NOT LISTED FOR SALE

Portland, OR 97266

Powellhurst-Gilbert Neighborhood

Estimated Value: $681,000 - $952,000

10 Beds
8 Baths
4,280 Sq Ft
$179/Sq Ft Est. Value

Sale Details

Date Sold: November 7, 2019

Last sale price $745,000 $174 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,047 / mo

323 Days on Market

Highlights

  • Garage
  • Level Lot
  • 4-minute walk to Raymond City Park
  • Washer and Dryer

About This Home

As of November 2019

BEST BUY in SE Portland!! Apartments were built in 2004. House is older, but totally updated and rebuilt about 2004; maybe no permits. All have ranges, refrigerators, dishwashers and garbage disposals. Absolutely no known deferred maintenance. Based on actual, current rents, $5,505 per month, GRM is only 11.9x, VERY good for this high quality. Please do not disturb tenants.

Last Agent to Sell the Property

Tom Abalan

Kelly Right Real Estate of Portland, LLC License #200606374 Listed on: 11/09/2018

Kelly Right Real Estate of Portland, LLC

Last Buyer's Agent

Sitka Chiu

Forum Real Estate LLC License #200507361

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.25

Parking

  • Garage
  • Assigned Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0.25 Acres

Parking

4

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4280
  • Stories: 2
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SECTION 15 1S 2E, TL 4800 0.25 ACRES
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 4
  • Parking Description: Assigned, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace

Condo/Co-op/Association

  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup, Washer/Dryer

Lot Info

  • Lot Description: Level
  • Zoning: R2

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 8744.54
  • Assessor Parcel Number: R335698
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 16.41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2021
Sold by
Lam Phyllis Sk
Bought by
Chiu Sitka Hf
Current Estimated Value
$750,246

Purchase Details

Listed on
Nov 9, 2018
Closed on
Nov 4, 2019
Sold by
Mapleiane Properties Llc
Bought by
Chiu Sitka Hing Fook and Sau King Lam Phyllis
Seller's Agent
Tom Abalan
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Sitka Chiu
Forum Real Estate LLC
List Price
$784,900
Sold Price
$745,000
Premium/Discount to List
-$39,900
-5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.40%

Purchase Details

Closed on
Mar 26, 2008
Sold by
Galvez Michael J and Galvez Denise L
Bought by
Maplelane Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2008
Sold by
Maplelane Properties Llc
Bought by
Galvez Michael J and Galvez Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2004
Sold by
Galvez Michael James and Galvez Denise L
Bought by
Maplelane Properties Llc

Purchase Details

Closed on
Feb 1, 2004
Sold by
Kosta James B and Kosta Arlius E
Bought by
B W Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,950
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2004
Sold by
B W Construction Inc
Bought by
Galvez Michael James and Galvez Denise L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,950
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2003
Sold by
B W Construction Inc
Bought by
Kosta James B and Kosta Arlius E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
6.22%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chiu Sitka Hf -- None Available
Chiu Sitka Hing Fook $745,000 Ticor Title
Maplelane Properties Llc -- Accommodation
Galvez Michael J -- Pacific Nw Title
Maplelane Properties Llc -- --
B W Construction Inc -- Fidelity Natl Title Co Of Or
Galvez Michael James $399,950 Fidelity Natl Title Co Of Or
Kosta James B -- Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galvez Michael J $289,000
Previous Owner Galvez Michael James $299,950
Previous Owner Kosta James B $306,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2019 11/07/19 Sold $745,000 -5.1% $174 / Sq Ft
09/28/2019 09/28/19 Pending -- -- --
09/20/2019 09/20/19 For Sale $784,900 -5.4% $183 / Sq Ft
09/10/2019 09/10/19 Pending -- -- --
11/09/2018 11/09/18 For Sale $829,500 -- $194 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $12,504 $517,110 -- --
2024 $11,977 $502,050 -- --
2023 $11,456 $487,430 $0 $0
2022 $10,860 $473,240 $0 $0
2021 $10,681 $459,460 $0 $0
2020 $9,676 $446,080 $0 $0
2019 $9,368 $433,090 $0 $0
2018 $9,080 $420,480 $0 $0
2017 $8,745 $408,240 $0 $0
2016 $7,820 $396,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Tom Abalan

    Kelly Right Real Estate of Portland, LLC

    Section Image

  • S

    Buyer's Agent in 2019

    Sitka Chiu

    Forum Real Estate LLC

    (971) 533-2338

    3 in this area

    45 Total Sales

    Sitka Chiu
    Section Image
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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18279580

Regional Multiple Listing Service (RMLS)

APN: R335698

Oregon Multnomah County Portland 97266

Powellhurst-Gilbert

Not Listed for Sale

MultiFamily

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