NOT LISTED FOR SALE

1038 SW Cedarwood Ave McMinnville, OR 97128

Estimated Value: $479,000 - $714,000

9 Beds
4 Baths
3,487 Sq Ft
$177/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $665,000 $191 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,569/month

Highlights

  • Views
  • Level Lot
  • 1-Story Property
  • Duniway Middle School Rated A

About This Home

As of May 2022

Great investment opportunity on this 4-plex in McMinnville! Located right across the street from Linfield University. Two duplexes zoned C-3. Newer composition roof (2018) on the duplex facing Cedarwood. New metal roof cap on Baker St duplex. Light updates have been made including the replacement of several windows, new countertops & kitchen floors, as well as interior paint. The opportunities are endless with this unique property. Operating expenses are estimated. Buyer to do due diligence.

Last Agent to Sell the Property

Renae Thompson

Knipe Realty ERA Powered License #200511011 Listed on: 12/03/2021

Knipe Realty ERA Powered

Co-Listed By

Brandy Stephens

Knipe Realty ERA Powered License #201218583

Last Buyer's Agent

Lyndon Hansen

Keller Williams Realty Professionals License #200312071

Keller Williams Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,536

Year Built

  • Built in 1950

Lot Details

  • 0.27

Parking

  • Paved Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Property Views

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,536

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3487
  • Stories: 1
  • Year Built: 1950
  • Property Condition: Approximately
  • Remarks Public: Great investment opportunity on this 4-plex in McMinnville! Located right across the street from Linfield University. Two duplexes zoned C-3. Newer composition roof (2018) on the duplex facing Cedarwood. New metal roof cap on Baker St duplex. Light updates have been made including the replacement of several windows, new countertops & kitchen floors, as well as interior paint. The opportunities are endless with this unique property. Operating expenses are estimated. Buyer to do due diligence.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: LOT 3 - BLOCK I IN COZINES 3RD ADDITION
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 10K-14,999SF
  • Roof Type: Composition
  • View: Territorial
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Baseboard

Condo/Co-op/Association

  • Common Amenities: Commons
  • Unit Features: Dishwasher, Range, Refrigerator

Schools

  • Elementary School: Columbus
  • Middle School: Duniway
  • High School: McMinnville

Lot Info

  • Lot Description: Level
  • Zoning: C-3

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 3088.07
  • Assessor Parcel Number: 155281
  • Tax Year: 2021

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 15.24

MLS Schools

  • Elementary School: Columbus
  • High School: McMinnville
  • Middle School: Duniway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2021
Closed on
May 27, 2022
Sold by
Skreen Samuel and Skreen Rebecca
Bought by
Gaar Dylan Holmes and Gaar Elizabeth Grayce
Seller's Agent
Renae Thompson
Knipe Realty ERA Powered
Buyer's Agent
Lyndon Hansen
Keller Williams Realty Professionals
List Price
$699,000
Sold Price
$665,000
Premium/Discount to List
-$34,000
-4.86%
Current Estimated Value
$617,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,527
Avg. Annual Appreciation
-2.20%
Original Mortgage
$498,750
Outstanding Balance
$473,429
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$144,044

Purchase Details

Closed on
Nov 21, 2019
Sold by
Beacon Property Group Llc
Bought by
Skreen Samuel and Skreen Rebecca

Purchase Details

Closed on
Oct 20, 2018
Sold by
Skreen Samuel and Skreen Rebecca
Bought by
Beacon Property Group Llc

Purchase Details

Listed on
Apr 10, 2018
Closed on
May 30, 2018
Sold by
Atkinson Jason M and Atkinson Amber L
Bought by
Skreen Samuel and Skreen Rebecca
Seller's Agent
Tahnee Peterson
Keller Williams Realty Portland Premiere
Buyer's Agent
Ashley McConnaughey
HomeSmart Realty Group
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$392,755
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 2006
Sold by
Phillips John V and Phillips Karleen L
Bought by
Atkinson Jason M and Atkinson Amber L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac
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
Gaar Dylan Holmes $665,000 Ticor Title
Skreen Samuel -- Fidelity National Ttl Of Or
Beacon Property Group Llc -- None Available
Skreen Samuel $400,000 First American Title
Atkinson Jason M $330,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaar Dylan Holmes $498,750
Previous Owner Skreen Samuel $392,755
Previous Owner Atkinson Jason M $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2022 05/31/22 Sold $665,000 -4.3% $191 / Sq Ft
04/24/2022 04/24/22 Pending -- -- --
03/11/2022 03/11/22 Price Changed $695,000 -0.6% $199 / Sq Ft
02/24/2022 02/24/22 For Sale $699,000 0.0% $200 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
12/26/2021 12/26/21 For Sale $699,000 +5.1% $200 / Sq Ft
12/16/2021 12/16/21 Off Market $665,000 -- --
12/07/2021 12/07/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $699,000 +74.8% $200 / Sq Ft
06/07/2018 06/07/18 Sold $400,000 +0.3% -- View Prior Sale
04/21/2018 04/21/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $399,000 -- --
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 $3,536 $203,457 -- --
2023 $3,339 $197,531 $0 $0
2022 $3,163 $191,778 $0 $0
2021 $3,088 $186,192 $0 $0
2020 $3,063 $180,769 $0 $0
2019 $2,980 $175,504 $0 $0
2018 $2,921 $170,392 $0 $0
2017 $2,820 $165,429 $0 $0
2016 $2,719 $160,611 $0 $0
2015 $3,909 $229,818 $0 $0
2014 $3,699 $223,126 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Renae Thompson

    Seller's Agent in 2022

    Renae Thompson

    Knipe Realty ERA Powered

    (503) 929-1223

    91 Total Sales

    Renae Thompson
    Section Image
  • Brandy Stephens

    Seller Co-Listing Agent in 2022

    Brandy Stephens

    Knipe Realty ERA Powered

    (503) 320-8607

    55 Total Sales

    Brandy Stephens
    Section Image
  • Lyndon Hansen

    Buyer's Agent in 2022

    Lyndon Hansen

    Keller Williams Realty Professionals

    (503) 899-9071

    60 Total Sales

    Lyndon Hansen
    Section Image
  • Tahnee Peterson

    Seller's Agent in 2018

    Tahnee Peterson

    Keller Williams Realty Portland Premiere

    (503) 550-5597

    6 Total Sales

    Tahnee Peterson
    Section Image
  • Ashley McConnaughey

    Buyer's Agent in 2018

    Ashley McConnaughey

    HomeSmart Realty Group

    (503) 896-0317

    115 Total Sales

    Ashley McConnaughey
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21381247

Regional Multiple Listing Service (RMLS)

APN: 155281

Oregon Yamhill County McMinnville 97128

1038 SW Cedarwood Ave, McMinnville, OR

This home is located at 1038 SW Cedarwood Ave, McMinnville, OR 97128 since 03 December 2021 and is currently estimated at $617,473, approximately $177 per square foot. This property was built in 1950. 1038 SW Cedarwood Ave is a home located in Yamhill County with nearby schools including Willamette Elementary School, Duniway Middle School, and McMinnville High School.

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.

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