NOT LISTED FOR SALE

931 Prospect St Oregon City, OR 97045

Elyville Neighborhood

Estimated Value: $1,127,000 - $1,221,000

8 Beds
4 Baths
4,000 Sq Ft
$292/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $1,120,000 $280 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,286/month

139 Days on Market

Highlights

  • New Construction
  • Zoned Heating
  • Level Lot

About This Home

As of August 2023

Hard-to-find new construction 4-Plex. Fully rented! No maintenance for years to come. Each unit is 1000 sq ft, 2 Bedrooms, 1½ Bathrooms with washer & dryer hookups. Spacious great room downstairs with bedrooms upstairs. Luxury vinyl plank floors on main with carpet upstairs. All kitchen appliances included. Great location in Oregon City near the bus line and easy access to downtown and freeway. Walking distance to grocery stores, restaurants, and more. One unit rented at $2000/mo and three at $1800/mo. Easy to rent!

Last Agent to Sell the Property

Steve Nassar

Premiere Property Group, LLC License #201202032 Listed on: 02/08/2023

Premiere Property Group, LLC

Co-Listed By

Greg Long

Premiere Property Group, LLC License #200610222

Last Buyer's Agent

Shannon Dooley

Think Real Estate License #201220065

Think Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $871

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property

Schools

  • Gaffney Lane Elementary School
  • Gardiner Middle School
  • Oregon City High School

Utilities

  • No Cooling
  • Zoned Heating

Listing and Financial Details

  • Assessor Parcel Number 05017489

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $17,576
  • Gross Income $88,800
  • Net Operating Income $71,224

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$871

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

3

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: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Tank
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Gaffney Lane
  • High School: Oregon City
  • Middle Or Junior School: Gardiner

Lot Info

  • Zoning: Res
  • Parcel #: 05017489

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 871.23

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.95
  • Annual Gross Income: 88800.0
  • Property Net Operating Income: 71224.0
  • Annual Operating Expense: 17576.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2023
Closed on
Jul 31, 2023
Sold by
Expanse Investments Llc
Bought by
Freeman Richard and Freeman Crystal
Seller's Agent
Steve Nassar
Premiere Property Group, LLC
Buyer's Agent
Shannon Dooley
Think Real Estate
List Price
$1,295,000
Sold Price
$1,120,000
Premium/Discount to List
-$175,000
-13.51%
Views
397
Current Estimated Value
$1,158,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,398
Avg. Annual Appreciation
1.17%
Original Mortgage
$650,230
Interest Rate
6.67%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 12, 2007
Sold by
Ahrens Philip D
Bought by
Clackamas Investment Co Llc
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
Freeman Richard $1,120,000 Lawyers Title
Clackamas Investment Co Llc $102,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Richard $743,000
Closed Freeman Richard $650,230
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $1,120,000 -2.6% $280 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/14/2023 06/14/23 Price Changed $1,150,000 -8.0% $288 / Sq Ft
03/31/2023 03/31/23 Price Changed $1,250,000 -3.5% $313 / Sq Ft
02/08/2023 02/08/23 For Sale $1,295,000 -- $324 / 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 $11,704 $447,681 $0 $0
2022 $871 $47,683 $0 $0
2021 $842 $46,626 $0 $0
2020 $818 $45,268 $0 $0
2019 $801 $43,950 $0 $0
2018 $761 $42,670 $0 $0
2017 $741 $41,427 $0 $0
2016 $728 $40,220 $0 $0
2015 $709 $39,049 $0 $0
2014 $669 $37,912 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Nassar

    Seller's Agent in 2023

    Steve Nassar

    Premiere Property Group, LLC

    (503) 805-5582

    1 in this area

    751 Total Sales

    Section Image
  • Greg Long

    Seller Co-Listing Agent in 2023

    Greg Long

    Premiere Property Group, LLC

    (503) 413-0027

    1 in this area

    123 Total Sales

    Section Image
  • Shannon Dooley

    Buyer's Agent in 2023

    Shannon Dooley

    Think Real Estate

    (503) 201-2345

    1 in this area

    63 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23271247

Regional Multiple Listing Service (RMLS)

APN: 05017489

Oregon Clackamas County Oregon City 97045 Elyville

931 Prospect St, Oregon City, OR

This home is located at 931 Prospect St, Oregon City, OR 97045 since 08 February 2023 and is currently estimated at $1,169,766, approximately $292 per square foot. This property was built in 2023. 931 Prospect St is a home located in Clackamas County with nearby schools including Gaffney Lane Elementary School, Gardiner Middle School, and Oregon City Senior High School.

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