NOT LISTED FOR SALE

423 NE Olney Ave Unit 1 Bend, OR 97701

Orchard District Neighborhood

Estimated Value: $445,000 - $501,454

2 Beds
1 Bath
7,000 Sq Ft
$69/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $375,000 $54 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,792/month

28 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Shed
  • Juniper Elementary School Rated A-
  • Cottage
  • Tile Flooring

About This Home

As of October 2020

Great investment opportunity, 2-4-6 units, you do your math? RH-Residential High Density Zoning for multi units! 50 X 140 (7,000 sq.ft. lot) Plenty of room in the rear of the property for potential units or your redevelopment plan for more units! This home is in good condition and is currently renting for $1,500 per month with existing Lease expiring June 30, 2021.

Last Agent to Sell the Property

Louie Hoffman

John L Scott Bend Brokerage Phone: 541-317-0123 License #920300327 Listed on: 08/19/2020

John L Scott Bend

Last Buyer's Agent

Christin Hunter

Duke Warner Realty License #201207732

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,423

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • Triplex
  • Cottage
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Aluminum Window Frames
  • Territorial Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • No Garage
  • Alley Access
  • Gravel Driveway

Outdoor Features

  • Shed
  • Storage Shed

Schools

  • Juniper Elementary School
  • Pilot Butte Middle School
  • Bend Sr High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Wood

Community Details

  • No Home Owners Association
  • Wiestoria Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Legal Lot and Block 03702 / 11
  • Assessor Parcel Number 180259

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,423

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Architectural Style: Cottage/Bungalow
  • Directions: East on Olney off of 3rd Street. 2nd property past 4th Street on right.
  • Unit Levels: One
  • Lot Size Acres: 0.16
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Triplex
  • Road Frontage Type: Other
  • Road Surface Type: Paved
  • Subdivision Name: Wiestoria
  • Year Built: 1930
  • Attribution Contact: 541-317-0123
  • Co List Office Phone: 541-317-0123
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Juniper Elem
  • General Property Information Middle Or Junior School: Pilot Butte Middle
  • General Property Information High School: Bend Sr High
  • General Property Information:Zoning2: RH
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Documents CCRs: Yes
  • Location Tax and Legal:Tax Lot: 03702
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 11
  • Common Walls:No Common Walls: Yes
  • Flooring Laminate: Yes
  • Flooring:Tile: Yes
  • Levels:One: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Other Structures:Shed(s): Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Architectural Style CottageBungalow: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Other Structures:Storage: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Has Basement: None
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Interior Amenities: Primary Downstairs
  • Window Features: Aluminum Frames
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Builder Name: Unknown
  • Common Walls: No Common Walls
  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Lot Features: Level
  • Other Structures: Shed(s), Storage
  • Roof: Composition
  • View: Territorial
  • Lot Features:Level: Yes
  • Construction Materials:Frame: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

  • Parking Features: Alley Access, Driveway, Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Alley Access: Yes

Utilities

  • Cooling: None
  • Heating: Forced Air, Wood
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public, Water Meter
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Wood: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Gas Available

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Juniper Elem
  • High School: Bend Sr High
  • Middle Or Junior School: Pilot Butte Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 6969.6
  • Parcel #: 180259
  • ResoLotSizeUnits: Acres
  • Zoning Description: RH
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 1423.42
  • Tax Block: 11
  • Tax Lot: 03702
  • Tax Map Number: 171233BB
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Oct 21, 2020
Sold by
Cutshall James D and Cutshall Kristen D
Bought by
Manke Jordan
Seller's Agent
Louie Hoffman
John L Scott Bend
Buyer's Agent
Christin Hunter
Duke Warner Realty
List Price
$400,000
Sold Price
$375,000
Premium/Discount to List
-$25,000
-6.25%
Current Estimated Value
$478,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,724
Avg. Annual Appreciation
4.96%
Original Mortgage
$300,000
Outstanding Balance
$269,985
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$202,555

Purchase Details

Closed on
Aug 21, 2013
Sold by
Brodie Stanton M and Brodie Suzanne
Bought by
Cutshall James D and Cutshall Kristen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,289
Interest Rate
4.33%
Mortgage Type
VA

Purchase Details

Closed on
May 14, 2004
Sold by
Bodie Stanton M
Bought by
Brodie Stanton M and Brodie Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,200
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
May 7, 2004
Sold by
Stinson Marcela
Bought by
Brodie Stanton M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,200
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 26, 2004
Sold by
Stinson Joshua
Bought by
Stinson Marcela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,200
Interest Rate
5.62%
Mortgage Type
Unknown
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
Manke Jordan $375,000 First American Title
Cutshall James D $153,000 Western Title & Escrow
Brodie Stanton M -- First Amer Title Ins Co Or
Brodie Stanton M $131,500 First Amer Title Ins Co Or
Stinson Marcela -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manke Jordan $300,000
Previous Owner Custhall James D $20,000
Previous Owner Cutshall James D $156,289
Previous Owner Brodie Stanton M $105,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2020 10/27/20 Sold $375,000 -6.3% $54 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $400,000 -- $57 / 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
2024 $1,781 $106,390 -- --
2023 $1,651 $103,300 $0 $0
2022 $1,589 $97,380 $0 $0
2021 $1,543 $94,550 $0 $0
2020 $1,464 $94,550 $0 $0
2019 $1,423 $91,800 $0 $0
2018 $1,383 $89,130 $0 $0
2017 $1,343 $86,540 $0 $0
2016 $1,281 $84,020 $0 $0
2015 $1,245 $81,580 $0 $0
2014 $1,209 $79,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Louie Hoffman

    Seller's Agent in 2020

    Louie Hoffman

    John L Scott Bend

    (541) 480-8130

    4 in this area

    185 Total Sales

    Section Image
  • Christin Hunter

    Buyer's Agent in 2020

    Christin Hunter

    Duke Warner Realty

    (541) 306-0479

    2 in this area

    53 Total Sales

    Section Image
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Map

Source: Oregon Datashare

MLS Number: 220107217

Oregon Datashare

APN: 180259

Oregon Deschutes County Bend 97701 Orchard District

423 NE Olney Ave Unit 1, Bend, OR

This home is located at 423 NE Olney Ave Unit 1, Bend, OR 97701 since 19 August 2020 and is currently estimated at $481,364, approximately $68 per square foot. This property was built in 1930. 423 NE Olney Ave Unit 1 is a home located in Deschutes County with nearby schools including Juniper Elementary School, Pilot Butte Middle School, and Bend Senior High School.

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