NOT LISTED FOR SALE

401 5th Ave Culver, OR 97734

Estimated Value: $283,000 - $447,000

6 Beds
2 Baths
2,845 Sq Ft
$127/Sq Ft Est. Value

Last Sold December 31, 2021

Last sale price $240,000 $84 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,160/month

43 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Neighborhood Views
  • Craftsman Architecture
  • No HOA
  • Bathtub with Shower

About This Home

As of December 2021

Investment opportunity in Culver on a large C1 zoned lot. Excellent rental with very low vacancy. One unit up has 4 bedrooms and 1 bath, One unit down with 3 bedrooms and one bath, plus a double car garage. Lots of potential for sweat equity. On a partial foundation, so financing is not an option. Price reflects the need for a cash sale.

Last Agent to Sell the Property

David Lepez

Realty Pros LLC License #201210396 Listed on: 12/07/2021

Co-Listed By

Sonya Gangstead

Realty Pros LLC License #920800017

Last Buyer's Agent

Noah von Borstel

Windermere Realty Trust License #200509186

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,057

Year Built

  • Built in 1910

Lot Details

  • 10,454 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Home Design

  • Duplex
  • Craftsman Architecture
  • Frame Construction
  • Composition Roof

Interior Spaces

  • Bathtub with Shower
  • 2-Story Property
  • Ceiling Fan
  • Aluminum Window Frames
  • Neighborhood Views

Kitchen

  • Range
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Shared Driveway
  • RV Access or Parking

Schools

  • Culver Elementary School
  • Culver Middle School
  • Culver High School

Utilities

  • No Cooling
  • Zoned Heating
  • Baseboard Heating

Listing and Financial Details

  • Exclusions: All tenants personal property
  • Legal Lot and Block 5800 / 3
  • Assessor Parcel Number 3307

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Culver Subdivision

Recreation

  • Community Playground
  • Park

Building Details

  • Professional Management Expense $2,400
  • Gross Income $24,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,057

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Architectural Style: Craftsman
  • Unit Levels: Two
  • Lot Size Acres: 0.24
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Frontage Type: Private Access
  • Road Surface Type: Paved
  • Subdivision Name: Culver
  • Year Built: 1910
  • Total Gross Income: 24000.0
  • Professional Management Expense: 2400.0
  • Co List Office Mls Id: ocREPROS
  • Co List Office Phone: 541-480-9567
  • Co List Office Phone: 541-480-9567
  • Outside Inclusions: Woodstove in main level ''As Is''
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Culver Elem
  • General Property Information Middle Or Junior School: Culver Middle
  • General Property Information High School: Culver High
  • General Property Information:Zoning2: C1
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Neighborhood: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 5800
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 3
  • Common Walls:No Common Walls: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Flooring:Vinyl: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Architectural Style Craftsman: Yes
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator
  • Has Basement: None
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Shower/Tub Combo
  • Window Features: Aluminum Frames
  • Community Features:Park2: Yes
  • Appliances Range: Yes
  • Interior Features:Laminate Counters: Yes
  • Interior Features ShowerTub Combo: Yes
  • Interior Features:Ceiling Fans: Yes
  • Community Features:Playground2: Yes

Exterior Features

  • Common Walls: No Common Walls
  • Construction Type: Frame
  • Foundation Details: None
  • Lot Features: Corner Lot
  • Roof: Composition
  • View: Neighborhood
  • Exclusions: All tenants personal property
  • Construction Materials:Frame: Yes
  • Lot Features:Corner Lot: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Heating: Baseboard, Electric, Zoned
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric2: Yes
  • Heating:Zoned2: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Park, Playground

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Culver Elem
  • High School: Culver High
  • Middle Or Junior School: Culver Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 10454.4
  • Parcel #: 3307
  • ResoLotSizeUnits: Acres
  • Zoning Description: C1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 18000.0
  • Annual Operating Expense: 3600.0

Tax Info

  • Tax Annual Amount: 2057.0
  • Tax Block: 3
  • Tax Lot: 5800
  • Tax Map Number: 12-13-18DA
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2021
Closed on
Dec 29, 2021
Sold by
Parker Timothy
Bought by
Stewart William D and Stewart Kimberiee A
Seller's Agent
David Lepez
Realty Pros LLC
Buyer's Agent
Noah von Borstel
Windermere Realty Trust
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$361,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,515
Avg. Annual Appreciation
11.78%

Purchase Details

Closed on
May 1, 2009
Sold by
Tichenor William K
Bought by
Parker Timothy
Source: Public Records

Range of Values:

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Average Value
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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
Stewart William D $240,000 Western Title & Escrow
Parker Timothy $50,000 Jefferson County Title Compa
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2021 12/31/21 Sold $240,000 -4.0% $84 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $250,000 -- $88 / 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 $2,330 $117,980 -- --
2023 $2,258 $114,550 $0 $0
2022 $2,196 $111,220 $0 $0
2021 $2,120 $107,990 $0 $0
2020 $2,034 $104,850 $0 $0
2019 $1,978 $101,800 $0 $0
2018 $1,914 $98,840 $0 $0
2017 $1,871 $95,970 $0 $0
2016 $1,861 $93,180 $0 $0
2015 $1,320 $89,620 $0 $0
2014 $1,320 $75,820 $0 $0
2013 -- $72,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220134782

Oregon Datashare

APN: 121318-DA-05800