NOT LISTED FOR SALE

2053 SW Timber Ave Redmond, OR 97756

3 Beds
2 Baths
13,975 Sq Ft
1.28 Acres

Last Sold September 01, 2016

Last sale price $1,375,000 $98 Per Sq Ft

8 Days on Market

Highlights

  • Deck
  • Guest Parking
  • Level Lot
  • Sage Elementary School Rated A-
  • Garage
  • 4-minute walk to Raprd Activity Center

About This Home

As of September 2016

Located in Redmond, Oregon The Cascade's is a 13 unit townhome style apartment community consisting of (5) two-story buildings on 1.28 acres. Rents have recently been increased to $900 effective May 1. Prelim. rent analysis for the Bend/Redmond area indicates potential market rents of $1,100 - $1,200. Outstanding cap rate & GRM on effective rents / actual expense with pot. for immediate upside.Poss room to add units & CONDO PLAT COMP

Last Listed By

Joe Scharf

JRS ONE LLC License #201212748 Listed on: 04/27/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1994

Lot Details

  • 1.28

Home Design

  • Lap Siding

Interior Spaces

  • 2-Story Property
  • Dishwasher

Parking

  • Garage
  • Guest Parking

Additional Features

  • Deck
  • Level Lot

Community Details

  • 13 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 13975
  • Stories: 2
  • Year Built: 1994
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: Assessor Map 15-13-20-DA-01600
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Lap Siding
  • Lot Size: 1 to 2.99 Acres

Garage/Parking

  • Parking Description: Guest, Garage

Utilities

  • Fuel Description: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace
  • Utilities Included: Trash Collection, Sewer, Water

Condo/Co-op/Association

  • Management Name: Owner
  • Unit Features: Deck, Dishwasher, Refrigerator, Washer/Dryer Hookup

Lot Info

  • Lot Description: Level
  • Zoning: R5

Tax Info

  • Tax Amount: 14447.60
  • Assessor Parcel Number: 161845

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 13
  • Gross Rent Multiplier: 10.33

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

Property History

Date Event Price Change Sq Ft Price
09/01/2016 09/01/16 Sold $1,375,000 -5.2% $98 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $1,450,000 -- $104 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Scharf

    Seller's Agent in 2016

    Joe Scharf

    JRS ONE LLC

    (503) 319-0119

    12 Total Sales

    Joe Scharf
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16283006

Regional Multiple Listing Service (RMLS)

APN: 151320 DA 01600

Oregon Deschutes County Redmond 97756

2053 SW Timber Ave, Redmond, OR

Homes for Sale in Redmond, OR

This home is located at 2053 SW Timber Ave, Redmond, OR 97756 since 27 April 2016. This property was built in 1994. 2053 SW Timber Ave is a home located in Deschutes County with nearby schools including Sage Elementary School, Obsidian Middle School, and Ridgeview 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.

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