NOT LISTED FOR SALE

148 N Bridge St Sheridan, OR 97378

Estimated Value: $503,452

2 Beds
4 Baths
6,000 Sq Ft
$84/Sq Ft Est. Value

Last Sold July 24, 2019

Last sale price $340,000 $57 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,917/month

153 Days on Market

About This Home

As of July 2019

The Old Sheridan City Hall!!!.Look no further for an investment property with 7.95% Actual CAP RATE and 100% Occupied . The building offers 4 apartments and 2 commercial spaces. In 2014 improvements were performed to the building, example new roof, new windows, new exterior paint, new gas furnace for commercial space and much more. What a great real estate investment to start out with or add to your portfolio.

Last Agent to Sell the Property

Marjorie Wells

Legend Real Estate Services License #200505007 Listed on: 01/25/2019

Last Buyer's Agent

KRYSTALYNN KEMP

Keller Williams Capital City License #201229198

Keller Williams Capital City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,111

Year Built

  • Built in 1900

Lot Details

  • 5,009

Parking

  • Paved Parking

Home Design

  • Stucco Exterior

Additional Features

  • Corner Lot
  • Heating System Uses Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,111

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 6000
  • Year Built: 1900
  • Property Condition: Existing
  • Remarks Public: The Old Sheridan City Hall!!!.Look no further for an investment property with 7.95% Actual CAP RATE and 100% Occupied . The building offers 4 apartments and 2 commercial spaces. In 2014 improvements were performed to the building, example new roof, new windows, new exterior paint, new gas furnace for commercial space and much more. What a great real estate investment to start out with or add to your portfolio.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TOWNSHIP 5S RANGE 6W SECTION 35 QTR B QQTR A TAXLOT 09300 LOT 1 B
  • Basement: None

Exterior Features

  • Exterior Description: Stucco
  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Flat

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Common Amenities: Laundry

Lot Info

  • Lot Description: Corner Lot
  • Zoning: C1

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 2679.76
  • Assessor Parcel Number: 224670
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3, 4, 5, 6
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 9.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Jul 24, 2019
Sold by
N Bridge Llc
Bought by
Straw Marcus J and Chesebro Annemarie C
Seller's Agent
Marjorie Wells
Legend Real Estate Services
Buyer's Agent
KRYSTALYNN KEMP
Keller Williams Capital City
List Price
$365,000
Sold Price
$340,000
Premium/Discount to List
-$25,000
-6.85%
Current Estimated Value
$503,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,452
Avg. Annual Appreciation
5.51%

Purchase Details

Closed on
Mar 20, 2015
Sold by
Stipe Robert
Bought by
N Bridge Llc

Purchase Details

Listed on
Mar 21, 2014
Closed on
Jul 24, 2014
Sold by
Us Bank National Association
Bought by
Stipe Robert
Seller's Agent
Christina Hamilton
RE/MAX Equity Group
Buyer's Agent
Marjorie Wells
Legend Real Estate Services
List Price
$139,000
Sold Price
$85,000
Premium/Discount to List
-$54,000
-38.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.63%

Purchase Details

Closed on
Jan 28, 2014
Sold by
Waters David
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 15, 2013
Sold by
Waters David
Bought by
Us Bank National Association

Purchase Details

Closed on
Sep 6, 2005
Sold by
Ewing Adam L and Miller Gary
Bought by
Waters David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
5.7%
Mortgage Type
Commercial
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
Straw Marcus J $340,000 Fidelity National Ttl Of Or
N Bridge Llc -- None Available
Stipe Robert $85,000 Wfg Title
Us Bank National Association $150,000 First American Title
Us Bank National Association $150,000 First American Title
Waters David E $205,000 Western Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner N Bridge Llc $198,000
Previous Owner Waters David E $123,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2019 07/24/19 Sold $340,000 -2.6% $57 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
06/05/2019 06/05/19 Price Changed $349,000 -4.4% $58 / Sq Ft
01/25/2019 01/25/19 For Sale $365,000 +329.4% $61 / Sq Ft
07/30/2014 07/30/14 Sold $85,000 -38.8% $14 / Sq Ft
07/08/2014 07/08/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $139,000 -- $23 / 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 $3,111 $242,672 -- --
2023 $3,022 $235,604 $0 $0
2022 $2,938 $228,742 $0 $0
2021 $3,325 $222,080 $0 $0
2020 $2,807 $188,373 $0 $0
2019 $2,757 $182,886 $0 $0
2018 $2,680 $177,559 $0 $0
2017 $2,630 $172,387 $0 $0
2016 $2,554 $167,366 $0 $0
2015 $2,491 $162,493 $0 $0
2014 $2,423 $157,762 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marjorie Wells

    Seller's Agent in 2019

    Marjorie Wells

    Legend Real Estate Services

    (503) 502-9678

    26 Total Sales

    Marjorie Wells
    Section Image
  • KRYSTALYNN KEMP

    Buyer's Agent in 2019

    KRYSTALYNN KEMP

    Keller Williams Capital City

    (503) 551-2744

    64 Total Sales

    KRYSTALYNN KEMP
    Section Image
  • Christina Hamilton

    Seller's Agent in 2014

    Christina Hamilton

    RE/MAX

    (503) 860-4498

    140 Total Sales

    Christina Hamilton
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19500730

Regional Multiple Listing Service (RMLS)

APN: 224670

Oregon Yamhill County Sheridan 97378

148 N Bridge St, Sheridan, OR

This home is located at 148 N Bridge St, Sheridan, OR 97378 since 25 January 2019 and is currently estimated at $503,452, approximately $83 per square foot. This property was built in 1900. 148 N Bridge St is a home located in Yamhill County with nearby schools including Faulconer-Chapman School, Sheridan High School, and Sheridan Allprep Academy.

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