NOT LISTED FOR SALE

8538 SE 19th Ave Unit 8540 Portland, OR 97202

Sellwood Neighborhood

Estimated Value: $610,000 - $749,888

12 Beds
8 Baths
4,896 Sq Ft
$134/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $955,000 $195 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $4,082/month

26 Days on Market

Highlights

  • Views
  • Landscaped with Trees
  • Washer and Dryer
  • Duniway Elementary School Rated 9+
  • Guest Parking
  • 2-minute walk to Johnson Creek Park

About This Home

As of May 2020

Attractive turnkey plex on a quiet street in the heart of Sellwood. Tenants enjoy the cool 70's reverse floor plans, in-unit laundry, dishwashers, ample closets and 2 parking spots each. Ideal location: only 1 block to Johnson Creek Park and Springwater Trail, and a short stroll to popular cafes, bars and New Seasons. Invest in these high demand units that are a breeze to rent. Tenants pay their own water, sewer, trash and electricity. Please watch the attached video for additional information.

Last Agent to Sell the Property

Randy Schumock

John L Scott Portland SW License #910200137 Listed on: 04/04/2020

John L Scott Portland SW

Last Buyer's Agent

Alvaro Suarez

Hot House Team Co. License #200306136

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,858

Year Built

  • Built in 1975

Lot Details

  • Level Lot
  • Landscaped with Trees

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer and Dryer
  • Property Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Parking

  • Paved Parking
  • Guest Parking

Utilities

  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,858

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4896
  • Stories: 2
  • Year Built: 1975
  • Remarks Public: Attractive turnkey plex on a quiet street in the heart of Sellwood. Tenants enjoy the cool 70's reverse floor plans, in-unit laundry, dishwashers, ample closets and 2 parking spots each. Ideal location: only 1 block to Johnson Creek Park and Springwater Trail, and a short stroll to popular cafes, bars and New Seasons. Invest in these high demand units that are a breeze to rent. Tenants pay their own water, sewer, trash and electricity. Please watch the attached video for additional information.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SELLWOOD, BLOCK 100, LOT 10
  • Basement: Full Basement

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Territorial
  • Foundation Details: Concrete Perimeter
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Guest, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer/Dryer, Window Coverings

Schools

  • Elementary School: Duniway
  • Middle School: Sellwood
  • High School: Cleveland

Lot Info

  • Lot Description: Level, Trees
  • Zoning: R2.5
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 9958.00
  • Assessor Parcel Number: R267959
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.71

MLS Schools

  • Elementary School: Duniway
  • High School: Cleveland
  • Middle School: Sellwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2020
Closed on
May 28, 2020
Sold by
Scott Lana and Weese Danell
Bought by
Lendner Gill
Seller's Agent
Randy Schumock
John L Scott Portland SW
Buyer's Agent
Alvaro Suarez
Hot House Team Co.
List Price
$995,000
Sold Price
$955,000
Premium/Discount to List
-$40,000
-4.02%
Current Estimated Value
$650,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$304,280
Avg. Annual Appreciation
-7.08%
Original Mortgage
$382,000
Outstanding Balance
$346,535
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$305,805

Purchase Details

Closed on
Jul 18, 2018
Sold by
E Magaret Brummell Llc
Bought by
Scott Lana and Weese Danell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,950
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2008
Sold by
Horn Renda K
Bought by
Clyde V Brummell Llc

Purchase Details

Closed on
Sep 8, 2008
Sold by
Horn Renda K
Bought by
Horn Renda K and Clyde V Brummell Trust
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
Lendner Gill $477,500 Fidelity National Title Of O
Scott Lana $458,600 First American Title
Clyde V Brummell Llc -- Accommodation
E Margaret Brummell Llc -- Accommodation
Horn Renda K -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lendner Gill $382,000
Previous Owner Scott Lana $343,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $955,000 -4.0% $195 / Sq Ft
04/30/2020 04/30/20 Pending -- -- --
04/20/2020 04/20/20 For Sale $995,000 0.0% $203 / Sq Ft
04/11/2020 04/11/20 Pending -- -- --
04/04/2020 04/04/20 For Sale $995,000 -- $203 / 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
2023 $5,858 $221,070 $0 $0
2022 $5,731 $214,640 $0 $0
2021 $5,634 $208,390 $0 $0
2020 $5,169 $202,330 $0 $0
2019 $4,979 $196,440 $0 $0
2018 $4,833 $190,720 $0 $0
2017 $4,632 $185,170 $0 $0
2016 $4,239 $179,780 $0 $0
2015 $4,128 $174,550 $0 $0
2014 $4,065 $169,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Schumock

    Seller's Agent in 2020

    Randy Schumock

    John L Scott Portland SW

    (503) 781-9409

    45 Total Sales

    Section Image
  • Alvaro Suarez

    Buyer's Agent in 2020

    Alvaro Suarez

    Hot House Team Co.

    (503) 453-9510

    2 in this area

    29 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20585285

Regional Multiple Listing Service (RMLS)

APN: R267959

Oregon Multnomah County Portland 97202 Sellwood

8538 SE 19th Ave Unit 8540, Portland, OR

This home is located at 8538 SE 19th Ave Unit 8540, Portland, OR 97202 since 04 April 2020 and is currently estimated at $654,472, approximately $133 per square foot. This property was built in 1975. 8538 SE 19th Ave Unit 8540 is a home located in Multnomah County with nearby schools including Duniway Elementary School, Sellwood Middle School, and Cleveland High School.

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