NOT LISTED FOR SALE

2711 NE Melody Way McMinnville, OR 97128

Estimated Value: $492,000 - $544,946

4 Beds
4 Baths
2,028 Sq Ft
$257/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $350,750 $173 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,216/month

8 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Parking Storage or Cabinetry
  • McMinnville High School Rated 9+

About This Home

As of December 2019

DND tenants. Don't miss out, well maintained, best opportunity to invest locally. 2 bed 1.1 baths per unit. Tenants wish to remain, same tenants several years & pay all utilities. Close to the busline, shopping, eating & relaxing. Don't miss out. More photos to come...Net & Actual Income info will follow

Last Agent to Sell the Property

Deirdre Errand

MORE Realty License #900500084 Listed on: 11/08/2019

MORE Realty

Last Buyer's Agent

Tonya House

Baker Street Real Estate, LLC License #840700075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,644

Year Built

  • Built in 1999

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Cement Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Range
  • Dishwasher
  • Disposal

Parking

  • Garage
  • Parking Storage or Cabinetry
  • RV Access or Parking

Utilities

  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,644

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2028
  • Stories: 2
  • Year Built: 1999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TOWNSHIP 4S RANGE 4W SECTION 16 QTR A QQTR A TAXLOT 03500 LOT 6 S
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Cement Siding
  • Lot Size: 7,000 to 9,999 SqFt

Garage/Parking

  • Parking Description: RV Access/Parking

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Refrigerator

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: multi

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 4662.84
  • Assessor Parcel Number: 501022
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.64

MLS Schools

  • Elementary School: Grandhaven
  • High School: McMinnville
  • Middle School: Patton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2019
Closed on
Dec 5, 2019
Sold by
Stevens Stephen S and Stevens Catherine J
Bought by
Wilson Wil L and Wilson Barbara I
Seller's Agent
Deirdre Errand
MORE Realty
Buyer's Agent
Tonya House
Baker Street Real Estate, LLC
List Price
$368,950
Sold Price
$350,750
Premium/Discount to List
-$18,200
-4.93%
Current Estimated Value
$521,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,237
Avg. Annual Appreciation
6.98%

Purchase Details

Closed on
Jul 1, 2008
Sold by
Stevens Stephen S and Stevens Catherine J
Bought by
Stevens Stephen S and Stevens Catherine J

Purchase Details

Closed on
Mar 8, 2004
Sold by
Cascade Pacific Construction Inc
Bought by
Stevens Stephen S and Stevens Catherine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
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
Wilson Wil L $350,750 First American Title
Stevens Stephen S -- None Available
Stevens Stephen S $163,200 Northwest Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stevens Stephen S $163,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2019 12/06/19 Sold $350,750 -4.9% $173 / Sq Ft
11/16/2019 11/16/19 Pending -- -- --
11/08/2019 11/08/19 For Sale $368,950 -- $182 / 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 $5,644 $324,735 -- --
2023 $5,329 $315,277 $0 $0
2022 $5,048 $306,094 $0 $0
2021 $4,929 $297,179 $0 $0
2020 $4,890 $288,523 $0 $0
2019 $4,757 $280,119 $0 $0
2018 $4,663 $271,960 $0 $0
2017 $4,500 $264,039 $0 $0
2016 $4,339 $256,349 $0 $0
2015 $4,234 $248,884 $0 $0
2014 $4,005 $241,637 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19335542

Regional Multiple Listing Service (RMLS)

APN: 501022