NOT LISTED FOR SALE

Estimated Value: $627,000 - $702,000

5 Beds
2 Baths
2,260 Sq Ft
$293/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $659,000 $292 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,153/month

14 Days on Market

Highlights

  • Attached Garage
  • Wood Siding
  • Gravity Heating System
  • Window Unit Cooling System

About This Home

As of May 2023

Vintage side by side duplex in prime Kerns neighborhood just steps to all the restaurants, shops and transit. Hardwood floors, tuck under garages, laundry and storage make these units feel more like detached homes. Owners unit has extensive upgrading including kitchen, bath and interior finishes. Tenant occupied unit is on a month to month with an long term tenant who would love to stay. Please do not walk the property without an appointment. Thanks!

Last Agent to Sell the Property

Chris Bonner

Neighbors Realty License #900200005 Listed on: 03/30/2023

Neighbors Realty

Last Buyer's Agent

Brittany Matthews

Think Real Estate License #201235184

Think Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,435

Year Built

  • Built in 1941

Lot Details

  • Sloped Lot

Parking

  • Attached Garage

Home Design

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

Interior Spaces

  • 2,260 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Partial Basement

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Gravity Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R126042

Community Details

Overview

  • 2 Units
  • Kerns Subdivision

Amenities

  • Common Area

Building Details

  • Gross Income $11,100
  • Net Operating Income $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,435

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1941
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • PublicRemarksAmenities: WalkScore 94 BikeScore 95 Prime spot close to all the hot spots on 28th...Restaurants, coffee shops, grocery stores, cute shops, theater, and bus lines. 5 blocks to Historic and treasured Laurelhurst Park, one of the premier urban parks in Portland.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartialBasement, Unfinished
  • Storage: Basement
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Sloped
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

  • Fuel Description: Oil
  • Hot Water: Electricity
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Gravity
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons
  • Neighborhood Features: Shops, Theater, Restaurants, Transit

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env

Lot Info

  • Zoning: R2.5
  • Parcel #: R126042

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5435.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 57.93
  • Annual Gross Income: 11100.0
  • Property Net Operating Income: 6000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Apr 18, 2023
Sold by
Lane Carolyn A
Bought by
Lampe Taylor
Seller's Agent
Chris Bonner
Neighbors Realty
Buyer's Agent
Brittany Matthews
Think Real Estate
List Price
$643,000
Sold Price
$659,000
Premium/Discount to List
$16,000
2.49%
Current Estimated Value
$662,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,301
Avg. Annual Appreciation
3.22%
Original Mortgage
$647,063
Interest Rate
6.27%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 2001
Sold by
Byron Barbara Jean
Bought by
Lane Carolyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,600
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Lampe Taylor $659,000 First American Title
Lane Carolyn A $192,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lampe Taylor $654,029
Closed Lampe Taylor $647,063
Previous Owner Lane Carolyn A $177,200
Previous Owner Lane Carolyn A $178,000
Previous Owner Lane Carolyn A $75,000
Previous Owner Lane Carolyn A $172,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $659,000 +2.5% $292 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $643,000 -- $285 / 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 $5,556 $209,660 $0 $0
2022 $5,436 $203,560 $0 $0
2021 $5,344 $197,640 $0 $0
2020 $4,902 $191,890 $0 $0
2019 $4,722 $186,310 $0 $0
2018 $4,583 $180,890 $0 $0
2017 $4,393 $175,630 $0 $0
2016 $4,020 $170,520 $0 $0
2015 $3,915 $165,560 $0 $0
2014 $3,856 $160,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23372897

Regional Multiple Listing Service (RMLS)

APN: R126042