NOT LISTED FOR SALE

Estimated Value: $419,000 - $565,000

2 Beds
4 Baths
800 Sq Ft
$605/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $978,000 $1,222 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $3,015/month

6 Days on Market

Highlights

  • View of Trees or Woods
  • Attached Garage
  • Baseboard Heating
  • Corner Lot
  • Landscaped with Trees
  • 5-minute walk to Singer Creek Park

About This Home

As of September 2020

This unique property has 3 individual duplexes, all with 2 bedrooms/ 1 bath, brick fireplaces and plenty of parking(2units w/garage).Each unit includes a private patio and utility room. Great location, quiet street by bus line and Singer Creek and Waterboard Park, minutes from downtown Oregon City.100% Occupied with great rental history!Don't miss out on this great investment! Please write offer subject to interior inspection. Please DO NOT disturb tenants.No sign on property.

Last Agent to Sell the Property

Ashley Shabo

Peter Champ Real Estate LLC License #201215940 Listed on: 07/29/2020

Co-Listed By

Peter Champ

Peter Champ Real Estate LLC License #200512188

Last Buyer's Agent

Peter Andrews

Coldwell Banker Bain License #911200143

Coldwell Banker Bain

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,935

Year Built

  • Built in 1972

Lot Details

  • Corner Lot
  • Landscaped with Trees

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 800 Sq Ft Home
  • 1-Story Property
  • Views of Woods
  • Crawl Space

Parking

  • Attached Garage
  • Open Parking

Schools

  • Candy Lane Elementary School
  • Gardiner Middle School
  • Oregon City High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 00579500

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $20,310
  • Gross Income $70,800
  • Net Operating Income $50,490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,935

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1972
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick,Cedar
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter, PillarPostPier
  • View: Yes
  • Lot Features: CornerLot, Trees
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Parking Description: Attached, Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Candy Lane
  • High School: Oregon City
  • Middle Or Junior School: Gardiner

Lot Info

  • Zoning: R3.5
  • Parcel #: 00579500
  • Assessor Parcel Number 2: 00579494
  • Assessor Parcel Number 3: 00579519

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 10935.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 13.97
  • Annual Gross Income: 70800.0
  • Property Net Operating Income: 50490.0
  • Annual Operating Expense: 20310.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2020
Sold by
Peyret Yannis
Bought by
Dtcor Llc
Current Estimated Value
$487,139

Purchase Details

Listed on
Jul 29, 2020
Closed on
Sep 9, 2020
Sold by
Brand Amber R and Strupp Jim L
Bought by
Peyret Yannis
Seller's Agent
Ashley Shabo
Peter Champ Real Estate LLC
Buyer's Agent
Peter Andrews
Coldwell Banker Bain
List Price
$989,000
Sold Price
$978,000
Premium/Discount to List
-$11,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-13.30%
Original Mortgage
$223,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2014
Closed on
Jul 23, 2014
Sold by
1206-1208 4Th Street Llc
Bought by
Brand Amber R and Strupp Jim L
Seller's Agent
Patrick Ormiston
Premiere Property Group, LLC
Buyer's Agent
Steve Eggerts
Urban Nest Realty
List Price
$625,000
Sold Price
$203,333
Premium/Discount to List
-$421,667
-67.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.10%
Original Mortgage
$106,850
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2012
Sold by
Wardin Ila J
Bought by
1206 & 1208 4Th Street Llc
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
Dtcor Llc -- None Available
Peyret Yannis $326,000 Old Republic Title
Brand Amber R $203,333 Fidelity National Title Co
1206 & 1208 4Th Street Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peyret Yannis $223,500
Previous Owner Brand Amber R $106,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $978,000 -1.1% $1,223 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $989,000 +386.4% $1,236 / Sq Ft
07/24/2014 07/24/14 Sold $203,333 -67.5% --
06/14/2014 06/14/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $625,000 -- --
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
2023 $4,334 $224,805 $0 $0
2022 $3,988 $218,258 $0 $0
2021 $3,827 $211,901 $0 $0
2020 $3,718 $205,730 $0 $0
2019 $3,639 $199,738 $0 $0
2018 $3,458 $193,920 $0 $0
2017 $3,369 $188,272 $0 $0
2016 $3,308 $182,788 $0 $0
2015 $3,224 $177,464 $0 $0
2014 $3,132 $172,295 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20610360

Regional Multiple Listing Service (RMLS)

APN: 00579500