NOT LISTED FOR SALE

125 Lorraine Ave Eagle Point, OR 97524

Estimated Value: $125,000 - $244,000

0.34 Acre
$542,647 Price per Acre
14,810 Sq Ft Lot

Last Sold August 24, 2017

Last sale price $72,000

Est. 156% increase in value since last sale

Current estimated payment $1,091/month

126 Days on Market

About This Lot

As of August 2017

This is a large level multifamily R3 zoned lot. This is a great area to build rental units. There are a number of nice newer built 4plex units across the street and continuing into the cul-de-sac from this building lot. This lot sits at the corner of Lorraine and Van Wey with easy access for building. Great convenient location near bus lines, Wal-Mart, schools and downtown Eagle Point. Check with City of Eagle Point but preliminary conversations indicate a triplex and possibly more units can be built. City utilities are at the street. Well and a pump house are on the property and were previously used to water the lawn.

Last Listed By

Patie Millen

Millen Property Group License #940200113 Listed on: 02/14/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $753

Year Built

  • 1900

Lot Details

  • 0.34 Acre Lot
  • Corner Lot
  • Level Lot
  • Property is zoned R-3, R-3

Property Views

  • Territorial Views

Schools

  • Eagle Point Middle School
  • Eagle Point High School

Utilities

  • Irrigation Water Rights
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 10209228

Property Details

Property Type

Land

Est. Annual Taxes

$753

Year Built

1900

Lot Details

0

Listing Details

  • Directions: Hwy 62 to right on Linn Road, Right on Lorraine to Van Wey.
  • Lot Size Acres: 0.34
  • Prop. Type: Land
  • Property Sub Type: Residential Lots
  • Road Surface Type: Paved
  • Co List Office Phone: 541-488-1311
  • MLS Status: Closed
  • General Property Information:Zoning2: R-3
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Utilities Phone Available: Yes
  • Water Source:Public: Yes
  • Special Features: None
  • Year Built (Public Record): 1900

Exterior Features

  • Lot Features: Corner Lot, Level
  • View: Territorial
  • Lot Features:Level: Yes
  • Lot Features:Corner Lot: Yes

Utilities

  • Water Source: Public
  • Utilities: Phone Available

Schools

  • High School: Eagle Point High
  • Middle Or Junior School: Eagle Point Middle

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Parcel #: 10209228
  • Irrigation Water Rights: Yes
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 753.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2024
Sold by
Cullen/Beck Properties Llc
Bought by
Ct Properties Llc
Total Days on Market
126
Current Estimated Value
$184,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Outstanding Balance
$620,632
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$492,632

Purchase Details

Listed on
Feb 14, 2017
Closed on
Aug 22, 2017
Sold by
Bloomberg Tracey
Bought by
Cullen/Beck Properties Llc
Seller's Agent
Patie Millen
Millen Property Group
Buyer's Agent
J. Adam Bogle
eXp Realty, LLC
List Price
$87,000
Sold Price
$72,000
Premium/Discount to List
-$15,000
-17.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$54,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 2017
Sold by
Brown Gregory Gene
Bought by
Brown Gregory Gene and Brown Ronald Ray

Range of Values:

Collateral Analytics

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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
Ct Properties Llc -- First American Title
Cullen/Beck Properties Llc $72,000 Ticor Title Company Of Or
Brown Gregory Gene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ct Properties Llc $624,000
Previous Owner Cullen/Beck Properties Llc $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2017 08/24/17 Sold $72,000 -17.2% --
06/20/2017 06/20/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $87,000 -- --
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 $821 $58,270 $58,260 $10
2023 $793 $56,580 $56,570 $10
2022 $772 $56,580 $56,570 $10
2021 $749 $54,940 $54,930 $10
2020 $796 $53,340 $53,330 $10
2019 $784 $50,290 $50,280 $10
2018 $769 $48,830 $48,820 $10
2017 $750 $48,830 $48,820 $10
2016 $753 $47,160 $44,110 $3,050
2015 $729 $47,160 $44,110 $3,050
2014 $708 $44,460 $41,590 $2,870
Source: Public Records

Agents Affiliated with this Home

  • Patie Millen

    Seller's Agent in 2017

    Patie Millen

    Millen Property Group

    (541) 301-3435

    227 Total Sales

    Patie Millen
    Section Image

  • J

    Buyer's Agent in 2017

    J. Adam Bogle

    eXp Realty, LLC

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Map

Source: Southern Oregon MLS

MLS Number: 102973392

Southern Oregon MLS

APN: 10209228

Oregon Jackson County Eagle Point 97524

125 Lorraine Ave, Eagle Point, OR

Homes for Sale in Eagle Point, OR

This home is located at 125 Lorraine Ave, Eagle Point, OR 97524 since 14 February 2017 and is currently estimated at $184,500. This property was built in 1900. 125 Lorraine Ave is a home located in Jackson County with nearby schools including Eagle Point Middle School, White Mountain Middle School, and Eagle Point High School.

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