NOT LISTED FOR SALE

122 Hanna View Ln Riddle, OR 97469

Estimated Value: $327,000 - $1,179,015

2 Beds
4 Baths
2,524 Sq Ft
$227/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $1,025,000 $406 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $3,117/month

447 Days on Market

Highlights

  • Home fronts a creek
  • Forced Air Heating System
  • Level Lot
  • Mountain View

About This Home

As of November 2022

A rare find and a must see!Don't miss out on this investment of a life time.With 15 rentals and 1 main house that can also be used as a rental as well totally 16. Approximately making over $10,000 a month. This huge multi unit facility is in the county with beautiful views. With some newer updates including roofing. These units are on all there own septic. With 5 shared wells and 1946 irrigation rights out of Cow creek per owner. schedule your appointment today.

Last Agent to Sell the Property

Kari White

Village Realty License #201218586 Listed on: 06/22/2021

Last Buyer's Agent

Jason Mann

J Mann Realty License #201209169

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,828

Year Built

  • Built in 1954

Lot Details

  • Home fronts a creek
  • Level Lot

Property Views

  • Mountain Views

Home Design

  • Metal Roof

Schools

  • Riddle Elementary And Middle School
  • Riddle High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Shared Well
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number R40626

Community Details

Overview

  • 15 Units

Building Details

  • Operating Expense $5,828
  • Gross Income $101,248
  • Net Operating Income $107,076

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,828

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1954
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 1025000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: Acres3to5

Exterior Features

  • Lot Size: 3 to 4.99 Acres
  • Waterfront: Yes
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Gravel, Paved
  • Water Body Name: Cow Creek
  • Waterfront Features: Creek
  • Disclosures: Disclosure
  • Roof: Metal
  • View: Mountain

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: SharedWell, Well

Schools

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

Lot Info

  • Zoning: RR
  • Parcel #: R40626

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 5827.51

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 15
  • Gross Rent Multiplier: 12.35
  • Annual Gross Income: 101248.0
  • Property Net Operating Income: 107076.0
  • Annual Operating Expense: 5828.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Oct 26, 2022
Sold by
Country View Apartments Llc
Bought by
Hanna View Llc
Seller's Agent
Kari White
Village Realty
Buyer's Agent
Jason Mann
J Mann Realty
List Price
$1,500,000
Sold Price
$1,025,000
Premium/Discount to List
-$475,000
-31.67%
Views
8
Current Estimated Value
$572,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$452,246
Avg. Annual Appreciation
-17.12%
Original Mortgage
$128,000
Outstanding Balance
$123,005
Interest Rate
6.02%
Mortgage Type
Seller Take Back
Estimated Equity
$449,749

Purchase Details

Closed on
Feb 12, 2007
Sold by
Smith Ronald E
Bought by
Hanna View Rentals Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hanna View Llc $1,025,000 First American Title
Hanna View Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanna View Llc $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2022 11/01/22 Sold $1,025,000 -18.0% $406 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
06/06/2022 06/06/22 Price Changed $1,250,000 -16.7% $495 / Sq Ft
05/10/2022 05/10/22 For Sale $1,500,000 0.0% $594 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
06/22/2021 06/22/21 For Sale $1,500,000 -- $594 / 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
2025 $1,265 $151,988 -- --
2024 $1,228 $147,562 -- --
2023 $1,193 $143,265 $0 $0
2022 $1,158 $139,093 $0 $0
2021 $1,124 $135,042 $0 $0
2020 $1,091 $131,109 $0 $0
2019 $1,060 $127,291 $0 $0
2018 $1,029 $123,584 $0 $0
2017 $999 $119,985 $0 $0
2016 $970 $116,491 $0 $0
2015 $941 $113,099 $0 $0
2014 $914 $109,805 $0 $0
2013 -- $106,607 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21266050

Regional Multiple Listing Service (RMLS)

APN: R40642