NOT LISTED FOR SALE

7712 N Olin Ave Unit 7714 Portland, OR 97203

Portsmouth Neighborhood

Estimated Value: $658,000 - $759,000

6 Beds
4 Baths
3,048 Sq Ft
$237/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $760,000 $249 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,308/month

Highlights

  • Wood Flooring
  • Corner Lot
  • Washer and Dryer
  • Astor Elementary School Rated 9+
  • Tankless Water Heater
  • 4-minute walk to Columbia Park

About This Home

As of June 2022

Fantastic investment opportunity to own a duplex in a great family neighborhood in N Portland with 3 bed 2 ba in each unit along with back yard area. Both units have a finished basement with the 3rd bed and complete bath. All remodeling is permitted. Tenants are both on leases. Make offers subject to interior inspection and do not disturb tenants. 5.6 Cap

Last Agent to Sell the Property

Michael Bivens

Bridgetown Equity Prop LLC License #201205519 Listed on: 04/15/2022

Last Buyer's Agent

Melissa Dorman

Living Room Realty License #201222278

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,533

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Lap Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Range
  • Washer and Dryer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • Heating System Uses Gas
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,533

Year Built

Built in 1953 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3048
  • Stories: 2
  • Year Built: 1953
  • Property Condition: Updated/Remodeled
  • Remarks Public: Fantastic investment opportunity to own a duplex in a great family neighborhood in N Portland with 3 bed 2 ba in each unit along with back yard area. Both units have a finished basement with the 3rd bed and complete bath. All remodeling is permitted. Tenants are both on leases. Make offers subject to interior inspection and do not disturb tenants. 5.6 Cap
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: NORWOOD, BLOCK 111, LOT 1-3
  • Basement: Finished, Full Basement
  • Storage: Basement

Exterior Features

  • Exterior Description: Cedar, Lap Siding
  • Lot Size: 20K-.99AC
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: None

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas, Tankless
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Forced Air
  • Internet Service Type: Cable, Wireless

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Astor
  • Middle School: Cesar Chavez
  • High School: Jefferson

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: R5

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 3995.62
  • Assessor Parcel Number: R228407
  • Tax Year: 2021

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.36

MLS Schools

  • Elementary School: Astor
  • High School: Jefferson
  • Middle School: Cesar Chavez

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Jun 15, 2022
Sold by
Christopher Laskin Joshua
Bought by
North Portland Living Llc
Seller's Agent
Michael Bivens
Bridgetown Equity Prop LLC
Buyer's Agent
Melissa Dorman
Living Room Realty
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%
Current Estimated Value
$722,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,302
Avg. Annual Appreciation
-1.49%
Original Mortgage
$722,000
Outstanding Balance
$685,899
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$36,799

Purchase Details

Listed on
Apr 15, 2022
Closed on
Jun 2, 2022
Sold by
Charles Han
Bought by
Laskin Joshua Christopher
Seller's Agent
Michael Bivens
Bridgetown Equity Prop LLC
Buyer's Agent
Melissa Dorman
Living Room Realty
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$722,000
Outstanding Balance
$685,899
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$36,799

Purchase Details

Closed on
Oct 15, 2021
Sold by
Han Charles and Woo Han Charles
Bought by
Han Charles and Han Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2019
Sold by
Mercier Matthew D and Taylor Joseph R
Bought by
Woo Han Charles Sang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2012
Sold by
Mercier Matthew
Bought by
Mercier Matthew D and Taylor Joseph R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2007
Sold by
Nava David V
Bought by
Mercier Matthew and Taylor Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,800
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2004
Sold by
Alliance Real Estate Investment Llc
Bought by
Nava David D and Nava Leah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,200
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2004
Sold by
Weinstein Paul M
Bought by
Alliance Real Estate Investment Llc

Purchase Details

Closed on
Feb 6, 2004
Sold by
Alliance Real Estate Investment Llc
Bought by
Weinstein Paul

Purchase Details

Closed on
Mar 22, 2002
Sold by
Ulven M F
Bought by
Alliance Real Estate Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.85%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 4, 1999
Sold by
Ulven M F
Bought by
D Miller Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.97%
Mortgage Type
Seller Take Back
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
North Portland Living Llc -- None Listed On Document
Laskin Joshua Christopher $760,000 Wfg Title
Han Charles -- First American Title
Woo Han Charles Sang $450,000 First American Title
Mercier Matthew D -- Fidelity Natl Title Co Of Or
Mercier Matthew $381,000 Fidelity Natl Title Co Of Or
Nava David D $244,000 Ticor Title Insurance Compan
Alliance Real Estate Investment Llc -- --
Weinstein Paul -- --
Alliance Real Estate Investment Llc $120,500 Ticor Title
D Miller Investments Inc $120,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laskin Joshua Christopher $722,000
Previous Owner Han Charles $420,000
Previous Owner Woo Han Charles Sang $427,500
Previous Owner Mercier Matthew D $311,000
Previous Owner Mercier Matthew $304,800
Previous Owner Nava David D $195,200
Previous Owner Alliance Real Estate Investment Llc $120,000
Previous Owner D Miller Investments Inc $115,000
Closed Nava David D $24,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2022 06/03/22 Sold $760,000 +1.3% $249 / Sq Ft
04/27/2022 04/27/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $750,000 -- $246 / 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 $5,533 $206,790 -- --
2023 $5,320 $200,770 $0 $0
2022 $5,205 $194,930 $0 $0
2021 $3,996 $147,780 $0 $0
2020 $3,666 $143,480 $0 $0
2019 $3,531 $139,310 $0 $0
2018 $3,427 $135,260 $0 $0
2017 $3,285 $131,330 $0 $0
2016 $3,006 $127,510 $0 $0
2015 $2,927 $123,800 $0 $0
2014 $2,883 $120,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22046871

Regional Multiple Listing Service (RMLS)

APN: R228407