NOT LISTED FOR SALE

157 E Grant St Lebanon, OR 97355

Estimated Value: $342,000

3 Beds
3 Baths
1,632 Sq Ft
$210/Sq Ft Est. Value

Sale Details

Date Sold: November 15, 2019

Last sale price $210,000 $129 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,071 / mo

12 Days on Market

Highlights

  • City View
  • Baseboard Heating
  • Wood Siding
  • Window Unit Cooling System
  • Level Lot
  • 3-minute walk to Ralston Park

About This Home

As of November 2019

Location, location, location! 3 centrally located apartments in Lebanon. Area for laundry facility, large garage for storage or shop and a great fenced courtyard out back. City states property is Residential High Density and would be suitable for real estate, dental and professional offices, too. Buyer to do own due diligence. Sold As-Is.

Last Agent to Sell the Property

JENNIFER ANDERSON

Premiere Property Group LLC License #200602392 Listed on: 10/03/2019

Premiere Property Group LLC

Last Buyer's Agent

Michael Kosmicki

RE/MAX Integrity License #200209006

RE/MAX Integrity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,420

Year Built

  • Built in 1940

Lot Details

  • Level Lot

Parking

  • Open Parking

Home Design

  • Wood Siding
  • Lap Siding

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property
  • City Views
  • Crawl Space

Schools

  • Greenacres Elementary School
  • Seven Oak Middle School
  • Lebanon High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 0399127

Community Details

Building Details

  • Operating Expense $7,500
  • Gross Income $24,900
  • Net Operating Income $14,900

Additional Features

  • 3 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,420

Year Built

Built in 1940

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1940
  • Property Attached Yn: No
  • Current Price For Status: 210000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: Yes
  • Lot Features: Level
  • Disclosures: Disclosure
  • View: City

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Gas
  • Cooling: WindowUnit
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Greenacres
  • High School: Lebanon
  • Middle Or Junior School: Seven Oak

Lot Info

  • Zoning: multi
  • Parcel #: 0399127

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2419.92

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 8.63
  • Annual Gross Income: 24900.0
  • Property Net Operating Income: 14900.0
  • Annual Operating Expense: 7500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2020
Sold by
Lemerande Brandon L
Bought by
Pacific Life Properties Llc
Current Estimated Value
$342,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Outstanding Balance
$182,825
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$159,175

Purchase Details

Closed on
Jun 30, 2020
Sold by
Resolute Properties Llc
Bought by
Lemerande Brandon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Outstanding Balance
$182,825
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$159,175

Purchase Details

Listed on
Oct 3, 2019
Closed on
Nov 15, 2019
Sold by
Lopez Charles and Burgess Rosa Marie
Bought by
Resolute Properties Llc
Seller's Agent
JENNIFER ANDERSON
Premiere Property Group LLC
Buyer's Agent
Michael Kosmicki
RE/MAX Integrity
List Price
$215,000
Sold Price
$210,000
Premium/Discount to List
-$5,000
-2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$208,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2015
Sold by
Burgess Rosa Maria
Bought by
Burgess Rosa Maria

Purchase Details

Closed on
Nov 15, 2005
Sold by
Buckner Lois O
Bought by
Lopez Charles and Burgess Ivy J
Source: Public Records
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pacific Life Properties Llc -- First American Title
Lemerande Brandon L -- First American
Resolute Properties Llc $210,000 Amerititle
Burgess Rosa Maria -- None Available
Lopez Charles $110,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemerande Brandon L $206,250
Previous Owner Resolute Properties Llc $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2019 11/15/19 Sold $210,000 -2.3% $129 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
10/03/2019 10/03/19 For Sale $215,000 -- $132 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $2,941 $139,420 -- --
2024 $2,845 $135,360 -- --
2023 $2,753 $131,420 $0 $0
2022 $2,695 $127,600 $0 $0
2021 $2,599 $123,890 $0 $0
2020 $2,567 $120,290 $0 $0
2019 $2,439 $116,790 $0 $0
2018 $2,420 $113,390 $0 $0
2017 $2,098 $110,090 $0 $0
2016 $1,964 $106,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19391738

Regional Multiple Listing Service (RMLS)

APN: 0399127

Your Personal Tour Guide

Ask me questions while you tour the home.