NOT LISTED FOR SALE

Gresham, OR 97030

Northeast Gresham Neighborhood

Estimated Value: $507,585 - $620,000

6 Beds
4 Baths
2,198 Sq Ft
$260/Sq Ft Est. Value

Last Sold March 26, 2024

Last sale price $580,000 $264 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,461/month

3 Days on Market

Highlights

  • RV Access or Parking
  • Baseboard Heating
  • Garage

About This Home

As of March 2024

Hard to find a duplex with 3 bedrooms on each side. Recently updated as photos will show. New flooring cabinets cupboards and recent roof about 4 years ago. Good-sized lot with RV parking and abundant backyard space. just blocks to Mt Hood C. Upon an acceptable offer we are happy to show you the spaces.

Last Agent to Sell the Property

Tom Giusto

Oregon First License #200311195 Listed on: 12/24/2023

Oregon First

Co-Listed By

Vivianne Giusto

Oregon First License #201207013

Last Buyer's Agent

Brent Ryder

The Broker Network, LLC License #200903013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,755

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 8,015

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,198 Sq Ft Home
  • Crawl Space

Parking

  • Garage
  • RV Access or Parking

Schools

  • Hall Elementary School
  • Gordon Russell Middle School
  • Sam Barlow High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R272202

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,357
  • Gross Income $42,000
  • Net Operating Income $33,643

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,755

Year Built

Built in 1977 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1977
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • 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: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, RVAccessParking
  • Attached Garage: No

Utilities

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

Schools

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

Lot Info

  • Zoning: LDR
  • Parcel #: R272202

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4754.91

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.69
  • Annual Gross Income: 42000.0
  • Property Net Operating Income: 33643.0
  • Annual Operating Expense: 8357.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2024
Sold by
Drechsler Paul and Drechsler Amanda
Bought by
Jeronimo Juan Molina and Elias Sergio Molina
Current Estimated Value
$570,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,494
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 15, 2018
Closed on
May 31, 2018
Sold by
Case Rex L
Bought by
Derchsler Paul and Derchsler Amanda
Seller's Agent
Kim Wheeler
Keller Williams Realty Portland Elite
Buyer's Agent
Tom Giusto
Oregon First
List Price
$360,000
Sold Price
$381,000
Premium/Discount to List
$21,000
5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%
Original Mortgage
$285,750
Interest Rate
4.4%
Mortgage Type
New Conventional
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
Jeronimo Juan Molina $580,000 First American Title
Derchsler Paul $381,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jeronimo Juan Molina $569,494
Previous Owner Derchsler Paul $285,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2024 03/26/24 Sold $580,000 +0.9% $264 / Sq Ft
12/28/2023 12/28/23 Pending -- -- --
12/24/2023 12/24/23 For Sale $575,000 +50.9% $262 / Sq Ft
06/04/2018 06/04/18 Sold $381,000 +5.8% $173 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
04/15/2018 04/15/18 For Sale $360,000 -- $164 / 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
2024 $5,219 $260,120 -- --
2023 $4,755 $252,550 $0 $0
2022 $4,622 $245,200 $0 $0
2021 $4,506 $238,060 $0 $0
2020 $4,239 $231,130 $0 $0
2019 $4,128 $224,400 $0 $0
2018 $3,936 $217,870 $0 $0
2017 $3,777 $211,530 $0 $0
2016 $3,330 $205,370 $0 $0
2015 $3,258 $199,390 $0 $0
2014 $3,179 $193,590 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Giusto

    Seller's Agent in 2024

    Tom Giusto

    Oregon First

    (877) 763-9315

    1 in this area

    30 Total Sales

    Tom Giusto
    Section Image
  • Vivianne Giusto

    Seller Co-Listing Agent in 2024

    Vivianne Giusto

    Oregon First

    (503) 313-2411

    1 in this area

    23 Total Sales

    Vivianne Giusto
    Section Image

  • B

    Buyer's Agent in 2024

    Brent Ryder

    The Broker Network, LLC

    (503) 465-5077

    1 in this area

    22 Total Sales

    Brent Ryder
    Section Image
  • Kim Wheeler

    Seller's Agent in 2018

    Kim Wheeler

    Keller Williams Realty Portland Elite

    (503) 320-9739

    106 Total Sales

    Kim Wheeler
    Section Image
  • Kristina Molina

    Seller Co-Listing Agent in 2018

    Kristina Molina

    Keller Williams Realty Portland Elite

    (503) 668-3178

    115 Total Sales

    Kristina Molina
    Section Image
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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23186646

Regional Multiple Listing Service (RMLS)

APN: R272202

Oregon Multnomah County Gresham 97030

Northeast Gresham

This home since 24 December 2023 and is currently estimated at $570,646, approximately $259 per square foot. This property was built in 1977. This home is a home located in Multnomah County with nearby schools including Hall Elementary School, Gordon Russell Middle School, and Sam Barlow High School.

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