$284,500
SOLD OCT 25, 2016

8860 SE Ellis St Unit 8862 Portland, OR 97266

Lents Neighborhood
4 Beds
2 Baths
1,404 Sq Ft
6,882 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

7% Above List Price

2 Days on Market

Highlights

  • Storage
  • Level Lot
  • 1-Story Property
  • Property is near a bus stop
  • Lap Siding

About This Home

As of February 2021

Budget duplex in growing SE area close to buses, freeway, restaurants and shopping. Front unit just redone and available to preview. Back unit has longer term tenant, bigger yard, and is more private. Great for 1st rental property or live in one side, rent the other! Let your tenant make your mortgage payments! Lots of new construction in the immediate area. Property manager says rents should be $950 per side. Realtor related to seller.

Last Agent to Sell the Property

Gary Majors

Keller Williams Realty Professionals License #851200119 Listed on: 09/29/2016

Keller Williams Realty Professionals

Last Buyer's Agent

Scott Weinberg

JMA Properties LLC License #200012148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,163

Year Built

  • Built in 1965

Parking

  • Carport
  • Open Parking

Home Design

  • Lap Siding

Interior Spaces

  • 1-Story Property
  • Storage
  • Range

Additional Features

  • Level Lot
  • Property is near a bus stop
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,163

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 1404
  • Stories: 1
  • Year Built: 1965
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space, No Basement
  • Legal Description: BERNHARDT PK, BLOCK 2, E 50' OF W 60.6' OF LOT 10
  • Storage: Locked

Exterior Features

  • Exterior Description: Lap Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Carport, Open

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Utilities Included: Sewer, Water

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Storage

Schools

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

Lot Info

  • Lot Description: On Busline, Level
  • Zoning: R1

Tax Info

  • Tax Amount: 3331.92
  • Assessor Parcel Number: R115546

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.77

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%
Current Estimated Value
$474,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,265
Avg. Annual Appreciation
1.42%
Original Mortgage
$414,040
Outstanding Balance
$370,842
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$103,687

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

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 Type Sale Price Title Company
Warranty Deed $445,000 Old Republic Title
Warranty Deed $284,500 First American
Special Warranty Deed $155,006 First American
Trustee Deed $176,400 Fidelity National Title Co
Warranty Deed $205,000 Fidelity Natl Title Co Of Or
Warranty Deed $137,490 Pacific Nw Title
Warranty Deed $116,900 Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $414,040 New Conventional
Previous Owner $120,000 Purchase Money Mortgage
Previous Owner $41,000 Stand Alone Second
Previous Owner $164,000 Fannie Mae Freddie Mac
Previous Owner $109,992 Purchase Money Mortgage
Closed $20,623 No Value Available
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
2024 $5,163 $192,980 -- --
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: 16364582

Regional Multiple Listing Service (RMLS)

APN: R115546