NOT LISTED FOR SALE

401 Western Ave Unit A Medford, OR 97501

West Main Neighborhood

Estimated Value: $419,000 - $473,000

6 Beds
3 Baths
2,484 Sq Ft
$181/Sq Ft Est. Value

Last Sold November 04, 2016

Last sale price $272,000 $110 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,702/month

171 Days on Market

About This Home

As of November 2016

Great investment opportunity! Duplex built in 2004; approx 2484 sf. Three bedrooms + 1.5 bathrooms. Kitchen, dining area, laundry, living room and half bathroom on main level. Both units have a lovely fenced front and back yard; large single-car garage for all your tools and treasures. Both units currently rent for $875/month each.

Last Agent to Sell the Property

Dan Mollahan

John L. Scott Medford Brokerage Phone: 541-890-8714 License #940400145 Listed on: 03/08/2016

John L. Scott Medford

Co-Listed By

Toni Anderberg

John L. Scott Medford Brokerage Phone: 541-890-8714 License #200510239

Last Buyer's Agent

Jim North

John L. Scott Medford License #200310092

John L. Scott Medford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,524

Year Built

  • Built in 2004

Lot Details

  • 8,276

Home Design

  • Duplex
  • Frame Construction

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 2-Story Property
  • 8,276 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenants personal property, W&D
  • Assessor Parcel Number 10429371

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,524

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: From N Columbus Ave turn right onto W 2nd Street, then turn right onto Western Avenue - the property will be on your right.
  • Unit Levels: Two
  • Lot Size Acres: 0.19
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 2004
  • Attribution Contact: 541-890-8714
  • Co List Office Mls Id: orJLS
  • Co List Office Phone: 541-779-3611
  • Co List Office Phone: 541-779-3611
  • Outside Inclusions: DW, Fridge, R/O
  • MLS Status: Closed
  • General Property Information:Zoning2: SFR-10
  • Water Source:Public: Yes
  • Levels:Two: Yes
  • Special Features: None

Exterior Features

  • Construction Type: Frame
  • Exclusions: Tenants personal property, W&D
  • Construction Materials:Frame: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 10429371
  • ResoLotSizeUnits: Acres
  • Zoning Description: SFR-10
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2524.08
  • Tax Year: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2016
Closed on
Nov 3, 2016
Sold by
Michael Ann
Bought by
Deluca Ronald L and The Deluca Revocable Trust
Seller's Agent
Dan Mollahan
John L. Scott Medford
Buyer's Agent
Jim North
John L. Scott Medford
List Price
$315,000
Sold Price
$272,000
Premium/Discount to List
-$43,000
-13.65%
Current Estimated Value
$448,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,496
Avg. Annual Appreciation
5.86%
Original Mortgage
$139,000
Outstanding Balance
$22,746
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$425,750

Purchase Details

Closed on
Oct 1, 2015
Sold by
Ann Michael Rick and Ann Michael
Bought by
Michael Ann

Purchase Details

Closed on
Nov 20, 2013
Sold by
Lowell Brian S and Lowell Kristen
Bought by
Michael Rick and Michael Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2011
Sold by
Fowler Teresa M
Bought by
Lowell Brian S and Lowell Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2005
Sold by
Janakes Family Llc
Bought by
Fowler Teresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,500
Interest Rate
1.37%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 2003
Sold by
Kessler Roger C and Kessler Roger
Bought by
Janakes Jon S and Janakes Kimberly
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
Deluca Ronald L $272,000 Ticor Title Company Of Or
Michael Ann -- None Available
Michael Rick $245,000 First American
Lowell Brian S $190,000 First American
Fowler Teresa M -- Lawyers Title Ins
Janakes Family Llc -- Lawyers Title Ins
Janakes Jon S $130,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deluca Ronald L $139,000
Previous Owner Michael Rick $183,750
Previous Owner Lowell Brian S $142,500
Previous Owner Fowler Teresa M $180,000
Previous Owner Fowler Teresa M $116,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2016 11/04/16 Sold $272,000 -13.7% $110 / Sq Ft
08/26/2016 08/26/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $315,000 -- $127 / 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
2025 $3,096 $213,500 $52,310 $161,190
2024 $3,096 $207,290 $50,790 $156,500
2023 $3,002 $201,260 $49,310 $151,950
2022 $2,928 $201,260 $49,310 $151,950
2021 $2,853 $195,400 $47,880 $147,520
2020 $2,792 $189,710 $46,490 $143,220
2019 $2,726 $178,830 $43,810 $135,020
2018 $2,657 $173,630 $42,520 $131,110
2017 $2,609 $173,630 $42,520 $131,110
2016 $2,626 $163,670 $40,080 $123,590
2015 $2,524 $163,670 $40,080 $123,590
2014 $2,480 $154,290 $37,780 $116,510
Source: Public Records

Agents Affiliated with this Home

  • Dan Mollahan

    Seller's Agent in 2016

    Dan Mollahan

    John L. Scott Medford

    (541) 890-8714

    8 in this area

    186 Total Sales

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  • Toni Anderberg

    Seller Co-Listing Agent in 2016

    Toni Anderberg

    John L. Scott Medford

    (541) 944-8496

    9 in this area

    192 Total Sales

    Section Image
  • Jim North

    Buyer's Agent in 2016

    Jim North

    John L. Scott Medford

    (541) 488-1311

    7 in this area

    178 Total Sales

    Section Image
  • Douglas Morse

    Buyer Co-Listing Agent in 2016

    Douglas Morse

    John L. Scott Medford

    (541) 734-5280

    11 in this area

    506 Total Sales

    Section Image
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Map

Source: Oregon Datashare

MLS Number: 102963205

Oregon Datashare

APN: 10429371

Oregon Jackson County Medford 97501 West Main

401 Western Ave Unit A, Medford, OR

This home is located at 401 Western Ave Unit A, Medford, OR 97501 since 08 March 2016 and is currently estimated at $448,496, approximately $180 per square foot. This property was built in 2004. 401 Western Ave Unit A is a home located in Jackson County with nearby schools including Jackson Elementary School, McLoughlin Middle School, and South Medford High School.

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