Seller's Agent in 2023
John Barnett
Coldwell Banker Coast Real Est
(541) 729-8089
142 in this area
270 Total Sales
1567 1st St Florence, OR 97439
Estimated Value: $1,476,519
8
Beds
4
Baths
4,064
Sq Ft
$363/Sq Ft
Est. Value
Highlights
- Bay View
- High Speed Internet
- Heat Pump System
- Cooling Available
- Level Lot
- 5-minute walk to Old Town Park
About This Home
As of November 2023Seller is willing to discuss favorable owner carry terms!In the heart of historic Old Town Florence District, seize a remarkable investment chance. These units offer breathtaking bay and Old Town vistas, mere steps from premier coastal dining. Immerse in year-round festivities of Old Town Florence at your doorstep. Prime prospect for generating short-term rental income! This property showcases a two-level edifice, accompanied by an auxiliary maintenance/storage building at the rear. The property comprises five residential apartment units. Four units house two bedrooms and one bathroom each, while the fifth unit boasts a spacious one-bedroom, one-bathroom layout complemented by a generous enclosed sunroom. Recent comprehensive renovations, undertaken over the past months, are nearing completion. Modern enhancements include a fusion of luxury vinyl plank and carpet flooring, ductless heat pumps, and exquisite kitchens furnished with quartz countertops and top-notch stainless-steel appliances. Additionally, each unit houses its own stackable laundry facility. Security is paramount, with all units equipped with a full commercial sprinkler system. Parking is plentiful, encompassing two covered spaces, 6-8 open spots, and abundant on-street options. This exceptional opportunity comes with an unparalleled location, positioning you at the epicenter of Old Town Florence's allure. Experience the epitome of coastal living while capitalizing on a promising investment venture.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,861
Year Built
- Built in 1979 | Remodeled
Lot Details
- Level Lot
Parking
- 10 Car Garage
- Carport
- Open Parking
Property Views
- Bay
- River
Home Design
- Slab Foundation
- Composition Roof
- Plywood Siding Panel T1-11
Interior Spaces
- 4,064 Sq Ft Home
- 2-Story Property
Schools
- Siuslaw Elementary And Middle School
- Siuslaw High School
Utilities
- Cooling Available
- Heat Pump System
- Mini Split Heat Pump
- High Speed Internet
Community Details
- 5 Units
- Old Town Subdivision
Listing and Financial Details
- Rent includes ground maintenance
- Assessor Parcel Number 0802080
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2023
Closed on
Nov 2, 2023
Sold by
Gary Hoagland and Gary Loretta Hoagland
Bought by
Raines Raycen
Seller's Agent
John Barnett
Coldwell Banker Coast Real Est
Buyer's Agent
John Barnett
Coldwell Banker Coast Real Est
List Price
$1,450,000
Sold Price
$1,450,000
Total Days on Market
56
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,519
Avg. Annual Appreciation
1.35%
Original Mortgage
$1,100,000
Outstanding Balance
$879,409
Interest Rate
7.63%
Mortgage Type
Construction
Estimated Equity
$598,491
Purchase Details
Listed on
Jan 14, 2022
Closed on
Mar 16, 2022
Sold by
Shangri-La Corporation
Bought by
Gary Hoagland And Loretta Hoagland Family Tru
Seller's Agent
Amy Johnson
TR Hunter Real Estate
Buyer's Agent
Rick Cox
Coldwell Banker Coast Real Est
List Price
$799,000
Sold Price
$800,000
Premium/Discount to List
$1,000
0.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.18%
Purchase Details
Closed on
Jan 2, 2004
Sold by
Midcoast Enterprises Inc
Bought by
The Shangri La Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,504
Interest Rate
5.86%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Raines Raycen | $1,450,000 | First American Title | |
| Gary Hoagland And Loretta Hoagland Family Tru | $800,000 | None Listed On Document | |
| The Shangri La Corp | -- | Evergreen Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Raines Raycen | $1,100,000 | |
| Previous Owner | The Shangri La Corp | $246,504 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2023 11/30/23 | Sold | $1,450,000 | 0.0% | $357 / Sq Ft |
| 10/26/2023 10/26/23 | Pending | -- | -- | -- |
| 10/21/2023 10/21/23 | Off Market | $1,450,000 | -- | -- |
| 10/04/2023 10/04/23 | For Sale | $1,450,000 | 0.0% | $357 / Sq Ft |
| 10/01/2023 10/01/23 | Off Market | $1,450,000 | -- | -- |
| 08/30/2023 08/30/23 | For Sale | $1,450,000 | +81.3% | $357 / Sq Ft |
| 03/22/2022 03/22/22 | Sold | $800,000 | +0.1% | $197 / Sq Ft |
| 01/18/2022 01/18/22 | Pending | -- | -- | -- |
| 01/14/2022 01/14/22 | For Sale | $799,000 | -- | $197 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $11,030 | $443,510 | $0 | $0 |
| 2022 | $4,861 | $359,842 | $0 | $0 |
| 2021 | $0 | $382,728 | $0 | $0 |
| 2020 | $0 | $371,581 | $0 | $0 |
| 2019 | $0 | $360,759 | $0 | $0 |
| 2018 | $0 | $340,050 | $0 | $0 |
| 2017 | $0 | $340,050 | $0 | $0 |
| 2016 | -- | $330,146 | $0 | $0 |
| 2015 | -- | $314,822 | $0 | $0 |
| 2014 | -- | $308,002 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Barnett
-
Rick Cox
Seller Co-Listing Agent in 2023
Rick Cox
Coldwell Banker Coast Real Est
(541) 997-7777
59 in this area
94 Total Sales
-
Amy Johnson
Seller's Agent in 2022
Amy Johnson
TR Hunter Real Estate
(541) 999-7875
54 in this area
100 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 23189164
APN: 0802080
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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