$815,000
SOLD MAY 19, 2021

19107 Highway 99e Hubbard, OR 97032

-- Bed
-- Bath
3,642 Sq Ft
1.29 Acres

Recently Sold

$224 Per Sq Ft

7% Below List Price

About This Home

As of September 2023

UNBELIEVABLE CAP RATE!!! This professionally managed property is very easy to rent and maintains full occupancy. Very recent NEW ROOF, NEW WATER HEATER, NEW EXTERIOR PAINT, and other recent improvements. Conveniently located between Portland and Salem. DO NOT DISTURB TENANTS. Interior photos are of studio (170 sq ft). One bedroom units (330 sq ft) are similar with additional large bedroom. Hubbard was named the safest city in Oregon in 2016 & 2017. In high demand North Marion School District.

Last Agent to Sell the Property

Jason Kennedy

RE/MAX EQUITY GROUP License #200501139 Listed on: 09/02/2020

RE/MAX EQUITY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,646

Year Built

  • Built in 1950

Home Design

  • 3,642 Sq Ft Home
  • Composition Roof
  • Stucco

Utilities

  • Zoned Heating
  • Well
  • Gas Water Heater
  • Septic System

Additional Features

  • Electric Range
  • Covered Patio or Porch
  • 1.29 Acre Lot

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $6,515
  • Fuel Expense $1,312
  • Insurance Expense $2,300
  • Maintenance Expense $4,029
  • Water Sewer Expense $1,224
  • Operating Expense $30,391
  • Net Operating Income $57,218

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,646

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: UNBELIEVABLE CAP RATE!!! This professionally managed property is very easy to rent and maintains full occupancy. Very recent NEW ROOF, NEW WATER HEATER, NEW EXTERIOR PAINT, and other recent improvements. Conveniently located between Portland and Salem. DO NOT DISTURB TENANTS. Interior photos are of studio (170 sq ft). One bedroom units (330 sq ft) are similar with additional large bedroom. Hubbard was named the safest city in Oregon in 2016 & 2017. In high demand North Marion School District.
  • Miscellaneous: 1456
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerator: Refrigerator Included
  • Price Per Sq Ft: 223.78
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 240.25

Exterior Features

  • Patio: Covered Patio
  • Roof: Composition
  • Siding: Stucco

Utilities

  • Heating: Electric, Zonal
  • Water: Well
  • Water Heater: Gas
  • Electric: 6515
  • Gas: 1312
  • Insurance: 2300
  • Sewer: Septic
  • Water/Sewer: 1224

Condo/Co-op/Association

  • Maintenance: 4029
  • Mgmt Acct: 5974

Schools

  • Elementary School: North Marion
  • Middle School: North Marion
  • High School: North Marion

Lot Info

  • Acres: 1.29
  • Price Per Acre: 678294.57
  • Zoning: RM-LU
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 30391

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R11264
  • Tax Account Number: R11264
  • Tax Amount: 2646

Multi Family

  • Additional Land Available: 87609
  • Net Income: 57218
  • Gross Sched Income: 92220
  • Number Of Units: 11

Range of Values:

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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
09/01/2023 09/01/23 Sold $1,050,000 -11.8% $178 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/01/2023 05/01/23 Price Changed $1,190,000 -4.8% $202 / Sq Ft
03/10/2023 03/10/23 For Sale $1,250,000 +53.4% $212 / Sq Ft
05/19/2021 05/19/21 Sold $815,000 -6.9% $224 / Sq Ft
09/02/2020 09/02/20 For Sale $875,000 +86.2% $240 / Sq Ft
12/30/2016 12/30/16 Sold $470,000 -5.1% $129 / Sq Ft
08/26/2016 08/26/16 Pending -- -- --
07/08/2016 07/08/16 For Sale $495,000 -- $136 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rich Stark

    Seller's Agent in 2023

    Rich Stark

    Rich Stark Realty

    (503) 577-2351

    37 Total Sales

    Rich Stark
    Section Image
  • Jason Kennedy

    Seller's Agent in 2021

    Jason Kennedy

    RE/MAX

    (503) 679-0554

    181 Total Sales

    Jason Kennedy
    Section Image

  • M

    Seller's Agent in 2016

    Michael Wardwell

    PDX Investment Real Estate LLC

  • P

    Buyer's Agent in 2016

    Piper Stewart

    REfind LLC

    (503) 427-8524

    13 Total Sales

    Piper Stewart
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 768347

Willamette Valley MLS

APN: 041W27AD00400

Oregon Marion County Hubbard 97002

19107 Highway 99e, Hubbard, OR

This home is located at 19107 Highway 99e, Hubbard, OR 97032 and is currently priced at $815,000, approximately $223 per square foot. This property was built in 1950. 19107 Highway 99e is a home located in Marion County with nearby schools including North Marion Primary School, North Marion Middle School, and North Marion High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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