NOT LISTED FOR SALE

338 Caves Hwy Cave Junction, OR 97523

Estimated Value: $269,000 - $279,845

2 Beds
3 Baths
3,556 Sq Ft
$77/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $275,000 $77 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,656/month

188 Days on Market

Highlights

  • No HOA
  • Heating System Uses Oil
  • 2-minute walk to National Park Service
  • 1-Story Property

About This Home

As of October 2020

Wow, 3 for price of 1!! (3 separate units) or investment property, sitting on .38 acre zoned commercial!! The units are always occupied. There are 2 sep. res. - 2 frame and 1 mobile. The entire pic. in primary position is the largest unit. There are two others behind that one. A brand new metal roof over #1 & #2, New ext. paint & window trim. New int. paint #2. #3, newer carpet & vinyl. These are well established rentals, with good income. However, you could live in one, enjoy the other as additional income, or place a business on the property, along with the rentals. Located in the heart of Cave Junction, only 1 mile to most all schools, grocery stores, library, restaurants & More. Not many multi family set ups like this available, and all on Commercial prop. Contact Broker for more information. Also, owner may carry to creditworthy buyer, inquire with broker. See if this property sparks an interest for you....

Last Agent to Sell the Property

Annita Legaux

Junction Realty License #811200016 Listed on: 03/26/2020

Last Buyer's Agent

Tonya Box

Illinois Valley Real Estate License #971000066

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,017

Year Built

  • Built in 1935

Lot Details

  • 0.38

Home Design

  • Slab Foundation
  • Frame Construction
  • Metal Roof
  • Concrete Perimeter Foundation

Schools

  • Evergreen Elementary School
  • Lorna Byrne Middle School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane

Additional Features

  • 1-Story Property
  • 0.38 Acre Lot

Listing and Financial Details

  • Exclusions: tenants belongings , washer & dryer
  • Assessor Parcel Number R330079

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $33,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,017

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Directions: Continue thru Cave Jct, to Hwy 46, (last traffic light in CJ), left onto 46, continue approx. 1/8 mile to property on left side. 2nd drive from S. Junction Ave. on left. Must have appt.
  • Unit Levels: One
  • Lot Size Acres: 0.38
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Multi Family
  • Subdivision Name: N/A
  • Year Built: 1935
  • Total Gross Income: 33240.0
  • Co List Office Phone: 541-592-3858
  • Outside Inclusions: 3 ranges,3refrig, oil heaters 2 F/S elec
  • MLS Status: Closed
  • General Property Information Elementary School: Evergreen Elem
  • General Property Information Middle Or Junior School: Lorna Byrne Middle
  • General Property Information:Zoning2: C
  • General Property Information Audio Surveillance on Premises YN: No
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information New Construction YN: No
  • Levels:One: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Foundation Details Slab: Yes
  • Special Features: None

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Metal
  • Exclusions: tenants belongings , washer & dryer
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Frame: Yes

Utilities

  • Cooling: None
  • Heating: Electric, Oil, Propane, Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric2: Yes
  • Heating:Propane2: Yes
  • Heating:Oil: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Evergreen Elem
  • Middle Or Junior School: Lorna Byrne Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 16552.8
  • Parcel #: R330079
  • ResoLotSizeUnits: Acres
  • Zoning Description: C
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1017.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2020
Closed on
Oct 28, 2020
Sold by
Holm Geraldine M
Bought by
Kepple Raymond H and Kepple Trenton C
Seller's Agent
Annita Legaux
Junction Realty
Buyer's Agent
Tonya Box
Illinois Valley Real Estate
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$271,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,622
Avg. Annual Appreciation
-0.19%
Original Mortgage
$235,000
Outstanding Balance
$175,722
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$96,785
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kepple Raymond H $275,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kepple Raymond H $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $275,000 0.0% $77 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $275,000 -- $77 / 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 $2,126 $178,500 -- --
2023 $1,836 $173,310 $0 $0
2022 $1,883 $168,270 -- --
2021 $1,763 $163,360 $0 $0
2020 $1,048 $92,980 $0 $0
2019 $1,017 $90,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Annita Legaux

    Junction Realty

    (541) 660-5068

    38 in this area

    73 Total Sales

    Section Image
  • Tonya Box

    Buyer's Agent in 2020

    Tonya Box

    Illinois Valley Real Estate

    (541) 287-1771

    37 in this area

    90 Total Sales

    Section Image
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Map

Source: Oregon Datashare

MLS Number: 103011925

Oregon Datashare

APN: R330079

Oregon Josephine County Cave Junction 97523

338 Caves Hwy, Cave Junction, OR

This home is located at 338 Caves Hwy, Cave Junction, OR 97523 since 26 March 2020 and is currently estimated at $274,423, approximately $77 per square foot. This property was built in 1935. 338 Caves Hwy is a home located in Josephine County with nearby schools including Evergreen Elementary School, Lorna Byrne Middle School, and Illinois Valley 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.

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