$890,000
SOLD MAR 19, 2021

1601 Spruce St Florence, OR 97439

11 Beds
7 Baths
7,562 Sq Ft
1998 Built

Recently Sold

$118 Per Sq Ft

2% Below List Price

109 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Garage

About This Home

As of November 2022

Rare opportunity 7-plex in town fully rented and well cared for units on nice corner lot with 4 ground level garage spaces and two additional uncovered parking spaces. Four 2 bedroom, 1 bath units 800 sq ft each. Three 1 bedroom, 1 bath units 700 sq ft each. All units have washer/dryer hook-ups. Beautifully designed, well maintained property with long term tenants in place.

Last Agent to Sell the Property

Christina Voogd

Berkshire Hathaway HomeServices NW Real Estate License #910100077 Listed on: 10/01/2020

Berkshire Hathaway HomeServices NW Real Estate

Last Buyer's Agent

Missy Johnson

Coldwell Banker Coast Real Est License #201228543

Coldwell Banker Coast Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1998

Lot Details

  • Corner Lot
  • Level Lot

Kitchen

  • Range
  • Dishwasher

Parking

  • Garage
  • Carport

Additional Features

  • Storage
  • Electric Water Heater

Community Details

  • 7 Units
  • Property managed by Coastal Property Management

Listing and Financial Details

  • Rent includes trash collection, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Year Built: 1998
  • Property Condition: Existing
  • Remarks Public: Rare opportunity 7-plex in town fully rented and well cared for units on nice corner lot with 4 ground level garage spaces and two additional uncovered parking spaces. Four 2 bedroom, 1 bath units 800 sq ft each. Three 1 bedroom, 1 bath units 700 sq ft each. All units have washer/dryer hook-ups. Beautifully designed, well maintained property with long term tenants in place.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: 18-12-26-22-09801
  • Basement: Other

Exterior Features

  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Other
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Carport, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Condo/Co-op/Association

  • Management Name: Coastal Property Management
  • Management Phone: 541-997-1351
  • Common Amenities: Commons
  • Unit Features: Dishwasher, Range, Refrigerator, Storage

Schools

  • Elementary School: Siuslaw
  • Middle School: Siuslaw
  • High School: Siuslaw

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: RM

Rental Info

  • Rent Includes: Trash Collection, Water

Tax Info

  • Tax Amount: 6821.95
  • Assessor Parcel Number: 1471612
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4, 5, 6, 7
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 14.94

MLS Schools

  • Elementary School: Siuslaw
  • High School: Siuslaw
  • Middle School: Siuslaw

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: 20245280

Regional Multiple Listing Service (RMLS)