NOT LISTED FOR SALE

770 NE Paloma Ave Unit 780 Gresham, OR 97030

Powell Valley Neighborhood

Estimated Value: $470,000 - $550,189

4 Beds
2 Baths
1,608 Sq Ft
$319/Sq Ft Est. Value

Sale Details

Date Sold: April 25, 2025

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

Est. 7% decrease in value since last sale

Current estimated payment $3,236 / mo

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

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

eXp Realty, LLC

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

7,840 Sq Ft Lot

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
  • Current Price For Status: 550000.0
  • 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 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
Apr 13, 2025
Sold by
Bought by
Seller's Agent
Amanda Folkestad
eXp Realty, LLC
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
$512,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,453
Avg. Annual Appreciation
-5.66%
Original Mortgage
$503,662
Interest Rate
0.0575%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 23, 2021
Closed on
Aug 26, 2021
Sold by
Bought by
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
0.022%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2004
Sold by
Bought by

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
0.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 1998
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 First American Title
$420,000 Fidelity National Title
-- Accommodation
-- --
$195,700 Stewart
$159,000 Pacific Nw Title
-- Pacific Nw Title
$159,000 Oregon Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $503,662
Previous Owner $315,000
Previous Owner $156,550
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,419 $266,300
2024 $5,188 $258,550
2023 $5,188 $251,020
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

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 241607239

Regional Multiple Listing Service (RMLS)

APN: R266038

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