NOT LISTED FOR SALE

217 SE 16th St Pendleton, OR 97801

Estimated Value: $219,000 - $893,000

4 Beds
3 Baths
5,790 Sq Ft
$96/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $699,000 $121 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $3,464/month

69 Days on Market

Highlights

  • Territorial View
  • Laundry Facilities
  • No Heating
  • Landscaped with Trees
  • Level Lot

About This Home

As of January 2023

INVESTMENT OPPORTUNITY knocking! Single tax lot with 9 dwellings located amidst a lush green space with large trees and coin-op laundry facilities onsite. Includes a historic & charming apartment complex with 7 remodeled one-bedroom units, an updated 1-bedroom cottage, and a 2-bedroom manufactured home. Please note that income records include long periods of vacant units during extended remodeling. Neighboring property at 223 SE 16th Street is also for sale under MLS #22098172.

Last Agent to Sell the Property

Molly Webb Thompson

Webb Property Resources Brokerage Email: molly.s.webb@gmail.com License #201215719 Listed on: 09/19/2022

Last Buyer's Agent

Molly Webb Thompson

Webb Property Resources Brokerage Email: molly.s.webb@gmail.com License #201215719 Listed on: 09/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,378

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • Level Lot
  • Landscaped with Trees

Interior Spaces

  • 5,790 Sq Ft Home
  • Territorial Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Schools

  • Washington Elementary School
  • Sunridge Middle School
  • Pendleton High School

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 103102

Community Details

Building Details

  • Operating Expense $21,480
  • Gross Income $54,963
  • Net Operating Income $33,483

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,378

Year Built

Built in 1945 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1945
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 699000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 4
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Lot Size: 15,000 to 19,999 SqFt
  • View: Yes
  • Lot Features: Level, Trees
  • View: Territorial

Garage/Parking

  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Washington
  • High School: Pendleton
  • Middle Or Junior School: Sunridge

Lot Info

  • Zoning: R2
  • Parcel #: 103102

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 4378.21

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 9
  • Gross Rent Multiplier: 13.08
  • Annual Gross Income: 54963.0
  • Property Net Operating Income: 33483.0
  • Annual Operating Expense: 21480.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2022
Closed on
Jan 11, 2023
Sold by
Nokes Tyler S
Bought by
Community Counseling Solutions
Seller's Agent
Molly Webb Thompson
Webb Property Resources
Buyer's Agent
Molly Webb Thompson
Webb Property Resources
List Price
$729,000
Sold Price
$699,000
Premium/Discount to List
-$30,000
-4.12%
Views
85
Current Estimated Value
$556,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$143,000
Avg. Annual Appreciation
-7.39%
Source: Public Records
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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
Community Counseling Solutions $699,000 Pioneer Title
Community Counseling Solutions $229,000 Pioneer Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2023 01/13/23 Sold $699,000 -2.8% $121 / Sq Ft
11/29/2022 11/29/22 Pending -- -- --
11/03/2022 11/03/22 Price Changed $719,000 -1.4% $124 / Sq Ft
09/20/2022 09/20/22 For Sale $729,000 -- $126 / 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
2023 $4,615 $247,870 $49,830 $198,040
2022 $4,353 $240,660 $0 $0
2021 $4,378 $233,660 $46,970 $186,690
2020 $4,229 $226,860 $45,590 $181,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22179584

Regional Multiple Listing Service (RMLS)

APN: 103102