NOT LISTED FOR SALE

225 E Airport Rd Lebanon, OR 97355

Estimated Value: $2,813,220

5.5 Acres
$511,495 Price per Acre
239,580 Sq Ft Lot

Last Sold July 14, 2020

Last sale price $1,947,857

Est. 44% increase in value since last sale

Current estimated payment $16,773/month

Highlights

  • 5.5 Acre Lot
  • Fenced
  • 5-minute walk to Porter Park Community Garden
  • High Speed Internet

About This Lot

As of July 2020

Major redevelopment opportunity adjacent to busy Safeway Shopping Center. Area majors include UPS, Americas Mattress, Taco Bell, Tarbucks, Burger King, AT&T Wireless, Gentle Dental. Zoning allowes multifamily, retail, Lt Industrial, or Office uses. Listing broker is an owner-trustee. See WVMLS# 743458.

Last Agent to Sell the Property

Kenneth Marshall

VINTAGE REALTY NORTHWEST License #200404300 Listed on: 05/15/2019

Last Buyer's Agent

Logan Devos

SMI REAL ESTATE License #200706101

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,536

Lot Details

  • 5.5 Acre Lot
  • Lot Dimensions are 470x500
  • Fenced
  • Property is zoned MU

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Exclusions: non
  • Tax Lot 9100

Property Details

Property Type

Land

Est. Annual Taxes

$6,536

Lot Details

0

Listing Details

  • Class: Bare Land
  • Type: Commercial Land
  • Syndicated Remarks: Major redevelopment opportunity adjacent to busy Safeway Shopping Center. Area majors include UPS, Americas Mattress, Taco Bell, Tarbucks, Burger King, AT&T Wireless, Gentle Dental. Zoning allowes multifamily, retail, Lt Industrial, or Office uses. Listing broker is an owner-trustee. See WVMLS# 743458.
  • Cross Street: Hwy 20
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Exclusions: non
  • Negotiable Inclusions: 26,000+/-sqft of leased indust. buildings

Exterior Features

  • Access: Paved
  • Fenced: Yes

Utilities

  • Water: City
  • Cable TV: Available
  • Electricity: Yes
  • High Speed Communications: Present
  • Natural Gas: Yes
  • Sewer Available: Yes
  • Telephone: Yes

Lot Info

  • Acres: 5.5
  • Estimated Lot Dimensions: 470x500
  • Estimated Lot Sq Ft: 240000
  • Lot: 9100
  • Zoning: MU
  • Corners: To Be Flagged
  • Surveyed: Yes
  • Geo Subdivision: OR
  • Map Parcel Number: 12S02W14-BL-09100

Tax Info

  • Tax Database Id: 2
  • Assessor Parcel Number: 197208
  • Tax Amount: 6536

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2023
Sold by
Lt Investments Two Llc and E Investments Llc
Bought by
Timbermill Self Storage Llc
Current Estimated Value
$2,813,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,309,344
Outstanding Balance
$995,574
Interest Rate
7.31%
Mortgage Type
Construction
Estimated Equity
$1,817,646

Purchase Details

Listed on
May 15, 2019
Closed on
Jul 13, 2020
Sold by
Marshall Kenneth G and Marshall Karen Lee
Bought by
Lt Investmentst Two Llc and Marchant Properties Llc
Seller's Agent
Kenneth Marshall
VINTAGE REALTY NORTHWEST
Buyer's Agent
Logan Devos
SMI REAL ESTATE
List Price
$2,280,000
Sold Price
$1,947,857
Premium/Discount to List
-$332,143
-14.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$1,080,000
Interest Rate
3.2%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Timbermill Self Storage Llc -- Accommodation/Courtesy Recordi
Lt Investmentst Two Llc $1,947,857 Ticor Title Company Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Timbermill Self Storage Llc $1,309,344
Previous Owner Lt Investmentst Two Llc $1,080,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2020 07/14/20 Sold $1,947,857 0.0% --
09/06/2019 09/06/19 Off Market $1,947,857 -- --
05/15/2019 05/15/19 For Sale $2,280,000 -- --
Source: Willamette Valley MLS

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
2025 $24,572 $1,159,320 -- --
2024 $8,929 $420,300 $550 --
2023 $8,630 $408,060 $0 $0
2022 $8,389 $396,180 $0 $0
2021 $8,101 $384,650 $0 $0
2020 $7,210 $373,450 $0 $0
2019 $6,796 $362,580 $0 $0
2018 $0 $352,020 $0 $0
2017 $12,798 $341,770 $0 $0
2016 $8,812 $481,300 $0 $0
2015 $13,946 $636,290 $0 $0
2014 $13,718 $617,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Marshall

    Seller's Agent in 2020

    Kenneth Marshall

    VINTAGE REALTY NORTHWEST

    (541) 754-7314

    2 in this area

    35 Total Sales

    Kenneth Marshall
    Section Image

  • L

    Buyer's Agent in 2020

    Logan Devos

    SMI REAL ESTATE

See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 748832

Willamette Valley MLS

APN: 0197208

Oregon Linn County Lebanon 97355

225 E Airport Rd, Lebanon, OR

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.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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