Seller's Agent in 2022
Corey Graves
Keller Williams Realty Central Oregon
(541) 460-0925
40 in this area
117 Total Sales
286 SW C St Madras, OR 97741
Estimated Value: $363,000 - $642,528
8
Beds
4
Baths
3,696
Sq Ft
$139/Sq Ft
Est. Value
Highlights
- 0.44 Acre Lot
- Territorial View
- Cooling System Mounted To A Wall/Window
- Contemporary Architecture
- No HOA
- Bathtub with Shower
About This Home
As of July 2022Turnkey four Plex 100% leased, plus development potential!! Don't miss out on this investment opportunity with great income already in place and the potential to develop up to six more units, an investors dream property. Many recent updates including paint, laundry room on site coin-op, roof, appliances... All four units have two bed one bath excellent condition and well-maintained. Two units have private fenced yards. Three storage sheds on site. Long-term tenants, room for rent increases. Please do not disturb tenants, no interior showings before a mutually accepted offer. Call listing agent for more information.
Last Agent to Sell the Property
Keller Williams Realty Central Oregon License #201207694 Listed on: 05/20/2022
Last Buyer's Agent
Keller Williams Realty Central Oregon License #201207694 Listed on: 05/20/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,224
Year Built
- Built in 1979
Lot Details
- 0.44 Acre Lot
- Two or More Common Walls
- Landscaped
- Level Lot
Property Views
- Territorial
- Neighborhood
Home Design
- Quadruplex
- Contemporary Architecture
- Stem Wall Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- Bathtub with Shower
- 2-Story Property
- Vinyl Clad Windows
Kitchen
- Oven
- Range
Flooring
- Carpet
- Vinyl
Home Security
- Security System Owned
- Carbon Monoxide Detectors
Parking
- Gravel Driveway
- Parking Lot
Outdoor Features
- Shed
- Storage Shed
Location
- In Flood Plain
Schools
- Madras Elementary School
- Jefferson County Middle School
- Madras High School
Utilities
- Cooling System Mounted To A Wall/Window
- Zoned Heating
Listing and Financial Details
- Exclusions: Tenants personal property
- Assessor Parcel Number 9479
Community Details
Overview
- No Home Owners Association
- 4 Units
- Palmain Subdivision
Recreation
- Trails
Building Details
- Gross Income $47,490
- Net Operating Income $38,094
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 20, 2022
Closed on
Jul 25, 2022
Sold by
Frost Alexander S
Bought by
Boyd Cory E and Boyd Abigail Beth
Seller's Agent
Corey Graves
Keller Williams Realty Central Oregon
Buyer's Agent
Corey Graves
Keller Williams Realty Central Oregon
List Price
$799,000
Sold Price
$645,000
Premium/Discount to List
-$154,000
-19.27%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$78,656
Avg. Annual Appreciation
-7.31%
Original Mortgage
$516,000
Outstanding Balance
$497,515
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$15,367
Purchase Details
Closed on
Jun 1, 2021
Sold by
Frost Alex
Bought by
Frost Alexander S and Messmer Kyle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 27, 2021
Closed on
Mar 1, 2021
Sold by
Walton Victor O and Walton Diane K
Bought by
Frost Alex
Seller's Agent
Danny Zook
Central Oregon Real Estate Pro
Buyer's Agent
Bryan Messmer
Cascade Hasson SIR
List Price
$400,000
Sold Price
$396,000
Premium/Discount to List
-$4,000
-1%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Boyd Cory E | $645,000 | None Listed On Document | |
| Frost Alexander S | -- | First American Title | |
| Frost Alex | $396,000 | Western Title & Escrow |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Boyd Cory E | $516,000 | |
| Previous Owner | Frost Alexander S | $378,000 | |
| Previous Owner | Frost Alexander S | $378,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2022 07/28/22 | Sold | $645,000 | -12.7% | $175 / Sq Ft |
| 06/21/2022 06/21/22 | Pending | -- | -- | -- |
| 06/06/2022 06/06/22 | Price Changed | $739,000 | -7.5% | $200 / Sq Ft |
| 05/20/2022 05/20/22 | For Sale | $799,000 | +101.8% | $216 / Sq Ft |
| 03/01/2021 03/01/21 | Sold | $396,000 | -1.0% | $107 / Sq Ft |
| 02/02/2021 02/02/21 | Pending | -- | -- | -- |
| 01/27/2021 01/27/21 | For Sale | $400,000 | -- | $108 / Sq Ft |
Source: Oregon Datashare
Tax History Compared to Growth
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 | $3,224 | $155,040 | -- | -- |
| 2023 | $3,020 | $150,530 | $0 | $0 |
| 2022 | $2,976 | $146,150 | $0 | $0 |
| 2021 | $2,849 | $141,900 | $0 | $0 |
| 2020 | $2,790 | $137,770 | $0 | $0 |
| 2019 | $2,691 | $133,760 | $0 | $0 |
| 2018 | $2,606 | $129,870 | $0 | $0 |
| 2017 | $2,510 | $126,090 | $0 | $0 |
| 2016 | $2,427 | $122,420 | $0 | $0 |
| 2015 | $2,321 | $118,860 | $0 | $0 |
| 2014 | $2,321 | $115,400 | $0 | $0 |
| 2013 | -- | $112,040 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
D
Seller's Agent in 2021
Danny Zook
Central Oregon Real Estate Pro
(541) 546-6382
4 in this area
28 Total Sales
-
B
Buyer's Agent in 2021
Bryan Messmer
Cascade Hasson SIR
Map
Source: Oregon Datashare
MLS Number: 220146025
APN: 111311-AB-00105
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