NOT LISTED FOR SALE

770 NE Paloma Ave Unit 780 Gresham, OR 97030

Powell Valley Neighborhood

Estimated Value: $503,000 - $555,824

4 Beds
2 Baths
1,608 Sq Ft
$334/Sq Ft Est. Value

Last Sold April 25, 2025

Last sale price $550,000 $342 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,401/month

4 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Lap Siding
  • Guest Parking
  • 2 Car Garage
  • 1-Story Property

About This Home

As of April 2025

This well-maintained side-by-side duplex sits on a spacious corner lot in a quiet and desirable area of Gresham, near Mt. Hood Community College. Both 2-bedroom, 1-bathroom units have been remodeled, offering modern updates and a comfortable living space. Each unit includes W/D hookups, an attached garage for parking and storage, as well as a fully fenced backyard for added privacy. For more details, please inquire.

Last Agent to Sell the Property

Amanda Folkestad

Realty Portland Brokerage Phone: 503-805-2098 License #200706245 Listed on: 03/05/2025

Co-Listed By

Chris Mackovjak

Realty Portland Brokerage Phone: 503-805-2098 License #201217557

Last Buyer's Agent

Amy Cerruti

Real Broker License #201209300

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,188

Year Built

  • Built in 1975

Lot Details

  • 7,840 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Guest Parking

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,608 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Powell Valley Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R266038

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $44,970
  • Gross Income $63,438
  • Net Operating Income $18,468

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,188

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1975
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Concrete, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, Guest
  • Attached Garage: No
  • Garage Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Powell Valley
  • High School: Sam Barlow
  • Middle Or Junior School: Gordon Russell

Lot Info

  • Zoning: LDR-7
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840.0
  • Parcel #: R266038

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 5187.51

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 8.43
  • Annual Gross Income: 63438.0
  • Property Net Operating Income: 18468.0
  • Annual Operating Expense: 44970.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
Apr 13, 2025
Sold by
Patrick Vincent and Patrick Lindsay
Bought by
Granberg Andrew
Seller's Agent
Amanda Folkestad
Realty Portland
Buyer's Agent
Amy Cerruti
Real Broker
List Price
$535,000
Sold Price
$550,000
Premium/Discount to List
$15,000
2.8%
Views
15
Current Estimated Value
$537,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,294
Avg. Annual Appreciation
-28.19%
Original Mortgage
$503,662
Outstanding Balance
$503,662
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$701

Purchase Details

Listed on
Jul 23, 2021
Closed on
Aug 26, 2021
Sold by
Craig Egner R
Bought by
Patrick Vincent and Patrick Lindsay
Seller's Agent
Debby Calhoun
Safe Harbor Realty
Buyer's Agent
Brian Porter
Opt
List Price
$399,999
Sold Price
$420,000
Premium/Discount to List
$20,001
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$315,000
Interest Rate
2.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2006
Sold by
Bella Vista Ii Llc
Bought by
Egner R Corey and Craig Egner R

Purchase Details

Closed on
Dec 28, 2004
Sold by
Egner R Craig
Bought by
Bella Vista Ii Llc

Purchase Details

Closed on
Sep 14, 2004
Sold by
Sweet Gary M
Bought by
Egner R Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,550
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 1998
Sold by
Jones Delia R
Bought by
Sweet Gary M and Sweet Marlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,200
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 1998
Sold by
Cline Kenneth M
Bought by
Jones Delia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,200
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 1996
Sold by
Hickey Bernard J
Bought by
Cline Kenneth M and Jones Delia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
8.2%
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
Granberg Andrew $550,000 First American Title
Patrick Vincent $420,000 Fidelity National Title
Egner R Corey -- Accommodation
Bella Vista Ii Llc -- --
Egner R Craig $195,700 Stewart
Sweet Gary M $159,000 Pacific Nw Title
Jones Delia R -- Pacific Nw Title
Cline Kenneth M $159,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Granberg Andrew $503,662
Previous Owner Patrick Vincent $315,000
Previous Owner Egner R Craig $156,550
Previous Owner Sweet Gary M $127,200
Previous Owner Cline Kenneth M $57,000
Closed Egner R Craig $29,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 Sold $550,000 +2.8% $342 / Sq Ft
03/09/2025 03/09/25 Pending -- -- --
03/05/2025 03/05/25 For Sale $535,000 +27.4% $333 / Sq Ft
08/27/2021 08/27/21 Sold $420,000 +5.0% $261 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $399,999 -- $249 / 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
2023 $5,188 $251,020 $0 $0
2022 $4,594 $243,710 $0 $0
2021 $4,478 $236,620 $0 $0
2020 $4,214 $229,730 $0 $0
2019 $4,103 $223,040 $0 $0
2018 $3,913 $216,550 $0 $0
2017 $3,754 $210,250 $0 $0
2016 $3,310 $204,130 $0 $0
2015 $3,181 $198,190 $0 $0
2014 $2,920 $182,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amanda Folkestad

    Seller's Agent in 2025

    Amanda Folkestad

    Realty Portland

    (503) 805-2098

    4 in this area

    111 Total Sales

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  • Chris Mackovjak

    Seller Co-Listing Agent in 2025

    Chris Mackovjak

    Realty Portland

    (503) 858-4089

    2 in this area

    77 Total Sales

    Section Image
  • Amy Cerruti

    Buyer's Agent in 2025

    Amy Cerruti

    Real Broker

    (503) 698-6600

    3 in this area

    69 Total Sales

    Section Image
  • Debby Calhoun

    Seller's Agent in 2021

    Debby Calhoun

    Safe Harbor Realty

    (360) 931-8000

    3 in this area

    68 Total Sales

    Section Image
  • Brian Porter

    Buyer's Agent in 2021

    Brian Porter

    Opt

    (503) 810-2219

    4 in this area

    198 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 241607239

Regional Multiple Listing Service (RMLS)

APN: R266038

Oregon Multnomah County Gresham 97030 Powell Valley

770 NE Paloma Ave Unit 780, Gresham, OR

This home is located at 770 NE Paloma Ave Unit 780, Gresham, OR 97030 since 05 March 2025 and is currently estimated at $537,706, approximately $334 per square foot. This property was built in 1975. 770 NE Paloma Ave Unit 780 is a home located in Multnomah County with nearby schools including Powell Valley Elementary School, Gordon Russell Middle School, and Sam Barlow High School.

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