NOT LISTED FOR SALE

8040 SW Oleson Rd Portland, OR 97223

Estimated Value: $517,029 - $584,000

4 Beds
2 Baths
1,500 Sq Ft
$369/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $360,000 $240 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,343/month

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 4-minute walk to Garden Home Park
  • Montclair Elementary School Rated A-
  • Garage

About This Home

As of March 2020

Duplex

Last Agent to Sell the Property

Eileen Hutchinson

Premiere Property Group, LLC License #201210155 Listed on: 11/15/2019

Premiere Property Group, LLC

Last Buyer's Agent

Kimberly Falisec, P.C..

Keller Williams Sunset Corridor License #931000118

Keller Williams Sunset Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,179

Year Built

  • Built in 1952

Lot Details

  • 9,583

Parking

  • Garage

Home Design

  • Fixer Upper

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Crawl Space
  • Corner Lot

Listing and Financial Details

  • Assessor Parcel Number R224395

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $5,848
  • Gross Income $2,200
  • Net Operating Income $16,352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,179

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1952
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: CornerLot
  • Disclosures: Disclosure

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No

Utilities

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

Lot Info

  • Zoning: R5
  • Parcel #: R224395

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 3179.14

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 175.0
  • Annual Gross Income: 2200.0
  • Property Net Operating Income: 16352.0
  • Annual Operating Expense: 5848.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2021
Sold by
Green Justin J
Bought by
G3 Holdings Llc
Current Estimated Value
$552,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$196,538
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$337,612

Purchase Details

Listed on
Nov 15, 2019
Closed on
Mar 5, 2020
Sold by
Swanson Norman C and Norman C Swanson Living Trust
Bought by
Green Justin J
Seller's Agent
Eileen Hutchinson
Premiere Property Group, LLC
Buyer's Agent
Kimberly Falisec, P.C..
Keller Williams Sunset Corridor
List Price
$385,000
Sold Price
$360,000
Premium/Discount to List
-$25,000
-6.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$266,250
Interest Rate
3.6%
Mortgage Type
Closed End 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
G3 Holdings Llc -- Wfg Title
Green Justin J $360,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open G3 Holdings Llc $315,000
Previous Owner Green Justin J $266,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2020 03/06/20 Sold $360,000 -6.5% $240 / Sq Ft
11/15/2019 11/15/19 Pending -- -- --
11/15/2019 11/15/19 For Sale $385,000 -- $257 / 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
2025 $3,987 $218,800 -- --
2024 $3,746 $212,430 -- --
2023 $3,746 $206,250 $0 $0
2022 $3,617 $206,250 $0 $0
2021 $3,487 $194,420 $0 $0
2020 $3,382 $188,760 $0 $0
2019 $3,288 $183,270 $0 $0
2018 $3,179 $177,940 $0 $0
2017 $3,066 $172,760 $0 $0
2016 $2,955 $167,730 $0 $0
2015 $2,847 $162,850 $0 $0
2014 $2,789 $158,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Eileen Hutchinson

    Seller's Agent in 2020

    Eileen Hutchinson

    Premiere Property Group, LLC

    (503) 720-1146

    122 Total Sales

    Section Image
  • Kimberly Falisec, P.C..

    Buyer's Agent in 2020

    Kimberly Falisec, P.C..

    Keller Williams Sunset Corridor

    (503) 317-0807

    103 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19610096

Regional Multiple Listing Service (RMLS)

APN: R0224395

Oregon Washington County Portland 97223

8040 SW Oleson Rd, Portland, OR

This home is located at 8040 SW Oleson Rd, Portland, OR 97223 since 15 November 2019 and is currently estimated at $552,757, approximately $368 per square foot. This property was built in 1952. 8040 SW Oleson Rd is a home located in Washington County with nearby schools including Montclair Elementary School, Whitford Middle School, and Southridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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