NOT LISTED FOR SALE

7700 SE Mitchell St Portland, OR 97206

Foster-Powell Neighborhood

Estimated Value: $474,028 - $552,000

-- Bed
2 Baths
1,693 Sq Ft
$311/Sq Ft Est. Value

Last Sold October 06, 2022

Last sale price $549,900 $325 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,171/month

Highlights

  • RV Access or Parking
  • Forced Air Heating System
  • Level Lot
  • Tankless Water Heater
  • Green Certified Home
  • Wood Siding

About This Home

As of October 2022

Rare investment opportunity in booming Foster Powell! This renovated duplex boasts new kitchens, roof, plumbing, HVAC, electric, finishes and much more. Each two bedroom, one bath unit has separate power, gas and furnaces. Walk to amazing local restaurants and food carts. Commercial zoning provides for a wide range of uses. Proforma Net Operating Income of $33,418 and a 6.07% Cap if units are rented at $1,700.00 each. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10071703]

Last Agent to Sell the Property

Devin Bourne

Bespoke Realty License #201210339 Listed on: 08/25/2022

Last Buyer's Agent

Andrew Vidulich

Works Real Estate License #201220270

Works Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,206

Year Built

  • Built in 1919 | Remodeled

Lot Details

  • 3,833

Parking

  • 4 Car Garage
  • RV Access or Parking

Home Design

  • 1,693 Sq Ft Home
  • Composition Roof
  • Wood Siding

Schools

  • Marysville Elementary School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Tankless Water Heater

Additional Features

  • Green Certified Home
  • Level Lot
  • Finished Basement

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R702040

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,382
  • Gross Income $40,800
  • Net Operating Income $33,418

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,206

Year Built

Built in 1919 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1919
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved, RVAccessParking
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Tankless
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Marysville
  • High School: Franklin
  • Middle Or Junior School: Other

Lot Info

  • Zoning: CE
  • Parcel #: R702040

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4206.25

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.48
  • Annual Gross Income: 40800.0
  • Property Net Operating Income: 33418.0
  • Annual Operating Expense: 7382.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Oct 6, 2022
Sold by
Cech Ondrej
Bought by
Salyers Timothy James
Seller's Agent
Devin Bourne
Bespoke Realty
Buyer's Agent
Andrew Vidulich
Works Real Estate
List Price
$569,900
Sold Price
$549,900
Premium/Discount to List
-$20,000
-3.51%
Views
3
Current Estimated Value
$526,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,143
Avg. Annual Appreciation
-1.43%
Original Mortgage
$539,939
Outstanding Balance
$518,173
Interest Rate
5.66%
Mortgage Type
FHA
Estimated Equity
$8,584

Purchase Details

Closed on
Feb 27, 2020
Sold by
Aav One Llc
Bought by
Cech Ondrej

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 12, 2017
Closed on
Jun 21, 2017
Sold by
Root Mya L
Bought by
Aav One Llc
Seller's Agent
Lisa Long
High Five Properties
Buyer's Agent
Nita Cheung
Harmony Real Estate Services
List Price
$389,900
Sold Price
$389,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.73%
Original Mortgage
$440,900
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2010
Sold by
Root Tim S
Bought by
Root Mya L and Root Tim S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2005
Sold by
Ofarrell Ryan
Bought by
Root Tim S and Root Mya L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,400
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2004
Sold by
Blazer Dorman Stanford
Bought by
Ofarrell Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.77%
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
Salyers Timothy James $549,900 Old Republic Title
Cech Ondrej $339,000 Fidelity Natl Ttl Co Of Or
Aav One Llc $389,900 Fidelity Natl Title Co Of Or
Root Mya L -- Pacific Northwest Title Of O
Root Tim S $218,000 Ticor Title Insurance Compan
Ofarrell Ryan $98,000 Ticor Title Insurance Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salyers Timothy James $539,939
Previous Owner Cech Ondrej $322,000
Previous Owner Aav One Llc $440,900
Previous Owner Root Mya L $234,000
Previous Owner Root Tim S $174,400
Previous Owner Ofarrell Ryan $105,000
Closed Root Tim S $43,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2022 10/06/22 Sold $549,900 0.0% $325 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/01/2022 09/01/22 Price Changed $549,900 -3.5% $325 / Sq Ft
08/25/2022 08/25/22 For Sale $569,900 +46.2% $337 / Sq Ft
07/11/2017 07/11/17 Sold $389,900 0.0% $230 / Sq Ft View Prior Sale
07/10/2017 07/10/17 Sold $389,900 0.0% $230 / Sq Ft View Prior Sale
06/17/2017 06/17/17 Pending -- -- --
05/17/2017 05/17/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $389,900 -4.9% $230 / Sq Ft
03/15/2017 03/15/17 For Sale $410,000 -- $242 / 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 $4,548 $169,980 -- --
2023 $4,373 $165,030 $0 $0
2022 $4,278 $160,230 $0 $0
2021 $4,206 $155,570 $0 $0
2020 $3,859 $151,048 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Devin Bourne

    Seller's Agent in 2022

    Devin Bourne

    Bespoke Realty

    (503) 880-3091

    1 in this area

    77 Total Sales

    Devin Bourne
    Section Image
  • Andrew Vidulich

    Buyer's Agent in 2022

    Andrew Vidulich

    Works Real Estate

    (609) 651-1705

    1 in this area

    37 Total Sales

    Andrew Vidulich
    Section Image
  • Lisa Long

    Seller's Agent in 2017

    Lisa Long

    High Five Properties

    (503) 317-4399

    2 in this area

    42 Total Sales

    Lisa Long
    Section Image

  • N

    Buyer's Agent in 2017

    Nita Cheung

    Harmony Real Estate Services

    (971) 255-1432

    2 Total Sales

    Nita Cheung
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22442331

Regional Multiple Listing Service (RMLS)

APN: R702040

Oregon Multnomah County Portland 97206 Foster-Powell

7700 SE Mitchell St, Portland, OR

This home is located at 7700 SE Mitchell St, Portland, OR 97206 since 25 August 2022 and is currently estimated at $526,757, approximately $311 per square foot. This property was built in 1919. 7700 SE Mitchell St is a home located in Multnomah County with nearby schools including Marysville Elementary School and Franklin High School.

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