NOT LISTED FOR SALE

Estimated Value: $394,000 - $452,000

4 Beds
4 Baths
2,235 Sq Ft
$189/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $1,560,000 $698 Per Sq Ft

Current estimated payment $2,576/month

5 Days on Market

Highlights

  • No HOA
  • Heating unit installed on the ceiling
  • Wood Siding

About This Home

As of April 2024

This is a portfolio sale for 8 duplexes in the same neighborhood. Addresses include:226 S 40th Pl/4016 Oregon;272/274 S 41st; 4061/4063 Southway Loop, 4069/4071 Southway Loop;4072/4074 Southway Loop; 4075/4077 Southway Loop; 4084/4086 Southway Loop; 4095/4097 Southway Loop.Each property has 2 bedrooms and 1.5 baths with single car garage. Most are updated recently with LVP and newer kitchen appliances. Rents range from $1450 - $1500 per unit. APOD and P/L avail through your real estate agent.

Last Agent to Sell the Property

Brent Cole

Triple Oaks Realty LLC Brokerage Phone: 541-556-5093 License #200607178 Listed on: 03/12/2024

Last Buyer's Agent

Tim Duncan

Tim Duncan Real Estate License #201208654

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,400

Year Built

  • Built in 1974

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,235 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Agnes Stewart Middle School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1098951

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $57,465
  • Gross Income $268,071
  • Net Operating Income $210,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,400

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1974
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Agnes Stewart

Lot Info

  • Zoning: MD
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276.0
  • Parcel #: 1098951

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 29400.0
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.66
  • Annual Gross Income: 268071.0
  • Property Net Operating Income: 210606.0
  • Annual Operating Expense: 57465.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
Apr 10, 2024
Sold by
Arnold Duplex 27 Llc
Bought by
Robinson Matthew
Seller's Agent
Brent Cole
Triple Oaks Realty LLC
Buyer's Agent
Tim Duncan
Tim Duncan Real Estate
List Price
$3,125,000
Sold Price
$1,560,000
Premium/Discount to List
-$1,565,000
-50.08%
Views
23
Current Estimated Value
$423,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,136,597
Avg. Annual Appreciation
-58.08%
Original Mortgage
$292,500
Outstanding Balance
$288,179
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$135,224

Purchase Details

Closed on
Feb 23, 2004
Sold by
Southway Loop Llc
Bought by
Arnold Duplex 27 Llc

Purchase Details

Closed on
May 7, 2003
Sold by
Arnold Steven J
Bought by
Southway Loop Llc

Purchase Details

Closed on
Aug 20, 2001
Sold by
Arnold Steven J and Arnold Sharon E
Bought by
Arnold Duplex 272 274 Llc
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Robinson Matthew $390,000 Cascade Title
Kapz Properties Llc -- Cascade Title
Arnold Duplex 27 Llc -- --
Southway Loop Llc -- --
Arnold Duplex 272 274 Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Matthew $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2024 04/12/24 Sold $1,560,000 -50.1% $698 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $3,125,000 -- $1,398 / 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 $3,974 $213,848 -- --
2023 $3,974 $207,620 $0 $0
2022 $3,680 $201,573 $0 $0
2021 $3,614 $195,702 $0 $0
2020 $3,509 $190,002 $0 $0
2019 $3,403 $184,468 $0 $0
2018 $3,208 $173,880 $0 $0
2017 $3,085 $173,880 $0 $0
2016 $3,020 $168,816 $0 $0
2015 $2,905 $163,899 $0 $0
2014 $2,841 $159,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24044349

Regional Multiple Listing Service (RMLS)

APN: 1098951