NOT LISTED FOR SALE

875 SE Fleming Ave Unit 885 Gresham, OR 97080

Mount Hood Neighborhood

Estimated Value: $478,000 - $633,000

6 Beds
4 Baths
3,054 Sq Ft
$184/Sq Ft Est. Value

Last Sold August 07, 2015

Last sale price $266,900 $87 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $3,537/month

12 Days on Market

Highlights

  • Views
  • Garage
  • Wood Siding
  • Landscaped with Trees
  • Level Lot

About This Home

As of August 2015

Looking for cash flow? This fully occupied duplex is one of the best investments on the east side and offers two huge 1239 SQFT, 3 bed/2 bath units w/ fireplaces, forced A/C, master bed/bath upstairs, garages, vinyl windows, private fenced back yards & more. New roof in 2010. Walk to 32 acre Gradin Community Park at end of street, Springwater trail & more! This is priced to sell!!!

Last Agent to Sell the Property

Kyle Ball

Premiere Property Group, LLC License #200609089 Listed on: 06/05/2015

Premiere Property Group, LLC

Last Buyer's Agent

Yulee Aronsen

Choice Realty, LLC. License #200511225

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,964

Year Built

  • Built in 1978

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • Garage
  • Assigned Parking

Home Design

  • Wood Siding

Kitchen

  • Range
  • Dishwasher

Additional Features

  • 2-Story Property
  • Electric Water Heater
  • Property Views

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,964

Year Built

Built in 1978

Lot Details

0

Parking

4

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 3054
  • Stories: 2
  • Year Built: 1978
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: FLEMING TERRACE, BLOCK 2, LOT 5
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Assigned, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Hogan Cedars
  • Middle School: Dexter McCarty
  • High School: Sam Barlow

Lot Info

  • Lot Description: Level, Trees
  • Zoning: MDR12

Tax Info

  • Tax Amount: 3311.17
  • Assessor Parcel Number: R164218

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.16

MLS Schools

  • Elementary School: Hogan Cedars
  • High School: Sam Barlow
  • Middle School: Dexter McCarty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2015
Closed on
Aug 3, 2015
Sold by
Conner Diane M
Bought by
Stegemeyer James A and Stegemeyer Deborah H
Seller's Agent
Kyle Ball
Premiere Property Group, LLC
Buyer's Agent
Yulee Aronsen
Choice Realty, LLC.
List Price
$279,900
Sold Price
$266,900
Premium/Discount to List
-$13,000
-4.64%
Total Days on Market
12
Current Estimated Value
$562,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,828
Avg. Annual Appreciation
7.83%
Original Mortgage
$200,175
Outstanding Balance
$159,308
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$403,587

Purchase Details

Closed on
Sep 14, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Conner Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2010
Sold by
Delambert William A
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Nov 25, 2009
Sold by
Delambert William A
Bought by
Seymour Rick A and Seymour Debora

Purchase Details

Closed on
Apr 17, 2007
Sold by
Domingo Herminia D
Bought by
Delambert William A and Delambert Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Stegemeyer James A $266,900 Fidelity Natl Title Co Of Or
Conner Diane M $190,000 Accommodation
Federal Home Loan Mortgage Corp $190,000 None Available
Seymour Rick A -- Accommodation
Delambert William A $270,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stegemeyer Family Trust $50,000
Open Stegemeyer James A $200,175
Previous Owner Conner Diane M $142,500
Previous Owner Delambert William A $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2015 08/07/15 Sold $266,900 -4.6% $87 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $279,900 -- $92 / 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 $4,964 $263,650 $0 $0
2022 $4,825 $255,980 $0 $0
2021 $4,704 $248,530 $0 $0
2020 $4,426 $241,300 $0 $0
2019 $4,310 $234,280 $0 $0
2018 $4,110 $227,460 $0 $0
2017 $3,943 $220,840 $0 $0
2016 $3,476 $214,410 $0 $0
2015 $3,401 $208,170 $0 $0
2014 $3,311 $202,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15498384

Regional Multiple Listing Service (RMLS)

APN: R164218