NOT LISTED FOR SALE

Estimated Value: $655,890

Studio
-- Bath
45,186 Sq Ft
$15/Sq Ft Est. Value

Sale Details

Date Sold: December 4, 2019

Last sale price $475,000 $11 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,054 / mo

408 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Level Lot
  • Views
  • Handicap Accessible
  • Wood Siding

About This Home

As of December 2019

A unique opportunity to purchase this multi-use facility. Zoned R-3 Residential-High Density & Professional Offices. Could become an 8+ unit complex. Former Jewett Middle School. Offers 10 classrooms, office, library, two gymnasium's, cafeteria w/ walk-in freezer, two stage's, outdoor basketball court and more. ADA tunnel under the road for easy access from the parking lot to the first floor. View of Umpqua River. Shown by apt only.

Last Agent to Sell the Property

Becky Brosi-Shepherd

Central Coast Realty License #930900038 Listed on: 06/09/2018

Last Buyer's Agent

Liz Adamo

Mal & Seitz Real Estate License #201102019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Paved Parking
  • Open Parking

Home Design

  • Slab Foundation
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 2-Story Property
  • Storage
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Security Lights
  • Property Views

Additional Features

  • Handicap Accessible
  • Electric Water Heater

Community Details

  • 8 Units

Listing and Financial Details

  • Rent includes electricity, trash collection, heat, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

2.43 Acres

Parking

25

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 45186
  • Stories: 2
  • Year Built: 1957
  • Property Condition: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: GARDINER, BLOCK 16, LOT 12,36,7 & 8: BLKS 8 & 17: PT VACATED STRE
  • Basement: Finished, Full Basement
  • Storage: Attached

Exterior Features

  • Exterior Description: Block, Wood Siding
  • Lot Size: 3 to 4.99 Acres
  • Roof Type: Composition
  • View: River, Territorial
  • Foundation Details: Slab
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 25
  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity, Tank
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Hot Water
  • Security: Handicap Access, Security Lights

Condo/Co-op/Association

  • Common Amenities: Gym, Recreation Facilities, Athletic Court

Lot Info

  • Lot Description: Corner Lot, Level, Gentle Sloping
  • Zoning: R-3

Rental Info

  • Rent Includes: Electricity, Trash Collection, Heat, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 5165.45
  • Assessor Parcel Number: R64324
  • Assessor Parcel Number 2: R64317
  • Tax Year: 2018

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Highland
  • High School: Reedsport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2018
Closed on
Nov 26, 2019
Sold by
Old School Warehouse Llc
Bought by
Gardiner Of Eden Properties Llc
Seller's Agent
Becky Brosi-Shepherd
Central Coast Realty
Buyer's Agent
Liz Adamo
Mal & Seitz Real Estate
List Price
$595,000
Sold Price
$475,000
Premium/Discount to List
-$120,000
-20.17%
Current Estimated Value
$655,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,890
Avg. Annual Appreciation
5.21%
Original Mortgage
$400,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2015
Sold by
Weathers Daron and Weathers Alice
Bought by
Old School Warehouse Llc

Purchase Details

Closed on
May 15, 2014
Sold by
Siuslaw Bank
Bought by
Weather Daron and Weathers Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 4, 2012
Sold by
Wagner Marjorie Phyllis
Bought by
Siuslaw Bank

Purchase Details

Closed on
Apr 17, 2009
Sold by
Johnson William Michael and Johnson Wanda Lenice
Bought by
Wagner Marjorie Phyllis and Marjorie Phyllis Wagner 2008 Trust

Purchase Details

Closed on
Aug 19, 2008
Sold by
Wagner Marjorie P
Bought by
Wagner Marjorie Phyllis and Marjorie Phyllis Wagner 2008 Trust

Purchase Details

Closed on
Oct 27, 2006
Sold by
Wagner Marjorie P
Bought by
Dawson Jane L and Dawson Dale H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2006
Sold by
Gardiner Grade School District #9
Bought by
Johnson William Michael and Wagner Marjorie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
6.53%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gardiner Of Eden Properties Llc $475,000 First American Title
Old School Warehouse Llc -- None Available
Weather Daron $280,000 First American Title
Siuslaw Bank -- None Available
Wagner Marjorie Phyllis -- None Available
Wagner Marjorie Phyllis -- None Available
Dawson Jane L $260,000 First American Title Ins Co
Johnson William Michael $725,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gardiner Of Eden Properties Llc $400,000
Previous Owner Weather Daron $180,000
Previous Owner Johnson William Michael $470,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2019 12/04/19 Sold $475,000 0.0% $11 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
05/06/2019 05/06/19 Price Changed $475,000 -20.2% $11 / Sq Ft
06/09/2018 06/09/18 For Sale $595,000 -- $13 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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
2025 $6,619 $423,231 $127,516 $295,715
2024 $6,484 $414,290 $124,822 $289,468
2023 $7,194 $458,997 $138,292 $320,705
2022 $6,678 $426,212 $0 $0
2021 $4,687 $298,050 $0 $0
2020 $4,717 $298,050 $0 $0
2019 $4,674 $298,050 $0 $0
2018 $5,165 $324,875 $0 $0
2017 $4,600 $298,050 $0 $0
2016 $4,607 $298,050 $0 $0
2015 $4,651 $298,050 $0 $0
2014 $6,195 $400,000 $0 $0
2013 -- $473,502 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18463478

Regional Multiple Listing Service (RMLS)

APN: R64324

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