NOT LISTED FOR SALE

123 N Junction Ave Cave Junction, OR 97523

Estimated Value: $312,882 - $564,000

4 Beds
4 Baths
3,272 Sq Ft
$134/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $315,000 $96 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,652/month

56 Days on Market

Highlights

  • 0.73 Acre Lot
  • No HOA
  • Double Pane Windows
  • Contemporary Architecture
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window

About This Home

As of November 2024

Looking for a prime investment close to downtown Cave Junction? If so, this is the one for you! 2 duplexes on a large 0.73 acre lot, you truly can't go wrong with this opportunity at this affordable price point! All units are occupied by long term tenants that would like to stay. Rents are currently Rents are currently $850 (123), $850 (125), $825 (127), and $825 (129). Owner pays for water and garbage. Circular driveway allows parking for 10+ cars. Each unit is a 2 bed, 1 bath, & 818 sq ft. Carports attached to the front duplex provide additional storage and parking. Separated yards for the duplex in the back provides privacy. This is appt only and requires 24 hr notice. Contact your agent today for a personal tour, before it's too late!

Last Listed By

Alex Aaronson

John L. Scott Medford License #201209927 Listed on: 08/08/2024

John L. Scott Medford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,891

Year Built

  • Built in 1967

Lot Details

  • 0.73 Acre Lot
  • 1 Common Wall
  • Fenced
  • Landscaped

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Block Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Neighborhood Views

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Attached Carport
  • Gravel Driveway

Outdoor Features

  • Outdoor Storage
  • Storage Shed

Schools

  • Evergreen Elementary School
  • Lorna Byrne Middle School
  • Illinois Valley High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Water Heater

Listing and Financial Details

  • Exclusions: Tenants' personal property
  • Assessor Parcel Number R329781

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $38,400
  • Net Operating Income $34,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,891

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Architectural Style: Contemporary
  • Unit Levels: One
  • Lot Size Acres: 0.73
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Road Surface Type: Gravel
  • Subdivision Name: N/A
  • Year Built: 1967
  • Total Gross Income: 38400.0
  • Co List Office Phone: 541-779-3611
  • MLS Status: Closed
  • ResoBuildingAreaSource: Other
  • General Property Information:Zoning2: MR
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Flooring Laminate: Yes
  • Levels:One: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Road Surface Type Gravel2: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Architectural Style:Contemporary: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Other Structures:Storage: Yes
  • Special Features: None

Interior Features

  • Appliances: Oven, Range, Water Heater
  • Flooring: Carpet, Laminate
  • Window Features: Double Pane Windows
  • Appliances Range: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Foundation Details: Block, Concrete Perimeter
  • Lot Features: Fenced, Landscaped
  • Other Structures: Storage
  • Roof: Composition
  • View: Neighborhood
  • Exclusions: Tenants' personal property
  • Lot Features:Fenced: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

  • Parking Features: Attached Carport, Driveway, Gravel, Storage
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Attached Carport: Yes
  • Parking Features:Gravel: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Electric
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Electric2: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Evergreen Elem
  • High School: Illinois Valley High
  • Middle Or Junior School: Lorna Byrne Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 31798.8
  • Parcel #: R329781
  • ResoLotSizeUnits: Acres
  • Zoning Description: MR
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 34120.3
  • Annual Operating Expense: 4278.7

Tax Info

  • Tax Annual Amount: 2890.93
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Nov 13, 2024
Sold by
Corcoran Kirk M and Corcoran Nikki S
Bought by
Robert J Mcwilliams Trust and Mcwilliams
Seller's Agent
Alex Aaronson
John L. Scott Medford
Buyer's Agent
Alex Aaronson
John L. Scott Medford
List Price
$425,000
Sold Price
$315,000
Premium/Discount to List
-$110,000
-25.88%
Total Days on Market
56
Views
16
Current Estimated Value
$438,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,441
Avg. Annual Appreciation
99.14%

Purchase Details

Listed on
Apr 9, 2018
Closed on
Apr 16, 2018
Sold by
Sirchuk Jan
Bought by
Corcoran Kirk M and Corcoran Nikki S
Seller's Agent
Lori Ebner
John L Scott Real Estate Grants Pass
Buyer's Agent
LYDIA WEATHERWAX
Kendon Leet Real Estate Inc
List Price
$289,000
Sold Price
$280,000
Premium/Discount to List
-$9,000
-3.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.84%
Original Mortgage
$210,000
Interest Rate
4.4%
Mortgage Type
New Conventional

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
Robert J Mcwilliams Trust $315,000 Ticor Title
Robert J Mcwilliams Trust $315,000 Ticor Title
Corcoran Kirk M $280,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corcoran Kirk M $210,000
Previous Owner Sirchuk Jan $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $315,000 -16.0% $96 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/19/2024 09/19/24 Price Changed $375,000 -6.0% $115 / Sq Ft
08/22/2024 08/22/24 Price Changed $399,000 -6.1% $122 / Sq Ft
08/08/2024 08/08/24 For Sale $425,000 +51.8% $130 / Sq Ft
05/31/2018 05/31/18 Sold $280,000 -3.1% --
04/14/2018 04/14/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $289,000 +99.3% --
07/01/2013 07/01/13 Sold $145,000 -25.3% --
04/11/2013 04/11/13 Pending -- -- --
03/21/2012 03/21/12 For Sale $194,200 -- --
Source: Southern Oregon MLS

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 $2,663 $223,610 -- --
2023 $2,371 $217,100 $0 $0
2022 $2,288 $210,780 $0 $0
2021 $2,209 $204,650 $0 $0
2020 $2,238 $198,690 $0 $0
2019 $2,173 $192,910 $0 $0
2018 $2,190 $187,300 $0 $0
2017 $2,153 $181,850 $0 $0
2016 $1,827 $176,560 $0 $0
2015 $1,776 $171,420 $0 $0
2014 $1,738 $166,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southern Oregon MLS

MLS Number: 220187879

Southern Oregon MLS

APN: R329781