NOT LISTED FOR SALE

24503 S Springwater Rd Estacada, OR 97023

Estimated Value: $605,728

-- Bed
-- Bath
2,000 Sq Ft
$303/Sq Ft Est. Value

Last Sold April 29, 2024

Last sale price $600,000 $300 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,460/month

340 Days on Market

Highlights

  • Territorial View
  • Level Lot
  • Wood Siding
  • Zoned Heating

About This Home

As of April 2024

Looking for an opportunity to own a piece of history? Look no further than the iconic Springwater Store! A staple of Estacada's history, this versatile property is ready and waiting for a new owner to create new experiences and treasured memories. With endless potential, this property is a blank canvas for your vision, ideas, and unique style. PLEASE NOTE: do not approach current tenants with inquiries. This historic property boasts two manufactured homes, a studio, a barn, an apartment, and more - all with fantastic long-term, MTM tenants who are eager to stay. Whether you're an investor or simply searching for an exceptional new property to call home, the Springwater Store is one to Check out!

Last Agent to Sell the Property

Molly LeBlanc

Keller Williams PDX Central License #200802165 Listed on: 05/24/2023

Keller Williams PDX Central

Co-Listed By

Tyler Rise

Keller Williams PDX Central License #201239034

Last Buyer's Agent

Debbe Crawford

eXp Realty, LLC License #201221265

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,842

Year Built

  • Built in 1934

Lot Details

  • Dirt Road
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Fixer Upper
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Territorial Views
  • Crawl Space

Schools

  • River Mill Elementary School
  • Estacada Middle School
  • Estacada High School

Utilities

  • No Cooling
  • Zoned Heating
  • Shared Well
  • Electric Water Heater
  • Shared Septic

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 01059151

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $10,368
  • Gross Income $54,600
  • Net Operating Income $44,232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,842

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1934
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: Other
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Dirt, Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: SharedSeptic
  • Water Source: SharedWell

Schools

  • Elementary School: Clackamas River
  • High School: Estacada
  • Middle Or Junior School: Estacada
  • Elementary School #2: River Mill

Lot Info

  • Zoning: EFU
  • Parcel #: 01059151
  • Assessor Parcel Number 2: 01154002
  • Assessor Parcel Number 3: 01330946

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 2841.52

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 10.97
  • Annual Gross Income: 54600.0
  • Property Net Operating Income: 44232.0
  • Annual Operating Expense: 10368.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2004
Sold by
Greenup Mark
Bought by
Carroll Rodney
Current Estimated Value
$605,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Outstanding Balance
$117,270
Interest Rate
5.82%
Mortgage Type
Commercial
Estimated Equity
$488,458

Purchase Details

Closed on
Oct 26, 2003
Sold by
Harness Bruce A and Harness Betty A
Bought by
Greenup Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.5%
Mortgage Type
Seller Take Back
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
Carroll Rodney $295,000 Pacific Nw Title
Greenup Mark $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carroll Rodney $236,000
Previous Owner Greenup Mark $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $600,000 +0.2% $300 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $599,000 -0.2% $300 / Sq Ft
09/30/2023 09/30/23 Off Market $600,000 -- --
05/24/2023 05/24/23 For Sale $699,000 -- $350 / Sq Ft
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
2024 $2,990 $232,075 -- --
2023 $2,990 $225,316 $0 $0
2022 $71 $5,446 $0 $0
2021 $2,765 $212,383 $0 $0
2020 $66 $5,134 $0 $0
2019 $2,620 $200,193 $0 $0
2018 $2,557 $194,362 $0 $0
2017 $2,435 $188,701 $0 $0
2016 $60 $4,562 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Molly LeBlanc

    Seller's Agent in 2024

    Molly LeBlanc

    Keller Williams PDX Central

    (503) 490-5229

    164 Total Sales

    Molly LeBlanc
    Section Image
  • Tyler Rise

    Seller Co-Listing Agent in 2024

    Tyler Rise

    Keller Williams PDX Central

    (503) 548-4848

    57 Total Sales

    Tyler Rise
    Section Image
  • Debbe Crawford

    Buyer's Agent in 2024

    Debbe Crawford

    eXp Realty, LLC

    (503) 888-3085

    221 Total Sales

    Debbe Crawford
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23060261

Regional Multiple Listing Service (RMLS)

APN: 01059151

Oregon Clackamas County Estacada 97023

24503 S Springwater Rd, Estacada, OR

This home is located at 24503 S Springwater Rd, Estacada, OR 97023 since 24 May 2023 and is currently estimated at $605,728, approximately $302 per square foot. This property was built in 1934. 24503 S Springwater Rd is a home located in Clackamas County with nearby schools including Clackamas River Elementary School, Estacada Middle School, and Estacada High 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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