Nicole Ellis
John L. Scott Market Center
(855) 340-7481
57 Total Sales
2 in Tillamook
$357K - $410K Price Range
1007 5th St Tillamook, OR 97141
Tillamook Area
89
Beds
62
Baths
48,040
Sq Ft
4.67
Acre Lot
Highlights
- 4.67 Acre Lot
- Contemporary Architecture
- 3-minute walk to Carnahan Park
About This Home
As of September 2014Excellent investment opportunity with this 62 unit 4-building complex that is in good condition, has been well-maintained, has full tenancy, waiting list, reliable management and maintenance staff on site, 6.80 CAP rate, and seller would prefer to provide financing with 50% down at 6% amortized over 20 years with or without balloon. Full financial pkg available for review.
Last Agent to Sell the Property
Juli Gun
Berkshire Hathaway Homeservices NW License #200410009 Listed on: 12/02/2013
Last Buyer's Agent
Valerie Schumann
Berkshire Hathaway Homeservices NW
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,734
Year Built
- Built in 1972
Lot Details
- 4.67
Home Design
- Contemporary Architecture
- Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 89 Bedrooms
- 62 Bathrooms
Additional Features
- Oven or Range
- 4.67 Acre Lot
Community Details
Overview
- 62 Units
Building Details
- Operating Expense $210,866
- Gross Income $400,883
- Net Operating Income $169,974
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2013
Closed on
Sep 12, 2014
Sold by
Bought by
Seller's Agent
Juli Gun
Berkshire Hathaway Homeservices NW
Buyer's Agent
Valerie Schumann
Berkshire Hathaway Homeservices NW
Sold Price
$2,250,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,687,500
Outstanding Balance
$457,895
Interest Rate
4.09%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Tillamook, OR
-
Nicole Ellis
-
Seth Belsey
Seth Belsey
Harcourts Coast Realty
(971) 791-2304
84 Total Sales
1 in Tillamook
$210,000 Price
-
Sally Jo Wickham
Sally Jo Wickham
Responds QuicklyUnited Real Estate Properties
(458) 215-1612
97 Total Sales
1 in Tillamook
$400,000 Price
-
Matthew Rossiter
Matthew Rossiter
Willamette Properties Group
(541) 255-1721
113 Total Sales
1 in Tillamook
$677,000 Price
-
Nick Shivers
Nick Shivers
eXp Realty, LLC
(971) 232-4415
1,261 Total Sales
2 in Tillamook
$230,000 Price Range
-
Steph Poppe
Steph Poppe
Responds QuicklyRob Trost Real Estate - Tillam
(833) 253-1095
127 Total Sales
66 in Tillamook
$117K - $1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,250,000 | First American |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,687,500 | ||
| Previous Owner | $400,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/16/2014 09/16/14 | Sold | $2,250,000 | 0.0% | $47 / Sq Ft | |
| 09/16/2014 09/16/14 | Sold | $2,250,000 | +60.7% | $47 / Sq Ft | View Prior Sale |
| 06/30/2014 06/30/14 | Pending | -- | -- | -- | |
| 11/28/2013 11/28/13 | For Sale | $1,400,000 | -- | $29 / Sq Ft |
Source: Oregon Coast Multiple Listing Service
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,145 | $405,690 | $105,340 | $300,350 |
| 2024 | $4,902 | $393,880 | $102,270 | $291,610 |
| 2023 | $4,859 | $382,410 | $99,290 | $283,120 |
| 2022 | $4,702 | $371,280 | $96,400 | $274,880 |
| 2021 | $4,570 | $360,470 | $93,590 | $266,880 |
| 2020 | $4,452 | $349,980 | $90,860 | $259,120 |
| 2019 | $4,345 | $339,790 | $88,210 | $251,580 |
| 2018 | $4,240 | $329,900 | $85,640 | $244,260 |
| 2017 | $4,140 | $320,300 | $83,150 | $237,150 |
| 2016 | $3,994 | $310,980 | $80,730 | $230,250 |
| 2015 | $3,919 | $301,930 | $78,380 | $223,550 |
| 2014 | $3,857 | $293,140 | $76,100 | $217,040 |
| 2013 | -- | $284,610 | $73,880 | $210,730 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2014
Juli Gun
Berkshire Hathaway Homeservices NW
-
Juli Martin
Seller's Agent in 2014
Juli Martin
LUXE Forbes Global Properties
(971) 808-9618
18 Total Sales
-
V
Buyer's Agent in 2014
Valerie Schumann
Berkshire Hathaway Homeservices NW
Map
Source: Oregon Coast Multiple Listing Service
MLS Number: TC-12773
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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