NOT LISTED FOR SALE

96 NE Olvera Ct Unit 98 Gresham, OR 97030

Powell Valley Neighborhood

Estimated Value: $451,000 - $484,000

4 Beds
2 Baths
2,056 Sq Ft
$227/Sq Ft Est. Value

Last Sold November 22, 2024

Last sale price $460,000 $224 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,955/month

31 Days on Market

Highlights

  • View of Trees or Woods
  • No HOA
  • Property is near a bus stop
  • Corner Lot
  • Landscaped with Trees
  • Forced Air Heating System

About This Home

As of November 2024

Gresham corner lot duplex in the popular El Camino neighborhood priced to sell. Generous units with 2 bedrooms, 1 full bath, fireplaces and private rear decks. Utility rooms include storage space plus the attached garage has direct access to the units. Efficient forced air gas heat in both units PLUS wood burning fireplaces. Unit 98 has recent updates recently updated with fresh interior paint, flooring and carpeting. Amenities incl easy care metal siding LAP siding, relaxing front porches and private rear decks. This property has a solid rental history making it an attractive investment opportunity.

Last Agent to Sell the Property

Tony Lozzi

John L. Scott Portland Metro Brokerage Phone: 503-665-0111 License #910500196 Listed on: 09/06/2024

John L. Scott Portland Metro

Last Buyer's Agent

Jesus Gomez

RE/MAX Equity Group License #200107117

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,239

Year Built

  • Built in 1979

Lot Details

  • 9,147 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Lap Siding
  • Metal Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,056 Sq Ft Home
  • 2-Story Property
  • Views of Woods
  • Crawl Space

Location

  • Property is near a bus stop

Schools

  • Powell Valley Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R154904

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • El Camino Subdivision

Building Details

  • Operating Expense $8,830
  • Gross Income $35,400
  • Net Operating Income $26,570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,239

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1979
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 460000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding,MetalSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Level, OnBusline, PublicRoad, Trees
  • Road Surface Type: Paved
  • Water Body Name: NA
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

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

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Internet Service Type: Cable,Other
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Powell Valley
  • High School: Sam Barlow
  • Middle Or Junior School: Gordon Russell

Lot Info

  • Zoning: RESID
  • Lot Size Acres: 0.21
  • Lot Size: IRREG - 9,0000 Sq Ft
  • Lot Size Sq Ft: 9147.0
  • Parcel #: R154904

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5239.36
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.11
  • Annual Gross Income: 35400.0
  • Property Net Operating Income: 26570.0
  • Annual Operating Expense: 8830.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Nov 13, 2024
Sold by
Holland Tom and Santell Vici Y
Bought by
Moran Edgar Gomez and Stein Carola
Seller's Agent
Tony Lozzi
John L. Scott Portland Metro
Buyer's Agent
Jesus Gomez
RE/MAX Equity Group
List Price
$499,499
Sold Price
$460,000
Premium/Discount to List
-$39,499
-7.91%
Views
17
Current Estimated Value
$467,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,037
Avg. Annual Appreciation
1.42%
Original Mortgage
$345,000
Outstanding Balance
$341,352
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$125,685

Purchase Details

Closed on
Oct 20, 2022
Sold by
Santell Jeffery T
Bought by
Santell Jeffery T and Holland Thomas D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Moran Edgar Gomez $460,000 Wfg Title
Moran Edgar Gomez $460,000 Wfg Title
Santell Jeffery T -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moran Edgar Gomez $345,000
Closed Moran Edgar Gomez $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $460,000 -7.9% $224 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $499,499 -- $243 / 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 $6,007 $295,210 -- --
2024 $5,751 $286,620 -- --
2023 $5,751 $278,280 $0 $0
2022 $5,093 $270,180 $0 $0
2021 $4,965 $262,320 $0 $0
2020 $4,671 $254,680 $0 $0
2019 $4,549 $247,270 $0 $0
2018 $4,338 $240,070 $0 $0
2017 $4,162 $233,080 $0 $0
2016 $3,669 $226,300 $0 $0
2015 $3,590 $219,710 $0 $0
2014 $3,423 $213,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tony Lozzi

    Seller's Agent in 2024

    Tony Lozzi

    John L. Scott Portland Metro

    (503) 789-7090

    5 in this area

    75 Total Sales

    Tony Lozzi
    Section Image
  • Jesus Gomez

    Buyer's Agent in 2024

    Jesus Gomez

    RE/MAX

    (503) 890-8046

    5 in this area

    194 Total Sales

    Jesus Gomez
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24583741

Regional Multiple Listing Service (RMLS)

APN: R154904

Oregon Multnomah County Gresham 97030 Powell Valley

96 NE Olvera Ct Unit 98, Gresham, OR

Not Listed for Sale

MultiFamily

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