NOT LISTED FOR SALE

Estimated Value: $450,376 - $556,000

8 Beds
4 Baths
2,322 Sq Ft
$225/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $525,000 $226 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,149/month

9 Days on Market

Highlights

  • Views
  • High Speed Internet
  • Wood Siding
  • Storage
  • Level Lot

About This Home

As of May 2022

Extremely rare opportunity to acquire one of Eugene's best rental properties ! On site management available through Jennings Group.Very attractive throughout.Recreational facility on site.Rents have some upside available ! Excellent location in West Eugene.Individual Bike lockers included.No interior showings until accepted offer.

Last Agent to Sell the Property

Michael O'Connell

O'Connell & Associates LLC License #780301608 Listed on: 04/12/2022

Last Buyer's Agent

Tawnya Madsen

Eugene's Alternative License #200707195

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,641

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 3,049

Home Design

  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Storage
  • Property Views

Parking

  • Paved Parking
  • Assigned Parking

Additional Features

  • Level Lot
  • High Speed Internet

Community Details

  • 4 Units
  • Property managed by Jennings Group

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,641

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2322
  • Stories: 2
  • Year Built: 1960
  • Property Condition: Updated/Remodeled
  • Remarks Public: Extremely rare opportunity to acquire one of Eugene's best rental properties ! On site management available through Jennings Group.Very attractive throughout.Recreational facility on site.Rents have some upside available ! Excellent location in West Eugene.Individual Bike lockers included.No interior showings until accepted offer.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: Subdivision Plat: WESTMORELAND PARK LOT 67 TL 08200, RecordNo:
  • Basement: None
  • Storage: Attached

Exterior Features

  • Exterior Description: Man Made, Wood Siding
  • Lot Size: 3K-4,999SF
  • Roof Type: Composition
  • View: City
  • Foundation Details: Slab
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Assigned, Paved

Utilities

  • Fuel Description: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Wall Furnace
  • Internet Service Type: Cable, Satellite
  • Security: Sidewalk, None

Condo/Co-op/Association

  • Management Name: Jennings Group
  • Management Phone: 541-342-1090
  • Common Amenities: Laundry, Tanning Beds, Weight Room

Schools

  • Elementary School: Cesar Chavez
  • Middle School: Arts & Tech
  • High School: Churchill

Lot Info

  • Lot Description: Level
  • Zoning: R-2

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 3203.95
  • Assessor Parcel Number: 1841244
  • Tax Year: 2021

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.78

MLS Schools

  • Elementary School: Cesar Chavez
  • High School: Churchill
  • Middle School: Arts & Tech

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
May 12, 2022
Sold by
Stewart Meyers
Bought by
Bui Thoa Thi Kim and Le Han
Seller's Agent
Michael O'Connell
O'Connell & Associates LLC
Buyer's Agent
Tawnya Madsen
Eugene's Alternative
List Price
$509,000
Sold Price
$525,000
Premium/Discount to List
$16,000
3.14%
Current Estimated Value
$522,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,656
Avg. Annual Appreciation
0.30%

Purchase Details

Listed on
Jul 31, 2014
Closed on
Dec 10, 2014
Sold by
Berg Thomas I and Huang Yan
Bought by
Meyers Stewart
Seller's Agent
Michael O'Connell
O'Connell & Associates LLC
Buyer's Agent
Michael O'Connell
O'Connell & Associates LLC
List Price
$274,900
Sold Price
$274,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.14%
Original Mortgage
$206,175
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2010
Sold by
Westmoreland Village Llc
Bought by
Berg Thomas I and Huang Yan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,030,000
Interest Rate
4.18%
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
Bui Thoa Thi Kim $525,000 Cascade Title
Meyers Stewart $274,900 Cascade Title Company
Berg Thomas I $254,900 Cascade Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meyers Stewart $206,175
Previous Owner Westmoreland Village Llc $3,030,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $525,000 +3.1% $226 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $509,000 +85.2% $219 / Sq Ft
12/19/2014 12/19/14 Sold $274,900 0.0% $118 / Sq Ft
10/10/2014 10/10/14 Pending -- -- --
07/31/2014 07/31/14 For Sale $274,900 -- $118 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $3,641 $183,727 -- --
2023 $3,641 $178,376 $0 $0
2022 $3,411 $173,181 $0 $0
2021 $3,204 $168,137 $0 $0
2020 $3,215 $163,240 $0 $0
2019 $3,105 $158,486 $0 $0
2018 $2,923 $149,388 $0 $0
2017 $2,792 $149,388 $0 $0
2016 $2,723 $145,037 $0 $0
2015 $2,645 $140,813 $0 $0
2014 $2,591 $136,712 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22457128

Regional Multiple Listing Service (RMLS)

APN: 1841244