NOT LISTED FOR SALE

350 NW Willamina Dr Willamina, OR 97396

Estimated Value: $299,000 - $686,000

4 Beds
2 Baths
6,524 Sq Ft
$77/Sq Ft Est. Value

Last Sold April 27, 2022

Last sale price $870,000 $133 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $3,117/month

116 Days on Market

About This Home

As of April 2022

Very solid rental with great rental history! 7 plex is townhome style apartments with on site laundry. New windows in all units and several units with upgrades. Well kept units with nice grounds and patios. Room for rent increases that could bring the Cap Rate up

Last Agent to Sell the Property

Steve Barnes

Weichert, Realtors on Main Street License #990800048 Listed on: 12/09/2021

Weichert, Realtors on Main Street

Last Buyer's Agent

Mike Morris

Miller Consulting Group, LLC License #201213975

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,715

Year Built

  • Built in 1974

Lot Details

  • 7,405

Parking

  • Paved Parking

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Utilities

  • Electric Water Heater
  • High Speed Internet

Community Details

  • 7 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,715

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 6524
  • Stories: 2
  • Year Built: 1974
  • Property Condition: Existing
  • Remarks Public: Very solid rental with great rental history! 7 plex is townhome style apartments with on site laundry. New windows in all units and several units with upgrades. Well kept units with nice grounds and patios. Room for rent increases that could bring the Cap Rate up
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: LOT 7 & PART LOT 6 VALLEY VIEW ADDITION

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 15K-19,999SF
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Baseboard
  • Internet Service Type: Cable

Condo/Co-op/Association

  • Common Amenities: Laundry

Schools

  • Elementary School: Willamina
  • Middle School: Willamina/Gr
  • High School: Willamina

Lot Info

  • Zoning: R4

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 4038.78
  • Assessor Parcel Number: 243329
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 11.71

MLS Schools

  • Elementary School: Willamina
  • High School: Willamina
  • Middle School: Willamina/Gr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2021
Sold by
Kraxberger Investments Llc
Bought by
Kraxberger Jon Colby
Current Estimated Value
$503,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$227,778
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$281,551

Purchase Details

Closed on
Dec 7, 2017
Sold by
Kraxberger Jon Barry
Bought by
Kraxberger Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2014
Sold by
Usrey William B and Usrey Susan M
Bought by
Willamette Rentals Llc
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
Kraxberger Jon Colby -- Ticor Title Company Of Or
Kraxberger Investments Llc -- Ticor Title
Willamette Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kraxberger Jon Colby $300,000
Previous Owner Kraxberger Investments Llc $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2022 04/27/22 Sold $870,000 -11.2% $133 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
12/28/2021 12/28/21 Price Changed $979,900 -1.0% $150 / Sq Ft
12/09/2021 12/09/21 For Sale $990,000 +125.0% $152 / Sq Ft
09/28/2017 09/28/17 Sold $440,000 +3.5% $67 / Sq Ft
08/23/2017 08/23/17 Pending -- -- --
08/21/2017 08/21/17 For Sale $425,000 +41.9% $65 / Sq Ft
02/11/2016 02/11/16 Sold $299,550 -16.6% $46 / Sq Ft
01/17/2016 01/17/16 Pending -- -- --
10/03/2012 10/03/12 For Sale $359,000 -- $55 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $4,715 $291,019 -- --
2023 $4,408 $282,543 $0 $0
2022 $4,279 $274,314 $0 $0
2021 $3,619 $231,368 $0 $0
2020 $128 $8,730 $0 $0
2019 $154 $10,545 $0 $0
2018 $153 $10,238 $0 $0
2017 $149 $9,940 $0 $0
2016 $147 $9,650 $0 $0
2015 $144 $9,370 $0 $0
2014 $140 $9,099 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steve Barnes

    Seller's Agent in 2022

    Steve Barnes

    Weichert, Realtors on Main Street

    (503) 407-9393

    45 Total Sales

    Steve Barnes
    Section Image
  • Mike Morris

    Buyer's Agent in 2022

    Mike Morris

    Miller Consulting Group, LLC

    (503) 899-0004

    28 Total Sales

    Mike Morris
    Section Image
  • Dan Enos

    Seller's Agent in 2017

    Dan Enos

    Coldwell Banker Mountain West

    (971) 832-0171

    30 Total Sales

    Dan Enos
    Section Image
  • Nancy Rasmussen

    Seller's Agent in 2016

    Nancy Rasmussen

    RE/MAX

    (503) 320-3771

    51 Total Sales

    Nancy Rasmussen
    Section Image
  • Shea Steel

    Buyer's Agent in 2016

    Shea Steel

    RE/MAX

    (503) 975-7036

    112 Total Sales

    Shea Steel
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21586176

Regional Multiple Listing Service (RMLS)

APN: 243347

Oregon Yamhill County Willamina 97396

350 NW Willamina Dr, Willamina, OR

This home is located at 350 NW Willamina Dr, Willamina, OR 97396 since 09 December 2021 and is currently estimated at $503,907, approximately $77 per square foot. This property was built in 1974. 350 NW Willamina Dr is a home located in Yamhill County with nearby schools including Willamina Elementary School, Willamina Middle School, and Willamina High School.

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