NOT LISTED FOR SALE

Estimated Value: $660,330 - $780,000

6 Beds
6 Baths
3,120 Sq Ft
$238/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $545,000 $175 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,822/month

8 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Property is near a bus stop
  • Peninsula Elementary School Rated 9+

About This Home

As of June 2019

Hard to find triplex in N Portland, blt in 1998 so all systems newer. Great rental or owner occup. Tenants pay their own water/sewer! 2 driveways, corner lot, close to bus/light rail/shopping. Low maint. yard. but room for fencing to give privacy. All units have outside storage area, w&d hookups, stove, fridges, dw, disposals. rents are going up on 2 units to $1264 on 8/1. Offers subject to inspec. Please do not disturb tenants

Last Agent to Sell the Property

Tom Allen

Northwest Realty Source License #930200318 Listed on: 04/29/2019

Last Buyer's Agent

Stephen Weber

John L. Scott Portland Central License #850200014

John L. Scott Portland Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,716

Year Built

  • Built in 1998

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Paved Parking
  • Open Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Storage
  • Washer and Dryer Hookup
  • Crawl Space

Kitchen

  • Range
  • Dishwasher
  • Disposal

Additional Features

  • Property is near a bus stop
  • Electric Water Heater

Community Details

  • 3 Units
  • Property managed by Do not bother tenants

Listing and Financial Details

  • Rent includes trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,716

Year Built

Built in 1998

Lot Details

0

Parking

3

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3120
  • Stories: 2
  • Year Built: 1998
  • Property Condition: Existing
  • Remarks Public: Hard to find triplex in N Portland, blt in 1998 so all systems newer. Great rental or owner occup. Tenants pay their own water/sewer! 2 driveways, corner lot, close to bus/light rail/shopping. Low maint. yard. but room for fencing to give privacy. All units have outside storage area, w&d hookups, stove, fridges, dw, disposals. rents are going up on 2 units to $1264 on 8/1. Offers subject to inspec. Please do not disturb tenants
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ORCHARD PL, BLOCK 1, LOT 23, LOT 24 EXC PT IN ST
  • Basement: Crawl Space
  • Storage: Individual Storage Units

Exterior Features

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

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Radiant

Condo/Co-op/Association

  • Management Name: Do not bother tenants
  • Unit Features: Dishwasher, Disposal, Range, Refrigerator, Storage, Washer/Dryer Hookup, Window Coverings

Schools

  • Elementary School: Peninsula
  • Middle School: Ockley Green
  • High School: Jefferson
  • School High2: Roosevelt

Lot Info

  • Lot Description: On Busline, Corner Lot, Level
  • Zoning: R1

Rental Info

  • Rent Includes: Trash Collection

Tax Info

  • Tax Amount: 7979.92
  • Assessor Parcel Number: R230922
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.32

MLS Schools

  • Elementary School: Peninsula
  • High School: Jefferson
  • Middle School: Ockley Green

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 26, 2019
Sold by
Williams Charles L and Williams Leslee E
Bought by
Russell Elizabeth M
Seller's Agent
Tom Allen
Northwest Realty Source
Buyer's Agent
Stephen Weber
John L. Scott Portland Central
List Price
$550,000
Sold Price
$545,000
Premium/Discount to List
-$5,000
-0.91%
Current Estimated Value
$741,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,083
Avg. Annual Appreciation
4.18%
Original Mortgage
$381,500
Outstanding Balance
$338,936
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$365,453
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
Russell Elizabeth M $545,000 Ticor Title Company Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russell Elizabeth M $381,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2019 06/28/19 Sold $545,000 -0.9% $175 / Sq Ft
05/07/2019 05/07/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $550,000 -- $176 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
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 $10,716 $400,520 -- --
2023 $10,304 $388,860 $0 $0
2022 $10,081 $377,540 $0 $0
2021 $9,911 $366,550 $0 $0
2020 $9,092 $355,880 $0 $0
2019 $8,578 $338,450 $0 $0
2018 $8,326 $328,600 $0 $0
2017 $7,980 $319,030 $0 $0
2016 $7,285 $309,740 $0 $0
2015 $6,437 $300,720 $0 $0
2014 $6,129 $291,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19673844

Regional Multiple Listing Service (RMLS)

APN: R230922