$525,000
SOLD SEP 10, 2024

40000 Mccormick Dr Sandy, OR 97055

-- Bed
-- Bath
1,854 Sq Ft
7,928 Sq Ft Lot

Recently Sold

$283 Per Sq Ft

2 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Level Lot
  • Landscaped
  • 2 Car Garage
  • Wood Siding

About This Home

As of September 2024

One level Duplex in Sandy. Single car garage for each unit. New Garage doors with openers. New Roof in 2021, new electrical panels in 2024. Both units have a fenced backyard and patio. Washer/Dryer Hook-up in each unit. Long-term renter in 3 Bed, 1 1/2 Bath unit. 2 Bed, 1 Bath unit is vacant and has recently been remodeled. Ready for a new Tenant or for you to Owner Occupy. Photos are the of the vacant unit. Great location, come check it out! Subject to Tenant Law.

Last Agent to Sell the Property

Vicki Arnold

20/20 Properties, Inc Brokerage Email: info@20-20properties.com License #200001166 Listed on: 07/19/2024

Last Buyer's Agent

Jason Shuler

John L. Scott Sandy License #900500340

John L. Scott Sandy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,972

Year Built

  • Built in 1978

Lot Details

  • Landscaped
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space

Schools

  • Sandy Elementary School
  • Cedar Ridge Middle School
  • Sandy High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance
  • Assessor Parcel Number 00663142

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,751
  • Gross Income $35,231
  • Net Operating Income $25,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,972

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1978
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping
  • Association: No

Schools

  • Elementary School: Sandy
  • High School: Sandy
  • Middle Or Junior School: Cedar Ridge

Lot Info

  • Zoning: SFR
  • Parcel #: 00663142

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3972.23

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 14.9
  • Annual Gross Income: 35231.0
  • Property Net Operating Income: 25480.0
  • Annual Operating Expense: 9751.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Sep 5, 2024
Sold by
Mccormick Rental Llc
Bought by
Sobella Chad
Seller's Agent
Vicki Arnold
20/20 Properties, Inc
Buyer's Agent
Jason Shuler
John L. Scott Sandy
List Price
$525,000
Sold Price
$525,000
Views
11
Current Estimated Value
$520,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,411
Avg. Annual Appreciation
-0.20%
Original Mortgage
$393,750
Outstanding Balance
$391,350
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$132,644

Purchase Details

Closed on
Nov 17, 2021
Sold by
Pate Andrew James and Pate Tiffany Ann
Bought by
Mccormick Rentals Llc

Purchase Details

Listed on
May 19, 2016
Closed on
Jul 27, 2016
Sold by
Cansler Clyde L and Cansler Phyllis M
Bought by
Pate Andrew James and Pate Tiffany Ann
Seller's Agent
Robyn Jones
Jones Group Realtors, LLC
Buyer's Agent
Vicki Arnold
20/20 Properties, Inc
List Price
$265,000
Sold Price
$275,000
Premium/Discount to List
$10,000
3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%
Original Mortgage
$206,250
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 1995
Sold by
Barker Daniel Loy
Bought by
Cansler Clyde L and Cansler Phyllis M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,250
Interest Rate
7.88%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $525,000 Fidelity National Title
Bargain Sale Deed -- None Available
Warranty Deed $275,000 Fidelity Natl Title Of Or
Warranty Deed $144,250 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $393,750 New Conventional
Previous Owner $206,250 Commercial
Previous Owner $99,250 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 Sold $525,000 0.0% $283 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $525,000 +90.9% $283 / Sq Ft
07/29/2016 07/29/16 Sold $275,000 +3.8% $148 / Sq Ft
05/22/2016 05/22/16 Pending -- -- --
05/19/2016 05/19/16 For Sale $265,000 -- $143 / 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
2023 $4,079 $233,973 $0 $0
2022 $3,864 $227,159 $0 $0
2021 $3,731 $220,543 $0 $0
2020 $3,630 $214,120 $0 $0
2019 $3,595 $207,884 $0 $0
2018 $3,495 $201,829 $0 $0
2017 $3,410 $195,950 $0 $0
2016 $3,293 $190,243 $0 $0
2015 $3,199 $184,702 $0 $0
2014 $3,095 $179,322 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24176712

Regional Multiple Listing Service (RMLS)

APN: 00663142