2418 Cedar Cir Forest Grove, OR 97116
Highlights
- Waterfront
- Cul-De-Sac
- Lap Siding
- Corner Lot
- Baseboard Heating
About This Home
As of May 2024Best Forest Grove duplex cap rate on the market, 6.06!!! Solid investment with this exceptional vintage-hip Mid Century duplex, presenting a rare investment opportunity. Zoned for a 4-plex, the existing garage areas offer the potential for two additional units, with one garage already converted into living space with its own bathroom. Very easy to make a Tri-plex and owner had an estimate for about $20,000 to make the 4th unit. HUGE UPSIDE, with seamless expansion without altering the foundation or roofline. A prime chance for investors to enhance cash flow, ideal for residing in one unit and leasing the other. Boasting parquet flooring and two fireplaces, this property is tailored for strategic investors seeking substantial returns. Excellent Forest Grove location, situated within a quiet confine of a cul-de-sac in a charming neighborhood and close to Pacific University.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,609
Year Built
- Built in 1968
Lot Details
- Waterfront
- Cul-De-Sac
- Corner Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Lap Siding
- Concrete Perimeter Foundation
Basement
- Crawl Space
Parking
- Paved Parking
- Assigned Parking
Schools
- Joseph Gale Elementary School
- Neil Armstrong Middle School
- Forest Grove High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Rent includes water
- Assessor Parcel Number R744485
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $10,109
- Gross Income $49,500
- Net Operating Income $39,391
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2024 05/13/24 | Sold | $650,000 | 0.0% | -- |
| 03/14/2024 03/14/24 | Pending | -- | -- | -- |
| 02/10/2024 02/10/24 | Price Changed | $650,000 | -6.5% | -- |
| 01/19/2024 01/19/24 | For Sale | $695,000 | -- | -- |
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 | $5,814 | $316,990 | -- | -- |
| 2024 | $5,609 | $307,760 | -- | -- |
| 2023 | $5,609 | $298,800 | $0 | $0 |
| 2022 | $4,904 | $298,800 | $0 | $0 |
| 2021 | $4,841 | $281,660 | $0 | $0 |
| 2020 | $4,815 | $273,460 | $0 | $0 |
| 2019 | $4,708 | $265,500 | $0 | $0 |
| 2018 | $4,563 | $257,770 | $0 | $0 |
| 2017 | $4,422 | $250,270 | $0 | $0 |
| 2016 | $4,298 | $242,990 | $0 | $0 |
| 2015 | $4,133 | $235,920 | $0 | $0 |
| 2014 | $4,113 | $229,050 | $0 | $0 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $617,500 | New Conventional | |
| Previous Owner | $214,000 | New Conventional | |
| Previous Owner | $20,000 | Unknown | |
| Previous Owner | $292,500 | New Conventional | |
| Previous Owner | $442,500 | Reverse Mortgage Home Equity Conversion Mortgage |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $650,000 | Wfg Title | |
| Bargain Sale Deed | -- | None Available | |
| Bargain Sale Deed | -- | Wfg Title | |
| Warranty Deed | $532,000 | Old Republic Title Co Of Or | |
| Bargain Sale Deed | -- | None Available | |
| Personal Reps Deed | $390,000 | Old Republic Title | |
| Interfamily Deed Transfer | -- | Pacific Nw Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24581375
APN: R0744485
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