NOT LISTED FOR SALE

18400 Highway 22 Sheridan, OR 97378

Estimated Value: $646,000 - $1,430,495

37.71 Acres
$27,532 Price per Acre
1,642,648 Sq Ft Lot

Last Sold January 22, 2021

Last sale price $425,000

Est. 144% increase in value since last sale

Current estimated payment $5,502/month

Highlights

  • Private Lot
  • Views
  • Gentle Sloping Lot
  • Wooded Lot
  • Gated Home

About This Lot

As of January 2021

37.71 +/- Acre View Home Site. Foundation, engineering, septic, well, power are done. ($177,000 +/- invested in improvements) Seller reports 35 GMP well output. Approx. 20 miles west of Salem. Professionally reforested with Douglas Fir. High output well. Cedar Log home plans available or bring your own design. Excellent investment - trees provide future income. Seller will assist Buyer to apply for their own updated conditional use permit (CUP).

Last Agent to Sell the Property

John Lee

Lee Real Estate License #890100124 Listed on: 04/10/2019

Co-Listed By

John Hatch

DAT Real Estate Solutions, PC License #860200108

Last Buyer's Agent

John Lee

Lee Real Estate License #890100124 Listed on: 04/10/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $231

Lot Details

  • Gated Home
  • Private Lot
  • Secluded Lot
  • Gentle Sloping Lot
  • Wooded Lot
  • Landscaped with Trees
  • Property is zoned EFU, TC

Utilities

  • Well
  • Perc Test Required For Septic Tank
  • Septic Tank

Additional Features

  • Property Views

Property Details

Property Type

Land

Est. Annual Taxes

$231

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Land
  • Property Type: Residential/Recreational
  • Remarks Public: 37.71 +/- Acre View Home Site. Foundation, engineering, septic, well, power are done. ($177,000 +/- invested in improvements) Seller reports 35 GMP well output. Approx. 20 miles west of Salem. Professionally reforested with Douglas Fir. High output well. Cedar Log home plans available or bring your own design. Excellent investment - trees provide future income. Seller will assist Buyer to apply for their own updated conditional use permit (CUP).
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Legal Description: 37.71 Acres, 2 parcels

Exterior Features

  • Lot Size: 20 to 49.99 Acres
  • View: Mountain(s), Valley, Trees/Woods
  • View: Yes
  • Road Frontage: Yes
  • Road Surface: Paved

Utilities

  • Utilities: Electricity Connected, Septic Tank, Well

Association/Amenities

  • Existing Structures Description: Foundation
  • Existing Structures: Yes

Schools

  • Elementary School: Perrydale
  • Middle School: Perrydale
  • High School: Perrydale

Lot Info

  • Lot Description: Private, Secluded, Trees, Wooded, Reproduced Timber, Gated
  • Acres: 37.71
  • Zoning: EFU, TC
  • Present Use: Timber, Residential
  • Perc Test Description: Approved
  • Perc Test: Yes
  • Soil Condition: Native
  • Land Description: Gentle Sloping

Rental Info

  • Availability: Sale

Tax Info

  • Tax Amount: 134.79
  • Tax Deferral: Yes
  • Assessor Parcel Number: 231165
  • Assessor Parcel Number 2: 575775
  • Tax Year: 2019

MLS Schools

  • Elementary School: Perrydale
  • High School: Perrydale
  • Middle School: Perrydale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jan 21, 2021
Sold by
Aaron Mithran
Bought by
Reynolds Jeffrey R and Reynolds Cheryl L
Seller's Agent
John Lee
Lee Real Estate
Buyer's Agent
John Lee
Lee Real Estate
List Price
$535,000
Sold Price
$425,000
Premium/Discount to List
-$110,000
-20.56%
Current Estimated Value
$1,038,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$613,248
Avg. Annual Appreciation
19.66%
Original Mortgage
$1,222,100
Interest Rate
2.7%
Mortgage Type
New Conventional
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
Reynolds Jeffrey R $425,000 First American Title
Reynolds Jeffrey R $425,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Jeffrey R $1,222,100
Previous Owner Reynolds Jeffrey R $1,222,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $425,000 -4.6% --
12/01/2020 12/01/20 Pending -- -- --
04/07/2020 04/07/20 Price Changed $445,500 -10.0% --
07/19/2019 07/19/19 Price Changed $495,000 -7.5% --
04/10/2019 04/10/19 For Sale $535,000 -- --
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
2025 $231 $662,038 $26,378 $635,660
2024 $231 $642,761 $25,611 $617,150
2023 $874 $1,082,739 $2,519 $1,080,220
2022 $1 $68,266 $2,446 $65,820
2021 $1 $31,215 $2,375 $28,840
2020 $351 $30,305 $2,305 $28,000
2019 $1 $29,428 $2,238 $27,190
2018 $1 $28,573 $2,173 $26,400
2017 $1 $2,110 $2,110 $0
2016 $1 $2,048 $2,048 $0
2015 $1 $1,988 $1,988 $0
2014 $1 $1,931 $1,931 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19400711

Regional Multiple Listing Service (RMLS)

APN: 575775