NOT LISTED FOR SALE

1011 10th St Florence, OR 97439

Estimated Value: $494,505 - $754,000

4 Beds
4 Baths
2,838 Sq Ft
$200/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $513,000 $181 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,601/month

76 Days on Market

Highlights

  • Private Lot
  • 4 Car Attached Garage
  • Zoned Heating
  • Territorial View
  • Landscaped with Trees
  • High Speed Internet

About This Home

As of March 2024

Prime Investment:Unlock a lucrative investment opportunity with this remarkable 2006-built, one-level modern duplex! Offering abundant space and upscale features, this property is an attractive prospect for discerning investors. The duplex boasts high ceilings throughout, accentuating the feeling of spaciousness. The large kitchens, complete with islands, are a chef's delight, featuring a blend of vinyl and carpeted flooring, zonal heating, and expansive double-car garages, providing both comfort and convenience. Both kitchens are equipped with top-notch stainless steel appliances, including dishwashers, range ovens with microwaves and vent/fan, garbage disposal, and refrigerators. These modern conveniences add a touch of luxury to daily living. Each unit comprises 2 bedrooms and 2 bathrooms, with Unit 1021 standing out as fully ADA compliant. Currently generating a monthly rental income of $2000.00, Unit 1021 represents an immediate return on investment. Meanwhile, Unit 1011 is owner-occupied, offering flexibility for the potential owner to reside on-site. Enjoy outdoor living with a large wrap-around deck and covered concrete front porches, creating inviting spaces for relaxation and entertainment. The low-maintenance design ensures that the property remains hassle-free, allowing you to focus on maximizing returns. Situated on a quiet street, this duplex offers a peaceful living environment. Take advantage of the property's proximity to shopping centers, the hospital, and the library, ensuring convenience for both occupants and potential tenants. Just moments away from the historic Old Town Florence and a short drive to the beach, this location combines the charm of the town with coastal appeal. Whether you choose to live in one unit and rent out the other or rent both sides for optimal returns, this property is a must-see for astute investors. Seize this opportunity to invest in a modern duplex that perfectly blends luxury living w/ the potential for investment.

Last Listed By

John Barnett

Coldwell Banker Coast Real Est License #201229625 Listed on: 12/15/2023

Coldwell Banker Coast Real Est

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,219

Year Built

  • Built in 2006

Lot Details

  • Private Lot
  • Level Lot
  • Landscaped with Trees

Home Design

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

Interior Spaces

  • 2,838 Sq Ft Home
  • 1-Story Property
  • Territorial Views
  • Crawl Space
  • Storage In Attic

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Schools

  • Siuslaw Elementary And Middle School
  • Siuslaw High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 0798452

Community Details

Overview

  • 2 Units
  • Florence Subdivision

Building Details

  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,219

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 2006
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attic
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: CementSiding,T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter, StemWall
  • View: Yes
  • Lot Features: Level, Private, Trees
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Attached, GarageDoorOpener
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Siuslaw
  • High School: Siuslaw
  • Middle Or Junior School: Siuslaw

Lot Info

  • Zoning: HR
  • Parcel #: 0798452

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5219.11

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 24.96
  • Annual Gross Income: 24000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2023
Closed on
Mar 4, 2024
Sold by
Hood Nancy J
Bought by
Sun Shower Llc
Seller's Agent
John Barnett
Coldwell Banker Coast Real Est
Buyer's Agent
John Barnett
Coldwell Banker Coast Real Est
List Price
$640,450
Sold Price
$513,000
Premium/Discount to List
-$127,450
-19.9%
Total Days on Market
76
Views
61
Current Estimated Value
$568,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,876
Avg. Annual Appreciation
9.95%

Purchase Details

Closed on
Jan 22, 2021
Sold by
Oregon Pacific Bankinc Co
Bought by
Hood Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2020
Sold by
Oregon Pacific Banking Co
Bought by
Oregon Pacific Banking Co and Sammie L Atwell Survivors Trusts

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2008
Sold by
Atwell Sammie L and Atwell Nancy J
Bought by
Atwell Sammie L and Oregon Pacific Banking Co

Purchase Details

Closed on
Sep 29, 2006
Sold by
Atwell Sammie L
Bought by
Atwell Sammie L and Atwell Nancy J

Purchase Details

Closed on
Jun 28, 2006
Sold by
Seabrook Homes Inc
Bought by
Atwell Sammie L

Purchase Details

Closed on
Aug 15, 2005
Sold by
Earle Peggy Sue
Bought by
Seabrook Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.75%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 24, 2003
Sold by
Potap Jack and Potap Susan L
Bought by
Earle Peggy Sue

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
Sun Shower Llc $513,000 First American Title
Hood Nancy J -- First American Title
Oregon Pacific Banking Co -- First American Title
Atwell Sammie L -- None Available
Atwell Sammie L -- Accommodation
Atwell Sammie L $425,000 First American Title
Seabrook Homes Inc $79,000 First American Title
Earle Peggy Sue $14,000 Western Pioneer Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hood Nancy J $81,000
Previous Owner Seabrook Homes Inc $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $513,000 -14.4% $181 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
02/14/2024 02/14/24 Price Changed $599,000 -6.5% $211 / Sq Ft
01/12/2024 01/12/24 For Sale $640,450 0.0% $226 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
12/15/2023 12/15/23 For Sale $640,450 -- $226 / 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 $5,368 $381,860 $0 $0
2022 $5,008 $370,738 $0 $0
2021 $4,905 $359,940 $0 $0
2020 $4,776 $349,457 $0 $0
2019 $4,597 $339,279 $0 $0
2018 $4,607 $319,804 $0 $0
2017 $4,443 $319,804 $0 $0
2016 $4,238 $310,489 $0 $0
2015 $3,881 $283,675 $0 $0
2014 $3,856 $276,573 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23045592

Regional Multiple Listing Service (RMLS)

APN: 0798452