NOT LISTED FOR SALE

207 E 3rd St Molalla, OR 97038

Estimated Value: $379,000 - $396,000

2 Beds
1 Bath
1,325 Sq Ft
$291/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $271,000 $205 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,238/month

241 Days on Market

Highlights

  • Attached Garage
  • Forced Air Heating System
  • Level Lot

About This Home

As of August 2020

Cozy bungalow is an investment opportunity in waiting! Offering 3 bedrooms, 2 bathrooms w/attached garage. Wonderful opportunity to own a great investment property with solid tenants in place or a home to make all your own! Main home rents separately than the apartment above the garage, Garage unit has 1 bed/1 bath and kitchen along with a heat pump. Main home serves 2 beds/1 bath & a long term tenant. An incredible opportunity awaits!!

Last Agent to Sell the Property

Rebecca Mitchell

Keller Williams PDX Central License #201221272 Listed on: 11/09/2019

Last Buyer's Agent

Jason Kennedy

RE/MAX Equity Group License #200501139

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,950

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • Level Lot

Parking

  • Attached Garage

Home Design

  • 1,325 Sq Ft Home
  • Slab Foundation
  • Composition Roof
  • Stucco Exterior

Schools

  • Molalla Elementary School
  • Molalla River Middle School
  • Molalla High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Rent includes cable TV, trashcollection
  • Assessor Parcel Number 01098895

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,330
  • Gross Income $24,732
  • Net Operating Income $21,402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,950

Year Built

Built in 1947 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1947
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 271000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Garage
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: Other,Stucco
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Molalla
  • High School: Molalla
  • Middle Or Junior School: Molalla River

Lot Info

  • Zoning: R3
  • Parcel #: 01098895

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: CableTV, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 1950.47

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.32
  • Annual Gross Income: 24732.0
  • Property Net Operating Income: 21402.0
  • Annual Operating Expense: 3330.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2019
Closed on
Aug 6, 2020
Sold by
Bachelder Robert A
Bought by
Bergstrom Benjamin
Seller's Agent
Rebecca Mitchell
Keller Williams PDX Central
Buyer's Agent
Jason Kennedy
RE/MAX Equity Group
List Price
$279,900
Sold Price
$271,000
Premium/Discount to List
-$8,900
-3.18%
Current Estimated Value
$385,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,950
Avg. Annual Appreciation
6.70%
Original Mortgage
$269,100
Outstanding Balance
$238,173
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$147,777

Purchase Details

Closed on
May 30, 2006
Sold by
Kirk Roger E and Kirk Judy A
Bought by
Bachelder Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,800
Interest Rate
6.52%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 17, 2003
Sold by
Hoffman Dennis K and Hoffman Debbie A
Bought by
Kirk Roger E and Kirk Judy A

Purchase Details

Closed on
Aug 2, 2001
Sold by
Rydzewski William S and Rydzewski Brenda J
Bought by
Hoffman Dennis K and Hoffman Debbie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.09%

Purchase Details

Closed on
May 22, 2001
Sold by
Marson John L
Bought by
Rydzewski William S and Rydzewski Brenda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,700
Interest Rate
7.06%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Bergstrom Benjamin $277,500 Lawyers Title Of Oregon Llc
Bachelder Robert A $193,500 Lawyers Title Ins
Kirk Roger E $129,000 First Amer Title Ins Co Of O
Hoffman Dennis K $110,000 Fidelity National Title Co
Rydzewski William S $73,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bergstrom Benjamin $269,100
Previous Owner Bachelder Robert A $154,800
Previous Owner Hoffman Dennis K $88,000
Previous Owner Rydzewski William S $65,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $271,000 0.0% $205 / Sq Ft
07/09/2020 07/09/20 Off Market $271,000 -- --
07/06/2020 07/06/20 Pending -- -- --
11/08/2019 11/08/19 For Sale $279,900 -- $211 / 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
2025 $2,782 $145,203 -- --
2024 $2,689 $140,974 -- --
2023 $2,689 $136,868 $0 $0
2022 $2,217 $132,882 $0 $0
2021 $2,126 $129,012 $0 $0
2020 $2,067 $125,255 $0 $0
2019 $2,007 $121,607 $0 $0
2018 $1,950 $118,065 $0 $0
2017 $1,870 $114,626 $0 $0
2016 $1,773 $111,287 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19032634

Regional Multiple Listing Service (RMLS)

APN: 01098895