NOT LISTED FOR SALE

142 S 16th (-148) St Independence, OR 97351

Estimated Value: $653,000 - $761,000

10 Beds
6 Baths
4,176 Sq Ft
$171/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $570,000 $136 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,427/month

6 Days on Market

Highlights

  • Patio
  • Partially Fenced Property
  • Radiant Ceiling
  • Landscaped
  • Carpet

About This Home

As of September 2021

New exterior paint on this nice 4-plex in a convenient location in Independence. 2 units are 3 bedrooms/1.5 baths, 2 units are 2 bedrooms/1 bath. New roof in 2016.

Last Agent to Sell the Property

LINDA TIPTON

BERKSHIRE HATHAWAY HOMESERVICES R E PROF License #911000064 Listed on: 07/08/2021

BERKSHIRE HATHAWAY HOMESERVICES R E PROF

Co-Listed By

Ken Howe

BERKSHIRE HATHAWAY HOMESERVICES R E PROF License #930500140

Last Buyer's Agent

Donald Meyer

PIKES NORTHWEST, INC License #990200031

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,987

Year Built

  • Built in 1972

Lot Details

  • 9,500 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • 4,176 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • T111 Siding

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Radiant Ceiling
  • Electric Water Heater

Additional Features

  • Electric Range
  • Washer and Dryer Hookup
  • Patio

Listing and Financial Details

  • Tax Lot M&B

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,300
  • Trash Expense $91
  • Water Sewer Expense $575
  • Operating Expense $1,744
  • Net Operating Income $2,306

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,987

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Range Facility: Electric
  • Syndicated Remarks: New exterior paint on this nice 4-plex in a convenient location in Independence. 2 units are 3 bedrooms/1.5 baths, 2 units are 2 bedrooms/1 bath. New roof in 2016.
  • Cross Street: Independence Hwy
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Negotiable Inclusions: Refrigerators, ranges
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 136.49
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 131.7

Exterior Features

  • Patio: Patio
  • Fenced Yard: Partial
  • Foundation: Slab
  • Landscape: Yes
  • Roof: Composition
  • Siding Style: T111

Utilities

  • Heating: Electric, Radiant Ceiling
  • Water: Connected, City
  • Water Heater: Electric
  • Garbage: 91
  • Insurance: 1300
  • Sewer: City
  • Water/Sewer: 575

Condo/Co-op/Association

  • Mgmt Acct: 400

Schools

  • Elementary School: Monmouth
  • Middle School: Talmadge
  • High School: Central

Lot Info

  • Acres: 0.22
  • Estimated Lot Sq Ft: 9500
  • Lot: M&B
  • Price Per Acre: 2500000
  • Zoning: RH
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 1744

Multi Family

  • Net Income: 2306
  • Unit Types: Town Home
  • Number Of Units: 4

Tax Info

  • Tax Account Number: 226376
  • Tax Amount: 4987

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2024
Sold by
Mcmullen Brendan
Bought by
Baja Investment Properties Llc
Current Estimated Value
$715,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.66%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 8, 2021
Closed on
Sep 3, 2021
Sold by
Trolan Mark D and Trolan Mary T
Bought by
Mcmullen Brendan
Seller's Agent
LINDA TIPTON
BERKSHIRE HATHAWAY HOMESERVICES R E PROF
Buyer's Agent
Donald Meyer
PIKES NORTHWEST, INC
List Price
$550,000
Sold Price
$570,000
Premium/Discount to List
$20,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 10, 2007
Sold by
Trolan Mark D and Trolan Mary T
Bought by
Trolan Mark D and Trolan Mary T
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
Baja Investment Properties Llc $700,000 Amerititle
Mcmullen Brendan $570,000 Fidelity National Title
Trolan Mark D -- None Available
Trolan Mark D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baja Investment Properties Llc $595,000
Closed Baja Investment Properties Llc $525,000
Previous Owner Mcmullen Brendan $525,000
Previous Owner Mcmullen Brendan $456,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2021 09/07/21 Sold $570,000 +3.6% $136 / Sq Ft
07/08/2021 07/08/21 For Sale $550,000 -- $132 / Sq Ft
Source: Willamette Valley 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
2025 $5,498 $313,810 $45,180 $268,630
2024 $5,498 $304,670 $43,870 $260,800
2023 $5,640 $295,800 $42,590 $253,210
2022 $5,177 $287,190 $41,350 $245,840
2021 $5,120 $278,830 $40,140 $238,690
2020 $4,986 $270,710 $38,970 $231,740
2019 $4,856 $262,830 $37,840 $224,990
2018 $4,702 $255,180 $36,740 $218,440
2017 $4,676 $247,750 $35,670 $212,080
2016 $4,763 $240,540 $34,630 $205,910
2015 -- $233,540 $33,620 $199,920
Source: Public Records

Agents Affiliated with this Home

  • LINDA TIPTON

    Seller's Agent in 2021

    LINDA TIPTON

    BHHS Oregon- Professionals

    (503) 559-5167

    5 in this area

    146 Total Sales

    LINDA TIPTON
    Section Image
  • Ken Howe

    Seller Co-Listing Agent in 2021

    Ken Howe

    BHHS Oregon- Professionals

    (503) 559-8787

    1 in this area

    28 Total Sales

    Ken Howe
    Section Image
  • Donald Meyer

    Buyer's Agent in 2021

    Donald Meyer

    PIKES NORTHWEST, INC

    (503) 371-5181

    2 in this area

    39 Total Sales

    Donald Meyer
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 780276

Willamette Valley MLS

APN: 226376

Oregon Polk County Independence 97351

142 S 16th (-148) St, Independence, OR

This home is located at 142 S 16th (-148) St, Independence, OR 97351 since 08 July 2021 and is currently estimated at $715,318, approximately $171 per square foot. This property was built in 1972. 142 S 16th (-148) St is a home located in Polk County with nearby schools including Ash Creek Elementary School, Talmadge Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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