NOT LISTED FOR SALE

Portland, OR 97232

Kerns Neighborhood

Estimated Value: $660,000 - $848,000

4 Beds
2 Baths
2,500 Sq Ft
$304/Sq Ft Est. Value

Last Sold May 19, 2016

Last sale price $627,500 $251 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,911/month

6 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • Wood Siding
  • Cleveland High School Rated A-

About This Home

As of May 2016

Open House Sunday 1-3. All offers reviewed Sunday at 5:00 PM. Great duplex, close in PDX. Two-2 bed/1 bath units.High ceilings. Hardwoods in living rm, open floor plan, dining rm/kitchen w/elect cooking, dishwasher, fridge. One main level bedrm + full bath w/tub shower combo.Upper 2nd bedrm. Separate basement areas w/plenty of storage, w + d, + utility sink.Great private yard, one unit w/deck. Close to shopping, restaurants.

Last Agent to Sell the Property

Jeffrey Capen

Windermere Realty Trust License #200308199 Listed on: 04/20/2016

Windermere Realty Trust

Last Buyer's Agent

Eric Holmes

Dwell Realty License #200608111

Dwell Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,952

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property

Schools

  • Buckman Elementary School
  • Cleveland High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R278395

Community Details

Overview

  • 2 Units
  • Sullivans Gulch Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $15,816
  • Gross Income $42,480
  • Net Operating Income $26,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,952

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1925
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Basement

Exterior Features

  • Exterior Description: WoodSiding
  • Foundation Details: Slab
  • View: No
  • Lot Features: Commons, Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: None
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Buckman
  • High School: Cleveland

Lot Info

  • Zoning: RH
  • Parcel #: R278395

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.12
  • Annual Gross Income: 42480.0
  • Property Net Operating Income: 26664.0
  • Annual Operating Expense: 15816.0

Tax Info

  • Tax Annual Amount: 5952.25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2022
Sold by
Simmons Brian W
Bought by
724-728 Ne 19Th Llc
Current Estimated Value
$768,456

Purchase Details

Listed on
Apr 20, 2016
Closed on
May 11, 2016
Sold by
Gcb Investments Llc
Bought by
Simmons Brian W and Simmons Jennifer B
Seller's Agent
Jeffrey Capen
Windermere Realty Trust
Buyer's Agent
Eric Holmes
Dwell Realty
List Price
$599,900
Sold Price
$627,500
Premium/Discount to List
$27,600
4.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.73%

Purchase Details

Closed on
Sep 9, 2013
Sold by
Genauer Gabriel
Bought by
Gcb Investments Llc

Purchase Details

Listed on
Jan 12, 2012
Closed on
May 14, 2012
Sold by
Barrs Carrington
Bought by
Genauer Gabriel
Seller's Agent
Mark Charlesworth
Keller Williams PDX Central
Buyer's Agent
Jeffrey Capen
Windermere Realty Trust
List Price
$275,000
Sold Price
$287,000
Premium/Discount to List
$12,000
4.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$215,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2012
Closed on
Mar 14, 2012
Sold by
Lee Joseph
Bought by
Barrs Carrington
Seller's Agent
Mark Charlesworth
Keller Williams PDX Central
Buyer's Agent
Jeffrey Capen
Windermere Realty Trust
List Price
$275,000
Sold Price
$287,000
Premium/Discount to List
$12,000
4.36%

Purchase Details

Listed on
Jan 12, 2012
Closed on
Feb 10, 2012
Sold by
88 Llc
Bought by
Lee Joseph
Seller's Agent
Mark Charlesworth
Keller Williams PDX Central
Buyer's Agent
Jeffrey Capen
Windermere Realty Trust
List Price
$275,000
Sold Price
$287,000
Premium/Discount to List
$12,000
4.36%

Purchase Details

Closed on
Feb 20, 2007
Sold by
Lee Joseph
Bought by
88 Llc

Purchase Details

Closed on
Jan 6, 2006
Sold by
Marashly Aladdin
Bought by
Lee Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.27%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 6, 1998
Sold by
Phillips Stanley K S
Bought by
Marashly Aladdin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.61%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
724-728 Ne 19Th Llc -- --
Simmons Brian W $627,500 Fidelity Natl Title Co Of Or
Gcb Investments Llc -- None Available
Genauer Gabriel $287,000 Fidelity Natl Title Co Of Or
Barrs Carrington $287,000 Fidelity Natl Title Co Of Or
Lee Joseph -- Accommodation
88 Llc -- None Available
Lee Joseph $430,000 Transnation Title Agency Or
Marashly Aladdin $170,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Genauer Gabriel $215,250
Previous Owner Lee Joseph $344,000
Previous Owner Marashly Aladdin $124,700
Previous Owner Marashly Aladdin $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2016 05/19/16 Sold $627,500 +4.6% $251 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $599,900 +109.0% $240 / Sq Ft
03/16/2012 03/16/12 Sold $287,000 +4.4% $162 / Sq Ft
03/01/2012 03/01/12 Pending -- -- --
01/12/2012 01/12/12 For Sale $275,000 -- $156 / 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 $8,448 $318,820 $0 $0
2022 $8,265 $309,540 $0 $0
2021 $8,126 $300,530 $0 $0
2020 $7,454 $291,780 $0 $0
2019 $7,180 $283,290 $0 $0
2018 $6,969 $275,040 $0 $0
2017 $6,679 $267,030 $0 $0
2016 $6,113 $259,260 $0 $0
2015 $5,952 $251,710 $0 $0
2014 $5,615 $244,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Capen

    Seller's Agent in 2016

    Jeffrey Capen

    Windermere Realty Trust

    (503) 888-5191

    1 in this area

    310 Total Sales

    Section Image
  • Eric Holmes

    Buyer's Agent in 2016

    Eric Holmes

    Dwell Realty

    (503) 208-3797

    41 Total Sales

    Section Image
  • Mark Charlesworth

    Seller's Agent in 2012

    Mark Charlesworth

    Keller Williams PDX Central

    (503) 444-5868

    2 in this area

    555 Total Sales

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16649676

Regional Multiple Listing Service (RMLS)

APN: R278395

Oregon Multnomah County Portland 97232

Kerns

This home since 20 April 2016 and is currently estimated at $760,275, approximately $304 per square foot. This property was built in 1925. This home is a home located in Multnomah County with nearby schools including Buckman Elementary School, Hosford Middle School, and Cleveland High School.

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