NOT LISTED FOR SALE

3011 7 Mile Ln SE Albany, OR 97322

South Albany Neighborhood

Estimated Value: $682,915 - $790,000

3 Beds
2 Baths
1,561 Sq Ft
$472/Sq Ft Est. Value

Last Sold January 27, 2021

Last sale price $551,000 $353 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,280/month

3 Days on Market

Highlights

  • RV Garage
  • Living Room with Fireplace
  • Fenced Yard
  • 2.61 Acre Lot
  • Home Office
  • 1 Car Detached Garage

About This Home

As of January 2021

Wonderful property in Albany on over 2.5 acres close to the lake! Large 4 bay, 30x60 shop for all your hobbies and projects. Just outside of town but still plenty close. Fully fenced front and back yard! New vinyl in kitchen/dining room. Fresh gravel outside of shop.

Last Agent to Sell the Property

KOLTON KUHNS

PREMIERE PROPERTY GROUP, LLC ALBANY License #201229737 Listed on: 12/05/2020

PREMIERE PROPERTY GROUP, LLC ALBANY

Last Buyer's Agent

Laura Gillott

KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM License #920300248

KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,382

Year Built

  • Built in 1972

Lot Details

  • 2.61 Acre Lot
  • Fenced Yard
  • Sprinkler System
  • Property is zoned UGA

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,561 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Home Office

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • RV Garage

Outdoor Features

  • Patio
  • Shop

Utilities

  • Radiant Ceiling
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Exclusions: Racks and items in shop

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,382

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Home Warranty: Negotiable
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Wonderful property in Albany on over 2.5 acres close to the lake! Large 4 bay, 30x60 shop for all your hobbies and projects. Just outside of town but still plenty close. Fully fenced front and back yard! New vinyl in kitchen/dining room. Fresh gravel outside of shop.
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: Racks and items in shop
  • Fireplace: Living Room
  • Negotiable Inclusions: All appliances
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Bonus Rooms: Office
  • Price Per Sq Ft: 352.98
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 317.1

Exterior Features

  • Patio: Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Out Buildings: Separate Shop
  • Roof: Composition
  • Siding Style: Lap

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Heating/Cooling: Electric, Radiant Ceiling
  • Septic: Standard
  • Water: Well
  • Water Heater: Electric

Lot Info

  • Acres: 2.61
  • Estimated Lot Sq Ft: 113692
  • Price Per Acre: 189655.17
  • Rv Amenities: Area/Room For, Rv Garage
  • Underground Sprinklers: Yes
  • Zoning: UGA
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 2
  • Assessor Parcel Number: 359055
  • Tax Years: 2020
  • Tax Account Number: 359055
  • Tax Amount: 1382

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2020
Closed on
Dec 22, 2020
Sold by
Mennonite Home Of Albany Inc
Bought by
Raschein Ty B and Raschein Sarah
Seller's Agent
KOLTON KUHNS
PREMIERE PROPERTY GROUP, LLC ALBANY
Buyer's Agent
Laura Gillott
KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
List Price
$495,000
Sold Price
$551,000
Premium/Discount to List
$56,000
11.31%
Current Estimated Value
$736,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,458
Avg. Annual Appreciation
6.40%
Original Mortgage
$432,000
Outstanding Balance
$384,402
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$352,056

Purchase Details

Closed on
Jun 9, 2010
Sold by
Litwiller Ronald James
Bought by
Mennonite Home Of Albany Inc

Purchase Details

Closed on
Jun 7, 2010
Sold by
U S Bank National Association
Bought by
Litwiller Ronald James

Purchase Details

Closed on
Mar 24, 2010
Sold by
Finch Larry D and Finch Starla D
Bought by
U S Bank National Association

Purchase Details

Closed on
Jun 15, 2006
Sold by
Finch Starla Dawn
Bought by
Finch Larry Duane
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
Raschein Ty B $551,000 Fidelity Natl Ttl Co Of Or
Mennonite Home Of Albany Inc $199,000 First American Title
Litwiller Ronald James $199,000 First American Title
U S Bank National Association $169,080 First American Title
Finch Larry Duane -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raschein Ty B $432,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2021 01/27/21 Sold $551,000 +11.3% $353 / Sq Ft
12/05/2020 12/05/20 For Sale $495,000 -- $317 / Sq Ft
Source: Willamette Valley MLS

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 $4,499 $315,660 -- --
2023 $4,371 $306,470 $0 $0
2022 $4,325 $297,550 $0 $0
2021 $4,019 $288,890 $0 $0
2020 $1,382 $100,050 $0 $0
2019 $1,432 $102,830 $0 $0
2018 $1,233 $88,080 $0 $0
2017 $1,238 $88,470 $0 $0
2016 $1,061 $80,490 $0 $0
2015 $952 $71,060 $0 $0
2014 $3,408 $247,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • KOLTON KUHNS

    Seller's Agent in 2021

    KOLTON KUHNS

    PREMIERE PROPERTY GROUP, LLC ALBANY

    (541) 990-2589

    2 in this area

    25 Total Sales

    KOLTON KUHNS
    Section Image
  • Laura Gillott

    Buyer's Agent in 2021

    Laura Gillott

    KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM

    (541) 451-2211

    24 in this area

    1,791 Total Sales

    Laura Gillott
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 771553

Willamette Valley MLS

APN: 0359055

Oregon Linn County Albany 97322 South Albany

3011 7 Mile Ln SE, Albany, OR

This home is located at 3011 7 Mile Ln SE, Albany, OR 97322 since 05 December 2020 and is currently estimated at $736,458, approximately $471 per square foot. This property was built in 1972. 3011 7 Mile Ln SE is a home located in Linn County with nearby schools including Oak Elementary School, Calapooia Middle School, and South Albany High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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