NOT LISTED FOR SALE

7142 SE Steele St Portland, OR 97206

Mount Scott-Arleta Neighborhood

Estimated Value: $572,000 - $759,000

2 Beds
2 Baths
2,360 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 13, 2018

Last sale price $579,900 $246 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,967/month

3 Days on Market

Highlights

  • Deck
  • Arleta Elementary School Rated 9+
  • Corner Lot

About This Home

As of June 2018

Excellent Investment Opportunity that won't last! A Fantastic location in Mt Scott-Arleta Neighborhood with a Walk Score of 86! Mt Scott Community Center, Food Carts, Bus line, Sports Bars and more! Recently renovated unit rents for $1,100 per month. Zoning allows for construction of an additional unit for even greater value! Upside in Rents!

Last Agent to Sell the Property

Tim Shannon

Tim Shannon Realty, Inc. License #890800048 Listed on: 05/04/2018

Last Buyer's Agent

Richard Wold

Reger Homes, LLC License #200605254

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,585

Year Built

  • Built in 2001

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Crawl Space

Additional Features

  • Deck
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,585

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Stories: 2
  • Year Built: 2001
  • Property Condition: Approximately
  • Remarks Public: Excellent Investment Opportunity that won't last! A Fantastic location in Mt Scott-Arleta Neighborhood with a Walk Score of 86! Mt Scott Community Center, Food Carts, Bus line, Sports Bars and more! Recently renovated unit rents for $1,100 per month. Zoning allows for construction of an additional unit for even greater value! Upside in Rents!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: NASHS 1ST ADD, BLOCK 6, LOT 1&2, N 1/2 OF LOT 3
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: T-111 Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Condo/Co-op/Association

  • Unit Features: Deck

Schools

  • Elementary School: Arleta
  • Middle School: Arleta
  • High School: Franklin

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: R1

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 4245.74
  • Assessor Parcel Number: R224737
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.72

MLS Schools

  • Elementary School: Arleta
  • High School: Franklin
  • Middle School: Arleta

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2018
Closed on
Jun 6, 2018
Sold by
Perkins Dennis E
Bought by
Harris Seth W and Le Davie
Seller's Agent
Tim Shannon
Tim Shannon Realty, Inc.
Buyer's Agent
Richard Wold
Reger Homes, LLC
List Price
$579,900
Sold Price
$579,900
Current Estimated Value
$660,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,587
Avg. Annual Appreciation
1.79%
Original Mortgage
$434,925
Outstanding Balance
$376,137
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$284,350

Purchase Details

Closed on
Feb 29, 2000
Sold by
Mt Scott Investment Co Llc
Bought by
Perkins Dennis E

Purchase Details

Closed on
Apr 15, 1997
Sold by
Kremers Franklyn L and Kremers Joseph A
Bought by
Mt Scott Investment Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,900
Interest Rate
7.86%
Mortgage Type
Seller Take Back
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
Harris Seth W $579,900 Wfg Title
Perkins Dennis E $56,000 --
Mt Scott Investment Co Llc $36,900 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Seth W $434,925
Previous Owner Mt Scott Investment Co Llc $36,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2018 06/13/18 Sold $579,900 0.0% $246 / Sq Ft
05/07/2018 05/07/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $579,900 -- $246 / 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 $5,585 $208,730 -- --
2023 $5,370 $202,660 $0 $0
2022 $5,254 $196,760 $0 $0
2021 $5,165 $191,030 $0 $0
2020 $4,738 $185,470 $0 $0
2019 $4,564 $180,070 $0 $0
2018 $4,430 $174,830 $0 $0
2017 $4,246 $169,740 $0 $0
2016 $3,886 $164,800 $0 $0
2015 $3,784 $160,000 $0 $0
2014 $3,726 $155,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tim Shannon

    Tim Shannon Realty, Inc.

    (503) 309-4106

    1 in this area

    128 Total Sales

    Tim Shannon
    Section Image
  • Richard Wold

    Buyer's Agent in 2018

    Richard Wold

    Reger Homes, LLC

    (503) 545-0299

    158 Total Sales

    Richard Wold
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18417155

Regional Multiple Listing Service (RMLS)

APN: R224737

Oregon Multnomah County Portland 97206 Mount Scott-Arleta

7142 SE Steele St, Portland, OR

This home is located at 7142 SE Steele St, Portland, OR 97206 since 04 May 2018 and is currently estimated at $660,487, approximately $279 per square foot. This property was built in 2001. 7142 SE Steele St is a home located in Multnomah County with nearby schools including Arleta Elementary School, Franklin High School, and Sunstone Montessori School.

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