NOT LISTED FOR SALE

1861 Medart Ln Unit 4 Grants Pass, OR 97527

-- Bed
-- Bath
-- Sq Ft
1992 Built

Last Sold January 15, 2016

Last sale price $400,000

182 Days on Market

About This Home

As of January 2016

Well maintained and fully occupied 4 plex with a good return on investment. Each unit is 2 bd, 1 bath, 1032 S/F, inside utility and garages. Low maintenance grounds, close to schools, shopping, medical and community college. You can get a residential loan on a four plex so 30 year fixed financing is available at rates not much different than a principle residence, talk to your agent. With the shortage of available rentals in the market this is a great time to buy investment property.

Last Agent to Sell the Property

Richard LaPlante

Cornerstone Properties License #880200007 Listed on: 06/23/2015

Last Buyer's Agent

Bruce Hoevet

RE/MAX Integrity License #201203481

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,538

Year Built

  • Built in 1992

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number R335811

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $36,000
  • Net Operating Income $27,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,538

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Directions: Redwood Ave to Kellenbeck to Medart to address
  • Unit Levels: Two
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1992
  • Total Gross Income: 36000.0
  • Co List Office Phone: 541-476-9883
  • MLS Status: Closed
  • General Property Information:Zoning2: R-3
  • Sewer:Public Sewer: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Special Features: None

Exterior Features

  • Construction Type: Frame
  • Roof: Composition
  • Construction Materials:Frame: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Parcel #: R335811
  • Zoning Description: R-3

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 27300.0
  • Annual Operating Expense: 8700.0

Tax Info

  • Tax Annual Amount: 3538.0
  • Tax Year: 2014

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

Property History

Date Event Price Change Sq Ft Price
01/15/2016 01/15/16 Sold $400,000 -5.9% --
12/22/2015 12/22/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $425,000 -- --
Source: Oregon Datashare

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Richard LaPlante

    Cornerstone Properties

  • B

    Buyer's Agent in 2016

    Bruce Hoevet

    RE/MAX

See All Agents

Map

Source: Oregon Datashare

MLS Number: 102957132

Oregon Datashare
Oregon Josephine County Grants Pass 97527

1861 Medart Ln Unit 4, Grants Pass, OR

This home is located at 1861 Medart Ln Unit 4, Grants Pass, OR 97527 since 23 June 2015. This property was built in 1992. 1861 Medart Ln Unit 4 is a home located in Josephine County with nearby schools including Redwood Elementary School, South Middle School, and Grants Pass High School.

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