NOT LISTED FOR SALE

1861 NE Wichita Way Bend, OR 97701

Mountain View Neighborhood

Estimated Value: $941,000 - $1,001,000

12 Beds
6 Baths
3,256 Sq Ft
$298/Sq Ft Est. Value

Last Sold June 21, 2013

Last sale price $242,000 $74 Per Sq Ft

Est. 301% increase in value since last sale

Current estimated payment $6,149/month

287 Days on Market

Highlights

  • 0.32 Acre Lot
  • Traditional Architecture
  • Baseboard Heating
  • Territorial View
  • Landscaped
  • Fenced

About This Home

As of June 2013

Retired owner wishes to offer investment opportunity to a new buyer. Owner managed herself with great success up until the last 2 years and tenants stayed 3 to 5 years. Current cap rate of 4.7% could easily be increased with new perspective and a little energy from new owners. Great location walking distance to growing medical, schools, and easy access to transportation. Please drive by and examine APOD attached to listing. Contingent sale agreement required prior to arranging showings.

Last Agent to Sell the Property

Diana Barker

Windermere Realty Trust License #801104091 Listed on: 06/01/2013

Last Buyer's Agent

Holly Molloy

Holly Molloy Properties License #930600314

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 1979

Lot Details

  • 0.32 Acre Lot
  • Fenced
  • Landscaped

Home Design

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

Interior Spaces

  • 2-Story Property
  • Territorial Views

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Legal Lot and Block 7 / 1
  • Assessor Parcel Number 150241

Community Details

Overview

  • 4 Units
  • Winchester Arms Subdivision

Building Details

  • Gross Income $23,400
  • Net Operating Income $16,301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,615

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Unit Levels: Two
  • Lot Size Acres: 0.32
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Road Surface Type: Paved
  • Subdivision Name: Winchester Arms
  • Year Built: 1979
  • Total Gross Income: 23400.0
  • Co List Office Phone: 541-923-4663
  • Outside Inclusions: range/ovens, refrigerators
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: RM
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 7
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 1
  • Architectural Style Traditional: Yes
  • Flooring:Vinyl: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Buyer Financing:FHA: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Oven, Range, Refrigerator
  • Flooring: Carpet, Vinyl
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Lot Features: Fenced, Landscaped
  • Roof: Composition
  • View: Territorial
  • Lot Features:Fenced: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes

Utilities

  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • HeatingYN: Yes
  • Heating:Electric2: Yes
  • Heating:Baseboard: Yes

Lot Info

  • Lot Size Sq Ft: 13939.2
  • Parcel #: 150241
  • ResoLotSizeUnits: Acres
  • Zoning Description: RM
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 16301.0
  • Annual Operating Expense: 7099.0

Tax Info

  • Tax Annual Amount: 2615.34
  • Tax Block: 1
  • Tax Lot: 7
  • Tax Map Number: 171226CC

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2015
Sold by
Castino Jay J
Bought by
1861 Wichita Llc
Total Days on Market
287
Current Estimated Value
$971,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 1, 2013
Closed on
Jun 19, 2013
Sold by
Gokey Geoffrey J and Gokey Diane C
Bought by
Castino Jay J
Seller's Agent
Diana Barker
Windermere Realty Trust
Buyer's Agent
Holly Molloy
Holly Molloy Properties
List Price
$269,000
Sold Price
$242,000
Premium/Discount to List
-$27,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%
Original Mortgage
$225,885
Interest Rate
3.38%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
1861 Wichita Llc -- None Available
Castino Jay J $242,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1861 Wichita Llc $654,000
Closed 1861 Wichita Llc $470,000
Previous Owner Castino Jay J $225,885
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2013 06/21/13 Sold $242,000 -10.0% $74 / Sq Ft
06/03/2013 06/03/13 Pending -- -- --
08/20/2012 08/20/12 For Sale $269,000 -- $83 / 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 $8,692 $519,120 -- --
2023 $8,057 $504,000 $0 $0
2022 $7,517 $475,080 $0 $0
2021 $7,529 $461,250 $0 $0
2020 $7,143 $461,250 $0 $0
2019 $6,944 $447,820 $0 $0
2018 $6,748 $434,780 $0 $0
2017 $6,550 $422,120 $0 $0
2016 $3,755 $246,351 $0 $0
2015 $3,657 $242,310 $0 $0
2014 $3,590 $235,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Diana Barker

    Seller's Agent in 2013

    Diana Barker

    Windermere Realty Trust

    (541) 480-7777

    3 in this area

    78 Total Sales

    Diana Barker
    Section Image
  • Holly Molloy

    Buyer's Agent in 2013

    Holly Molloy

    Holly Molloy Properties

    (541) 419-8710

    8 Total Sales

    Holly Molloy
    Section Image
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Map

Source: Oregon Datashare

MLS Number: 201206968

Oregon Datashare

APN: 150241

Oregon Deschutes County Bend 97701 Mountain View

1861 NE Wichita Way, Bend, OR

This home is located at 1861 NE Wichita Way, Bend, OR 97701 since 01 June 2013 and is currently estimated at $971,000, approximately $298 per square foot. This property was built in 1979. 1861 NE Wichita Way is a home located in Deschutes County with nearby schools including Buckingham Elementary School, Pilot Butte Middle School, and Mountain View Senior High School.

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