NOT LISTED FOR SALE

87 SW Lancaster Ct Troutdale, OR 97060

Town Center Neighborhood

Estimated Value: $429,560 - $493,000

-- Bed
1 Bath
-- Sq Ft
2,222 Sq Ft Lot

Last Sold January 26, 2024

Last sale price $1,598,500

Current estimated payment $2,839/month

232 Days on Market

Highlights

  • New Construction
  • 95% Forced Air Zoned Heating and Cooling System
  • High Speed Internet
  • 2 Car Attached Garage
  • Controlled Entrance

About This Home

As of January 2024

Brand new townhome rental opportunity in Troutdale, OR. Located inside of the Lancaster Park housing development by Arbor Homes, the building is comprised of 3-bedroom, 2.5 bath units with attached garages. The units are designed with the resident in-mind featuring spacious floorplans, contemporary design, and modern finishes. Each unit is on a separate tax lot allowing the buyer to sell units individually in the future or maintain as rentals. The fee simple townhomes are available to be purchased on a unit-by-unit basis or together and are priced accordingly with purchase flexibility for 1 - 9 units. NOTE: "Actual" income and expenses are Projected

Last Agent to Sell the Property

Nicholas Diamond

Real Estate Investment Group License #200403266 Listed on: 06/07/2023

Last Buyer's Agent

Alexander Phan

Keller Williams Realty Professionals License #200701028

Keller Williams Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,600

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 2,222

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property

Parking

  • 2 Car Attached Garage
  • Controlled Entrance

Schools

  • Troutdale Elementary School
  • Walt Morey Middle School
  • Reynolds High School

Utilities

  • 95% Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R704897

Community Details

Overview

  • 4 Units
  • Lancaster Park Subdivision

Building Details

  • Operating Expense $41,053
  • Gross Income $126,360
  • Net Operating Income $85,307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,600

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2023
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: ENERGYSTARQualifiedEquipment,Tankless
  • Internet Service Type: Cable
  • Security: Entry
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir95Plus
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: CentralAir

Schools

  • Elementary School: Troutdale
  • High School: Reynolds
  • Middle Or Junior School: Walt Morey

Lot Info

  • Zoning: MDR
  • Parcel #: R704897

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 15600.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.5
  • Annual Gross Income: 126360.0
  • Property Net Operating Income: 85307.0
  • Annual Operating Expense: 41053.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Dec 12, 2023
Sold by
Edgefield Commons Llc and Cobalt Edgefield Llc
Bought by
Anko Property Llc
Seller's Agent
Nicholas Diamond
Real Estate Investment Group
Buyer's Agent
Alexander Phan
Keller Williams Realty Professionals
List Price
$1,706,000
Sold Price
$1,598,500
Premium/Discount to List
-$107,500
-6.3%
Views
160
Current Estimated Value
$445,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,153,106
Avg. Annual Appreciation
-56.41%
Original Mortgage
$280,000
Outstanding Balance
$276,126
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$176,355
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Anko Property Llc $400,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anko Property Llc $280,000
Previous Owner Dstl Development Llc $2,850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $1,598,500 -6.3% --
01/26/2024 01/26/24 Pending -- -- --
06/07/2023 06/07/23 For Sale $1,706,000 -- --
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 $4,543 $252,120 $0 $0
2022 $1,296 $72,780 $0 $0
2021 $1,267 $70,661 $0 $0
2020 $72 $4,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Nicholas Diamond

    Real Estate Investment Group

    1 in this area

    6 Total Sales

    Section Image
  • Alexander Phan

    Buyer's Agent in 2024

    Alexander Phan

    Keller Williams Realty Professionals

    (503) 860-8128

    1 in this area

    142 Total Sales

    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23060120

Regional Multiple Listing Service (RMLS)

APN: R704897

Oregon Multnomah County Troutdale 97060 Town Center

87 SW Lancaster Ct, Troutdale, OR

This home is located at 87 SW Lancaster Ct, Troutdale, OR 97060 since 07 June 2023 and is currently estimated at $459,140. This property was built in 2023. 87 SW Lancaster Ct is a home located in Multnomah County with nearby schools including Troutdale Elementary School, Walt Morey Middle School, and Reynolds 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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes