NOT LISTED FOR SALE

1484 Falcon Loop Independence, OR 97351

Estimated Value: $567,000 - $641,000

8 Beds
6 Baths
2,453 Sq Ft
$249/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $495,000 $202 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,665/month

Highlights

  • Fireplace
  • Parking Storage or Cabinetry
  • Garage

About This Home

As of December 2021

Well managed duplex with great location near Western Oregon University. 4 bedroom and 2 1/2 baths per unit. Do not disturb tenants. Interior inspection available after written offer. Rents are below market. Current CAP rate of 4.3. Increasing rents to current market would create an estimated CAP rate of 5.3.

Last Agent to Sell the Property

Gary Eckdahl

Bella Casa Real Estate Group License #200805049 Listed on: 11/17/2021

Last Buyer's Agent

Yascha Noonberg

Living Room Realty License #201202058

Living Room Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,335

Year Built

  • Built in 2004

Lot Details

  • 6,795

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Parking

  • Garage
  • Parking Storage or Cabinetry

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,335

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2453
  • Stories: 2
  • Year Built: 2004
  • Property Condition: Existing
  • Remarks Public: Well managed duplex with great location near Western Oregon University. 4 bedroom and 2 1/2 baths per unit. Do not disturb tenants. Interior inspection available after written offer. Rents are below market. Current CAP rate of 4.3. Increasing rents to current market would create an estimated CAP rate of 5.3.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ASH CREEK LOT 20
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 5K-6,999SF
  • Roof Type: Composition
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Garage

Utilities

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

Condo/Co-op/Association

  • Unit Features: Dishwasher, Fireplace, Range, Refrigerator

Schools

  • Middle School: Talmadge

Lot Info

  • Zoning: RH

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 4837.68
  • Assessor Parcel Number: 565332
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.90

MLS Schools

  • Middle School: Talmadge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Dec 28, 2021
Sold by
Mullian Henry L and Mullian Sonja L
Bought by
Strenght Natasha and Huffstutter Luke A
Seller's Agent
Gary Eckdahl
Bella Casa Real Estate Group
Buyer's Agent
Yascha Noonberg
Living Room Realty
List Price
$499,000
Sold Price
$495,000
Premium/Discount to List
-$4,000
-0.8%
Current Estimated Value
$609,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,749
Avg. Annual Appreciation
4.06%
Original Mortgage
$370,250
Outstanding Balance
$344,698
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$229,541

Purchase Details

Closed on
May 12, 2013
Sold by
Agile Investment Properties Llc
Bought by
Mullian Henry L and Mullian Sonja L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2007
Sold by
Mullian Henry L and Mullian Sonja L
Bought by
Agile Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2007
Sold by
Ropiequet Richard L and Ropiequet Mary
Bought by
Mullian Henry L and Mullian Sonja L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2004
Sold by
Ashcreek Subdivision Llc
Bought by
Ropiequet Richard L and Ropiequet Mary
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
Strenght Natasha $495,000 First American Title
Mullian Henry L -- None Available
Agile Investment Properties Llc -- None Available
Mullian Henry L $289,000 First American Title
Ropiequet Richard L $225,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strenght Natasha $370,250
Previous Owner Mullian Henry L $236,000
Previous Owner Mullian Henry L $231,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2021 12/29/21 Sold $495,000 -0.8% $202 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $499,000 -- $203 / 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
2025 $5,335 $303,360 $56,740 $246,620
2024 $5,335 $294,530 $55,090 $239,440
2023 $5,471 $285,960 $53,480 $232,480
2022 $5,023 $277,640 $51,930 $225,710
2021 $4,967 $269,560 $50,420 $219,140
2020 $4,838 $261,710 $48,950 $212,760
2019 $4,712 $254,090 $47,530 $206,560
2018 $4,562 $246,690 $46,150 $200,540
2017 $4,536 $239,510 $44,800 $194,710
2016 $4,597 $232,540 $43,490 $189,050
2015 -- $220,590 $41,000 $179,590
Source: Public Records

Agents Affiliated with this Home

  • Gary Eckdahl

    Seller's Agent in 2021

    Gary Eckdahl

    Bella Casa Real Estate Group

    (503) 883-3938

    1 in this area

    98 Total Sales

    Gary Eckdahl
    Section Image
  • Yascha Noonberg

    Buyer's Agent in 2021

    Yascha Noonberg

    Living Room Realty

    (503) 810-6312

    1 in this area

    305 Total Sales

    Yascha Noonberg
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21425077

Regional Multiple Listing Service (RMLS)

APN: 565332

Oregon Polk County Independence 97351

1484 Falcon Loop, Independence, OR

This home is located at 1484 Falcon Loop, Independence, OR 97351 since 17 November 2021 and is currently estimated at $609,749, approximately $248 per square foot. This property was built in 2004. 1484 Falcon Loop is a home located in Polk County with nearby schools including Ash Creek Elementary School, Talmadge Middle School, and Central High School.

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