P
Seller's Agent in 2024
Phillip Nielsen
Keystone Real Estate
(541) 968-4558
4 in this area
17 Total Sales
351 40th St Springfield, OR 97478
East Springfield NeighborhoodEstimated Value: $666,000 - $696,000
8
Beds
4
Baths
2,640
Sq Ft
$260/Sq Ft
Est. Value
Highlights
- No HOA
- Level Lot
- 1-Story Property
- Baseboard Heating
About This Home
As of August 2024New roof within the last 2 years. Occupants pay all utilities(water, sewer and garbage). Operating costs 2023 are alot higher than normal due to repairs and remodels. We will show 1 unit and with an accepted offer we will show all units. Also 349 is for sale both on separate tax lots. STRICTLY AS IS, see addendum #1, provided by the seller. NOI is for 2024, 2023 had a lot of remodel/repair.
Last Agent to Sell the Property
Keystone Real Estate License #201211198 Listed on: 04/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,331
Year Built
- Built in 1992
Lot Details
- 9,147 Sq Ft Lot
- Level Lot
Parking
- 4 Parking Spaces
Home Design
- Slab Foundation
- Composition Roof
- Plywood Siding Panel T1-11
Interior Spaces
- 2,640 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Schools
- Riverbend Elementary School
- Briggs Middle School
- Thurston High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 1479128
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $29,572
- Gross Income $41,232
- Net Operating Income $6,671
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 19, 2024
Closed on
Jun 13, 2024
Sold by
Twedt Marsha and Maxwell Cindy
Bought by
Chapman Kyle L and Chapman Emma
Seller's Agent
Phillip Nielsen
Keystone Real Estate
Buyer's Agent
Jesse Haffly
eXp Realty LLC
List Price
$575,000
Sold Price
$486,500
Premium/Discount to List
-$88,500
-15.39%
Views
11
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
$199,229
Avg. Annual Appreciation
23.12%
Original Mortgage
$364,875
Interest Rate
6.87%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chapman Kyle L | $486,500 | Evergreen Land Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chapman Kyle L | $364,875 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/02/2024 08/02/24 | Sold | $486,500 | -15.4% | $184 / Sq Ft |
| 05/10/2024 05/10/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | For Sale | $575,000 | -- | $218 / 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 | $4,598 | $250,737 | -- | -- |
| 2024 | $4,523 | $243,434 | -- | -- |
| 2023 | $4,523 | $236,344 | $0 | $0 |
| 2022 | $4,189 | $229,461 | $0 | $0 |
| 2021 | $4,114 | $222,778 | $0 | $0 |
| 2020 | $3,994 | $216,290 | $0 | $0 |
| 2019 | $3,874 | $209,991 | $0 | $0 |
| 2018 | $3,652 | $197,937 | $0 | $0 |
| 2017 | $3,512 | $197,937 | $0 | $0 |
| 2016 | $3,438 | $192,172 | $0 | $0 |
| 2015 | $3,340 | $186,575 | $0 | $0 |
| 2014 | $3,289 | $181,141 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Phillip Nielsen
-
Steve Nielsen
S
Seller Co-Listing Agent in 2024
Steve Nielsen
Keystone Real Estate
(541) 746-1233
3 in this area
13 Total Sales
-
Jesse Haffly
Buyer's Agent in 2024
Jesse Haffly
eXp Realty LLC
(541) 623-0550
9 in this area
210 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24433847
APN: 1479128
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 © 2026 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.
Nearby Homes
Your Personal Tour Guide
Ask me questions while you tour the home.