NOT LISTED FOR SALE

Estimated Value: $580,000 - $667,917

6 Beds
6 Baths
2,528 Sq Ft
$243/Sq Ft Est. Value

Last Sold February 09, 2023

Last sale price $720,000 $285 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $3,648/month

86 Days on Market

Highlights

  • Cul-De-Sac
  • Garage
  • 3-minute walk to Volunteer Park
  • Forced Air Heating and Cooling System

About This Home

As of February 2023

INVESTMENT OPPORTUNITY!! Duplex in Springfield with gross rent totaling $4,490. Both sides are currently leased and one side is newly remodeled. Potential to purchase at a 6% cap rate at current list price. Come add to your rental property portfolio or begin your investing journey here!

Last Agent to Sell the Property

COOPER KIKUTA

eXp Realty LLC License #201220649 Listed on: 10/20/2022

eXp Realty LLC

Last Buyer's Agent

Dan Gandee

Real Broker License #201235300

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,375

Year Built

  • Built in 2007

Lot Details

  • Cul-De-Sac

Parking

  • Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2,528 Sq Ft Home
  • 2-Story Property

Schools

  • Mt Vernon Elementary School
  • Agnes Stewart Middle School
  • Springfield High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1766870

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $4,376
  • Gross Income $53,880
  • Net Operating Income $49,504

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,375

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2007
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Garage
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Cul_de_sac
  • Road Surface Type: Paved
  • Disclosures: Disclosure

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Mt Vernon
  • High School: Springfield
  • Middle Or Junior School: Agnes Stewart

Lot Info

  • Zoning: MD
  • Parcel #: 1766870

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4375.35

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.64
  • Annual Gross Income: 53880.0
  • Property Net Operating Income: 49504.0
  • Annual Operating Expense: 4376.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2022
Closed on
Feb 8, 2023
Sold by
Bailey Jordan
Bought by
Conway Living Trust
Seller's Agent
COOPER KIKUTA
eXp Realty LLC
Buyer's Agent
Dan Gandee
Real Broker
List Price
$795,000
Sold Price
$720,000
Premium/Discount to List
-$75,000
-9.43%
Views
90
Current Estimated Value
$613,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$106,271
Avg. Annual Appreciation
-5.78%

Purchase Details

Listed on
May 15, 2020
Closed on
Jul 16, 2020
Sold by
Harris Joseph A
Bought by
Bailey Jordan
Seller's Agent
Amanda Parker
Parker Heights Realty
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$449,900
Sold Price
$427,000
Premium/Discount to List
-$22,900
-5.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.04%
Original Mortgage
$419,265
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 30, 2014
Sold by
Harris Joseph A and Harris Julie A
Bought by
Harris Joseph A

Purchase Details

Closed on
Apr 6, 2007
Sold by
2J Llc
Bought by
Harris Joseph A and Harris Julie A
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
Conway Living Trust $720,000 Western Title
Bailey Jordan $427,000 Western Title & Escrow
Harris Joseph A -- Western Title & Escrow Co
Harris Joseph A -- Wte
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bailey Jordan $419,265
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2023 02/09/23 Sold $720,000 -2.0% $285 / Sq Ft
01/15/2023 01/15/23 Pending -- -- --
01/08/2023 01/08/23 Price Changed $735,000 -2.0% $291 / Sq Ft
12/02/2022 12/02/22 Price Changed $750,000 -3.1% $297 / Sq Ft
11/11/2022 11/11/22 Price Changed $774,000 -2.6% $306 / Sq Ft
10/20/2022 10/20/22 For Sale $795,000 +86.2% $314 / Sq Ft
08/04/2020 08/04/20 Sold $427,000 +1.7% $169 / Sq Ft View Prior Sale
06/12/2020 06/12/20 Pending -- -- --
06/05/2020 06/05/20 Price Changed $419,900 -2.3% $166 / Sq Ft
05/26/2020 05/26/20 Price Changed $429,900 -4.4% $170 / Sq Ft
05/15/2020 05/15/20 For Sale $449,900 -- $178 / 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 $4,724 $254,236 -- --
2023 $4,724 $246,832 $0 $0
2022 $4,375 $239,643 $0 $0
2021 $4,297 $232,664 $0 $0
2020 $4,171 $225,888 $0 $0
2019 $4,046 $219,309 $0 $0
2018 $3,814 $206,720 $0 $0
2017 $3,667 $206,720 $0 $0
2016 $3,590 $200,699 $0 $0
2015 $3,488 $194,853 $0 $0
2014 $3,435 $189,178 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22177535

Regional Multiple Listing Service (RMLS)

APN: 1766870