NOT LISTED FOR SALE

7603 N Gravenstein Ave Portland, OR 97217

Kenton Neighborhood

Estimated Value: $749,459 - $1,044,000

11 Beds
4 Baths
4,492 Sq Ft
$206/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $610,000 $136 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,885/month

6 Days on Market

Highlights

  • Corner Lot
  • Peninsula Elementary School Rated 9+
  • Wood Siding

About This Home

As of April 2017

Amazing income opportunity! All units are currently rented month-to-month, by the room. Each unit features two parking spaces, individual patio, shard yard and shared storage. Prime location just blocks from shops, restaurants, primary/middle school and Columbia Park. Don't miss this excellent investment opportunity!

Last Agent to Sell the Property

Marc Fox

Keller Williams Realty Portland Premiere License #200508221 Listed on: 02/17/2017

Keller Williams Realty Portland Premiere

Co-Listed By

Brandon Fox

Keller Williams Premier Partners License #201215454

Last Buyer's Agent

Michaelle Roberts Blanchard

HomeSmart Realty Group License #981000003

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,846

Year Built

  • Built in 1997

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Utilities

  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes electricity, trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,846

Year Built

Built in 1997

Lot Details

0

Parking

6

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4492
  • Stories: 2
  • Year Built: 1997
  • Remarks Public: Amazing income opportunity! All units are currently rented month-to-month, by the room. Each unit features two parking spaces, individual patio, shard yard and shared storage. Prime location just blocks from shops, restaurants, primary/middle school and Columbia Park. Don't miss this excellent investment opportunity!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ORCHARD PL, BLOCK 4, LOT 11&12
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Lap Siding, Wood Siding
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 6
  • Parking Description: Assigned

Utilities

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

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator

Schools

  • Elementary School: Peninsula
  • Middle School: Peninsula
  • High School: Roosevelt

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: R1
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Electricity, Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 8241.50
  • Assessor Parcel Number: R230946

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 6.17

MLS Schools

  • Elementary School: Peninsula
  • High School: Roosevelt
  • Middle School: Peninsula

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2017
Closed on
Apr 5, 2017
Sold by
Conrad Lowell
Bought by
Mckibben Nathan
Seller's Agent
Marc Fox
Keller Williams Realty Portland Premiere
Buyer's Agent
Michaelle Roberts Blanchard
HomeSmart Realty Group
List Price
$600,000
Sold Price
$610,000
Premium/Discount to List
$10,000
1.67%
Current Estimated Value
$923,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,865
Avg. Annual Appreciation
4.03%
Original Mortgage
$579,500
Interest Rate
4.1%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 2013
Sold by
Conrad Donna L
Bought by
Conrad Lowell

Purchase Details

Closed on
Nov 1, 2010
Sold by
Conrad Lowell L
Bought by
Conrad Donna L

Purchase Details

Closed on
Apr 25, 2005
Sold by
Conrad Lowell
Bought by
Conrad Lowell and Conrad Donna

Purchase Details

Closed on
Sep 7, 2003
Sold by
Federal National Mortgage Association
Bought by
Conrad Lowell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2003
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 18, 2003
Sold by
Mandigo Matthew
Bought by
Citimortgage Inc

Purchase Details

Closed on
Mar 9, 2001
Sold by
Foushee Thomas D
Bought by
Mandigo Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 1997
Sold by
Stevens Margaret M
Bought by
Foushee Thomas D and Foushee Violet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,500
Interest Rate
7.53%
Mortgage Type
Purchase Money Mortgage
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
Mckibben Nathan $610,000 Wfg Title
Conrad Lowell -- None Available
Conrad Lowell -- None Available
Conrad Donna L -- None Available
Conrad Lowell -- --
Conrad Lowell $295,000 Chicago Title Insurance Co
Federal National Mortgage Association $311,513 --
Citimortgage Inc $311,513 Fatco
Mandigo Matthew $320,000 First American
Foushee Thomas D $38,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckibben Nathan $579,500
Previous Owner Conrad Lowell $236,000
Previous Owner Mandigo Matthew $288,000
Previous Owner Foushee Thomas D $190,500
Closed Conrad Lowell $44,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2017 04/14/17 Sold $610,000 +1.7% $136 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $600,000 -- $134 / 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 $11,846 $442,760 -- --
2023 $11,391 $429,870 $0 $0
2022 $11,144 $417,350 $0 $0
2021 $10,956 $405,200 $0 $0
2020 $10,050 $393,400 $0 $0
2019 $9,681 $381,950 $0 $0
2018 $9,396 $370,830 $0 $0
2017 $9,005 $360,030 $0 $0
2016 $8,242 $349,550 $0 $0
2015 $7,876 $339,370 $0 $0
2014 $7,556 $329,490 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marc Fox

    Seller's Agent in 2017

    Marc Fox

    Keller Williams Realty Portland Premiere

    (503) 915-7475

    1 in this area

    705 Total Sales

    Marc Fox
    Section Image
  • Brandon Fox

    Seller Co-Listing Agent in 2017

    Brandon Fox

    Keller Williams Premier Partners

    (360) 947-0803

    274 Total Sales

    Brandon Fox
    Section Image

  • M

    Buyer's Agent in 2017

    Michaelle Roberts Blanchard

    HomeSmart Realty Group

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17455367

Regional Multiple Listing Service (RMLS)

APN: R230946

Oregon Multnomah County Portland 97217 Kenton

7603 N Gravenstein Ave, Portland, OR

This home is located at 7603 N Gravenstein Ave, Portland, OR 97217 since 17 February 2017 and is currently estimated at $923,865, approximately $205 per square foot. This property was built in 1997. 7603 N Gravenstein Ave is a home located in Multnomah County with nearby schools including Peninsula Elementary School, Ockley Green, and Jefferson 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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