NOT LISTED FOR SALE

7315 SE Terrace Trails Dr Portland, OR 97266

Lents Neighborhood

Estimated Value: $503,759 - $543,000

4 Beds
4 Baths
1,792 Sq Ft
$291/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $400,000 $223 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,369/month

2 Days on Market

Highlights

  • Corner Lot
  • Parking Storage or Cabinetry
  • Level Lot
  • Views
  • Garage

About This Home

As of September 2018

Excellent investment property in a great neighborhood! Very well maintained with great occupants. The rents are about one hundred dollars below the upper end of the market for these units. Very close to mass transit (Mt. Scott blvd#19 or Foster#10 & #73 buses)and great wildlife/natural areas like the new Foster Floodplain and Brookside Wetlands Natural areas and Beggars Tick Wildlife area. A great preforming duplex with low expenses.

Last Agent to Sell the Property

Chris Gordon

Gordon Properties License #990100174 Listed on: 07/14/2018

Last Buyer's Agent

John Loew

Knipe Realty ERA Powered License #200307060

Knipe Realty ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,145

Year Built

  • Built in 1998

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Washer and Dryer Hookup
  • Property Views

Kitchen

  • Range
  • Dishwasher

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • Property managed by Gordon Properties Inc.

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,145

Year Built

Built in 1998

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1792
  • Stories: 2
  • Year Built: 1998
  • Property Condition: Existing
  • Remarks Public: Excellent investment property in a great neighborhood! Very well maintained with great occupants. The rents are about one hundred dollars below the upper end of the market for these units. Very close to mass transit (Mt. Scott blvd#19 or Foster#10 & #73 buses)and great wildlife/natural areas like the new Foster Floodplain and Brookside Wetlands Natural areas and Beggars Tick Wildlife area. A great preforming duplex with low expenses.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TERRACE TRAILS, LOT 1
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • View: City, Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Garage Door Opener, Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Management Name: Gordon Properties Inc.
  • Management Phone: 503-253-5455
  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Gilbert Park
  • Middle School: Alice Ott
  • High School: David Douglas

Lot Info

  • Lot Description: Corner Lot, Level, Gentle Sloping
  • Zoning: R7

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 4847.88
  • Assessor Parcel Number: R284968
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.56

MLS Schools

  • Elementary School: Gilbert Park
  • High School: David Douglas
  • Middle School: Alice Ott

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2018
Closed on
Sep 5, 2018
Sold by
Ables Mary Constance
Bought by
Matveyev Edward V and Matveyev Alina
Seller's Agent
Chris Gordon
Gordon Properties
Buyer's Agent
John Loew
Knipe Realty ERA Powered
List Price
$399,999
Sold Price
$400,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$521,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,190
Avg. Annual Appreciation
3.81%
Original Mortgage
$380,000
Outstanding Balance
$331,413
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$189,777

Purchase Details

Closed on
Oct 31, 2017
Sold by
Ables Mary C
Bought by
Ables Mary Constance and Mary Constance Ables Revocable Trust

Purchase Details

Closed on
Oct 31, 2002
Sold by
Gordon James L
Bought by
Ables Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2002
Sold by
Tindall Ronald V
Bought by
Gordon James L and Gordon Susanne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 21, 1997
Sold by
Cypress Ventures Inc
Bought by
Tindall Construction Inc
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
Matveyev Edward V $400,000 Ticor Title
Ables Mary Constance -- None Available
Ables Mary C $245,000 Ticor Title
Gordon James L $215,000 Ticor Title
Tindall Construction Inc $45,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matveyev Edward V $380,000
Previous Owner Ables Mary C $187,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2018 09/17/18 Sold $400,000 0.0% $223 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
07/14/2018 07/14/18 For Sale $399,999 -- $223 / 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 $7,145 $308,560 -- --
2023 $7,041 $299,580 $0 $0
2022 $6,674 $290,860 $0 $0
2021 $6,120 $282,390 $0 $0
2020 $5,633 $274,170 $0 $0
2019 $5,713 $266,190 $0 $0
2018 $5,437 $258,440 $0 $0
2017 $4,848 $250,920 $0 $0
2016 $4,579 $243,620 $0 $0
2015 $4,023 $236,530 $0 $0
2014 $3,927 $229,930 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Gordon

    Seller's Agent in 2018

    Chris Gordon

    Gordon Properties

    (503) 341-0384

    2 in this area

    16 Total Sales

    Chris Gordon
    Section Image
  • John Loew

    Buyer's Agent in 2018

    John Loew

    Knipe Realty ERA Powered

    (503) 913-3688

    1 in this area

    45 Total Sales

    John Loew
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18032634

Regional Multiple Listing Service (RMLS)

APN: R284968

Oregon Multnomah County Portland 97266 Lents

7315 SE Terrace Trails Dr, Portland, OR

This home is located at 7315 SE Terrace Trails Dr, Portland, OR 97266 since 14 July 2018 and is currently estimated at $521,190, approximately $290 per square foot. This property was built in 1998. 7315 SE Terrace Trails Dr is a home located in Multnomah County with nearby schools including Gilbert Park Elementary School, Alice Ott Middle School, and David Douglas High School.

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