$940,000
SOLD JUN 28, 2024

1611 SW Salmon Ave Unit 1611, 1613, 1615, 16 Redmond, OR 97756

-- Bed
-- Bath
4,392 Sq Ft
0.3 Acres

Recently Sold

$214 Per Sq Ft

5% Above List Price

8 Days on Market

Highlights

  • Deck
  • No HOA
  • Double Pane Windows
  • Traditional Architecture
  • Neighborhood Views
  • 4-minute walk to Raprd Activity Center

About This Home

As of June 2024

If you're searching for a promising investment, then you should definitely check out this 4plex located in the bustling heart of Redmond. This property has a well-established rental history and good income potential, making it a solid choice for any savvy investor. Each unit has its own fenced yard, and open floor plans make it an attractive rental. Recently, the exterior of the property has been updated with fresh paint and landscaping. Don't miss out on this opportunity.

Last Agent to Sell the Property

Aubre Cheshire

Stellar Realty Northwest License #200602177 Listed on: 05/08/2024

Co-Listed By

Brook Criazzo

Stellar Realty Northwest License #200408079

Last Buyer's Agent

maryselhms stratton dahlke

Stellar Realty Northwest License #891000098

Stellar Realty Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,967

Year Built

  • Built in 2002

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Fenced
  • Landscaped
  • Level Lot
  • Backyard Sprinklers
  • Sprinklers on Timer

Home Design

  • Quadruplex
  • Traditional Architecture
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Neighborhood Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Linen Closet
  • Walk-In Closet
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Home Security

  • Surveillance System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • No Garage
  • Parking Lot
  • Assigned Parking

Accessible Home Design

  • Accessible Bedroom
  • Accessible Doors

Outdoor Features

  • Deck
  • Patio

Schools

  • M A Lynch Elementary School
  • Obsidian Middle School
  • Ridgeview High School

Utilities

  • No Cooling
  • Zoned Heating
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Exclusions: Tenant's personal property
  • Tax Lot 03203
  • Assessor Parcel Number 205920

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $88,356
  • Net Operating Income $74,489

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,967

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Unit Levels: Two
  • Lot Size Acres: 0.3
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Year Built: 2002
  • Total Gross Income: 88356.0
  • Co List Office Mls Id: ocWARN
  • Co List Office Phone: 541-382-8262
  • Co List Office Phone: 541-382-8262
  • Outside Inclusions: Appliances as-is, 1617 is furnished
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: R5
  • Road Surface Type:Paved: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 03203
  • Appliances Refrigerators: Yes
  • Flooring Laminate: Yes
  • Flooring:Tile: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style Traditional: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Special Features: None

Interior Features

  • Accessibility Features: Accessible Bedroom, Accessible Doors
  • Appliances: Dishwasher, Oven, Range, Range Hood, Refrigerator, Water Heater
  • Has Basement: None
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Linen Closet, Primary Downstairs, Shower/Tub Combo, Tile Counters, Tile Shower, Walk-In Closet(s)
  • Window Features: Double Pane Windows, Vinyl Frames
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Oven: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Tile Counters: Yes

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Exterior Features: Deck, Patio
  • Foundation Details: Stemwall
  • Lot Features: Fenced, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Rear
  • Roof: Composition
  • View: Neighborhood
  • Exclusions: Tenant's personal property
  • Lot Features:Level: Yes
  • Lot Features:Fenced: Yes
  • Window Features:Vinyl Frames: Yes
  • Exterior Features:Deck: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Window Features:Double Pane Windows: Yes
  • Exterior Features:Patio: Yes
  • Accessibility Features:Accessible Bedroom: Yes
  • Accessibility Features:Accessible Door(s): Yes

Garage/Parking

  • Parking Features: Asphalt, Assigned, No Garage, Parking Lot
  • Attached Garage: No
  • Parking Features:Asphalt: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: None
  • Heating: Electric, Wall Furnace, Zoned
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public, Water Meter
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Electric2: Yes
  • Heating:Zoned2: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: M A Lynch Elem
  • High School: Ridgeview High
  • Middle Or Junior School: Obsidian Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 13068.0
  • Parcel #: 205920
  • ResoLotSizeUnits: Acres
  • Zoning Description: R5
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 74489.0
  • Annual Operating Expense: 13867.0

Tax Info

  • Tax Annual Amount: 6966.73
  • Tax Lot: 03203
  • Tax Map Number: 151321BC
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jun 27, 2024
Sold by
Eos Real Estate Inv Iii Llc
Bought by
Rooker Scott and Rooker Raymond M
Seller's Agent
Aubre Cheshire
Stellar Realty Northwest
Buyer's Agent
maryselhms stratton dahlke
Stellar Realty Northwest
List Price
$895,000
Sold Price
$940,000
Premium/Discount to List
$45,000
5.03%
Total Days on Market
8
Views
2
Current Estimated Value
$947,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,945
Avg. Annual Appreciation
0.87%
Original Mortgage
$488,900
Outstanding Balance
$485,222
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$462,723

Purchase Details

Closed on
Mar 17, 2017
Sold by
Galloway James W and Galloway Linda E
Bought by
Eos Real Estate Investments Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,060
Interest Rate
4.19%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $940,000 Amerititle
Warranty Deed $486,060 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $488,900 New Conventional
Previous Owner $336,060 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $940,000 +5.0% $214 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $895,000 -- $204 / Sq Ft
Source: Oregon Datashare

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 $7,285 $361,560 -- --
2023 $6,967 $351,030 $0 $0
2022 $6,333 $330,890 $0 $0
2021 $6,124 $321,260 $0 $0
2020 $5,847 $321,260 $0 $0
2019 $5,592 $311,910 $0 $0
2018 $5,453 $302,830 $0 $0
2017 $5,323 $294,010 $0 $0
2016 $5,249 $285,450 $0 $0
2015 $5,038 $277,140 $0 $0
2014 $4,556 $253,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Aubre Cheshire

    Stellar Realty Northwest

    (541) 508-3148

    74 Total Sales

    Aubre Cheshire
    Section Image

  • B

    Seller Co-Listing Agent in 2024

    Brook Criazzo

    Stellar Realty Northwest

    (541) 508-3148

    73 Total Sales

    Brook Criazzo
    Section Image
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Map

Source: Oregon Datashare

MLS Number: 220181726

Oregon Datashare

APN: 205920

Oregon Deschutes County Redmond 97756

1611 SW Salmon Ave Unit 1611, 1613, 1615, 16, Redmond, OR

This home is located at 1611 SW Salmon Ave Unit 1611, 1613, 1615, 16, Redmond, OR 97756 and is currently priced at $940,000, approximately $214 per square foot. This property was built in 2002. 1611 SW Salmon Ave Unit 1611, 1613, 1615, 16 is a home located in Deschutes County with nearby schools including M.A. Lynch Elementary School, Obsidian Middle School, and Ridgeview 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.

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