NOT LISTED FOR SALE

8860 SE Ellis St Unit 8862 Portland, OR 97266

Lents Neighborhood

Estimated Value: $412,091 - $487,000

4 Beds
2 Baths
1,404 Sq Ft
$319/Sq Ft Est. Value

Last Sold February 18, 2021

Last sale price $445,000 $317 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,930/month

208 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 1-Story Property
  • Washer and Dryer
  • Wood Siding

About This Home

As of February 2021

EASY TO MAINTAIN fully leased side by side duplex in Lents neighborhood of Southeast Portland. One of the fastest-growing areas in Portland. This charming property has had strong tenant history with a low maintenance schedule. Close by restaurants, bars, grocery, highway access, public transportation and train access just steps away make this property highly desirable and easy to lease! MAKE AN OFFER!!

Last Agent to Sell the Property

Nick Krautter

City and State Real Estate License #200601292 Listed on: 06/23/2020

Co-Listed By

Jordan Fezler

Apex Residential License #201225534

Last Buyer's Agent

Melissa Dorman

Living Room Realty License #201222278

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,965

Year Built

  • Built in 1965

Lot Details

  • 6,882

Parking

  • Carport

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Microwave
  • Washer and Dryer

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,965

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1404
  • Stories: 1
  • Year Built: 1965
  • Remarks Public: EASY TO MAINTAIN fully leased side by side duplex in Lents neighborhood of Southeast Portland. One of the fastest-growing areas in Portland. This charming property has had strong tenant history with a low maintenance schedule. Close by restaurants, bars, grocery, highway access, public transportation and train access just steps away make this property highly desirable and easy to lease! MAKE AN OFFER!!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: BERNHARDT PK, BLOCK 2, E 50' OF W 60.6' OF LOT 10

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Parking Description: Carport

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Active Solar

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Microwave, Washer/Dryer

Schools

  • Elementary School: Lent
  • Middle School: Lent
  • High School: Franklin

Lot Info

  • Lot Description: Level
  • Zoning: RM2
  • Water Rights Supplement: No

Green Features

  • Green Building Verification Type: Home Energy Score
  • Green Energy Supplement: Yes
  • Green Verification HES Metric: 1
  • Green Verification HES: https://rpt.greenbuildingregistry.com/hes/OR10167489
  • Green Verification HES Year: 2018

Rental Info

  • Rent Includes: Maintenance Grounds

Tax Info

  • Tax Amount: 4350.37
  • Assessor Parcel Number: R115546
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.32

MLS Schools

  • Elementary School: Lent
  • High School: Franklin
  • Middle School: Lent

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2020
Closed on
Feb 16, 2021
Sold by
Cv Properties Llc
Bought by
Rojas Cristina Santamarie
Seller's Agent
Nick Krautter
City and State Real Estate
Buyer's Agent
Melissa Dorman
Living Room Realty
List Price
$449,000
Sold Price
$445,000
Premium/Discount to List
-$4,000
-0.89%
Total Days on Market
208
Current Estimated Value
$448,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,273
Avg. Annual Appreciation
0.90%
Original Mortgage
$414,040
Outstanding Balance
$375,062
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$87,375

Purchase Details

Listed on
Sep 29, 2016
Closed on
Oct 20, 2016
Sold by
Livingston Adrian C
Bought by
Cv Properties Llc
Seller's Agent
Gary Majors
Keller Williams Realty Professionals
Buyer's Agent
Scott Weinberg
JMA Properties LLC
List Price
$265,000
Sold Price
$284,500
Premium/Discount to List
$19,500
7.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.91%

Purchase Details

Closed on
Sep 29, 2008
Sold by
Us Bank Na
Bought by
Majors Gary L and Majors Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2008
Sold by
Garcia Marcos Zarate
Bought by
Us Bank Na

Purchase Details

Closed on
Sep 19, 2005
Sold by
Sarieddine Emad Y
Bought by
Garcia Marcos Zarate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,000
Interest Rate
5.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 6, 2003
Sold by
Bryan Shirley C
Bought by
Sarieddine Emad Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,992
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 1998
Sold by
Hartley Marlene R
Bought by
Ehrlin Shirley C
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
Rojas Cristina Santamarie $445,000 Old Republic Title
Cv Properties Llc $284,500 First American
Majors Gary L $155,006 First American
Us Bank Na $176,400 Fidelity National Title Co
Garcia Marcos Zarate $205,000 Fidelity Natl Title Co Of Or
Sarieddine Emad Y $137,490 Pacific Nw Title
Ehrlin Shirley C $116,900 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rojas Cristina Santamarie $414,040
Previous Owner Majors Gary L $120,000
Previous Owner Garcia Marcos Zarate $41,000
Previous Owner Garcia Marcos Zarate $164,000
Previous Owner Sarieddine Emad Y $109,992
Closed Sarieddine Emad Y $20,623
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2021 02/18/21 Sold $445,000 -0.9% $317 / Sq Ft
01/17/2021 01/17/21 Pending -- -- --
11/16/2020 11/16/20 For Sale $449,000 0.0% $320 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $449,000 +57.8% $320 / Sq Ft
10/25/2016 10/25/16 Sold $284,500 +7.4% $203 / Sq Ft
10/01/2016 10/01/16 Pending -- -- --
09/29/2016 09/29/16 For Sale $265,000 -- $189 / 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 $4,965 $187,360 $0 $0
2022 $4,857 $181,910 $0 $0
2021 $4,775 $176,620 $0 $0
2020 $4,381 $171,480 $0 $0
2019 $4,350 $166,490 $0 $0
2018 $4,096 $161,648 $0 $0
2017 $3,739 $149,470 $0 $0
2016 $3,422 $145,120 $0 $0
2015 $3,332 $140,900 $0 $0
2014 $3,282 $136,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20409744

Regional Multiple Listing Service (RMLS)

APN: R115546