$875,000
SOLD JUN 11, 2018

709 SE 212th Ave Unit 723 Gresham, OR 97030

North Central Neighborhood
5 Beds
4 Baths
6,638 Sq Ft
0.5 Acres

Recently Sold

$132 Per Sq Ft

12% Below List Price

46 Days on Market

About This Home

As of June 2022

Located on a quiet street south of SE Stark in Gresham, the 7 unit property features large two and three bedroom, one and a half bath units with ample off-street parking. Rents are lower than market rates due to the seller's self-managing strategy, and currently the property has long term tenants.

Last Agent to Sell the Property

Bernard Gehret

Joseph Bernard LLC License #200009029 Listed on: 02/05/2018

Joseph Bernard LLC

Last Buyer's Agent

Bernard Gehret

Joseph Bernard LLC License #200009029 Listed on: 02/05/2018

Joseph Bernard LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,226

Year Built

  • Built in 1971

Parking

  • Assigned Parking

Community Details

  • 7 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,226

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 6638
  • Year Built: 1971
  • Remarks Public: Located on a quiet street south of SE Stark in Gresham, the 7 unit property features large two and three bedroom, one and a half bath units with ample off-street parking. Rents are lower than market rates due to the seller's self-managing strategy, and currently the property has long term tenants.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: LINDY ADD, BLOCK 2, LOT 22

Exterior Features

  • Lot Size: 20,000 SqFt to .99 Acres
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Assigned

Utilities

  • Fuel Description: Electricity
  • Sewer: Public Sewer
  • Water Description: Public

Lot Info

  • Zoning: MDR-12

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 8916.21
  • Assessor Parcel Number: R207663

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 13.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2022
Closed on
Jun 7, 2022
Sold by
Otis Developments Llc
Bought by
Hartshorn Enterprises 1 Llc
Seller's Agent
Patrick Sheehan
Better Homes & Gardens Realty
Buyer's Agent
Erik Meyer
MORE Realty
List Price
$1,365,000
Sold Price
$1,345,000
Premium/Discount to List
-$20,000
-1.47%
Total Days on Market
46
Current Estimated Value
$1,122,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$222,326
Avg. Annual Appreciation
-6.24%
Original Mortgage
$1,015,000
Outstanding Balance
$971,232
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$128,194

Purchase Details

Listed on
Jul 3, 2019
Closed on
Dec 5, 2019
Sold by
Davu2 Investments Llc
Bought by
Otis Developments Llc
Seller's Agent
Bernard Gehret
Joseph Bernard LLC
Buyer's Agent
Patrick Sheehan
Better Homes & Gardens Realty
List Price
$1,170,000
Sold Price
$1,142,600
Premium/Discount to List
-$27,400
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%
Original Mortgage
$551,000
Interest Rate
3.75%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Feb 5, 2018
Closed on
Jun 7, 2018
Sold by
Hui Tong Bong Shing
Bought by
Davu2 Investments Llc
Seller's Agent
Bernard Gehret
Joseph Bernard LLC
Buyer's Agent
Bernard Gehret
Joseph Bernard LLC
List Price
$1,000,000
Sold Price
$875,000
Premium/Discount to List
-$125,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.61%
Original Mortgage
$615,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2004
Sold by
Suminski Michael T
Bought by
Hui Tony Bong Shing and Hui Luyen Thi Huynh

Purchase Details

Closed on
Dec 15, 1999
Sold by
Suminski Michael T and Suminski Doreen
Bought by
Albertsons Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,350
Interest Rate
7.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 13, 1999
Sold by
Suminski Marie J
Bought by
Suminski Michael T and Suminski Doreen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,350
Interest Rate
7.82%
Mortgage Type
Seller Take Back
Source: Public Records

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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 $1,345,000 Fidelity National Title
Warranty Deed $1,142,600 Fidelity National Ttl Of Or
Warranty Deed $875,000 Chicago Title
Warranty Deed $460,000 First American
Warranty Deed $165,000 First American Title Co
Interfamily Deed Transfer $175,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,015,000 New Conventional
Previous Owner $551,000 Future Advance Clause Open End Mortgage
Previous Owner $615,000 Commercial
Previous Owner $50,350 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $1,345,000 -1.5% $203 / Sq Ft
02/27/2022 02/27/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $1,365,000 0.0% $206 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $1,365,000 +19.5% $206 / Sq Ft
12/06/2019 12/06/19 Sold $1,142,600 -2.3% $172 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $1,170,000 +33.7% $176 / Sq Ft
06/11/2018 06/11/18 Sold $875,000 -12.5% $132 / Sq Ft
03/23/2018 03/23/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $1,000,000 -- $151 / 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 $11,226 $596,270 $0 $0
2022 $10,913 $578,910 $0 $0
2021 $10,638 $562,050 $0 $0
2020 $10,009 $545,680 $0 $0
2019 $9,747 $529,790 $0 $0
2018 $9,293 $514,360 $0 $0
2017 $8,916 $499,380 $0 $0
2016 $7,861 $484,840 $0 $0
2015 $7,691 $470,720 $0 $0
2014 $7,504 $457,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18074813

Regional Multiple Listing Service (RMLS)

APN: R207663