NOT LISTED FOR SALE

Estimated Value: $319,000 - $468,000

4 Beds
2 Baths
1,050 Sq Ft
$385/Sq Ft Est. Value

Last Sold October 08, 2018

Last sale price $300,000 $286 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,372/month

16 Days on Market

About This Home

As of October 2018

Newly remodeled duplex occupied by good tenants in 1 year leases. $2,100 per month in rental income. Large lot with side and back yards. New flooring and paint throughout. Remodeled bathrooms, new cadet heaters, and new water heaters. Great cash flow and quality tenants. Email listing agent for financialsand rent roll.

Last Agent to Sell the Property

CHRISTIAN BRYANT

IRC Real Estate LLC License #200901083 Listed on: 08/17/2018

Last Buyer's Agent

Rachael Slack

Keller Williams PDX Central License #201214744

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,490

Year Built

  • Built in 1942

Lot Details

  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Metal Roof

Interior Spaces

  • 1,050 Sq Ft Home
  • Crawl Space

Schools

  • Lewelling Elementary School
  • Rowe Middle School
  • Milwaukie High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 00060310

Community Details

Overview

  • 2 Units
  • Property managed by IRC Real Estate LLC

Building Details

  • Operating Expense $5,000
  • Gross Income $25,200
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,490

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1942
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Management Name: IRC Real Estate LLC

Schools

  • Elementary School: Lewelling
  • High School: Milwaukie
  • Middle Or Junior School: Rowe

Lot Info

  • Zoning: R7
  • Parcel #: 00060310

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2017
  • Tax Annual Amount: 1490.47

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.85
  • Annual Gross Income: 25200.0
  • Property Net Operating Income: 20000.0
  • Annual Operating Expense: 5000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2018
Closed on
Oct 8, 2018
Sold by
Blair Ronald E
Bought by
Lysick April and Rowell Jonathan Douglas
Seller's Agent
CHRISTIAN BRYANT
IRC Real Estate LLC
Buyer's Agent
Rachael Slack
Keller Williams PDX Central
List Price
$349,000
Sold Price
$300,000
Premium/Discount to List
-$49,000
-14.04%
Current Estimated Value
$403,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,795
Avg. Annual Appreciation
3.47%

Purchase Details

Closed on
Aug 24, 2012
Sold by
Blair Karen A
Bought by
Blair Ronald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,789
Interest Rate
3.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2005
Sold by
Cox Curtis C and Cox Manola O
Bought by
Blair Ronald E and Blair Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,500
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2003
Sold by
Phelps Keith B and Phelps Carol C
Bought by
Cox Curtis C and Cox Manola O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,920
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 1997
Sold by
Ehman Neil D and Ehman Denise S
Bought by
Phelps Keith B and Phelps Carol C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lysick April $300,000 Old Republic Title Co
Blair Ronald E -- Wfg Title
Blair Ronald E $158,000 Fidelity Natl Title Co Of Or
Cox Curtis C $134,900 Chicago Title Insurance Comp
Phelps Keith B $100,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blair Ronald E $117,789
Previous Owner Blair Ronald E $125,500
Previous Owner Cox Curtis C $107,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2018 10/08/18 Sold $300,000 -14.0% $286 / Sq Ft
09/01/2018 09/01/18 Pending -- -- --
08/16/2018 08/16/18 For Sale $349,000 -- $332 / 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 $2,065 $104,643 $0 $0
2022 $1,902 $101,596 $0 $0
2021 $1,833 $98,637 $0 $0
2020 $1,778 $95,765 $0 $0
2019 $1,753 $92,976 $0 $0
2018 $1,538 $90,268 $0 $0
2017 $1,490 $87,639 $0 $0
2016 $1,439 $85,086 $0 $0
2015 $1,399 $82,608 $0 $0
2014 $1,323 $80,202 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18561009

Regional Multiple Listing Service (RMLS)

APN: 00060310