NOT LISTED FOR SALE

7405 NE Prescott St Portland, OR 97218

Cully Neighborhood

Estimated Value: $610,000 - $743,000

-- Bed
1 Bath
2,705 Sq Ft
$257/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $560,500 $207 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,470/month

8 Days on Market

Highlights

  • View of Trees or Woods
  • 3 Car Garage
  • 95% Forced Air Heating System
  • Corner Lot
  • Landscaped with Trees
  • 5-minute walk to Sacajawea Park

About This Home

As of March 2018

Two homes on 1 oversized, corner lot in hip Cully neighborhood! Convenient to airport, freeways & local cafes. Main home consists of 2BR, 1BA w/ oak floors, fireplace, vintage leaded glass windows, interlocking aluminum roof, newer 95+ gas furnace & full basement & fireplace. 2BDR, 1BA quaint carriage house w/ coffered ceilings. Two separate garages accommodates 3+ cars. Great fit for owner occupy! Listing agents are related to seller.

Last Agent to Sell the Property

Sally Olsson

Real Broker License #201208765 Listed on: 02/13/2018

Real Broker

Co-Listed By

Don Olsson

Premiere Property Group, LLC License #790900193

Last Buyer's Agent

Chris Dawkins

Keller Williams PDX Central License #200604236

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,637

Year Built

  • Built in 1941

Lot Details

  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • 3 Car Garage
  • Controlled Entrance

Home Design

  • Composition Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • 2,705 Sq Ft Home
  • 2-Story Property
  • Views of Woods

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Scott Middle School
  • Madison High School

Utilities

  • No Cooling
  • 95% Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R589755

Community Details

Overview

  • 2 Units
  • Cully Subdivision

Building Details

  • Operating Expense $9,364
  • Gross Income $35,690
  • Net Operating Income $26,326

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,637

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1941
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, StorageSpace, Unfinished
  • Storage: Basement,Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Cedar,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: Yes
  • Lot Features: CornerLot, Level, Trees
  • Disclosures: Disclosure
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Parking Description: Attached, Detached
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Security: Entry, Sidewalk
  • Cooling Y N: No
  • Heating: ForcedAir95Plus
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • High School: Madison
  • Middle Or Junior School: Scott

Lot Info

  • Zoning: R7
  • Parcel #: R589755

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.11
  • Annual Gross Income: 35690.0
  • Property Net Operating Income: 26326.0
  • Annual Operating Expense: 9364.0

Tax Info

  • Tax Annual Amount: 5636.98

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2020
Sold by
Singer Wayne L and Singer Kaya W
Bought by
Jackson Robin A
Current Estimated Value
$696,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,800
Outstanding Balance
$513,062
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$183,381

Purchase Details

Listed on
Feb 13, 2018
Closed on
Mar 28, 2018
Sold by
Olsson Nancy Marie
Bought by
Jackson Robin A and Singer Wayne L
Seller's Agent
Sally Olsson
Real Broker
Buyer's Agent
Chris Dawkins
Keller Williams PDX Central
List Price
$575,000
Sold Price
$560,500
Premium/Discount to List
-$14,500
-2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%
Original Mortgage
$476,425
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2011
Sold by
Olsson Donald and Olsson Nancy
Bought by
Mossbarger Anne M and Olsson Nancy Marie

Purchase Details

Closed on
Jan 11, 2007
Sold by
Olsson Donald and Olsson Nancy
Bought by
Flury Christopher A

Purchase Details

Closed on
Jul 7, 2005
Sold by
Dno Four Llc
Bought by
Olsson Donald and Olsson Nancy

Purchase Details

Closed on
Mar 29, 2005
Sold by
Olsson Donald
Bought by
Dno Four Llc

Purchase Details

Closed on
Jan 20, 2005
Sold by
Filker Douglas S
Bought by
Olsson Don and Olsson Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2005
Sold by
Filker Douglas S and Filker Timothy L
Bought by
Filker Douglas S and Filker Cheryl D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Jackson Robin A -- First American
Jackson Robin A $560,500 First American Title
Mossbarger Anne M $300,000 First American
Flury Christopher A $125,000 First American Title Insuran
Olsson Donald -- --
Olsson Donald -- --
Dno Four Llc -- --
Olsson Don $280,000 First American Title Insuran
Filker Douglas S -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Robin A $578,800
Previous Owner Jackson Robin A $562,500
Previous Owner Jackson Robin A $60,000
Previous Owner Jackson Robin A $476,425
Previous Owner Olsson Donald $226,870
Previous Owner Olsson Donald $230,000
Previous Owner Olsson Don $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $560,500 -2.5% $207 / Sq Ft
02/21/2018 02/21/18 Pending -- -- --
02/13/2018 02/13/18 For Sale $575,000 -- $213 / 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 $8,179 $305,710 -- --
2023 $7,865 $296,810 $0 $0
2022 $7,695 $288,160 $0 $0
2021 $6,858 $253,630 $0 $0
2020 $6,291 $246,250 $0 $0
2019 $6,060 $239,080 $0 $0
2018 $5,882 $232,120 $0 $0
2017 $5,637 $225,360 $0 $0
2016 $5,159 $218,800 $0 $0
2015 $5,023 $212,430 $0 $0
2014 $4,948 $206,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sally Olsson

    Seller's Agent in 2018

    Sally Olsson

    Real Broker

    (503) 679-7980

    77 Total Sales

    Sally Olsson
    Section Image

  • D

    Seller Co-Listing Agent in 2018

    Don Olsson

    Premiere Property Group, LLC

  • Chris Dawkins

    Buyer's Agent in 2018

    Chris Dawkins

    Keller Williams PDX Central

    (503) 444-9039

    3 in this area

    111 Total Sales

    Chris Dawkins
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18012696

Regional Multiple Listing Service (RMLS)

APN: R589755

Oregon Multnomah County Portland 97218 Cully

7405 NE Prescott St, Portland, OR

This home is located at 7405 NE Prescott St, Portland, OR 97218 since 13 February 2018 and is currently estimated at $696,443, approximately $257 per square foot. This property was built in 1941. 7405 NE Prescott St is a home located in Multnomah County with nearby schools including Scott Elementary School, Roseway Heights School, and Leodis V. McDaniel 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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