NOT LISTED FOR SALE

7502 N Williams Ave Portland, OR 97217

Piedmont Neighborhood

Estimated Value: $541,000 - $585,000

4 Beds
2 Baths
2,378 Sq Ft
$240/Sq Ft Est. Value

Last Sold March 10, 2017

Last sale price $425,000 $179 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,528/month

164 Days on Market

Highlights

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

About This Home

As of March 2017

Price Reduced 25K!!! Desirable Duplex. Call Today!! Early 2000's Construction In Excellent Condition. Two Car Attached Garage With Low Maintenance Landscaping. Great Investment Property or Move Into One Side and Rent Out Other Half of Duplex. Property May Be Eligible For FHA 3.5% Down Payment Owner Occupied. Newer Construction Low Maintance and Cost of Ownership. DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Morgan Braze

Kelly Right Real Estate of Portland, LLC License #201210347 Listed on: 08/20/2016

Kelly Right Real Estate of Portland, LLC

Last Buyer's Agent

Ernest Cooper

Cooper Realty LLC License #990700153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,268

Year Built

  • Built in 2003

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Attached Garage
  • Parking Storage or Cabinetry

Home Design

  • Vinyl Siding

Kitchen

  • Range
  • Dishwasher
  • Disposal

Additional Features

  • 2-Story Property
  • Electric Water Heater
  • Property Views

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,268

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2378
  • Stories: 2
  • Year Built: 2003
  • Year Built Description: Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: LOVELEIGH, BLOCK 17, W 46' OF LOT 10&11
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition
  • View: City, Territorial
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Utilities Included: Trash Collection, Sewer, Water

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Refrigerator

Schools

  • School High2: Roosevelt

Lot Info

  • Lot Description: Corner, Level
  • Zoning: R2

Tax Info

  • Tax Amount: 4204.59
  • Assessor Parcel Number: R517242

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.20

MLS Schools

  • Elementary School: Woodlawn
  • High School: Jefferson
  • Middle School: Woodlawn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2016
Closed on
Mar 13, 2017
Sold by
Mallory Jeffery M and Thorstad Ryan T
Bought by
Knobs & Plates Acres Llc
Seller's Agent
Morgan Braze
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Ernest Cooper
Cooper Realty LLC
List Price
$449,900
Sold Price
$425,000
Premium/Discount to List
-$24,900
-5.53%
Current Estimated Value
$570,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,848
Avg. Annual Appreciation
3.44%
Original Mortgage
$225,000
Outstanding Balance
$186,239
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$384,609

Purchase Details

Listed on
Aug 20, 2016
Closed on
Mar 7, 2017
Sold by
Reed Roland
Bought by
Thorstad Ryan T and Mallory Jeffrey M
Seller's Agent
Morgan Braze
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Ernest Cooper
Cooper Realty LLC
List Price
$449,900
Sold Price
$425,000
Premium/Discount to List
-$24,900
-5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$186,239
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$384,609

Purchase Details

Closed on
Dec 22, 2009
Sold by
Araujo Jaime
Bought by
Reed Roland

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,012
Interest Rate
4.78%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2003
Sold by
Martin Lorne A
Bought by
Araujo Jaime and Araujo Tonja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
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
Knobs & Plates Acres Llc -- None Available
Thorstad Ryan T $425,000 Wfg Title
Reed Roland $192,500 First American
Araujo Jaime $170,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thorstad Ryan T $225,000
Previous Owner Reed Roland $189,012
Previous Owner Araujo Jaime $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2017 03/10/17 Sold $425,000 -5.5% $179 / Sq Ft
01/31/2017 01/31/17 Pending -- -- --
08/20/2016 08/20/16 For Sale $449,900 -- $189 / 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 $6,268 $232,630 -- --
2024 $6,043 $225,860 -- --
2023 $5,811 $219,290 $0 $0
2022 $5,685 $212,910 $0 $0
2021 $5,589 $206,710 $0 $0
2020 $5,127 $200,690 $0 $0
2019 $4,939 $194,850 $0 $0
2018 $4,793 $189,180 $0 $0
2017 $4,594 $183,670 $0 $0
2016 $4,205 $178,330 $0 $0
2015 $4,094 $173,140 $0 $0
2014 $3,974 $168,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Morgan Braze

    Seller's Agent in 2017

    Morgan Braze

    Kelly Right Real Estate of Portland, LLC

    (541) 760-7200

    32 Total Sales

    Morgan Braze
    Section Image
  • Ernest Cooper

    Buyer's Agent in 2017

    Ernest Cooper

    Cooper Realty LLC

    (503) 515-8426

    2 in this area

    104 Total Sales

    Ernest Cooper
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16556467

Regional Multiple Listing Service (RMLS)

APN: R517242

Oregon Multnomah County Portland 97211 Piedmont

7502 N Williams Ave, Portland, OR

Not Listed for Sale

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