NOT LISTED FOR SALE

405 Western Ave Unit A & B Medford, OR 97501

West Main Neighborhood

Estimated Value: $363,000 - $498,000

6 Beds
4 Baths
2,484 Sq Ft
$179/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $340,000 $137 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,738/month

46 Days on Market

About This Home

As of June 2019

This income property has all those important details that an investor is looking for. The condition is above average and it is very well cared for. It's located in an area of interest to a high number of potential tenants. Local schools, Parks and shopping centers and the downtown area are easily accessible. It is currently fully occupied by long-term, conscientious tenants. 2005 Built, gas heat with heat pump AC, great back yard space for both units.

Last Agent to Sell the Property

Donald Dixon

Signature Realty LLC Listed on: 03/18/2019

Co-Listed By

Alice Headley

Signature Realty LLC

Last Buyer's Agent

Kathy Berry

John L. Scott Medford License #201213617

John L. Scott Medford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,592

Year Built

  • Built in 2004

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heat Pump System

Community Details

  • Gross Income $19,740

Listing and Financial Details

  • Exclusions: All Tenant personal property
  • Assessor Parcel Number 031319DD

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,592

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: McAndrews or Jackson to Western.
  • Lot Size Acres: 0.19
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 2004
  • Total Gross Income: 19740.0
  • Co List Office Mls Id: orSIGN
  • Co List Office Phone: 541-601-0410
  • Co List Office Phone: 541-601-0410
  • MLS Status: Closed
  • General Property Information:Zoning2: SFR-10
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Special Features: None

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exclusions: All Tenant personal property
  • Construction Materials:Frame: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 031319DD
  • ResoLotSizeUnits: Acres
  • Zoning Description: SFR-10
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2591.96
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
Jun 12, 2019
Sold by
Hobbs Todd M
Bought by
Good Robert K and Good Lisa L
Seller's Agent
Donald Dixon
Signature Realty LLC
Buyer's Agent
Kathy Berry
John L. Scott Medford
List Price
$345,000
Sold Price
$340,000
Premium/Discount to List
-$5,000
-1.45%
Current Estimated Value
$456,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,189
Avg. Annual Appreciation
5.29%
Original Mortgage
$255,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2004
Sold by
Janakes Family Llc
Bought by
Hobbs Todd M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

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
Good Robert K $340,000 Ticor Title Company Of Or
Hobbs Todd M $269,000 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 Good Robert K $260,800
Closed Good Robert K $255,000
Previous Owner Hobbs Todd M $215,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2019 06/14/19 Sold $340,000 -1.4% $137 / Sq Ft
05/03/2019 05/03/19 Pending -- -- --
03/18/2019 03/18/19 For Sale $345,000 -- $139 / 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 $3,021 $208,310 $58,380 $149,930
2024 $3,021 $202,250 $56,680 $145,570
2023 $2,929 $196,360 $55,020 $141,340
2022 $2,857 $196,360 $55,020 $141,340
2021 $2,783 $190,650 $53,420 $137,230
2020 $2,724 $185,100 $51,860 $133,240
2019 $2,660 $174,480 $48,870 $125,610
2018 $2,592 $169,400 $47,450 $121,950
2017 $2,545 $169,400 $47,450 $121,950
2016 $2,562 $159,680 $44,730 $114,950
2015 $2,462 $159,680 $44,730 $114,950
2014 $2,419 $150,520 $42,160 $108,360
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Donald Dixon

    Signature Realty LLC

  • A

    Seller Co-Listing Agent in 2019

    Alice Headley

    Signature Realty LLC

  • K

    Buyer's Agent in 2019

    Kathy Berry

    John L. Scott Medford

    Section Image
  • JJ Kramer

    Buyer Co-Listing Agent in 2019

    JJ Kramer

    John L. Scott Medford

    (541) 840-2992

    11 in this area

    652 Total Sales

    Section Image
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Map

Source: Oregon Datashare

MLS Number: 102999403

Oregon Datashare

APN: 10429362

Oregon Jackson County Medford 97501 West Main

405 Western Ave Unit A & B, Medford, OR

This home is located at 405 Western Ave Unit A & B, Medford, OR 97501 since 18 March 2019 and is currently estimated at $445,315, approximately $179 per square foot. This property was built in 2004. 405 Western Ave Unit A & B 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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