NOT LISTED FOR SALE

1950 S Alpine St Cornelius, OR 97113

Estimated Value: $478,667 - $558,000

4 Beds
2 Baths
1,728 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $535,000 $310 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,976/month

1 Day on Market

Highlights

  • Property is near bus stop
  • 4 Car Garage
  • Level Lot
  • Baseboard Heating
  • High Speed Internet
  • 1-Story Property

About This Home

As of November 2023

Single Level Duplex With Solid Rental History! 2 bedroom, 1 bath, attached 1 car garage on each side. Now is your time and your chance to join the worlds club of real estate investors. Close to bus line, grocery stores, restaurants & cafes. Fenced yard, tile & laminate flooring, plenty of space for parking. All vinyl, double pane windows and one unit has updated flooring, kitchen & bathroom cabinets and counter tops. Rents are under market, the tenants benefit by the common wall being between the 2 garages. About 8 minute drive to Pacific University or downtown Hillsboro. Please do not disturb the tenants or walk the property.

Last Agent to Sell the Property

Tim Hardy

Keller Williams Realty Professionals License #980800192 Listed on: 10/06/2023

Keller Williams Realty Professionals

Last Buyer's Agent

Jesus Gomez

RE/MAX Equity Group License #200107117

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,798

Year Built

  • Built in 1981

Lot Details

  • 9,148

Parking

  • 4 Car Garage
  • Open Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Echo Shaw Elementary School
  • Neil Armstrong Middle School
  • Forest Grove High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Level Lot
  • Property is near bus stop

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R2028076

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,446
  • Gross Income $32,400
  • Net Operating Income $24,954

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,798

Year Built

Built in 1981

Lot Details

9,148 Sq Ft Lot

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1981
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 535000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, Open
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Echo Shaw
  • High School: Forest Grove
  • Middle Or Junior School: Neil Armstrong

Lot Info

  • Zoning: A2
  • Parcel #: R2028076

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 2798.13

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.67
  • Annual Gross Income: 32400.0
  • Property Net Operating Income: 24954.0
  • Annual Operating Expense: 7446.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Oct 12, 2023
Sold by
Tanner Owen
Bought by
Cruz Sandy Espindola and Olvera Arturo Andrade
Seller's Agent
Tim Hardy
Keller Williams Realty Professionals
Buyer's Agent
Jesus Gomez
RE/MAX Equity Group
List Price
$540,000
Sold Price
$535,000
Premium/Discount to List
-$5,000
-0.93%
Views
23
Current Estimated Value
$516,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,333
Avg. Annual Appreciation
-1.52%
Original Mortgage
$525,309
Interest Rate
7.63%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 23, 2019
Sold by
Living Hope Fellowship Inc
Bought by
Tanner Owen

Purchase Details

Closed on
Jan 8, 2019
Sold by
Cornelius Properties Llc
Bought by
Tanner Joseph and Tanner Owen

Purchase Details

Closed on
Mar 13, 2018
Sold by
Tanner Joseph
Bought by
Cornelius Properties Llc

Purchase Details

Closed on
Mar 6, 2015
Sold by
Cornelius Properties Llc
Bought by
Tanner Joseph

Purchase Details

Closed on
Oct 14, 2009
Sold by
Tanner Joseph E
Bought by
Tanner Equities Llc

Purchase Details

Closed on
Dec 18, 2006
Sold by
Tanner Joseph E
Bought by
Cornelius Properties Llc
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Cruz Sandy Espindola $535,000 First American Title
Tanner Owen $150,000 None Available
Tanner Joseph -- None Available
Cornelius Properties Llc -- None Available
Tanner Joseph -- None Available
Tanner Equities Llc -- None Available
Tanner Joseph E -- Ticor Title
Cornelius Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cruz Sandy Espindola $525,309
Closed Tanner Joseph E $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $535,000 -0.9% $310 / Sq Ft
10/08/2023 10/08/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $540,000 -- $313 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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
2026 $3,458 $199,030 -- --
2025 $3,458 $193,240 -- --
2024 $3,158 $187,620 -- --
2023 $3,158 $182,160 $0 $0
2022 $2,798 $182,160 $0 $0
2021 $2,765 $171,710 $0 $0
2020 $2,754 $166,710 $0 $0
2019 $2,694 $161,860 $0 $0
2018 $2,612 $157,150 $0 $0
2017 $2,531 $152,580 $0 $0
2016 $2,459 $148,140 $0 $0
2015 $2,314 $143,830 $0 $0
2014 -- $139,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23166982

Regional Multiple Listing Service (RMLS)

APN: R2028076

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