NOT LISTED FOR SALE

8411 N Willamette Blvd Portland, OR 97203

Cathedral Park Neighborhood

Estimated Value: $1,063,000 - $1,306,000

8 Beds
4 Baths
4,312 Sq Ft
$266/Sq Ft Est. Value

Last Sold January 31, 2012

Last sale price $350,000 $81 Per Sq Ft

Est. 228% increase in value since last sale

Current estimated payment $7,057/month

133 Days on Market

Highlights

  • River View
  • Attached Garage
  • Baseboard Heating
  • Corner Lot
  • Handicap Accessible
  • Laundry Facilities

About This Home

As of January 2012

Same owner for 20+ years. Rents very low, projected to be $895.00/Mo+. Large 2 bedroom, 1 bath units. Each has attached garage, storage area, common laundry area. 2 upper units have nice outlooks. Great walk score with 2 blocks to Safeway, St. Johns City Center, Cathedral Park. Bus service #(17-1-4) nearby and St. Johns Bridge. Cosmetic UP-DATES needed to get TOP rents!

Last Agent to Sell the Property

Ron Palermini

ELEETE Real Estate License #780303534 Listed on: 09/12/2011

Last Buyer's Agent

Carl Brenden

Windermere Realty Trust License #911000078

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,713

Year Built

  • Built in 1969

Lot Details

  • 5,009

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,312 Sq Ft Home
  • 3-Story Property
  • River Views

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Schools

  • James John Elementary School
  • George Middle School
  • Roosevelt High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Handicap Accessible
  • Corner Lot

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R192106

Community Details

Overview

  • 4 Units
  • St. Johns Subdivision
  • Property managed by DND-TENANTS! PLS

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $7,873
  • Gross Income $23,400
  • Net Operating Income $20,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,713

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1969
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 350000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, FullBasement, StorageSpace
  • Storage: IndividualStorageUnits,Locked
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: CornerLot
  • Disclosures: Disclosure
  • Roof: Composition
  • View: River

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Management Name: DND-TENANTS! PLS
  • Community Features: Laundry

Schools

  • Elementary School: James John
  • High School: Roosevelt
  • Middle Or Junior School: George

Lot Info

  • Zoning: R1
  • Parcel #: R192106

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 5712.85

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 19.23
  • Annual Gross Income: 23400.0
  • Property Net Operating Income: 20640.0
  • Annual Operating Expense: 7873.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2024
Sold by
Tran Hoang Quang Nhat and Nguyen Shinnie Thao
Bought by
Chhetri Amod B and Chhetri Shova S
Current Estimated Value
$1,148,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Outstanding Balance
$750,463
Interest Rate
1.8%
Mortgage Type
New Conventional
Estimated Equity
$398,346

Purchase Details

Closed on
Nov 10, 2014
Sold by
Cathedral Park Investments Llc
Bought by
Tran Hoang Quang Nhat and Nguyen Shinnie Thao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 12, 2011
Closed on
Jan 30, 2012
Sold by
Colasurdo Angelo J and Colasurdo Marie L
Bought by
Cathedral Park Investments Llc
Seller's Agent
Ron Palermini
ELEETE Real Estate
Buyer's Agent
Carl Brenden
Windermere Realty Trust
List Price
$550,000
Sold Price
$350,000
Premium/Discount to List
-$200,000
-36.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%

Purchase Details

Closed on
Aug 29, 2001
Sold by
Colasurdo Angelo J
Bought by
Colasurdo Angelo J and Colasurdo Marie L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chhetri Amod B $1,120,000 Wfg Title
Chhetri Amod B $1,120,000 Wfg Title
Tran Hoang Quang Nhat $890,000 Wfg Title
Cathedral Park Investments Llc $350,000 Fidelity Natl Title Co Of Or
Colasurdo Angelo J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chhetri Amod B $770,000
Closed Chhetri Amod B $770,000
Previous Owner Tran Hoang Quang Nhat $667,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2012 01/31/12 Sold $350,000 -36.4% $81 / Sq Ft
01/23/2012 01/23/12 Pending -- -- --
09/12/2011 09/12/11 For Sale $550,000 -- $128 / 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 $12,244 $454,390 -- --
2024 $11,803 $441,160 -- --
2023 $11,350 $428,320 $0 $0
2022 $11,104 $415,850 $0 $0
2021 $10,916 $403,740 $0 $0
2020 $10,014 $391,990 $0 $0
2019 $9,646 $380,580 $0 $0
2017 $8,973 $358,740 $0 $0
2016 $8,212 $348,300 $0 $0
2015 $7,997 $338,160 $0 $0
2014 $7,628 $328,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ron Palermini

    Seller's Agent in 2012

    Ron Palermini

    ELEETE Real Estate

    (503) 358-6387

    19 Total Sales

    Ron Palermini
    Section Image

  • C

    Buyer's Agent in 2012

    Carl Brenden

    Windermere Realty Trust

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 11333786

Regional Multiple Listing Service (RMLS)

APN: R192106

Oregon Multnomah County Portland 97203 Cathedral Park

8411 N Willamette Blvd, Portland, OR

Not Listed for Sale

MultiFamily

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