NOT LISTED FOR SALE

206 Cypress St Brookings, OR 97415

Estimated Value: $435,881 - $519,000

3 Beds
4 Baths
2,556 Sq Ft
$187/Sq Ft Est. Value

Last Sold April 15, 2024

Last sale price $525,000 $205 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,216/month

53 Days on Market

Highlights

  • Waterfront
  • Baseboard Heating
  • Level Lot
  • Attached Garage

About This Home

As of April 2024

This Charming duplex is nestled a scant 1/2 mile from the vast Pacific Ocean and a short drive to the fishing port and shops of Brookings. Ideal as a rental income property, this 2-unit home is a blend of functionality and ease of living. Great income-producing property or live in one unit and rent out the other. FEATURES: Nearby Ocean and Port Views: Walk to panoramic views that capture the essence of the Pacific Northwest's natural beauty.Efficient Design: The 2-story space is thoughtfully designed for maximum efficiency. Each unit has 3 upstairs bedrooms with a full bath, downstairs a large living room dining area, kitchen, laundry, and half bath. Enhancements: Feel secure with the newer roof on the back part of the building. Expansive Yard: Step out onto your deck and into the spacious fully fenced yard that offers you wondrous pet play space and gardening adventures. Location, Location, Location: Places you right in the heart of the region's unique "Banana Belt", offering warm weather and unparalleled rugged beauty. Parking Convenience and Garage: A single-car garage ensures you have ample space for all your belongings while the driveway offers plenty of extra parking spaces. Experience the allure of coastal living, where every day feels like a vacation. Don't miss the chance to make this unique property your own!

Last Listed By

Ron Reel

Premier Ocean Properties License #201203993 Listed on: 01/04/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,060

Year Built

  • Built in 1985

Lot Details

  • Waterfront
  • Level Lot

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,556 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Kalmiopsis Elementary School
  • Driftwood Middle School
  • Brookings-Harbr High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R20900

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,783
  • Gross Income $39,360
  • Net Operating Income $32,577

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,060

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1985
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OceanBeachOneQuarterMileOrLess
  • Road Surface Type: Paved
  • Waterfront Features: Other
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Kalmiopsis
  • High School: Brookings-Harbr
  • Middle Or Junior School: Driftwood

Lot Info

  • Zoning: R-2
  • Parcel #: R20900

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 2060.47

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.24
  • Annual Gross Income: 39360.0
  • Property Net Operating Income: 32577.0
  • Annual Operating Expense: 6783.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Apr 10, 2024
Sold by
Bubb Family Revocable Living Trust and Bubb Mark L
Bought by
Siedle Kyle and Siedle Mesha
Seller's Agent
Ron Reel
Premier Ocean Properties
Buyer's Agent
Ron Reel
Premier Ocean Properties
List Price
$599,988
Sold Price
$525,000
Premium/Discount to List
-$74,988
-12.5%
Total Days on Market
53
Views
57
Current Estimated Value
$548,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,028
Avg. Annual Appreciation
-8.57%
Original Mortgage
$225,000
Outstanding Balance
$222,547
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$254,894

Purchase Details

Closed on
Jun 3, 2021
Sold by
Bubb Mark L and Bubb Diana M
Bought by
Bubb Mark L and Bubb Diana M

Purchase Details

Listed on
Jan 21, 2021
Closed on
Mar 12, 2021
Sold by
Behnke Cheryl
Bought by
Bubb Mark L and Bubb Diana M
Seller's Agent
Rebecca Watwood PC
Century 21 Agate Realty
Buyer's Agent
Ron Reel
Premier Ocean Properties
List Price
$350,000
Sold Price
$370,000
Premium/Discount to List
$20,000
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$277,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2008
Sold by
Minnier Rodney G and Minnier Eileen B
Bought by
Behnke Cheryl and Behnke Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.05%
Mortgage Type
New Conventional

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
Siedle Kyle $525,000 Curry County Title
Bubb Mark L -- None Available
Bubb Mark L $370,000 Curry County Title Inc
Behnke Cheryl $250,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siedle Kyle $225,000
Previous Owner Bubb Mark L $277,500
Previous Owner Behnke Cheryl $152,240
Previous Owner Behnke Cheryl $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2024 04/15/24 Sold $525,000 -12.5% $205 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $599,988 +62.2% $235 / Sq Ft
03/16/2021 03/16/21 Sold $370,000 +5.7% $145 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $350,000 -- $137 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $2,122 $224,500 -- --
2023 $2,060 $217,970 $0 $0
2022 $2,001 $211,630 $0 $0
2021 $1,942 $205,470 $0 $0
2020 $2,005 $199,490 $0 $0
2019 $1,841 $193,680 $0 $0
2018 $1,920 $188,040 $0 $0
2017 $1,849 $188,040 $0 $0
2016 $1,804 $182,570 $0 $0
2015 $1,650 $162,300 $0 $0
2014 $1,650 $161,620 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24341006

Regional Multiple Listing Service (RMLS)

APN: R20900