NOT LISTED FOR SALE

4061 Southway Loop Springfield, OR 97478

East Springfield Neighborhood

Estimated Value: $384,000 - $424,642

4 Beds
4 Baths
2,235 Sq Ft
$182/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $380,000 $170 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,482/month

7 Days on Market

Highlights

  • No HOA
  • Heating unit installed on the ceiling
  • Wood Siding

About This Home

As of May 2024

This is a portfolio sale for 4 duplexes in the same neighborhood. Property has 2 bedrooms and 1.5 baths with single car garage. Some are updated recently with LVP and newer kitchen appliances. Rents range from $1450 - $1495 per unit. APOD and P/L avail through your real estate agent.

Last Agent to Sell the Property

Brent Cole

Triple Oaks Realty LLC Brokerage Phone: 541-556-5093 License #200607178 Listed on: 04/02/2024

Last Buyer's Agent

Tim Duncan

Tim Duncan Real Estate License #201208654

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 7,840 Sq Ft Lot

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,235 Sq Ft Home
  • 2-Story Property

Schools

  • Agnes Stewart Middle School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1099058

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $35,985
  • Gross Income $141,360
  • Net Operating Income $98,307

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1974
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

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

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Ceiling, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Agnes Stewart

Lot Info

  • Zoning: MD
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840.0
  • Parcel #: 1099058

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 14640.0
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 2.76
  • Annual Gross Income: 141360.0
  • Property Net Operating Income: 98307.0
  • Annual Operating Expense: 35985.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2024
Closed on
May 6, 2024
Sold by
Arnold Duplex 406 Llc
Bought by
Knueppel Johannes and Knueppel Stephanie
Seller's Agent
Brent Cole
Triple Oaks Realty LLC
Buyer's Agent
Tim Duncan
Tim Duncan Real Estate
List Price
$1,560,000
Sold Price
$380,000
Premium/Discount to List
-$1,180,000
-75.64%
Views
25
Current Estimated Value
$406,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,161
Avg. Annual Appreciation
4.80%
Original Mortgage
$228,000
Outstanding Balance
$224,748
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$181,413

Purchase Details

Listed on
Apr 2, 2024
Closed on
May 5, 2024
Sold by
Knueppel Johannes and Knueppel Stephanie
Bought by
Bluespring Properties Llc
Seller's Agent
Brent Cole
Triple Oaks Realty LLC
Buyer's Agent
Tim Duncan
Tim Duncan Real Estate
List Price
$1,560,000
Sold Price
$380,000
Premium/Discount to List
-$1,180,000
-75.64%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Outstanding Balance
$224,748
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$181,413

Purchase Details

Closed on
Feb 23, 2004
Sold by
Southway Loop Llc
Bought by
Arnold Duplex 406 Llc

Purchase Details

Closed on
May 7, 2003
Sold by
Arnold Steven J
Bought by
Southway Loop Llc

Purchase Details

Closed on
Aug 20, 2001
Sold by
Arnold Steven J and Arnold Sharon E
Bought by
Arnold Duplex 4061 4063 Llc
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
Knueppel Johannes $330,000 Cascade Title
Bluespring Properties Llc -- Cascade Title
Arnold Duplex 406 Llc -- --
Southway Loop Llc -- --
Arnold Duplex 4061 4063 Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knueppel Johannes $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2024 05/10/24 Sold $380,000 -2.6% $170 / Sq Ft
05/10/2024 05/10/24 Price Changed $390,000 -75.0% $174 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
04/02/2024 04/02/24 For Sale $1,560,000 -- $698 / 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
2024 $3,953 $212,728 -- --
2023 $3,953 $206,533 $0 $0
2022 $3,661 $200,518 $0 $0
2021 $3,595 $194,678 $0 $0
2020 $3,490 $189,008 $0 $0
2019 $3,385 $183,503 $0 $0
2018 $3,191 $172,970 $0 $0
2017 $3,069 $172,970 $0 $0
2016 $3,004 $167,932 $0 $0
2015 $2,895 $163,041 $0 $0
2014 $2,833 $158,292 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brent Cole

    Seller's Agent in 2024

    Brent Cole

    Triple Oaks Realty LLC

    (541) 556-5093

    5 in this area

    179 Total Sales

    Brent Cole
    Section Image
  • Tim Duncan

    Buyer's Agent in 2024

    Tim Duncan

    Tim Duncan Real Estate

    (541) 284-3741

    16 in this area

    292 Total Sales

    Tim Duncan
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24393696

Regional Multiple Listing Service (RMLS)

APN: 1099058

Oregon Lane County Springfield 97478 East Springfield

4061 Southway Loop, Springfield, OR

This home is located at 4061 Southway Loop, Springfield, OR 97478 since 02 April 2024 and is currently estimated at $406,161, approximately $181 per square foot. This property was built in 1974. 4061 Southway Loop is a home located in Lane County with nearby schools including Douglas Gardens Elementary School, Agnes Stewart Middle School, and Springfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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