NOT LISTED FOR SALE

7117 N Fessenden St Unit 7121 Portland, OR 97203

Saint Johns Neighborhood

Estimated Value: $648,000 - $772,000

6 Beds
3 Baths
2,588 Sq Ft
$265/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $504,000 $195 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,156/month

3 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • 1-minute walk to George Park

About This Home

As of October 2019

INVESTORS! Experienced and novice alike will find value with a 6.99% Cap Rate! 3 updated units feature laminate flooring, new/newer carpet, new/newer appliances, and ample on-site open parking. One 3 bdrm/1 bath single level on the main, one 2 bdrm/1 bath townhouse, one 2 bdrm/1 bath single level up. No Sign. Please DO NOT Disturb Tenants.

Last Agent to Sell the Property

Heidi Torkko

Real Broker License #200901094 Listed on: 09/11/2019

Real Broker

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,306

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • Level Lot

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2,588 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • Paved Parking
  • Open Parking

Schools

  • James John Elementary School
  • George Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R151516

Community Details

Overview

  • 3 Units
  • East St Johns Subdivision

Building Details

  • Operating Expense $9,863
  • Gross Income $44,748
  • Net Operating Income $34,885

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,306

Year Built

Built in 1972 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1972
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: James John
  • High School: Jefferson
  • Middle Or Junior School: George

Lot Info

  • Zoning: CM1
  • Parcel #: R151516

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 4306.49

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 11.15
  • Annual Gross Income: 44748.0
  • Property Net Operating Income: 34885.0
  • Annual Operating Expense: 9863.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Oct 10, 2019
Sold by
Ken Condos Llc
Bought by
Rajamani Sowminanarayanan and Sukumaran Sumitra
Seller's Agent
Heidi Torkko
Real Broker
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$499,000
Sold Price
$504,000
Premium/Discount to List
$5,000
1%
Current Estimated Value
$684,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,998
Avg. Annual Appreciation
5.35%
Original Mortgage
$378,000
Outstanding Balance
$253,966
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$431,032

Purchase Details

Closed on
Apr 23, 2014
Sold by
S-3 Investments
Bought by
Ken Condos Llc and Bob & El Condos Llc

Purchase Details

Closed on
May 17, 2000
Sold by
Schnerch Robert A and Schnerch Elinor H
Bought by
S-3 Investments
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
Rajamani Sowminanarayanan $504,000 Wfg Title
Ken Condos Llc -- Wfg Title
S-3 Investments -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rajamani Sowminanarayanan $378,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $504,000 +1.0% $195 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $499,000 -- $193 / 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
2024 $5,429 $202,910 -- --
2023 $5,429 $197,000 $0 $0
2022 $5,107 $191,270 $0 $0
2021 $5,021 $185,700 $0 $0
2020 $4,606 $180,300 $0 $0
2019 $4,437 $175,050 $0 $0
2018 $4,306 $169,960 $0 $0
2017 $4,127 $165,010 $0 $0
2016 $3,777 $160,210 $0 $0
2015 $3,678 $155,550 $0 $0
2014 $3,623 $151,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heidi Torkko

    Seller's Agent in 2019

    Heidi Torkko

    Real Broker

    (503) 351-9716

    67 Total Sales

    Heidi Torkko
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19432497

Regional Multiple Listing Service (RMLS)

APN: R151516

Oregon Multnomah County Portland 97203 Saint Johns

7117 N Fessenden St Unit 7121, Portland, OR

This home is located at 7117 N Fessenden St Unit 7121, Portland, OR 97203 since 11 September 2019 and is currently estimated at $684,998, approximately $264 per square foot. This property was built in 1972. 7117 N Fessenden St Unit 7121 is a home located in Multnomah County with nearby schools including James John Elementary School, George Middle School, and Roosevelt High School.

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