NOT LISTED FOR SALE

3039 SW University Rd Grants Pass, OR 97527

Redwood Neighborhood

Estimated Value: $496,368 - $511,000

2 Beds
4 Baths
2,430 Sq Ft
$207/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $489,800 $202 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,339/month

8 Days on Market

Highlights

  • Clubhouse
  • Engineered Wood Flooring
  • Skylights
  • Territorial View
  • Cottage
  • Attached Garage

About This Home

As of February 2024

Investment opportunity in beautiful 55+ Horizon Village. Currently one unit available for owner occupied or both units will be rented Feb 2024, bringing the income to $37,200. gross and $27,500. net. Each unit contains full kitchen, elevated front loading washer/dryer, gas fireplace, central air & heat, skylights & single-car attached garage. There are no steps & the units are accessible to wheelchairs with low-maintenance fiber cement siding. A wonderful place to invest where residents love the active retirement lifestyle close to hospital and shopping! Live in one unit while receiving income from the 2nd unit with $1600 per month from long term tenant. Newer flooring, window treatments, fixtures & granite counters in vacant unit. Tenants are scheduled to move in with 1-year lease at $1500 per/mo Feb 1, 2024. HOA fee covers water, landscape maintenance, lawn care, community room, dog park, community gazebo and social fund. $350 HOA fee covers both units.

Last Agent to Sell the Property

Sheri Wytcherley

Oregon Ranch and Home LLC License #200110032 Listed on: 12/30/2023

Last Buyer's Agent

Karla Jefferson

RE/MAX Integrity License #201221150

RE/MAX Integrity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,988

Year Built

  • Built in 2006

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Duplex
  • Cottage
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Territorial Views

Flooring

  • Engineered Wood
  • Carpet
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Garage Door Opener
  • Gravel Driveway
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Exclusions: Tenant personal property
  • Assessor Parcel Number R342196

Community Details

Overview

  • 2 Units
  • College Oaks Subdivision

Amenities

  • Clubhouse

Building Details

  • Gross Income $37,200
  • Net Operating Income $27,541

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,988

Year Built

Built in 2006

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Architectural Style: Cottage/Bungalow
  • Directions: From Grants Pass drive southwest on Redwood Highway. Turn left on Hubbard Lane then right onto University Road. Driveway is on the left, see address signs.
  • Unit Levels: One
  • Lot Size Acres: 0.14
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Subdivision Name: College Oaks Subdivision
  • Year Built: 2006
  • Total Gross Income: 37200.0
  • Co List Office Phone: 541-659-5574
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: R-3; Res High Density
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Flooring Laminate: Yes
  • Levels:One: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Water Source:Well: Yes
  • Utilities:Electricity Connected: Yes
  • Cooling:Central Air: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Flooring Simulated Wood: Yes
  • Special Features: None

Interior Features

  • Fireplace Features: Gas
  • Flooring: Carpet, Laminate, Simulated Wood
  • Window Features: Double Pane Windows, Skylight(s), Vinyl Frames
  • Fireplace: Yes
  • Fireplace Features:Gas: Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • View: Territorial
  • Exclusions: Tenant personal property
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Frame: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Skylight(s): Yes

Garage/Parking

  • Parking Features: Attached, Driveway, Garage Door Opener, Gravel, On Street
  • Attached Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:On Street: Yes

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Well
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Clubhouse
  • Association Fee: 350.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 350.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Clubhouse: Yes

Schools

  • Elementary School: Check with District
  • High School: Check with District
  • Middle Or Junior School: Check with District

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: R342196
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-3; Res High Density
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 27541.24
  • Annual Operating Expense: 9658.76

Tax Info

  • Tax Annual Amount: 1987.52
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2023
Closed on
Jan 8, 2024
Sold by
Marilyn A Selover Revocable Trust
Bought by
Wells Michael and Tomich Glow-Renee
Seller's Agent
Sheri Wytcherley
Oregon Ranch and Home LLC
Buyer's Agent
Karla Jefferson
RE/MAX Integrity
List Price
$489,500
Sold Price
$489,800
Premium/Discount to List
$300
0.06%
Views
20
Current Estimated Value
$503,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,884
Avg. Annual Appreciation
2.96%
Original Mortgage
$259,800
Outstanding Balance
$202,644
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$307,287

Purchase Details

Closed on
Jul 6, 2018
Sold by
Selover Marilyn
Bought by
Selover Marilyn A and Marilyn A Selover Revocable Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2016
Sold by
Horizon Village Community Llc
Bought by
Selover Marilyn A
Source: Public Records

Range of Values:

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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
Wells Michael $489,800 First American Title
Selover Marilyn A -- First American Title
Selover Marilyn -- First American Title
Selover Marilyn A $314,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Michael $259,800
Previous Owner Selover Marilyn $251,250
Previous Owner Horizon Village Community Llc $310,828
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $489,800 +0.1% $202 / Sq Ft
01/07/2024 01/07/24 Pending -- -- --
12/30/2023 12/30/23 For Sale $489,500 -- $201 / Sq Ft
Source: Oregon Datashare

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 $2,322 $280,160 -- --
2023 $1,928 $272,000 $0 $0
2022 $1,945 $264,080 -- --
2021 $1,825 $256,390 $0 $0
2020 $1,710 $248,930 $0 $0
2019 $1,661 $241,680 $0 $0
2018 $1,661 $234,650 $0 $0
2017 $1,647 $227,820 $0 $0
2016 $1,393 $221,190 $0 $0
2015 $1,342 $214,750 $0 $0
2014 $1,305 $208,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sheri Wytcherley

    Seller's Agent in 2024

    Sheri Wytcherley

    Oregon Ranch and Home LLC

    (541) 659-5574

    4 in this area

    53 Total Sales

    Sheri Wytcherley
    Section Image
  • Karla Jefferson

    Buyer's Agent in 2024

    Karla Jefferson

    RE/MAX

    (541) 941-3719

    1 in this area

    73 Total Sales

    Karla Jefferson
    Section Image
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Map

Source: Oregon Datashare

MLS Number: 220175258

Oregon Datashare

APN: R342196

Oregon Josephine County Grants Pass 97527 Redwood

3039 SW University Rd, Grants Pass, OR

This home is located at 3039 SW University Rd, Grants Pass, OR 97527 since 30 December 2023 and is currently estimated at $503,684, approximately $207 per square foot. This property was built in 2006. 3039 SW University Rd is a home located in Josephine County with nearby schools including Allen Dale Elementary School, South Middle School, and Grants Pass High School.

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