Seller's Agent in 2025
Kurt Katsura
Windermere RE Lane County
(541) 465-8111
1 in this area
99 Total Sales
227 S 40th Place Springfield, OR 97478
East Springfield NeighborhoodEstimated Value: $405,832 - $463,000
4
Beds
4
Baths
2,162
Sq Ft
$199/Sq Ft
Est. Value
Highlights
- No HOA
- 2 Car Garage
- Level Lot
- Forced Air Heating System
- High Speed Internet
- Wood Siding
About This Home
As of January 2025Great investment duplex property! Long term tenants and good rental history, below current market rents. Showings only after an accepted offer, please do not disturb the tenants.
Last Agent to Sell the Property
Windermere RE Lane County Brokerage Phone: 541-465-8111 License #200307194 Listed on: 10/02/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,860
Year Built
- Built in 1976
Lot Details
- 8,276 Sq Ft Lot
- Level Lot
Parking
- 2 Car Garage
- Driveway
Home Design
- Composition Roof
- Wood Siding
- Plywood Siding Panel T1-11
- Concrete Perimeter Foundation
Interior Spaces
- 2,162 Sq Ft Home
- 2-Story Property
- Crawl Space
Schools
- Douglas Gardens Elementary School
- Agnes Stewart Middle School
- Springfield High School
Utilities
- No Cooling
- Forced Air Heating System
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 1144995
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $4,575
- Gross Income $26,760
- Net Operating Income $26,760
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 2, 2024
Closed on
Jan 2, 2025
Sold by
Sherry D Waite Revocable Trust and Waite Sherry D
Bought by
Brahimaj Albert R
Seller's Agent
Kurt Katsura
Windermere RE Lane County
Buyer's Agent
Laura Desmond
Hybrid Real Estate
List Price
$399,000
Sold Price
$399,000
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,708
Avg. Annual Appreciation
7.25%
Original Mortgage
$299,250
Outstanding Balance
$296,653
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$133,055
Purchase Details
Closed on
Nov 5, 2013
Sold by
Waite Sherry D
Bought by
Waite Sherry D and Sherry D Waite Revocable Trust
Purchase Details
Closed on
Feb 26, 2003
Sold by
Dilbeck Sandra L
Bought by
Waite Sherry D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.93%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 25, 2002
Sold by
Dilbeck Sandra L
Bought by
Dilbeck Sandra L and Sandra L Dilbeck Family Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brahimaj Albert R | $399,000 | Cascade Title | |
| Brahimaj Albert R | $399,000 | Cascade Title | |
| Waite Sherry D | -- | None Available | |
| Waite Sherry D | $160,000 | Western Pioneer Title Co | |
| Dilbeck Sandra L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brahimaj Albert R | $299,250 | |
| Closed | Brahimaj Albert R | $299,250 | |
| Previous Owner | Waite Sherry D | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/03/2025 01/03/25 | Sold | $399,000 | 0.0% | $185 / Sq Ft |
| 11/12/2024 11/12/24 | Pending | -- | -- | -- |
| 10/09/2024 10/09/24 | For Sale | $399,000 | 0.0% | $185 / Sq Ft |
| 10/03/2024 10/03/24 | Pending | -- | -- | -- |
| 10/02/2024 10/02/24 | For Sale | $399,000 | -- | $185 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $4,098 | $223,494 | -- | -- |
| 2024 | $4,032 | $216,985 | -- | -- |
| 2023 | $4,032 | $210,666 | $0 | $0 |
| 2022 | $3,734 | $204,531 | $0 | $0 |
| 2021 | $3,667 | $198,574 | $0 | $0 |
| 2020 | $3,560 | $192,791 | $0 | $0 |
| 2019 | $3,453 | $187,176 | $0 | $0 |
| 2018 | $3,255 | $176,432 | $0 | $0 |
| 2017 | $3,130 | $176,432 | $0 | $0 |
| 2016 | $3,064 | $171,293 | $0 | $0 |
| 2015 | $2,977 | $166,304 | $0 | $0 |
| 2014 | $2,932 | $161,460 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kurt Katsura
-
Laura Desmond
Buyer's Agent in 2025
Laura Desmond
Hybrid Real Estate
(541) 953-3862
15 in this area
94 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24611764
APN: 1144995
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.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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