NOT LISTED FOR SALE

1601 Spruce St Florence, OR 97439

11 Beds
7 Baths
7,562 Sq Ft
1998 Built

Last Sold November 17, 2022

Last sale price $983,910 $130 Per Sq Ft

19 Days on Market

Highlights

  • Corner Lot
  • Zoned Heating
  • Garage

About This Home

As of November 2022

"Morning Sun: well maintained and cared for 7-plex in town on corner lot. Four ground level garage spaces and 2 additional uncovered parking spaces. Four 2 bedroom/1 bath units 800 sq ft each, and three 1 bedroom/1 bath units 700 sq ft each. Unit 2 is held out for owners use. Beautifully designed, well maintained property with long term tenants in place. Unit 1 pays additional $75/month for garage space.

Last Agent to Sell the Property

Christina Voogd

Berkshire Hathaway HomeServices NW Real Estate License #910100077 Listed on: 08/08/2022

Berkshire Hathaway HomeServices NW Real Estate

Last Buyer's Agent

Christina Voogd

Berkshire Hathaway HomeServices NW Real Estate License #910100077 Listed on: 08/08/2022

Berkshire Hathaway HomeServices NW Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,278

Year Built

  • Built in 1998

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Parking

  • Garage
  • Carport

Schools

  • Siuslaw Elementary And Middle School
  • Siuslaw High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number 1471612

Community Details

Building Details

  • Operating Expense $20,016
  • Gross Income $62,220
  • Net Operating Income $42,204

Additional Features

  • 7 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,278

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1998
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Other
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport, Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Siuslaw
  • High School: Siuslaw
  • Middle Or Junior School: Siuslaw

Lot Info

  • Zoning: HR
  • Parcel #: 1471612

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 7278.2

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 21.7
  • Annual Gross Income: 62220.0
  • Property Net Operating Income: 42204.0
  • Annual Operating Expense: 20016.0

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $983,910 -27.1% $130 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/06/2022 08/06/22 For Sale $1,350,000 +51.7% $179 / Sq Ft
03/19/2021 03/19/21 Sold $890,000 -2.2% $118 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
10/01/2020 10/01/20 For Sale $910,000 +58.3% $120 / Sq Ft
03/19/2015 03/19/15 Sold $575,000 -21.1% $76 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
05/21/2014 05/21/14 For Sale $729,000 -- $96 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22194112

Regional Multiple Listing Service (RMLS)