NOT LISTED FOR SALE

2418 Cedar Cir Forest Grove, OR 97116

Estimated Value: $675,000 - $740,000

6 Beds
4 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold May 13, 2024

Last sale price $650,000

Est. 8% increase in value since last sale

Current estimated payment $4,210/month

54 Days on Market

Highlights

  • Waterfront
  • Cul-De-Sac
  • Lap Siding
  • Corner Lot
  • Baseboard Heating

About This Home

As of May 2024

Best 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.

Last Agent to Sell the Property

Jesse Dill

Premiere Property Group, LLC License #200410127 Listed on: 01/19/2024

Premiere Property Group, LLC

Last Buyer's Agent

Guadalupe Duran

All Professionals Real Estate License #201246764

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,609

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1968
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage,None
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Brick,LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Cul_de_sac, Level
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront Features: Other

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Owner

Schools

  • Elementary School: Joseph Gale
  • High School: Forest Grove
  • Middle Or Junior School: Neil Armstrong

Lot Info

  • Zoning: RMH
  • Parcel #: R744485

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 5608.98

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.13
  • Annual Gross Income: 49500.0
  • Property Net Operating Income: 39391.0
  • Annual Operating Expense: 10109.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
Apr 18, 2024
Sold by
Fg3 Llc
Bought by
Camba Natalia Meza and Radillo Diego Armando
Seller's Agent
Jesse Dill
Premiere Property Group, LLC
Buyer's Agent
Guadalupe Duran
All Professionals Real Estate
List Price
$695,000
Sold Price
$650,000
Premium/Discount to List
-$45,000
-6.47%
Views
88
Current Estimated Value
$702,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,544
Avg. Annual Appreciation
1.42%
Original Mortgage
$617,500
Outstanding Balance
$611,530
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$51,309

Purchase Details

Closed on
Apr 25, 2020
Sold by
Schmitz Steve and Schmitz Jo Ann
Bought by
Fg3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2020
Sold by
Fg3 Llc
Bought by
Schmitz Steve and Schmitz Jo Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2019
Sold by
Church Street Holdings Llc
Bought by
Fg3 Llc

Purchase Details

Closed on
Dec 20, 2018
Sold by
Friberg Jane and Lingenfelter Kevin
Bought by
Church Street Holdings Llc

Purchase Details

Closed on
Jul 6, 2018
Sold by
Mcqueen Janet L
Bought by
Lingenfeler Kevin and Friberg Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 2, 2009
Sold by
Wilson Barbara
Bought by
Wilson Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
2.43%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Mar 6, 2003
Sold by
Wilson John R
Bought by
Wilson Barbara

Purchase Details

Closed on
Feb 4, 2003
Sold by
Wilson John R
Bought by
Wilson John R
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
Camba Natalia Meza $650,000 Wfg Title
Fg3 Llc -- None Available
Schmitz Steve -- Wfg Title
Fg3 Llc $532,000 Old Republic Title Co Of Or
Church Street Holdings Llc -- None Available
Lingenfeler Kevin $390,000 Old Republic Title
Wilson Barbara -- Pacific Nw Title
Wilson Barbara -- --
Wilson John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camba Natalia Meza $617,500
Previous Owner Schmitz Steve $214,000
Previous Owner Lingenfeler Kevin $292,500
Previous Owner Wilson Barbara $442,500
Source: Public Records

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 -- --
Source: Regional Multiple Listing Service (RMLS)

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 $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
Source: Public Records

Agents Affiliated with this Home

  • Jesse Dill

    Seller's Agent in 2024

    Jesse Dill

    Premiere Property Group, LLC

    (503) 969-3236

    184 Total Sales

    Jesse Dill
    Section Image

  • G

    Buyer's Agent in 2024

    Guadalupe Duran

    All Professionals Real Estate

    (971) 294-6673

    29 Total Sales

    Guadalupe Duran
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24581375

Regional Multiple Listing Service (RMLS)

APN: R0744485

Oregon Washington County Forest Grove 97116

2418 Cedar Cir, Forest Grove, OR

This home is located at 2418 Cedar Cir, Forest Grove, OR 97116 since 19 January 2024 and is currently estimated at $702,544. This property was built in 1968. 2418 Cedar Cir is a home located in Washington County with nearby schools including Joseph Gale Elementary School, Tom McCall Upper Elementary School, and Neil Armstrong Middle School.

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.

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