NOT LISTED FOR SALE

176 S 53rd St Springfield, OR 97478

East Springfield Neighborhood

Estimated Value: $364,901 - $590,000

8 Beds
8 Baths
3,884 Sq Ft
$128/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2012

Last sale price $135,000 $35 Per Sq Ft

Est. 270% increase in value since last sale

Current estimated payment $3,076 / mo

186 Days on Market

Highlights

  • View of Trees or Woods
  • Controlled Entrance
  • Level Lot
  • Heating unit installed on the ceiling

About This Home

As of May 2012

Sale Fell Thru - The Price is not a Typo! This 4-plex has some deferred maintenance and has been priced to sell. 2 bedroom, 1.1 bath Townhouse style units, longer term tenants. Similar units in the area rent for $525. Check out the rate of return at this fantastic price. This property won’t last long at this price!!!

Last Agent to Sell the Property

Michael Smith

Premier RE & Property Mngmnt License #880500054 Listed on: 11/13/2011

Last Buyer's Agent

Adam Witkin

Adam Witkin Real Estate License #200709040

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • Level Lot

Property Views

  • Woods
  • Mountain

Home Design

  • Slab Foundation
  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 3,884 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • Paved Parking
  • Open Parking
  • Controlled Entrance

Schools

  • Mt Vernon Elementary School
  • Agnes Stewart Middle School
  • Thurston High School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0136901

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $3,399
  • Gross Income $22,920
  • Net Operating Income $19,521

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1972
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 135000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: None
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Level
  • Roof: Composition
  • View: Mountain,TreesWoods

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Entry, Sidewalk
  • Cooling: None
  • Cooling Y N: No
  • Heating: Ceiling
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Mt Vernon
  • High School: Thurston
  • Middle Or Junior School: Agnes Stewart

Lot Info

  • Zoning: MD
  • Parcel #: 0136901

Green Features

  • Green Certification: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 6.98
  • Annual Gross Income: 22920.0
  • Property Net Operating Income: 19521.0
  • Annual Operating Expense: 3399.0

Tax Info

  • Tax Annual Amount: 3398.73

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2011
Closed on
May 23, 2012
Sold by
Bought by
Seller's Agent
Michael Smith
Premier RE & Property Mngmnt
Buyer's Agent
Adam Witkin
Adam Witkin Real Estate
List Price
$199,900
Sold Price
$135,000
Premium/Discount to List
-$64,900
-32.47%
Current Estimated Value
$498,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,975
Avg. Annual Appreciation
9.70%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$135,000 First American Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/24/2012 05/24/12 Sold $135,000 -32.5% $35 / Sq Ft
05/17/2012 05/17/12 Pending -- -- --
11/13/2011 11/13/11 For Sale $199,900 -- $51 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,756 $259,381 -- --
2024 $4,679 $251,827 -- --
2023 $4,679 $244,493 $0 $0
2022 $4,334 $237,372 $0 $0
2021 $4,256 $230,459 $0 $0
2020 $4,132 $223,747 $0 $0
2019 $4,008 $217,231 $0 $0
2018 $3,778 $202,514 $0 $0
2017 $3,482 $202,514 $0 $0
2016 $3,271 $188,577 $0 $0
2015 $3,223 $187,364 $0 $0
2014 $3,263 $187,013 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Michael Smith

    Premier RE & Property Mngmnt

    (541) 735-3507

    2 in this area

    29 Total Sales

    Michael Smith
    Section Image

  • A

    Buyer's Agent in 2012

    Adam Witkin

    Adam Witkin Real Estate

    (541) 228-5066

    2 in this area

    30 Total Sales

    Adam Witkin
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 11395249

Regional Multiple Listing Service (RMLS)

APN: 0136901

Oregon Lane County Springfield 97478 East Springfield

176 S 53rd St, Springfield, OR

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