NOT LISTED FOR SALE

341 NE 8th St Madras, OR 97741

Estimated Value: $308,000 - $331,000

4 Beds
2 Baths
1,700 Sq Ft
$187/Sq Ft Est. Value

Last Sold August 10, 2023

Last sale price $282,000 $166 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,873/month

18 Days on Market

Highlights

  • RV Access or Parking
  • Ranch Style House
  • Double Pane Windows
  • Territorial View
  • No HOA
  • Forced Air Heating System

About This Home

As of August 2023

This duplex presents an exceptional opportunity for investors, multigenerational families, or first-
time home buyers. It features two well-appointed units, each featuring two bedrooms, and is accompanied by a spacious lot. Nestled within Madras's sought-after upper northeast side, this home enjoys proximity to parks, schools, shopping, and convenient highway access. Recent upgrades include a new roof, new windows and HVAC system, and flooring. While the kitchen ovens, stoves, and hot water tanks are all under a decade old. Both lots offer plenty of space for RV parking. Seize the chance to secure this property today!

Last Agent to Sell the Property

Brandon Cook-Bostick

Cascade Hasson SIR License #201210327 Listed on: 06/22/2023

Last Buyer's Agent

Richard Allen

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,103

Year Built

  • Built in 1975

Lot Details

  • 0.32 Acre Lot
  • 1 Common Wall

Home Design

  • Duplex
  • Ranch Style House
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • Double Pane Windows
  • Territorial Views
  • Oven

Flooring

  • Carpet
  • Laminate

Parking

  • Driveway
  • RV Access or Parking

Schools

  • Buff Elementary School
  • Jefferson County Middle School
  • Madras High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Bone Addition Subdivision

Listing and Financial Details

  • Legal Lot and Block 15 & 16 / 4
  • Assessor Parcel Number 9092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,103

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Architectural Style: Ranch
  • Unit Levels: One
  • Lot Size Acres: 0.32
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Surface Type: Paved
  • Subdivision Name: Bone Addition
  • Year Built: 1975
  • Co List Office Phone: 541-383-7600
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Buff Elementary
  • General Property Information Middle Or Junior School: Jefferson County Middle
  • General Property Information High School: Madras High
  • General Property Information:Zoning2: R1
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 15 & 16
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 4
  • Architectural Style Ranch: Yes
  • Flooring Laminate: Yes
  • Levels:One: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Common Walls 1 Common Wall: Yes
  • Special Features: None

Interior Features

  • Appliances: Oven, Refrigerator, Water Heater
  • Flooring: Carpet, Laminate
  • Window Features: Double Pane Windows
  • Appliances:Oven: Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Roof: Composition
  • View: Territorial
  • Construction Materials:Frame: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

  • Parking Features: Driveway, RV Access/Parking
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Buff Elementary
  • High School: Madras High
  • Middle Or Junior School: Jefferson County Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 13939.2
  • Parcel #: 9092
  • ResoLotSizeUnits: Acres
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2103.16
  • Tax Block: 4
  • Tax Lot: 15 & 16
  • Tax Map Number: 111301CB02901
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2016
Closed on
Feb 24, 2017
Sold by
Rhoads Christopher L and Greenwald Rhoads Rachel
Bought by
Hummer Jacob M and Hummer Sarah
Seller's Agent
Rachel Greenwald-Rhoads
Bend Premier Real Estate LLC
Buyer's Agent
Barbara Barany
Windermere Realty Trust
List Price
$135,000
Sold Price
$133,000
Premium/Discount to List
-$2,000
-1.48%
Current Estimated Value
$318,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,511
Avg. Annual Appreciation
10.62%
Original Mortgage
$130,591
Outstanding Balance
$109,649
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$208,862

Purchase Details

Closed on
Jul 1, 2015
Sold by
Johnson Andrea C and Rhoads Andrea Christine
Bought by
Rhoads Christopher L and Greenwald Rhoads Rachel
Source: Public Records

Range of Values:

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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
Hummer Jacob M $133,000 Western Title & Escrow
Rhoads Christopher L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hummer Jacob M $130,591
Previous Owner Reoads Christopher L $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2023 08/10/23 Sold $282,000 -4.4% $166 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $295,000 +121.8% $174 / Sq Ft
02/28/2017 02/28/17 Sold $133,000 -1.5% $78 / Sq Ft View Prior Sale
11/27/2016 11/27/16 Pending -- -- --
11/10/2016 11/10/16 For Sale $135,000 -- $79 / 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 $2,279 $109,570 -- --
2023 $2,134 $106,380 $0 $0
2022 $2,103 $103,290 $0 $0
2021 $2,014 $100,290 $0 $0
2020 $1,972 $97,370 $0 $0
2019 $1,902 $94,540 $0 $0
2018 $1,842 $91,790 $0 $0
2017 $1,685 $89,120 $0 $0
2016 $1,501 $82,570 $0 $0
2015 $1,063 $68,140 $0 $0
2014 $1,063 $57,570 $0 $0
2013 -- $53,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brandon Cook-Bostick

    Seller's Agent in 2023

    Brandon Cook-Bostick

    Cascade Hasson SIR

    (541) 788-2383

    5 in this area

    102 Total Sales

    Brandon Cook-Bostick
    Section Image

  • R

    Buyer's Agent in 2023

    Richard Allen

  • Rachel Greenwald-Rhoads

    Seller's Agent in 2017

    Rachel Greenwald-Rhoads

    Bend Premier Real Estate LLC

    (541) 233-6922

    181 Total Sales

    Rachel Greenwald-Rhoads
    Section Image
  • Barbara Barany

    Buyer's Agent in 2017

    Barbara Barany

    Windermere Realty Trust

    (541) 771-1739

    34 in this area

    110 Total Sales

    Barbara Barany
    Section Image
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Map

Source: Oregon Datashare

MLS Number: 220166399

Oregon Datashare

APN: 111301-CB-02901

Oregon Jefferson County Madras 97741

341 NE 8th St, Madras, OR

This home is located at 341 NE 8th St, Madras, OR 97741 since 22 June 2023 and is currently estimated at $318,511, approximately $187 per square foot. This property was built in 1975. 341 NE 8th St is a home located in Jefferson County with nearby schools including Madras High School and Madras Christian School.

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