$945,000
SOLD SEP 19, 2024
-- Bed
-- Bath
4,806 Sq Ft
0.33 Acres

Recently Sold

$197 Per Sq Ft

27% Below List Price

98 Days on Market

Highlights

  • 0.33 Acre Lot
  • Mountain View
  • 5 Car Attached Garage
  • Glencoe Elementary School Rated A-
  • Private Lot
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of September 2024

Mid Century Flair in sought after Mt Tabor neighborhood!All homes have two car tandem garages. The front unit 7150-A has two additional storage rooms behind the garage. This home and the 7140- A have territorial views and Mt St Helens. New composite roof in 2021. Excellent location, twelve minutes to the Portland airport, close to restaurants and shops with all the local charm of Mt Tabor! Add to your investment portfolio or use vacant unit as owner occupied and you have four tenant occupied units for rental income. Included in the sale,tax ids: R169060-multifamily,R169061-land parcel. Please do not disturb tenants, thank you. Tenants are all month to month.

Last Agent to Sell the Property

Carolyn Hoty

Keller Williams Realty Professionals License #200604179 Listed on: 02/29/2024

Keller Williams Realty Professionals

Last Buyer's Agent

Susan Lundin

Premiere Property Group, LLC License #200802078

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,455

Year Built

  • Built in 1969

Lot Details

  • 0.33 Acre Lot
  • Private Lot
  • Level Lot

Parking

  • 5 Car Attached Garage

Property Views

  • Mountain
  • Territorial

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,806 Sq Ft Home
  • 1-Story Property

Partially Finished Basement

  • Exterior Basement Entry
  • Basement Storage

Schools

  • Glencoe Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R169060

Community Details

Overview

  • 5 Units
  • Mt Tabor Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $21,355
  • Gross Income $61,644
  • Net Operating Income $40,289

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,455

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1969
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, PartiallyFinished, StorageSpace
  • Storage: Attached,Garage
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, Private, Sloped
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Mountain,Territorial

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Garage Spaces: 5.0
  • Total Parking Spaces: 10.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: Baseboard, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Commons

Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: RM1, R5
  • Lot Size Acres: 0.33
  • Lot Size Sq Ft: 14374.0
  • Parcel #: R169060
  • Assessor Parcel Number 2: R169061

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 15454.83

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 15.82
  • Annual Gross Income: 61644.0
  • Property Net Operating Income: 40289.0
  • Annual Operating Expense: 21355.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
Sep 19, 2024
Sold by
Duane L And Patricia A Berreth Revocable and Gould John B
Bought by
Jane Lundin Living Trust and Lundin
Seller's Agent
Carolyn Hoty
Keller Williams Realty Professionals
Buyer's Agent
Susan Lundin
Premiere Property Group, LLC
List Price
$1,295,900
Sold Price
$945,000
Premium/Discount to List
-$350,900
-27.08%
Total Days on Market
98
Views
69
Current Estimated Value
$1,018,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,690
Avg. Annual Appreciation
11.32%
Original Mortgage
$472,500
Outstanding Balance
$455,409
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$563,281

Purchase Details

Closed on
Jun 21, 2017
Sold by
Berreth Patricia A
Bought by
Berreth Patricia A and Duane L & Patricia A Berreth Revocable L
Source: Public Records

Similar Homes in Portland, OR

  • 900 NE 91st Ave, Portland, OR 97220

    $825,000

    • 8 Beds
    • 7 Baths
    • 1,600 Sq Ft
    • 900 NE 91st Ave
    • Portland, OR

    Triplex with 6.18% Cap Rate. Current loan on the property is assumable at well below market rate. Call listing broker for more details. Great investment opportunity in Montavilla neighborhood of NE Portland. 3 addresses on 1 tax lot. Front house will roll into a month to month lease starting 6/27/2025 without a rent increase. This may open opportunities for a owner occupied unit and keep the

    J.P. Praisler MORE Realty

    Section Image
  • 2309 SE 90th Ave, Portland, OR 97216

    $1,068,900

    • 8 Beds
    • 7 Baths
    • 2309 SE 90th Ave
    • Portland, OR

    CASH FLOWING INVESTMENT. Turnkey 4-Unit Investment Opportunity – Cash Flow from Day One!Calling all investors! This fully occupied, income-producing property features a triplex + a standalone SFH all on one tax lot — a rare find in today’s market. Run the numbers:Estimated monthly mortgage: $6,838 (based on 20% down, 7% interest, 30-year fixed).That’s positive cash flow from day one, with room

    Risa Davis eXp Realty, LLC

    Section Image
  • 8413 SE Insley St, Portland, OR 97266

    $949,999

    • 8 Beds
    • 5 Baths
    • 8413 SE Insley St
    • Portland, OR

    Wow 3 detached homes on a 9487 sq ft lot (same tax lot)! Check out what this property has to offer. Newer roof on 3 Homes. Two of the homes are 3 bedrooms, 1.5 bathroom offering spacious family room with open concept kitchen. One home (8413) is a three level home with 2 bedrooms, a full bathroom, and a finished basement with 2 bonus rooms. Secured parking space. Convenient location with public

    Jin Zhao Kelly Right Real Estate of Portland, LLC

    Section Image
  • 5620 NE Killingsworth St, Portland, OR 97218

    $829,000

    • 8 Beds
    • 6 Baths
    • 3,127 Sq Ft
    • 5620 NE Killingsworth St
    • Portland, OR

    Great opportunity to own a close-in triplex with long-term rental history. Three townhome style units, each with its own front porch and back patio, fireplace, and storage. Residents share an on-site laundry room, and the large backyard. Newer roof, ample off-street parking (9 spaces total), and on a bus line. All units are occupied - interior photos were taken before listing, in between rental

    Erin Livengood Where Real Estate Collaborative

    Section Image
  • 3412 SW 13th Ave, Portland, OR 97239

    $879,000

    • 8 Beds
    • 6 Baths
    • 4,781 Sq Ft
    • 3412 SW 13th Ave
    • Portland, OR

    Prime Location in the Heart of Portland’s SW Hills — This stunning home offers top-tier schools and exceptional flexibility, perfect for multigenerational living, a home office, Airbnb potential, or an in-law/nanny suite. Situated on a low-maintenance lot surrounded by trees and territorial views. The main part of the house features six bedrooms, four full bathrooms, a bonus room, a family room

    Zachary Eaton Keller Williams Realty Professionals

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $945,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $472,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold $945,000 -3.1% $197 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/30/2024 05/30/24 Price Changed $975,000 -8.9% $203 / Sq Ft
05/02/2024 05/02/24 Price Changed $1,070,000 -17.4% $223 / Sq Ft
03/01/2024 03/01/24 For Sale $1,295,900 -- $270 / 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 $15,455 $583,230 $0 $0
2022 $15,120 $566,250 $0 $0
2021 $14,864 $549,760 $0 $0
2020 $13,636 $533,750 $0 $0
2019 $13,134 $518,210 $0 $0
2018 $12,748 $503,120 $0 $0
2017 $12,218 $488,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24178938

Regional Multiple Listing Service (RMLS)

APN: R169060