NOT LISTED FOR SALE

1540 NE 8th St Redmond, OR 97756

Estimated Value: $509,920 - $570,000

2 Beds
2 Baths
2,556 Sq Ft
$215/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $345,000 $135 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,453/month

23 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Double Pane Windows
  • Ranch Style House
  • Attached Garage
  • Walk-In Closet

About This Home

As of October 2019

Very nice single level Duplex in NE Redmond. Spacious 1280 Sq.Ft units with Gas forced air heat, Central AC, landscaped and fenced with sprinkler systems. Great location close to shopping, medical and Hwy 97 access nearby. Great, steady income, well established investment property.

Last Agent to Sell the Property

Fred Baldwin Pc

Century 21 North Homes Realty License #780200424 Listed on: 08/12/2019

Co-Listed By

Debbie Baldwin

Century 21 North Homes Realty License #790400332

Last Buyer's Agent

Ken Renner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,417

Year Built

  • Built in 2003

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced
  • Landscaped

Home Design

  • Duplex
  • Ranch Style House
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • Walk-In Closet
  • Double Pane Windows
  • Territorial Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Parking

  • Attached Garage
  • Garage Door Opener
  • Shared Driveway

Schools

  • Redmond High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Exclusions: tenants personal property
  • Tax Lot 14
  • Assessor Parcel Number 209247

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Coho Run Subdivision

Building Details

  • Professional Management Expense $2,160
  • Gross Income $27,000
  • Net Operating Income $19,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,417

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Architectural Style: Ranch
  • Unit Levels: One
  • Lot Size Acres: 0.17
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Surface Type: Paved
  • Subdivision Name: Coho Run
  • Year Built: 2003
  • Total Gross Income: 27000.0
  • Professional Management Expense: 2160.0
  • Co List Office Mls Id: ocC-21
  • Co List Office Phone: 541-548-2131
  • Co List Office Phone: 541-548-2131
  • Outside Inclusions: 2 each: Range/ovens, refrigerators,; dishwashers, disposals, microwaves
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: R5
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 14
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 0
  • Appliances Microwave: Yes
  • Architectural Style Ranch: Yes
  • Levels:One: Yes
  • Flooring:Vinyl: Yes
  • Cooling:Central Air: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Primary Downstairs, Walk-In Closet(s)
  • Window Features: Double Pane Windows
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Oven: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Builder Name: unknown
  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Lot Features: Fenced, Landscaped
  • Roof: Composition
  • View: Territorial
  • Exclusions: tenants personal property
  • Lot Features:Fenced: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

  • Parking Features: Attached, Concrete, Driveway, Garage Door Opener, Shared Driveway, Other
  • Attached Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete2: Yes
  • Parking Features:Shared Driveway: Yes

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • High School: Redmond High

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 209247
  • ResoLotSizeUnits: Acres
  • Zoning Description: R5
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 19420.0
  • Annual Operating Expense: 7040.0

Tax Info

  • Tax Annual Amount: 3417.0
  • Tax Block: 0
  • Tax Lot: 14
  • Tax Map Number: 151310BA
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2019
Closed on
Oct 4, 2019
Sold by
Launer Mary Kathleen
Bought by
Deford John and Deford Karen
Seller's Agent
Fred Baldwin Pc
Century 21 North Homes Realty
Buyer's Agent
Ken Renner
List Price
$352,950
Sold Price
$345,000
Premium/Discount to List
-$7,950
-2.25%
Total Days on Market
23
Current Estimated Value
$549,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,480
Avg. Annual Appreciation
9.01%
Original Mortgage
$258,750
Outstanding Balance
$229,160
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$333,149

Purchase Details

Listed on
Sep 10, 2015
Closed on
Oct 6, 2015
Sold by
Skye Karen P
Bought by
Launer Mary Kathleen and The Kevin & Mary Launer Living Trust
Seller's Agent
Tim Davis
Tim Davis Group Central Oregon
Buyer's Agent
Tim Davis
Tim Davis Group Central Oregon
List Price
$239,000
Sold Price
$229,000
Premium/Discount to List
-$10,000
-4.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.90%

Purchase Details

Closed on
Sep 2, 2004
Sold by
Wrangler Enterprises Inc
Bought by
Skye Karen P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 2, 2004
Sold by
Franke David E and Franke Peggy A
Bought by
Wrangler Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.12%
Mortgage Type
Unknown
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Deford John $345,000 Western Title & Escrow
Launer Mary Kathleen $229,000 First American Title
Skye Karen P $212,000 Western Title & Escrow Co
Wrangler Enterprises Inc -- First Amer Title Ins Co Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deford John $258,750
Previous Owner Skye Karen P $144,150
Previous Owner Skye Karen P $149,000
Previous Owner Skye Karen P $139,000
Previous Owner Franke David E $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $345,000 -2.3% $135 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $352,950 +54.1% $138 / Sq Ft
10/26/2015 10/26/15 Sold $229,000 -4.2% $90 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $239,000 -- $94 / Sq Ft
Source: Oregon Datashare

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 $4,566 $226,600 -- --
2023 $4,366 $220,000 $0 $0
2022 $3,969 $207,380 $0 $0
2021 $3,838 $201,340 $0 $0
2020 $3,665 $201,340 $0 $0
2019 $3,505 $195,480 $0 $0
2018 $3,417 $189,790 $0 $0
2017 $3,336 $184,270 $0 $0
2016 $3,290 $178,910 $0 $0
2015 $3,190 $173,700 $0 $0
2014 $3,029 $168,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 201907691

Oregon Datashare

APN: 209247