NOT LISTED FOR SALE

9032 SW Monterey Place Portland, OR 97225

Estimated Value: $607,000 - $687,177

4 Beds
2 Baths
2,200 Sq Ft
$289/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $620,000 $282 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,874/month

15 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 1-Story Property
  • West Tualatin View Elementary School Rated A-
  • Wood Siding

About This Home

As of May 2024

Introducing a unique investment opportunity with this well-maintained duplex at 9032 SW Monterey, each side offering approximately 1100 sq ft of living space. Both units feature 2 bedrooms and 2 full baths, including a primary bedroom with an en-suite bathroom, perfect for comfort and privacy. Enjoy the convenience of in-unit laundry rooms, fenced backyards for intimate gatherings, and private one-car garages.Both have had some minor updates, with photos showcasing the interiors of just one. Please note that current rents are below market value, presenting significant potential for increased revenue. Ideally located near Providence St. Vincent Hospital and Medical Center, this property is not only perfect for investors seeking a lucrative asset but also offers a fantastic living option for buyers who wish to reside in one unit while renting out the other to help cover the mortgage.Don?t miss out on this dual opportunity for both lifestyle and investment. Contact your agent today to learn more and schedule a viewing!

Last Agent to Sell the Property

Timothy Saeland

RE/MAX Equity Group License #200305109 Listed on: 04/30/2024

RE/MAX Equity Group

Last Buyer's Agent

Jessica Lipscomb

Windermere Realty Trust License #200406135

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,571

Year Built

  • Built in 1966

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Cedar Park Middle School
  • Sunset High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number R9038

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,500
  • Gross Income $30,600
  • Net Operating Income $22,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,571

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1966
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Other,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • High School: Sunset
  • Middle Or Junior School: Cedar Park

Lot Info

  • Zoning: 1015
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.0
  • Parcel #: R9038

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5571.31

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 19.6
  • Annual Gross Income: 30600.0
  • Property Net Operating Income: 22100.0
  • Annual Operating Expense: 8500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2024
Closed on
May 30, 2024
Sold by
Crisp Family Trust and Crisp Ian J
Bought by
Beavershire Llc and Tonshire Llc
Seller's Agent
Timothy Saeland
RE/MAX Equity Group
Buyer's Agent
Jessica Lipscomb
Windermere Realty Trust
List Price
$599,900
Sold Price
$620,000
Premium/Discount to List
$20,100
3.35%
Views
172
Current Estimated Value
$635,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,044
Avg. Annual Appreciation
1.79%

Purchase Details

Closed on
Sep 15, 2006
Sold by
Crisp Ian J and Crisp Amie F
Bought by
Crisp Ian J and Crisp Amie Frances

Purchase Details

Closed on
Jul 7, 2003
Sold by
Lian Betty J
Bought by
Crisp Ian J and Crisp Amie F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
5.18%
Mortgage Type
Unknown

Purchase Details

Closed on
May 21, 1999
Sold by
Mills Kenneth M and Mills Nicole Renee
Bought by
Lien Ernest B and Lien Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,730
Interest Rate
6.86%

Purchase Details

Closed on
Dec 23, 1996
Sold by
Mills Kenneth M
Bought by
Mills Kenneth M and Mills Nicole Renee

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
7.59%
Mortgage Type
Purchase Money Mortgage
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
Beavershire Llc $620,000 Fidelity National Title
Crisp Ian J -- None Available
Crisp Ian J $255,000 Pacific Nw Title
Lien Ernest B $217,500 Fidelity National Title Co
Mills Kenneth M -- Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crisp Ian J $163,000
Previous Owner Lien Ernest B $195,730
Previous Owner Mills Kenneth M $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $620,000 +3.4% $282 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
04/30/2024 04/30/24 For Sale $599,900 -- $273 / 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
2025 $5,933 $327,620 -- --
2024 $5,571 $318,080 -- --
2023 $5,571 $308,820 $0 $0
2022 $5,391 $308,820 $0 $0
2021 $5,197 $291,100 $0 $0
2020 $5,040 $282,630 $0 $0
2019 $4,876 $274,400 $0 $0
2018 $4,716 $266,410 $0 $0
2017 $4,547 $258,660 $0 $0
2016 $4,384 $251,130 $0 $0
2015 $4,215 $243,820 $0 $0
2014 $4,131 $236,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Timothy Saeland

    Seller's Agent in 2024

    Timothy Saeland

    RE/MAX

    (503) 332-1013

    8 in this area

    163 Total Sales

    Timothy Saeland
    Section Image
  • Jessica Lipscomb

    Buyer's Agent in 2024

    Jessica Lipscomb

    Windermere Realty Trust

    (503) 294-1101

    2 in this area

    44 Total Sales

    Jessica Lipscomb
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24606310

Regional Multiple Listing Service (RMLS)

APN: R9038

Oregon Washington County Portland 97225

9032 SW Monterey Place, Portland, OR

This home is located at 9032 SW Monterey Place, Portland, OR 97225 since 30 April 2024 and is currently estimated at $635,044, approximately $288 per square foot. This property was built in 1966. 9032 SW Monterey Place is a home located in Washington County with nearby schools including West Tualatin View Elementary School, Cedar Park Middle School, and Beaverton 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.

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