NOT LISTED FOR SALE

1301 Anderson Ave Coos Bay, OR 97420

Estimated Value: $494,441 - $521,000

8 Beds
4 Baths
3,792 Sq Ft
$134/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $472,000 $124 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,245/month

25 Days on Market

Highlights

  • RV Access or Parking
  • Storage
  • Laundry Facilities
  • View of Trees or Woods
  • Baseboard Heating
  • High Speed Internet

About This Home

As of August 2023

Presenting a remarkable four-plex ideally located near the heart of Coos Bay, with easy access to schools, shopping, and a host of amenities. A meticulously maintained property boasts a well-preserved building and grounds. With a proven track record of generating income, this four-plex is an excellent investment opportunity. Each unit offers a spacious floor plan and the added benefit of vinyl windows, providing enhanced energy efficiency and a sleek aesthetic. Additionally, residents can enjoy their own private back patio areas, perfect for relaxation and outdoor activities. Lastly, an on-site community laundry room! This hidden gem has never been listed before, making it a truly exclusive find. Don't miss out on the chance to own a well-maintained four-plex and a resourceful, long term investment!

Last Listed By

Randy Hoffine

Pacific Properties License #200405075 Listed on: 06/12/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,917

Year Built

  • Built in 1964

Lot Details

  • 0.75

Parking

  • 8 Car Garage
  • Open Parking
  • RV Access or Parking

Home Design

  • Rubber Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,792 Sq Ft Home
  • Storage
  • Views of Woods
  • Crawl Space

Schools

  • Millicoma Elementary School
  • Marshfield Middle School
  • Marshfield High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Level Lot
  • Flood Zone Lot

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 7386200

Community Details

Overview

  • 4 Units
  • Blossum Gulch Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $10,813
  • Gross Income $33,600
  • Net Operating Income $20,787

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,917

Year Built

Built in 1964

Lot Details

0

Parking

8

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1964
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Plywood,T111Siding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: FloodZone, Level
  • Road Surface Type: Gravel, Paved
  • Disclosures: Disclosure
  • Roof: Rubber
  • View: TreesWoods

Garage/Parking

  • Parking Description: Open, RVAccessParking
  • Attached Garage: No
  • Garage Spaces: 8.0
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Eastside
  • High School: Marshfield
  • Middle Or Junior School: Marshfield
  • Elementary School #2: Millicoma

Lot Info

  • Zoning: R-3
  • Parcel #: 7386200

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4916.79

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.96
  • Annual Gross Income: 33600.0
  • Property Net Operating Income: 20787.0
  • Annual Operating Expense: 10813.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2023
Closed on
Aug 3, 2023
Sold by
Kindred James Gordan and Kindred Christie D
Bought by
Berkaw Jeffrey
Seller's Agent
Randy Hoffine
Pacific Properties
Buyer's Agent
Sage Coleman
eXp Realty, LLC
List Price
$469,000
Sold Price
$472,000
Premium/Discount to List
$3,000
0.64%
Total Days on Market
25
Views
98
Current Estimated Value
$507,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,721
Avg. Annual Appreciation
4.26%
Original Mortgage
$330,400
Outstanding Balance
$324,305
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$183,416

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
Berkaw Jeffrey $472,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berkaw Jeffrey $330,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $472,000 +0.6% $124 / Sq Ft
07/08/2023 07/08/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $469,000 0.0% $124 / Sq Ft
06/17/2023 06/17/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $469,000 -- $124 / 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
2024 $5,155 $296,560 -- --
2023 $4,999 $287,930 $0 $0
2022 $4,917 $279,550 $0 $0
2021 $4,789 $271,410 $0 $0
2020 $4,654 $271,410 $0 $0
2019 $4,468 $255,840 $0 $0
2018 $4,315 $248,390 $0 $0
2017 $3,824 $241,160 $0 $0
2016 $3,487 $224,900 $0 $0
2015 $2,836 $234,140 $0 $0
2014 $2,836 $227,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23070109

Regional Multiple Listing Service (RMLS)

APN: 1007386200