NOT LISTED FOR SALE

118 SE Cleveland Ave Bend, OR 97702

Larkspur Neighborhood

Estimated Value: $914,785 - $1,028,000

10 Beds
6 Baths
4,424 Sq Ft
$221/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $825,000 $186 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,822/month

108 Days on Market

Highlights

  • Deck
  • No HOA
  • Detached Carport Space
  • Traditional Architecture
  • Double Pane Windows
  • Landscaped

About This Home

As of December 2021

Bend 4-Plex. Two large 3 bedroom/1.5 bath units and two large 2 bedroom/1.5 bath units. Centrally located in Bend with excellent access to all parts of town. Close to the Old Mill and shopping areas. Several long term tenants in place. Rent upsides on all units. Tenants reimburse landlord for W/S/G. Recent upgrades to property over past two years. One unit currently vacant for viewing. Undergoing some renovation. Will be marketed at $1,500 per month.

Last Agent to Sell the Property

Terry ONeil

Compass Commercial Real Estate License #201103123 Listed on: 08/16/2021

Compass Commercial Real Estate

Co-Listed By

Ron Ross

Compass Commercial Real Estate License #810304204

Last Buyer's Agent

David Keyte

eXp Realty, LLC License #201225182

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,845

Year Built

  • Built in 1979

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Fenced
  • Landscaped

Home Design

  • Quadruplex
  • Traditional Architecture
  • Stem Wall Foundation
  • Frame Construction
  • Tile Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • Detached Carport Space
  • On-Street Parking

Outdoor Features

  • Deck

Schools

  • Juniper Elementary School
  • High Desert Middle School
  • Bend Sr High School

Utilities

  • No Cooling
  • Heating Available
  • Water Heater

Community Details

  • No Home Owners Association
  • 4 Units
  • 2Nd Addition Bend Pk Subdivision

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Legal Lot and Block 6111 / 162
  • Assessor Parcel Number 162245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,845

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Directions: Easy access off of 3rd St. Near Chan's and The Hideaway.
  • Unit Levels: Two
  • Lot Size Acres: 0.25
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Road Surface Type: Paved
  • Subdivision Name: 2nd Addition Bend Pk
  • Year Built: 1979
  • Co List Office Mls Id: ocCCRE
  • Co List Office Phone: 541-383-2444
  • Co List Office Phone: 541-383-2444
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Juniper Elem
  • General Property Information Middle Or Junior School: High Desert Middle
  • General Property Information High School: Bend Sr High
  • General Property Information:Zoning2: CL
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 6111
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 162
  • Flooring Laminate: Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style Traditional: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Tile2: Yes
  • Buyer Financing:FHA: Yes
  • Common Walls 2 Common Walls: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven, Range, Range Hood, Refrigerator, Water Heater
  • Flooring: Carpet, Laminate, Vinyl
  • Window Features: Double Pane Windows, Vinyl Frames
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Oven: Yes
  • Appliances:Range Hood: Yes

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Exterior Features: Deck
  • Foundation Details: Stemwall
  • Lot Features: Fenced, Landscaped
  • Roof: Tile
  • Exclusions: Tenants Personal Property
  • Lot Features:Fenced: Yes
  • Window Features:Vinyl Frames: Yes
  • Exterior Features:Deck: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

  • Parking Features: Asphalt, Detached Carport, On Street
  • Attached Garage: No
  • Parking Features:Asphalt: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Detached Carport: Yes

Utilities

  • Cooling: None
  • Heating: Electric
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Juniper Elem
  • High School: Bend Sr High
  • Middle Or Junior School: High Desert Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 162245
  • ResoLotSizeUnits: Acres
  • Zoning Description: CL
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4845.07
  • Tax Block: 162
  • Tax Lot: 6111
  • Tax Map Number: 181205DA
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Dec 20, 2021
Sold by
Hooley Daniel M and Hooley Deanne J
Bought by
Zordell Jonathan Lucas
Seller's Agent
Terry ONeil
Compass Commercial Real Estate
Buyer's Agent
David Keyte
eXp Realty, LLC
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%
Current Estimated Value
$978,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,446
Avg. Annual Appreciation
4.80%
Original Mortgage
$755,493
Outstanding Balance
$703,354
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$275,092

Purchase Details

Listed on
May 18, 2016
Closed on
Oct 11, 2016
Sold by
Scharpf Investments Llc
Bought by
Hooley Daniel M and Hooley Deanne J
Seller's Agent
Ron Ross
Compass Commercial Real Estate
Buyer's Agent
Non Member
No Office
List Price
$460,000
Sold Price
$447,900
Premium/Discount to List
-$12,100
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.41%
Original Mortgage
$302,450
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 2, 2011
Closed on
May 3, 2012
Sold by
Smith Nancy K and Smith Jack M
Bought by
Smith Jack M and Smith Nancy K
Seller's Agent
LeAnne Johnson
Windermere Realty Trust
Buyer's Agent
Curtis Ciszek
Wall Street Properties Inc
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%
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
Zordell Jonathan Lucas $825,000 Western Title & Escrow
Hooley Daniel M $447,900 Western Title & Escrow
Smith Jack M -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zordell Jonathan Lucas $755,493
Previous Owner Hooley Daniel M $302,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $825,000 -2.9% $186 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $850,000 +89.8% $192 / Sq Ft
10/12/2016 10/12/16 Sold $447,900 -2.6% $101 / Sq Ft
08/06/2016 08/06/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $460,000 +61.4% $104 / Sq Ft
05/08/2012 05/08/12 Sold $285,000 -5.0% $67 / Sq Ft
04/16/2012 04/16/12 Pending -- -- --
12/02/2011 12/02/11 For Sale $299,900 -- $71 / Sq Ft
Source: Oregon Datashare

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 $5,896 $352,120 -- --
2023 $5,465 $341,870 $0 $0
2022 $5,099 $322,260 $0 $0
2021 $5,107 $312,880 $0 $0
2020 $4,845 $312,880 $0 $0
2019 $4,710 $303,770 $0 $0
2018 $4,577 $294,930 $0 $0
2017 $4,443 $286,340 $0 $0
2016 $4,237 $278,000 $0 $0
2015 $4,049 $269,910 $0 $0
2014 $3,998 $262,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220122015

Oregon Datashare

APN: 162245