R
Seller's Agent in 2025
Robin Despain
Wallowa Mountain Properties
(541) 432-4060
65 Total Sales
306 NW 1st St Enterprise, OR 97828
1
Bed
2
Baths
1,180
Sq Ft
8,276
Sq Ft Lot
Highlights
- Second Garage
- City View
- Wood Burning Stove
- RV Access or Parking
- Deck
- Main Floor Primary Bedroom
About This Home
As of July 2025Charming Investment Property Zoned for Short-Term Rentals in Downtown EnterpriseLocation: Nestled just minutes from downtown Enterprise, this property is ideally zoned for short-term rentals, making it a prime opportunity for both tourists and business travelers. Whether you're looking for a vacation rental investment or a property with steady income potential, this location offers exceptional appeal.**Property Setup:** This versatile property features two separate units:- **1-bedroom, 1-bath** unit- **studio with a bath** Perfect for renting one unit and living in the other, or renting both units for maximum income potential. The flexible layout offers endless opportunities.**Income Potential:** With a proven rental history and current cap rate of over 8%, this property offers a reliable and solid return on investment. It's a great choice for those looking to add a profitable short-term rental to their portfolio or enter the rental business.**Extras:** - **Two-car garage** for added convenience - **Additional shed** for extra storage - Ample space for **boat and RV parking**, appealing to renters with recreational vehicles. These features not only enhance the property's usability but also add significant value for renters, increasing overall appeal.**Growth Potential:** The property has notable **growth potential**, with opportunities to increase revenue through strategic pricing or upgrades. The increasing demand for short-term rentals in this area makes it an ideal choice for capitalizing on future trends.**Don't miss out on this exceptional investment opportunity**—contact us today to schedule a showing!
Last Agent to Sell the Property
Wallowa Mountain Properties Brokerage Phone: 541-432-4060 License #201213401 Listed on: 03/22/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,794
Year Built
- Built in 2008
Lot Details
- 8,276 Sq Ft Lot
- Fenced
- Corner Lot
- Level Lot
- Private Yard
- Property is zoned C-1
Parking
- 1 Car Garage
- Second Garage
- Garage on Main Level
- Driveway
- RV Access or Parking
Property Views
- City
- Woods
- Mountain
Home Design
- Log Cabin
- Composition Roof
- Log Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,180 Sq Ft Home
- 1-Story Property
- Furnished
- Ceiling Fan
- Wood Burning Stove
- Propane Fireplace
- Vinyl Clad Windows
- Family Room
- Living Room
- Dining Room
- Laminate Flooring
- Crawl Space
- Security Lights
Kitchen
- Free-Standing Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- In-Law or Guest Suite
- 2 Full Bathrooms
Accessible Home Design
- Accessibility Features
Outdoor Features
- Deck
- Shed
- Porch
Schools
- Enterprise Elementary And Middle School
- Enterprise High School
Utilities
- Ductless Heating Or Cooling System
- Mini Split Air Conditioners
- Zoned Heating
- Heating System Uses Propane
- Mini Split Heat Pump
- Electric Water Heater
- High Speed Internet
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 681
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2025
Closed on
Jul 21, 2025
Sold by
Neely 4 Enterprise Llc
Bought by
Hubbard Frederick L and Hubbard Tami J
Seller's Agent
Robin Despain
Wallowa Mountain Properties
Buyer's Agent
Kate Crawford
Ruby Peak Realty, Inc.
List Price
$525,000
Sold Price
$432,000
Premium/Discount to List
-$93,000
-17.71%
Views
40
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
-$4,783
Avg. Annual Appreciation
-3.32%
Original Mortgage
$393,660
Outstanding Balance
$392,992
Interest Rate
6.84%
Mortgage Type
VA
Estimated Equity
$34,225
Purchase Details
Closed on
Aug 1, 2016
Sold by
Shirley David F and Shirley Janet C
Bought by
Shirley David F and Shirley Janet C
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $432,000 | Wallowa Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $393,660 | VA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/23/2025 07/23/25 | Sold | $432,000 | -17.7% | $366 / Sq Ft | |
| 06/06/2025 06/06/25 | Pending | -- | -- | -- | |
| 03/22/2025 03/22/25 | For Sale | $525,000 | +44.2% | $445 / Sq Ft | |
| 05/12/2022 05/12/22 | Sold | $364,000 | +1.4% | $308 / Sq Ft | View Prior Sale |
| 04/01/2022 04/01/22 | Pending | -- | -- | -- | |
| 03/28/2022 03/28/22 | For Sale | $359,000 | -- | $304 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
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 | $2,794 | $179,324 | $41,985 | $137,339 |
| 2023 | $2,716 | $174,101 | $41,111 | $132,990 |
| 2022 | $2,635 | $169,031 | $42,232 | $126,799 |
| 2021 | $2,566 | $164,108 | $41,263 | $122,845 |
| 2020 | $2,396 | $159,329 | $40,740 | $118,589 |
| 2019 | $2,330 | $154,689 | $44,342 | $110,347 |
| 2018 | $2,266 | $150,184 | $43,694 | $106,490 |
| 2017 | $2,203 | $145,810 | $43,582 | $102,228 |
| 2016 | $2,141 | $141,564 | $0 | $0 |
| 2015 | $2,082 | $137,441 | $41,029 | $96,412 |
| 2014 | $2,024 | $133,438 | $39,834 | $93,604 |
| 2013 | $1,967 | $129,552 | $38,405 | $91,147 |
Source: Public Records
Agents Affiliated with this Home
-
Robin Despain
-
Kate Crawford
Buyer's Agent in 2025
Kate Crawford
Ruby Peak Realty, Inc.
(541) 231-9714
56 Total Sales
-
Anette Christoffersen
Seller's Agent in 2022
Anette Christoffersen
Ruby Peak Realty, Inc.
(541) 398-1148
148 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 157984943
APN: 01S4435DC 4200
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.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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