NOT LISTED FOR SALE

227 SE 6th St Madras, OR 97741

Estimated Value: $265,500

Studio
3 Baths
2,756 Sq Ft
$96/Sq Ft Est. Value

Last Sold November 13, 2017

Last sale price $174,500 $63 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,603/month

109 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • Breakfast Bar
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Bathtub with Shower

About This Home

As of November 2017

Excellent opportunity to own an income producing property. This downtown building is zoned commercial, but has always been used as a mixed use property with Office/Retail on the lower level & a large 2 bedroom apartment upstairs, and a studio on the lower level behind the retail space as well as a large storage room, which could also be rented out. Low maintenance building with updated furnace & plumbing. New windows. Great live/work space or profitable rental.

Last Agent to Sell the Property

Andy Stearns

MyLuckyHouse Inc. License #201201064 Listed on: 09/13/2017

Last Buyer's Agent

Everett Decker

John L Scott Bend-Redmond License #911100124

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,947

Year Built

  • Built in 1952

Lot Details

  • 2,614 Sq Ft Lot

Home Design

  • Triplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Membrane Roofing

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows

Kitchen

  • Breakfast Bar
  • Oven
  • Range
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Bathtub with Shower

Schools

  • Madras Elementary School
  • Jefferson County Middle School
  • Madras High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Exclusions: Tenants belongings in Studio
  • Assessor Parcel Number 10041

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Madras Subdivision

Building Details

  • Gross Income $20,520
  • Net Operating Income $16,324

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,947

Year Built

Built in 1952

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Architectural Style: Contemporary
  • Unit Levels: Two
  • Lot Size Acres: 0.06
  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Subdivision Name: Madras
  • Year Built: 1952
  • Total Gross Income: 20520.0
  • Co List Office Phone: 541-815-8200
  • Outside Inclusions: Refrigerator, micro & AC in Upper Unit; Workbench in Storage
  • MLS Status: Closed
  • Special Features: None

Interior Features

  • Appliances: Microwave, Oven, Range, Refrigerator, Water Heater
  • Full Bathrooms: 3
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Breakfast Bar, Shower/Tub Combo
  • Window Features: Double Pane Windows, Vinyl Frames

Exterior Features

  • Construction Type: Block, Brick
  • Foundation Details: Slab
  • Roof: Membrane
  • Exclusions: Tenants belongings in Studio

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Forced Air, Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Madras Elementary
  • High School: Madras High
  • Middle Or Junior School: Jefferson County Middle

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: 10041
  • ResoLotSizeUnits: Acres
  • Zoning Description: C2

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 16324.0
  • Annual Operating Expense: 4196.0

Tax Info

  • Tax Annual Amount: 1947.0
  • Tax Block: 0
  • Tax Lot: 0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2017
Closed on
Nov 7, 2017
Sold by
Jada Properties Llc
Bought by
Cooper Taasha C and Scott S Cooper Irrevocable Trust
Seller's Agent
Andy Stearns
MyLuckyHouse Inc.
Buyer's Agent
Everett Decker
John L Scott Bend-Redmond
List Price
$199,900
Sold Price
$174,500
Premium/Discount to List
-$25,400
-12.71%
Current Estimated Value
$265,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,000
Avg. Annual Appreciation
5.16%

Purchase Details

Closed on
Jun 29, 2011
Sold by
Bowers Vernon F
Bought by
Jada Properties Llc and Goldenbay Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cooper Taasha C $174,500 Western Title & Escrow
Jada Properties Llc $200,000 Amerititle
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2017 11/13/17 Sold $174,500 -12.7% $63 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $199,900 -- $73 / Sq Ft
Source: Oregon Datashare

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 $2,657 $129,330 -- --
2024 $2,611 $125,570 -- --
2023 $2,446 $121,920 $0 $0
2022 $2,410 $118,370 $0 $0
2021 $2,308 $114,930 $0 $0
2020 $2,259 $111,590 $0 $0
2019 $2,180 $108,340 $0 $0
2018 $2,111 $105,190 $0 $0
2017 $1,948 $102,130 $0 $0
2016 $1,802 $99,160 $0 $0
2015 $1,897 $97,180 $0 $0
2014 $1,897 $94,350 $0 $0
2013 -- $91,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Andy Stearns

    MyLuckyHouse Inc.

    (541) 350-0322

    37 Total Sales

    Andy Stearns
    Section Image

  • E

    Buyer's Agent in 2017

    Everett Decker

    John L Scott Bend-Redmond

See All Agents

Map

Source: Oregon Datashare

MLS Number: 201706844

Oregon Datashare

APN: 111312-BB-09600

Oregon Jefferson County Madras 97741

227 SE 6th St, Madras, OR

Not Listed for Sale

MultiFamily

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