NOT LISTED FOR SALE

1588 Del Rio Ave SE Albany, OR 97322

Oak Neighborhood

Estimated Value: $708,000

8 Beds
4 Baths
3,376 Sq Ft
$210/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $609,805 $181 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,362/month

Highlights

  • 0.35 Acre Lot
  • Patio
  • Carpet
  • Fenced Yard
  • High Speed Internet
  • 2-minute walk to Pineway Park

About This Home

As of August 2021

Single story 4 plex in SE Albany built in 1977 on 0.35 acre lot. All units are 2 bed / 1 bath, have their own laundry hookups and single car garages. Separately metered - tenant pays all utilities. Fully rented and professionally managed.1574 Del Rio also listed for sale at $575,000 #777777

Last Agent to Sell the Property

Eric Swanson

SMI REAL ESTATE License #201221479 Listed on: 05/18/2021

SMI REAL ESTATE

Last Buyer's Agent

ERIK ATKINSON

TOWN & COUNTRY REALTY License #201211209

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,689

Year Built

  • Built in 1977

Lot Details

  • 0.35 Acre Lot
  • Fenced Yard

Home Design

  • 3,376 Sq Ft Home
  • Quadruplex
  • Shingle Roof

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Washer and Dryer Hookup
  • Patio

Community Details

  • 4 Units
  • 1574 1588 Del Rio Ave Se Community

Listing and Financial Details

  • Legal Lot and Block 3 / 6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,689

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Dual Living: Possible
  • Range Facility: Electric
  • Syndicated Remarks: Single story 4 plex in SE Albany built in 1977 on 0.35 acre lot. All units are 2 bed / 1 bath, have their own laundry hookups and single car garages. Separately metered - tenant pays all utilities. Fully rented and professionally managed. 1574 Del Rio also listed for sale at $575,000 #777777
  • Cross Street: Moraga Ave SE
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 180.63
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 170.32

Exterior Features

  • Patio: Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Roof: Shingle

Utilities

  • Heating: Electric
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Lot Info

  • Acres: 0.35
  • Lot: 3
  • Price Per Acre: 1642857.14
  • Property Name: 1574-1588 Del Rio Ave SE
  • Geo Subdivision: OR

Tax Info

  • Tax Account Number: 0404992
  • Tax Amount: 5689

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2021
Sold by
1588 Del Rio Llc
Bought by
Hamak Family Llc
Current Estimated Value
$708,000

Purchase Details

Listed on
May 18, 2021
Closed on
Aug 16, 2021
Sold by
Elliott Benjamin T
Bought by
Magee Claire Yvette
Seller's Agent
Eric Swanson
SMI REAL ESTATE
Buyer's Agent
ERIK ATKINSON
TOWN & COUNTRY REALTY
List Price
$575,000
Sold Price
$609,805
Premium/Discount to List
$34,805
6.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.48%

Purchase Details

Closed on
Jun 5, 2018
Sold by
Trowbridge Robert and Trowbridge Tamara
Bought by
Elliott Benjamin T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2006
Sold by
Handley Scott M and Handley Meri J
Bought by
Trowbridge Robert and Trowbridge Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.22%
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
Hamak Family Llc -- None Available
Magee Claire Yvette $609,805 Ticor Title
Elliott Benjamin T $390,000 Ticor Title
Trowbridge Robert $280,000 First American Title
Trowbridge Robert $280,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magee Claire Y $404,220
Previous Owner Elliott Benjamin T $292,500
Previous Owner Trowbridge Robert $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $609,805 +6.1% $181 / Sq Ft
05/18/2021 05/18/21 For Sale $575,000 -- $170 / Sq Ft
Source: Willamette Valley MLS

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 $6,406 $321,880 -- --
2023 $6,224 $312,510 $0 $0
2022 $6,126 $303,410 $0 $0
2021 $5,765 $294,580 $0 $0
2020 $5,689 $286,000 $0 $0
2019 $5,555 $277,670 $0 $0
2018 $5,411 $269,590 $0 $0
2017 $4,849 $261,740 $0 $0
2016 $4,501 $254,120 $0 $0
2015 $4,311 $246,720 $0 $0
2014 $4,107 $239,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Eric Swanson

    Seller's Agent in 2021

    Eric Swanson

    SMI REAL ESTATE

    (541) 990-3795

    3 in this area

    32 Total Sales

    Eric Swanson
    Section Image
  • ERIK ATKINSON

    Buyer's Agent in 2021

    ERIK ATKINSON

    TOWN & COUNTRY REALTY

    (541) 829-8227

    2 in this area

    32 Total Sales

    ERIK ATKINSON
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 777776

Willamette Valley MLS

APN: 0404992

Oregon Linn County Albany 97322 Oak

1588 Del Rio Ave SE, Albany, OR

This home is located at 1588 Del Rio Ave SE, Albany, OR 97322 since 18 May 2021 and is currently estimated at $708,000, approximately $209 per square foot. This property was built in 1977. 1588 Del Rio Ave SE is a home located in Linn County with nearby schools including Oak Elementary School, Calapooia Middle School, and South Albany High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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