NOT LISTED FOR SALE

1437 SE 1st Ave Albany, OR 97321

Willamette Neighborhood
6 Beds
3 Baths
2,672 Sq Ft
0.25 Acres

Last Sold February 03, 2016

Last sale price $230,000 $86 Per Sq Ft

49 Days on Market

Highlights

  • Fenced Yard
  • Shed
  • Baseboard Heating
  • West Albany High School Rated 9+
  • Landscaped
  • Laundry Facilities

About This Home

As of February 2016

Recently updated tri-plex has positive cash flow and low maintenance costs plus a new roof this year. Centrally located in Albany, these single level units are in high demand with generous parking areas, yards for each unit, a grassy common area side yard, and an onsite laundry. Tenants are on 1 year leases and rarely vacant in today's rental market. Each unit is 2 bed, 1 bath.

Last Agent to Sell the Property

Samantha Alley

RE/MAX INTEGRITY CORVALLIS BRANCH License #941000189 Listed on: 09/04/2015

RE/MAX INTEGRITY CORVALLIS BRANCH

Last Buyer's Agent

ANNE JOHNSON

COLDWELL BANKER VALLEY BROKERS License #200309222

COLDWELL BANKER VALLEY BROKERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,544

Year Built

  • Built in 1973

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 99x112
  • Fenced Yard
  • Landscaped

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Lap Siding
  • Stone Siding

Interior Spaces

  • 2,672 Sq Ft Home
  • Dining Area

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Shed

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 5 / 4

Community Details

Building Details

  • Electric Expense $569
  • Insurance Expense $1,320
  • Maintenance Expense $960
  • Water Sewer Expense $2,902
  • Operating Expense $10,556
  • Net Operating Income $16,995

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,544

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Range Facility: Electric
  • Syndicated Remarks: Recently updated tri-plex has positive cash flow and low maintenance costs plus a new roof this year. Centrally located in Albany, these single level units are in high demand with generous parking areas, yards for each unit, a grassy common area side yard, and an onsite laundry. Tenants are on 1 year leases and rarely vacant in today's rental market. Each unit is 2 bed, 1 bath.
  • Cross Street: NE Pine St.
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Negotiable Inclusions: 3 ranges, 3 fridges, washer, dyer
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Dining Room: Area (Combination)
  • Laundry: Laundry Center
  • Price Per Sq Ft: 86.08
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 86.08

Exterior Features

  • Exterior Color: Gray/Green
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition, Shingle
  • Siding: Rock
  • Siding Style: Lap

Utilities

  • Heating: Electric, Baseboard
  • High Speed Comm Access: Present
  • Water: Connected, City
  • Water Heater: Electric
  • Electric: 569
  • Insurance: 1320
  • Sewer: City
  • Water/Sewer: 2902

Condo/Co-op/Association

  • Maintenance: 960

Schools

  • Elementary School: Waverly
  • Middle School: Calapooia
  • High School: West Albany

Lot Info

  • Acres: 0.25
  • Estimated Lot Dimensions: 99X112
  • Estimated Lot Sq Ft: 11118
  • Lot: 5
  • Lot Type: Dimension Above
  • Price Per Acre: 920000
  • Zoning: RS-5
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 10556

Tax Info

  • Tax Database Id: 2
  • Assessor Parcel Number: 74936
  • Tax Account Number: 74936
  • Tax Amount: 2544

Multi Family

  • Net Income: 16995
  • Gross Sched Income: 2491
  • Unit Types: Flat
  • Number Of Units: 3

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
02/03/2016 02/03/16 Sold $230,000 -4.2% $86 / Sq Ft
10/23/2015 10/23/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $240,000 -- $90 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Samantha Alley

    Seller's Agent in 2016

    Samantha Alley

    RE/MAX

    (541) 918-5040

    3 in this area

    306 Total Sales

    Samantha Alley
    Section Image

  • A

    Buyer's Agent in 2016

    ANNE JOHNSON

    COLDWELL BANKER VALLEY BROKERS

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 695306

Willamette Valley MLS
Oregon Linn County Albany 97321 Willamette

1437 SE 1st Ave, Albany, OR

This home is located at 1437 SE 1st Ave, Albany, OR 97321 since 04 September 2015. This property was built in 1973. 1437 SE 1st Ave is a home located in Linn County with nearby schools including Waverly Elementary School, Memorial Middle School, and West Albany 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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