NOT LISTED FOR SALE

227 SE 6th St Madras, OR 97741

Estimated Value: $270,020

Studio
3 Baths
2,756 Sq Ft
$98/Sq Ft Est. Value

Sale Details

Date Sold: November 13, 2017

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

Est. 55% increase in value since last sale

Current estimated payment $1,680 / mo

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2017
Closed on
Nov 7, 2017
Sold by
Bought by
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
$270,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,520
Avg. Annual Appreciation
5.02%

Purchase Details

Closed on
Jun 29, 2011
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$174,500 Western Title & Escrow
$200,000 Amerititle
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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