NOT LISTED FOR SALE

40140 Mccormick Dr Sandy, OR 97055

Estimated Value: $449,790 - $521,000

4 Beds
2 Baths
1,835 Sq Ft
$265/Sq Ft Est. Value

Last Sold July 20, 2015

Last sale price $250,000 $136 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,850/month

3 Days on Market

Highlights

  • Territorial View
  • Property is near bus stop
  • 2 Car Garage
  • Corner Lot
  • Baseboard Heating
  • Wood Siding

About This Home

As of July 2015

Great Tenants, Long-Term Renters Want to Stay! Close to Town, Bus Lines, Mountain and Parks. Each unit has a fireplace and garage. One side is a 3 Bd/2Ba, the other side 2 Bd/1 Ba. Good Roof, Vinyl Windows, Siding in good shape. Chimney chassis repaired. Has had some interior updates recently including new refrigerator, and energy efficient toilet, and bathroom floor.

Last Agent to Sell the Property

Stephanie Meza

Equity Oregon Real Estate License #200802043 Listed on: 05/20/2015

Last Buyer's Agent

Charlotte Cook

MORE Realty License #880900117

MORE Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,034

Year Built

  • Built in 1978 | Remodeled

Lot Details

  • 8,407

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 1,835 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Schools

  • Sandy Elementary School
  • Sandy High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Corner Lot
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 00663197

Community Details

Overview

  • 2 Units
  • Highview Subdivision
  • Property managed by See Private Remarks-Show Shed.

Building Details

  • Operating Expense $3,034
  • Gross Income $21,120
  • Net Operating Income $20,670

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,034

Year Built

Built in 1978 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1978
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 250000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: CornerLot, OnBusline
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: 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

  • Management Name: See Private Remarks-Show Shed.
  • Management Phone: 503-975-5480

Schools

  • Elementary School: Sandy
  • High School: Sandy

Lot Info

  • Zoning: SFR
  • Parcel #: 00663197

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 3033.52

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.84
  • Annual Gross Income: 21120.0
  • Property Net Operating Income: 20670.0
  • Annual Operating Expense: 3034.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2017
Sold by
Walter M Jean
Bought by
Walter Loren D and Walter Marjorie J
Current Estimated Value
$482,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Outstanding Balance
$95,062
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$390,386

Purchase Details

Listed on
May 20, 2015
Closed on
Jul 15, 2015
Sold by
Muroff Basargin Anna and Basargin Mark P
Bought by
Walter M Jean
Seller's Agent
Stephanie Meza
Equity Oregon Real Estate
Buyer's Agent
Charlotte Cook
MORE Realty
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Apr 11, 2014
Sold by
Muroff Basargin Anna
Bought by
Muroff Basargin Anna and Basargin Mark P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2013
Sold by
Hines Lester J and Hines Rena M
Bought by
Muroff Anna Busargin

Purchase Details

Closed on
Feb 13, 2004
Sold by
Allyn Phyllis E
Bought by
Hines Lester J and Hines Rena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.87%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Walter Loren D -- First American
Walter M Jean $250,000 First American
Muroff Basargin Anna -- Wfg Title
Muroff Anna Busargin $60,000 Fatco
Hines Lester J $155,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walter Loren D $115,000
Previous Owner Muroff Basargin Anna $100,000
Previous Owner Hines Lester J $124,000
Closed Hines Lester J $13,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2015 07/20/15 Sold $250,000 0.0% $136 / Sq Ft
05/23/2015 05/23/15 Pending -- -- --
05/20/2015 05/20/15 For Sale $250,000 -- $136 / 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
2025 $4,238 $247,007 -- --
2024 $4,059 $239,813 -- --
2023 $4,059 $232,829 $0 $0
2022 $3,845 $226,048 $0 $0
2021 $3,713 $219,465 $0 $0
2020 $3,612 $213,073 $0 $0
2019 $3,578 $206,867 $0 $0
2018 $3,478 $200,842 $0 $0
2017 $3,394 $194,992 $0 $0
2016 $3,277 $189,313 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Stephanie Meza

    Equity Oregon Real Estate

  • C

    Buyer's Agent in 2015

    Charlotte Cook

    MORE Realty

    12 Total Sales

    Charlotte Cook
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15282565

Regional Multiple Listing Service (RMLS)

APN: 00663197

Oregon Clackamas County Sandy 97055

40140 Mccormick Dr, Sandy, OR

Not Listed for Sale

MultiFamily

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