NOT LISTED FOR SALE

224 Cherry St Unit 236 Silverton, OR 97381

-- Bed
-- Bath
10,434 Sq Ft
0.44 Acres

Last Sold August 14, 2015

Last sale price $675,000 $65 Per Sq Ft

19 Days on Market

About This Home

As of August 2015

Excellent location in west Silverton, very close to Medical, Schools, Shopping and Downtown. Property consists of multiple duplexes, individual houses, garages, storage rooms, carports, and large common areas. Property has been well maintained but there is also room for modernization. Property is also rented at below market rates; there is room to improve both the gross and net operating income. APOD is available upon request.

Last Agent to Sell the Property

Josh Mitchell

SILVER RIDGE REALTY License #200604397 Listed on: 04/05/2015

Last Buyer's Agent

Josh Mitchell

SILVER RIDGE REALTY License #200604397 Listed on: 04/05/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,672

Year Built

  • Built in 1948

Lot Details

  • 0.44 Acre Lot

Home Design

  • 10,434 Sq Ft Home

Listing and Financial Details

  • Exclusions: Tenant property

Community Details

Overview

  • 9 Units

Building Details

  • Operating Expense $19,399
  • Net Operating Income $41,321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,672

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: Excellent location in west Silverton, very close to Medical, Schools, Shopping and Downtown. Property consists of multiple duplexes, individual houses, garages, storage rooms, carports, and large common areas. Property has been well maintained but there is also room for modernization. Property is also rented at below market rates; room to improve both the gross and net operating income. APOD on request. Projected income should be in excess of $85k/year with full utilization of prop. Do not disturb tenants.
  • Cross Street: Phelps
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Exclusions: Tenant property
  • Source Of Sq Ft: Owner

Exterior Features

  • Exterior Color: Beige

Lot Info

  • Acres: 0.44
  • Zoning: R-L
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 19399

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R17505
  • Tax Amount: 6672

Multi Family

  • Net Income: 41321
  • Gross Sched Income: 60720
  • Number Of Units: 9
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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 List to Sale Price per Sq Ft Prior Sale
08/14/2015 08/14/15 Sold $675,000 0.0% $65 / Sq Ft View Prior Sale
08/14/2015 08/14/15 Sold $675,000 0.0% $65 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
04/24/2015 04/24/15 Pending -- -- --
04/05/2015 04/05/15 For Sale $675,000 -10.0% $65 / Sq Ft
07/24/2014 07/24/14 For Sale $750,000 -- $72 / Sq Ft
Source: Willamette Valley MLS

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 $4,948 $307,520 -- --
2024 $4,948 $298,570 -- --
2023 $4,821 $289,880 $0 $0
2022 $4,564 $281,440 $0 $0
2021 $4,441 $273,250 $0 $0
2020 $4,331 $265,300 $0 $0
2019 $4,204 $257,580 $0 $0
2018 $4,221 $0 $0 $0
2017 $4,126 $0 $0 $0
2016 $4,051 $0 $0 $0
2015 $4,012 $0 $0 $0
2014 $3,890 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 688199

Willamette Valley MLS

APN: 517505