Seller's Agent in 2023
Jason Masters
RE/MAX
(541) 761-3900
3 in this area
88 Total Sales
3007 SW University Rd Grants Pass, OR 97527
Redwood NeighborhoodEstimated Value: $460,434 - $508,000
4
Beds
2
Baths
2,256
Sq Ft
$215/Sq Ft
Est. Value
Highlights
- Clubhouse
- Attached Garage
- Accessible Bedroom
- Traditional Architecture
- Surveillance System
- Accessible Entrance
About This Home
As of October 2023Exemplary investment opportunity in a beautiful, well-kept duplex in Horizon Village! All units are wheelchair accessible, check out horizonvillage.com for community info. A wonderful and friendly place to retire!
Ring Doorbells on both units. 4K Security cameras are installed outside. New carpets, paint, fixtures, blinds. New AC/Heat system, refrigerators and washing machine. Low Energy bills. New sink and faucet fixtures in Kitchen and Bath. Duplex is like new.
HOA fee covers water, drip irrigation, landscape maintenance, lawn care, community room, dog park, community gazebo and social fund. New 6' Vinyl fencing for privacy. 30 Yr. Roof has been maintained annually. Gross income is $33,240 with $25,680 net after HOA, Insurance, Taxes, City Sewer. The cap rate on the net is 5.4% and 6.9% on Gross income. Vacancy rate is almost nonexistent in Horizon Village with an ongoing waiting list. The new price adjustment recognizes desired cap rates. SELLER MOTIVATED
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,854
Year Built
- Built in 2006
Lot Details
- 6,534 Sq Ft Lot
- 1 Common Wall
HOA Fees
- $350 Monthly HOA Fees
Parking
- Attached Garage
Home Design
- Duplex
- Traditional Architecture
- Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1-Story Property
- Gas Fireplace
- Carpet
Kitchen
- Oven
- Cooktop
- Dishwasher
Laundry
- Dryer
- Washer
Home Security
- Surveillance System
- Carbon Monoxide Detectors
Accessible Home Design
- Accessible Bedroom
- Accessible Entrance
Utilities
- Central Air
- Heating System Uses Natural Gas
- Water Heater
Listing and Financial Details
- Assessor Parcel Number R342198
Community Details
Overview
- 2 Units
- On-Site Maintenance
- Maintained Community
- The community has rules related to covenants, conditions, and restrictions, covenants
Amenities
- Clubhouse
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2023
Closed on
Oct 17, 2023
Sold by
James And Elenora Akin Trust
Bought by
Pacific Rental Properties Llc
Seller's Agent
Jason Masters
RE/MAX Integrity Grants Pass
Buyer's Agent
Jim North
John L. Scott Medford
List Price
$550,000
Sold Price
$411,500
Premium/Discount to List
-$138,500
-25.18%
Total Days on Market
30
Views
32
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
$72,717
Avg. Annual Appreciation
11.22%
Purchase Details
Closed on
Mar 17, 2021
Sold by
Akin Elenora G
Bought by
Akin Elenora G and James And Elenora Akin Trust
Purchase Details
Closed on
Feb 3, 2017
Sold by
Akin James R and Akin Elenora G
Bought by
Akin Elenora G
Purchase Details
Closed on
Mar 7, 2016
Sold by
Horizon Village Community Llc
Bought by
The James & Elenora Akin Trust and Akin Elenora G
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 |
|---|---|---|---|
| Pacific Rental Properties Llc | $411,500 | Ticor Title | |
| James And Elenora Akin Trust | -- | Ticor Title | |
| Akin Elenora G | -- | None Available | |
| Akin Elenora G | -- | None Available | |
| The James & Elenora Akin Trust | $285,000 | First American |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2023 10/20/23 | Sold | $411,500 | -14.1% | $182 / Sq Ft |
| 09/28/2023 09/28/23 | Pending | -- | -- | -- |
| 09/14/2023 09/14/23 | Price Changed | $479,000 | -4.0% | $212 / Sq Ft |
| 09/06/2023 09/06/23 | Price Changed | $499,000 | -9.3% | $221 / Sq Ft |
| 08/29/2023 08/29/23 | For Sale | $550,000 | -- | $244 / Sq Ft |
Source: Southern Oregon MLS
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 | $2,213 | $266,560 | -- | -- |
| 2023 | $1,837 | $258,800 | $0 | $0 |
| 2022 | $1,854 | $251,270 | -- | -- |
| 2021 | $1,739 | $243,960 | $0 | $0 |
| 2020 | $1,627 | $236,860 | $0 | $0 |
| 2019 | $1,580 | $229,970 | $0 | $0 |
| 2018 | $1,581 | $223,280 | $0 | $0 |
| 2017 | $1,567 | $216,780 | $0 | $0 |
| 2016 | $1,326 | $210,470 | $0 | $0 |
| 2015 | $1,277 | $204,340 | $0 | $0 |
| 2014 | $1,242 | $198,390 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Masters
-
Jim North
Buyer's Agent in 2023
Jim North
John L. Scott Medford
(541) 488-1311
1 in this area
180 Total Sales
-
Douglas Morse
Buyer Co-Listing Agent in 2023
Douglas Morse
John L. Scott Medford
(541) 944-6000
1 in this area
517 Total Sales
Map
Source: Southern Oregon MLS
MLS Number: 220170433
APN: R342198
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