NOT LISTED FOR SALE

721 SE 11th Ave Hillsboro, OR 97123

Central Hillsboro Neighborhood

Estimated Value: $397,935 - $633,000

7 Beds
4 Baths
2,670 Sq Ft
$203/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $160,000 $60 Per Sq Ft

Est. 238% increase in value since last sale

Current estimated payment $3,237/month

661 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • 4-minute walk to Shute Park
  • Baseboard Heating
  • 1-Story Property

About This Home

As of August 2012

SHORT SALE. Excellent investment. please don't disturn tenants, offer subject to inspection. walk to shops, services, bus and max lines, easy to rent. 4th unit in the back may not be permitted, buyer to verify.

Last Agent to Sell the Property

Jorge Hasbun

MORE Realty License #200609217 Listed on: 10/18/2010

MORE Realty

Last Buyer's Agent

Jose Lopez, P.C..

MORE Realty License #200608065

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,881

Year Built

  • Built in 1972

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2,670 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Parking Spaces
  • Open Parking

Schools

  • David Hill Elementary School
  • South Meadows Middle School
  • Liberty High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R326551

Community Details

Building Details

  • Operating Expense $3,500
  • Gross Income $28,920
  • Net Operating Income $25,420

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,881

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1972
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: None

Exterior Features

  • Exterior Description: Brick,T111Siding
  • View: No
  • Lot Features: CornerLot, Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: David Hill
  • High School: Liberty
  • Middle Or Junior School: South Meadows

Lot Info

  • Zoning: A2
  • Parcel #: R326551

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 5.87
  • Annual Gross Income: 28920.0
  • Property Net Operating Income: 25420.0
  • Annual Operating Expense: 3500.0

Tax Info

  • Tax Annual Amount: 2881.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2012
Sold by
Vargas Maria Rodriguez
Bought by
Contreras Heladio Garcia
Current Estimated Value
$540,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,360
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2012
Sold by
Rodriguez Miguel A Gonzalez
Bought by
Vargas Maria Rodriguez

Purchase Details

Closed on
Mar 19, 2007
Sold by
Vargas Maria Rodriguez
Bought by
Rodriguez Miguel A Gonzalez and Vargas Maria Rodriguez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,200
Interest Rate
6%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 26, 2007
Sold by
Salveson Sandra R
Bought by
Vargas Maria Rodriguez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,200
Interest Rate
6%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 16, 1996
Sold by
Northwest Nazarene College
Bought by
Salveson Stephen C and Salveson Sandra R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,900
Interest Rate
7.1%
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
Contreras Heladio Garcia $160,000 Ticor Title
Vargas Maria Rodriguez -- Ticor Title Company
Rodriguez Miguel A Gonzalez -- Accommodation
Vargas Maria Rodriguez $296,000 Fidelity Natl Title Co Of Or
Salveson Stephen C $157,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Contreras Heladio Garcia $137,360
Previous Owner Vargas Maria Rodriguez $59,200
Previous Owner Vargas Maria Rodriguez $236,800
Previous Owner Salveson Stephen C $109,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2012 08/31/12 Sold $160,000 -36.0% $60 / Sq Ft
08/09/2012 08/09/12 Pending -- -- --
10/18/2010 10/18/10 For Sale $249,900 -- $94 / 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 $4,443 $271,840 -- --
2024 $4,317 $263,930 -- --
2023 $4,317 $256,250 $0 $0
2022 $4,200 $256,250 $0 $0
2021 $4,116 $241,550 $0 $0
2020 $4,027 $234,520 $0 $0
2019 $3,911 $227,690 $0 $0
2018 $3,744 $221,060 $0 $0
2017 $3,608 $214,630 $0 $0
2016 $3,509 $208,380 $0 $0
2015 $3,368 $202,320 $0 $0
2014 $3,194 $187,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jorge Hasbun

    MORE Realty

    (503) 998-1426

    2 in this area

    49 Total Sales

    Jorge Hasbun
    Section Image
  • Jose Lopez, P.C..

    Buyer's Agent in 2012

    Jose Lopez, P.C..

    MORE Realty

    (503) 200-0924

    5 in this area

    92 Total Sales

    Jose Lopez, P.C..
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 10082240

Regional Multiple Listing Service (RMLS)

APN: R0326551

Oregon Washington County Hillsboro 97123 Central Hillsboro

721 SE 11th Ave, Hillsboro, OR

This home is located at 721 SE 11th Ave, Hillsboro, OR 97123 since 18 October 2010 and is currently estimated at $540,734, approximately $202 per square foot. This property was built in 1972. 721 SE 11th Ave is a home located in Washington County with nearby schools including Witch Hazel Elementary School, South Meadows Middle School, and Hillsboro High School.

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