$530,000
SOLD NOV 5, 2024

300 E Main St Sheridan, OR 97378

-- Bed
-- Bath
2,956 Sq Ft
0.34 Acres

Recently Sold

$179 Per Sq Ft

8% Below List Price

4 Days on Market

Highlights

  • River View
  • Baseboard Heating
  • 4-minute walk to Sheridan City Park
  • No HOA
  • Level Lot

About This Home

As of November 2024

4 PLEX Great rental opportunity! Fully occupied. 3 units have 2 bedrooms and 1 bath and space for stackable washer/dryer unit. Downstairs unit has 2 bedrooms, 1 bath, space for stackable washer/dryer unit and an extra room off living room, could be used as an office. Large kitchens with lots of storage and counterspace. Baseboard heat in bedrooms with gas heating stove in living room. Large backyard along the Yamhill River, that tenants use for gardening and outdoor enjoyment. Storage shed in backyard. Bus line stop conveniently located across Main St. Interior pictures are when one unit was vacant. All units are currently rented and tenants would like to stay. Do not disturb tenants or walk on property without appointment. Repairs and updates have been recently completed.

Last Agent to Sell the Property

Bobbi Bryan

Real Broker Brokerage Phone: 503-260-4026 License #201209183 Listed on: 09/27/2024

Real Broker

Last Buyer's Agent

La Tricia Bollier

John L. Scott Portland Central License #201008012

John L. Scott Portland Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,970

Year Built

  • Built in 1918 | Remodeled

Lot Details

  • 0.34 Acre Lot
  • River Front
  • Level Lot

Home Design

  • Block Foundation
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,956 Sq Ft Home
  • 2-Story Property
  • River Views
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Open Parking

Location

  • Flood Zone Lot

Schools

  • Faulconer-Chap Elementary And Middle School
  • Sheridan High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 219418

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $12,170
  • Gross Income $48,795
  • Net Operating Income $41,497

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,970

Year Built

Built in 1918 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1918
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Waterfront: Yes
  • Foundation Details: Block, ConcretePerimeter
  • View: Yes
  • Lot Features: FloodZone, Level
  • Road Surface Type: Paved
  • Waterfront Features: RiverFront
  • Roof: Composition
  • View: River

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Faulconer-Chap
  • High School: Sheridan
  • Middle Or Junior School: Faulconer-Chap

Lot Info

  • Zoning: R3
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810.0
  • Parcel #: 219418

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 2970.33

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.66
  • Annual Gross Income: 48795.0
  • Property Net Operating Income: 41497.0
  • Annual Operating Expense: 12170.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2024
Closed on
Oct 30, 2024
Sold by
Bryan Bruce A and Bryan Bobbi Jo
Bought by
Bollier Derrick and Bollier Krissy
Seller's Agent
Bobbi Bryan
Real Broker
Buyer's Agent
La Tricia Bollier
John L. Scott Portland Central
List Price
$579,000
Sold Price
$530,000
Premium/Discount to List
-$49,000
-8.46%
Views
2
Current Estimated Value
$536,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,347
Avg. Annual Appreciation
0.67%
Original Mortgage
$503,500
Outstanding Balance
$501,012
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$31,655

Purchase Details

Closed on
Nov 23, 2020
Sold by
Bryan Bruce A and Bryan Bobbi
Bought by
Bryan Bruce A and Bryan Bobbi Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2017
Closed on
Dec 26, 2017
Sold by
Lettin Robert and Lettin Nicholas
Bought by
Bryan Bruce A and Bryan Bobbi
Seller's Agent
Bryant Cahill
Premiere Property Group, LLC
Buyer's Agent
Bobbi Bryan
Real Broker
List Price
$349,900
Sold Price
$349,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$262,425
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2015
Sold by
Stanley Forest Wayne and Stanley Judy G
Bought by
Lettin Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 14, 2007
Sold by
Adkins Norman J and Adkins Tami Jo D
Bought by
Scott Kelli J

Purchase Details

Closed on
Aug 18, 2005
Sold by
Stanley Forest Wayne and Stanley Judy G
Bought by
Adkins Norman J and Adkins Tami Jo D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.56%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $530,000 First American Title
Interfamily Deed Transfer -- First American
Warranty Deed $349,900 First American Title
Warranty Deed $230,000 Western Title & Escrow
Warranty Deed $314,500 Ticor Title Insurance Co
Warranty Deed $275,000 Ticor Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $503,500 New Conventional
Previous Owner $264,000 New Conventional
Previous Owner $262,425 New Conventional
Previous Owner $200,000 Seller Take Back
Previous Owner $235,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2024 11/05/24 Sold $530,000 -8.5% $179 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $579,000 +65.5% $196 / Sq Ft
12/29/2017 12/29/17 Sold $349,900 0.0% $117 / Sq Ft
12/16/2017 12/16/17 Pending -- -- --
11/06/2017 11/06/17 For Sale $349,900 -- $117 / 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 $2,982 $238,558 -- --
2023 $2,970 $231,610 $0 $0
2022 $2,888 $224,864 $0 $0
2021 $3,221 $218,315 $0 $0
2020 $3,089 $211,956 $0 $0
2019 $2,988 $205,783 $0 $0
2018 $2,763 $192,094 $0 $0
2017 $2,481 $170,579 $0 $0
2016 $2,111 $145,125 $0 $0
2015 $1,723 $117,805 $0 $0
2014 -- $130,418 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24040799

Regional Multiple Listing Service (RMLS)

APN: 219418