NOT LISTED FOR SALE

764 Erie Ave Astoria, OR 97103

Estimated Value: $483,866 - $525,000

5 Beds
2 Baths
1,656 Sq Ft
$304/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $495,000 $299 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,045/month

2 Days on Market

Highlights

  • Bay View
  • No HOA
  • Zoned Heating
  • 0.38 Acre Lot
  • Landscaped with Trees
  • 3-minute walk to Tapiola Park

About This Home

As of March 2024

Renovated Astoria duplex with views of Youngs Bay. The large unit is a 3-bedroom, 1-bath with wood burning fireplace and an amazing deck to enjoy the views. The smaller unit is a 2-bedroom, 1-bath with a patio. Both units have been renovated recently with new kitchens and appliances, updated flooring, fresh paint, updated bathrooms and more. Water, electricity and gas are separately metered. This turn-key investment has been used as a furnished mid-term rental, and is being sold with furnishings included. Walk down a flight of steps from the street parking above, to the welcoming front entry and spacious 0.38 acre yard, featuring garden space, fruit trees and a 300 sf lean-to shed for storage.

Last Agent to Sell the Property

Julia Radditz

Totem Properties LLC Brokerage Email: juliaradditz@gmail.com License #200504308 Listed on: 02/07/2024

Last Buyer's Agent

MADISON NELSON

eXp Realty LLC License #201252296

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,487

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 150' x 110'
  • Terraced Lot
  • Landscaped with Trees

Parking

  • On-Street Parking

Property Views

  • Bay
  • River

Home Design

  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,656 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Schools

  • Astor Elementary School
  • Astoria Middle School
  • Astoria High School

Utilities

  • No Cooling
  • Zoned Heating
  • Baseboard Heating

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 26569

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • South Slope Subdivision

Building Details

  • Operating Expense $6,863
  • Gross Income $24,000
  • Net Operating Income $17,137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,487

Year Built

Built in 1953 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1953
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Total Bedrooms: 5
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: ShingleSiding,WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: ConcretePerimeter, PillarPostPier, Slab
  • View: Yes
  • Lot Features: GentleSloping, Sloped, Terraced, Trees
  • Road Surface Type: Paved
  • Water Body Name: Youngs Bay
  • Roof: Metal
  • View: Bay,River

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Astor
  • High School: Astoria
  • Middle Or Junior School: Astoria

Lot Info

  • Zoning: R3
  • Lot Size Acres: 0.38
  • Lot Size: 150' x 110'
  • Lot Size Sq Ft: 16552.0
  • Parcel #: 26569

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3486.86

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 20.79
  • Annual Gross Income: 24000.0
  • Property Net Operating Income: 17137.0
  • Annual Operating Expense: 6863.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Mar 25, 2024
Sold by
Black Eric Craig and Black Melissa Bridget
Bought by
Pauline Elhamady and Moustafa Elhamady Ahmed
Seller's Agent
Julia Radditz
Totem Properties LLC
Buyer's Agent
MADISON NELSON
eXp Realty LLC
List Price
$499,000
Sold Price
$495,000
Premium/Discount to List
-$4,000
-0.8%
Views
19
Current Estimated Value
$502,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,717
Avg. Annual Appreciation
1.07%
Original Mortgage
$470,250
Outstanding Balance
$463,517
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$39,200

Purchase Details

Closed on
Oct 14, 2021
Sold by
Bayport Llc
Bought by
Black Eric Craig and Black Melissa Bridget

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2018
Sold by
Whitten Andrew and Whitten Ellen
Bought by
Bayport Llc

Purchase Details

Listed on
Jul 22, 2014
Closed on
Aug 11, 2015
Sold by
Lee Alexis Young
Bought by
Whitten Andrew and Whitten Ellen
Seller's Agent
Rosalie Dimmick Larsen
Larsen Coast Homes
Buyer's Agent
Karen Radditz
Totem Properties LLC
List Price
$229,900
Sold Price
$195,000
Premium/Discount to List
-$34,900
-15.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.84%

Purchase Details

Closed on
Jul 29, 2010
Sold by
Bradley Frank Ream
Bought by
Bradley Frank Ream and Lee Alexis Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,150
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2005
Sold by
Neikes James
Bought by
Bradley Frank Ream

Purchase Details

Closed on
Jul 15, 2005
Sold by
Bonham Gregg K and Bonham Cheryl H
Bought by
Neikes James J
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
Pauline Elhamady $495,000 Ticor Title
Black Eric Craig $340,000 Ticor Title Ins Co
Bayport Llc -- None Available
Whitten Andrew $193,000 Ticor Title Ins Co
Bradley Frank Ream -- Fidelity Natl Title Co Of Or
Bradley Frank Ream $175,000 Fidelity National Title Co
Neikes James J $150,000 Ticor Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pauline Elhamady $470,250
Previous Owner Black Eric Craig $272,000
Previous Owner Bradley Frank Ream $195,150
Previous Owner Bradley Frank Ream $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $495,000 -0.8% $299 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $499,000 +155.9% $301 / Sq Ft
08/12/2015 08/12/15 Sold $195,000 -15.2% $118 / Sq Ft
05/25/2015 05/25/15 Pending -- -- --
07/22/2014 07/22/14 For Sale $229,900 -- $139 / 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 $3,918 $195,787 -- --
2023 $3,487 $175,155 $0 $0
2022 $3,295 $170,054 $0 $0
2021 $3,205 $165,102 $0 $0
2020 $3,114 $160,294 $0 $0
2019 $3,021 $155,626 $0 $0
2018 $2,779 $151,095 $0 $0
2017 $2,661 $146,695 $0 $0
2016 $2,543 $142,423 $39,648 $102,775
2015 $2,493 $138,276 $38,494 $99,782
2014 $2,448 $134,249 $0 $0
2013 -- $130,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24617335

Regional Multiple Listing Service (RMLS)

APN: 26569