NOT LISTED FOR SALE

718 SE 208th Ave Unit 720 Gresham, OR 97030

North Central Neighborhood

Estimated Value: $438,000 - $465,577

4 Beds
2 Baths
2,072 Sq Ft
$218/Sq Ft Est. Value

Last Sold July 24, 2023

Last sale price $427,000 $206 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,779/month

8 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Level Lot
  • 1-Story Property
  • Baseboard Heating

About This Home

As of July 2023

Affordable duplex in SE Gresham!! 2 bedrooms, 1 bath each unit. Fireplaces in living rooms, small backyard, newer roof. Minutes to shopping, bus line and hospital.

Last Agent to Sell the Property

Sharlene Giard

RE/MAX Advantage Group License #800200433 Listed on: 06/16/2023

RE/MAX Advantage Group

Last Buyer's Agent

David Walters

Premiere Property Group, LLC License #201227238

Premiere Property Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,226

Year Built

  • Built in 1971

Lot Details

  • Level Lot

Parking

  • 4 Car Garage
  • Carport

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,072 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • North Gresham Elementary School
  • Clear Creek Middle School
  • Gresham High School

Utilities

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

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R207652

Community Details

Overview

  • 2 Units
  • Se Gresham Subdivision

Building Details

  • Operating Expense $7,041
  • Gross Income $23,400
  • Net Operating Income $16,359

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,226

Year Built

Built in 1971

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1971
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Current Price For Status: 427000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

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

Schools

  • Elementary School: North Gresham
  • High School: Gresham
  • Middle Or Junior School: Clear Creek

Lot Info

  • Zoning: MDR12
  • Parcel #: R207652

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4226.37

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 19.23
  • Annual Gross Income: 23400.0
  • Property Net Operating Income: 16359.0
  • Annual Operating Expense: 7041.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Jul 20, 2023
Sold by
Libonati Living Trust
Bought by
Ochoa Jose Manuel Laine and Lainez Kendall C
Seller's Agent
Sharlene Giard
RE/MAX Advantage Group
Buyer's Agent
David Walters
Premiere Property Group, LLC
List Price
$449,900
Sold Price
$427,000
Premium/Discount to List
-$22,900
-5.09%
Views
49
Current Estimated Value
$451,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,144
Avg. Annual Appreciation
2.28%
Original Mortgage
$320,250
Outstanding Balance
$312,175
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$138,969
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ochoa Jose Manuel Laine $427,000 Wfg Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ochoa Jose Manuel Laine $320,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2023 07/24/23 Sold $427,000 -5.1% $206 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $449,900 -- $217 / 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 $4,985 $244,980 -- --
2024 $4,772 $237,850 -- --
2023 $4,348 $230,930 $0 $0
2022 $4,226 $224,210 $0 $0
2021 $4,120 $217,680 $0 $0
2020 $3,876 $211,340 $0 $0
2019 $3,775 $205,190 $0 $0
2018 $3,599 $199,220 $0 $0
2017 $3,453 $193,420 $0 $0
2016 $3,045 $187,790 $0 $0
2015 $2,979 $182,330 $0 $0
2014 $2,848 $177,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sharlene Giard

    Seller's Agent in 2023

    Sharlene Giard

    RE/MAX

    (503) 860-7264

    1 in this area

    38 Total Sales

    Sharlene Giard
    Section Image

  • D

    Buyer's Agent in 2023

    David Walters

    Premiere Property Group, LLC

    (503) 481-4777

    3 in this area

    64 Total Sales

    David Walters
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23488973

Regional Multiple Listing Service (RMLS)

APN: R207652

Oregon Multnomah County Gresham 97030 North Central

718 SE 208th Ave Unit 720, Gresham, OR

Not Listed for Sale

MultiFamily

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