NOT LISTED FOR SALE

7304 SE 62nd Ave Unit 7314 Portland, OR 97206

Brentwood-Darlington Neighborhood

Estimated Value: $683,579 - $954,000

6 Beds
4 Baths
3,500 Sq Ft
$228/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $913,250 $261 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $4,846/month

81 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of August 2023

Professionally managed and fully leased, this courtyard style property offers proven rentability with ample parking, on-site laundry and private fenced patios. All units have been recently updated to maximize space and livability. Located just a few blocks from Brentwood Park and Brentwood Community Gardens and less than two miles from the shopping and amenities of Woodstock (Safeway, New Seasons, etc.). This property offers both stabilized performance and upside potential.

Last Agent to Sell the Property

Matt Lesher

Corcoran Prime License #200107170 Listed on: 04/06/2023

Co-Listed By

Sarah Burns

Corcoran Prime License #200705214

Last Buyer's Agent

William Grippo

Windermere Realty Trust License #920800164

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,857

Year Built

  • Built in 1942

Lot Details

  • Corner Lot

Parking

  • Open Parking

Home Design

  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,500 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Woodmere Elementary School
  • Lane Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R120757

Community Details

Overview

  • 4 Units
  • Brentwood Darlington Subdivision
  • Property managed by SYLO Property Management

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $32,466
  • Gross Income $77,364
  • Net Operating Income $44,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,857

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1942
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: SYLO Property Management
  • Management Phone: 971-347-3166
  • Community Features: Laundry

Schools

  • Elementary School: Woodmere
  • High School: Franklin
  • Middle Or Junior School: Lane

Lot Info

  • Zoning: R5
  • Parcel #: R120757

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 8857.14

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.86
  • Annual Gross Income: 77364.0
  • Property Net Operating Income: 44898.0
  • Annual Operating Expense: 32466.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Jul 27, 2023
Sold by
Hms-Pdx Holding Llc
Bought by
Goddyn Peter Theodore
Seller's Agent
Matt Lesher
Corcoran Prime
Buyer's Agent
William Grippo
Windermere Realty Trust
List Price
$995,000
Sold Price
$913,250
Premium/Discount to List
-$81,750
-8.22%
Views
79
Current Estimated Value
$741,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,189
Avg. Annual Appreciation
-6.58%
Original Mortgage
$684,937
Outstanding Balance
$672,302
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$124,093

Purchase Details

Listed on
Mar 7, 2019
Closed on
Jun 21, 2019
Sold by
Lu Carmen S
Bought by
Hms Pdx Holding Llc
Seller's Agent
Jordan Matin
Matin Real Estate
Buyer's Agent
Matt Lesher
Corcoran Prime
List Price
$575,000
Sold Price
$490,000
Premium/Discount to List
-$85,000
-14.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.31%

Purchase Details

Closed on
Jun 26, 2006
Sold by
Mallos Joanne M
Bought by
Lu Carmen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2003
Sold by
Norris Sharon L
Bought by
Mallos Joanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 1999
Sold by
Jorgenson Thomas L and Jorgenson Barbara J
Bought by
Miller Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.97%
Mortgage Type
Seller Take Back
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
Goddyn Peter Theodore $913,250 Wfg Title
Hms Pdx Holding Llc $490,000 Lawyers Title
Lu Carmen S $316,400 Fidelity Natl Title Co Of Or
Mallos Joanne M $205,000 First American
Miller Richard L $175,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goddyn Peter Theodore $684,937
Previous Owner Hms Pdx Holding Llc $511,000
Previous Owner Lu Carmen S $252,500
Previous Owner Lu Carmen $28,900
Previous Owner Mallos Joanne M $164,000
Previous Owner Miller Richard L $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2023 08/02/23 Sold $913,250 -8.2% $261 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $995,000 +103.1% $284 / Sq Ft
06/21/2019 06/21/19 Sold $490,000 -2.0% $188 / Sq Ft
06/02/2019 06/02/19 Pending -- -- --
05/07/2019 05/07/19 Price Changed $500,000 -13.0% $192 / Sq Ft
05/02/2019 05/02/19 For Sale $575,000 0.0% $221 / Sq Ft
04/23/2019 04/23/19 Price Changed $575,000 -8.0% $221 / Sq Ft
04/15/2019 04/15/19 For Sale $625,000 0.0% $240 / Sq Ft
04/07/2019 04/07/19 Pending -- -- --
04/01/2019 04/01/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $625,000 -- $240 / 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 $9,053 $341,650 $0 $0
2022 $8,857 $331,700 $0 $0
2021 $8,707 $322,039 $0 $0
2020 $6,185 $242,100 $0 $0
2019 $5,958 $235,050 $0 $0
2018 $5,782 $228,210 $0 $0
2017 $5,542 $221,570 $0 $0
2016 $5,072 $215,120 $0 $0
2015 $4,931 $208,860 $0 $0
2014 $4,748 $202,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt Lesher

    Seller's Agent in 2023

    Matt Lesher

    Corcoran Prime

    (503) 703-6979

    2 in this area

    71 Total Sales

    Section Image
  • Sarah Burns

    Seller Co-Listing Agent in 2023

    Sarah Burns

    Corcoran Prime

    (503) 680-8579

    2 in this area

    104 Total Sales

    Section Image
  • William Grippo

    Buyer's Agent in 2023

    William Grippo

    Windermere Realty Trust

    (503) 497-5249

    1 in this area

    97 Total Sales

    Section Image
  • Jordan Matin

    Seller's Agent in 2019

    Jordan Matin

    Matin Real Estate

    (503) 447-3599

    9 in this area

    852 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23527375

Regional Multiple Listing Service (RMLS)

APN: R120757

Oregon Multnomah County Portland 97206 Brentwood-Darlington

7304 SE 62nd Ave Unit 7314, Portland, OR

This home is located at 7304 SE 62nd Ave Unit 7314, Portland, OR 97206 since 06 April 2023 and is currently estimated at $796,395, approximately $227 per square foot. This property was built in 1942. 7304 SE 62nd Ave Unit 7314 is a home located in Multnomah County with nearby schools including Whitman Elementary School, Lane Middle School, and Franklin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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