97035

7041 SW Montauk Cir, Tualatin, OR

This home is located at 7041 SW Montauk Cir, Tualatin, OR 97062 since 13 January 2023 and is currently estimated at $1,145,446, approximately $295 per square foot. This property was built in 1981. 7041 SW Montauk Cir is a home located in Washington County with nearby schools including River Grove Elementary School, Lakeridge Middle School, and Lakeridge High School.

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