NOT LISTED FOR SALE

1308 Penn Ave La Grande, OR 97850

Estimated Value: $241,000 - $242,409

4 Beds
2 Baths
1,530 Sq Ft
$158/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $100,000 $65 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,453/month

73 Days on Market

About This Home

As of August 2019

Investment opportunity! Two units in good location close to downtown La Grande. One unit is a 3 bedroom, 1 bath home, tenant pays $700/mo. and all utilities. Second unit is a 1 bedroom, 1 bath, tenant pays $450/mo. and all utilities. This is a fixer property, no foundation under the 3 bedroom unit, but both units are livable and owner has no trouble renting them. Appliances included. Bring a cash offer, good opportunity!

Last Agent to Sell the Property

Anita Fager

Valley Realty License #961000047 Listed on: 05/20/2019

Last Buyer's Agent

Shawna McKinnis

RE/MAX Real Estate Team License #950400302

RE/MAX Real Estate Team

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,659

Year Built

  • Built in 1890

Lot Details

  • 6,534

Parking

  • 2

Home Design

  • Fixer Upper
  • Wood Siding

Kitchen

  • Range
  • Dishwasher

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Washer and Dryer Hookup
  • Crawl Space
  • Level Lot

Community Details

  • 2 Units
  • Property managed by see private remarks to show

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,659

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1530
  • Year Built: 1890
  • Property Condition: Fixer
  • Remarks Public: Investment opportunity! Two units in good location close to downtown La Grande. One unit is a 3 bedroom, 1 bath home, tenant pays $700/mo. and all utilities. Second unit is a 1 bedroom, 1 bath, tenant pays $450/mo. and all utilities. This is a fixer property, no foundation under the 3 bedroom unit, but both units are livable and owner has no trouble renting them. Appliances included. Bring a cash offer, good opportunity!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: 03S3808BB TL#500
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Aluminum, Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • Foundation Details: None

Garage/Parking

  • Garage Or Parking Spaces: 2

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity, Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace

Condo/Co-op/Association

  • Management Name: see private remarks to show
  • Unit Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Central
  • Middle School: La Grande
  • High School: La Grande

Lot Info

  • Lot Description: Level
  • Zoning: LG-R3

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 1414.99
  • Assessor Parcel Number: 3564
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.46

MLS Schools

  • Elementary School: Central
  • High School: La Grande
  • Middle School: La Grande

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Aug 29, 2019
Sold by
Kohler Ellen J
Bought by
Magee Anthony and Wagner John
Seller's Agent
Anita Fager
Valley Realty
Buyer's Agent
Shawna McKinnis
RE/MAX Real Estate Team
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%
Current Estimated Value
$241,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,705
Avg. Annual Appreciation
13.60%
Original Mortgage
$85,000
Interest Rate
3.8%
Mortgage Type
Seller Take Back
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
Magee Anthony $100,000 Eastern Oregon Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magee Anthony $317,224
Closed Magee Anthony $105,000
Closed Magee Anthony $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $100,000 -9.1% $65 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $110,000 -- $72 / 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 $1,659 $92,180 $42,290 $49,890
2023 $1,630 $89,500 $41,060 $48,440
2022 $1,587 $86,899 $39,871 $47,028
2021 $1,547 $84,368 $38,972 $45,396
2020 $1,484 $81,911 $37,856 $44,055
2019 $1,453 $79,526 $36,844 $42,682
2018 $1,415 $77,210 $36,428 $40,782
2017 $1,375 $74,962 $35,563 $39,399
2016 $1,333 $72,779 $34,605 $38,174
2015 $1,285 $70,660 $33,631 $37,029
2014 $1,117 $68,602 $32,705 $35,897
2013 -- $66,604 $31,734 $34,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19027994

Regional Multiple Listing Service (RMLS)

APN: 03S3808BB-500-0-101