$340,000
SOLD JUL 31, 2019

42746 Port Orford Loop Rd Port Orford, OR 97465

7 Beds
8 Baths
1,371 Sq Ft
2.51 Acres

Recently Sold

$248 Per Sq Ft

6% Below List Price

1,220 Days on Market

Highlights

  • Views
  • Level Lot
  • Wood Siding
  • Landscaped with Trees

About This Home

As of July 2019

ESTABLISHED RENTAL INCOME AND SO MUCH POTENTIAL! Silver Springs rentals include a house, cabins and duplexes, all on 2.51 park-like acres. Only one more unit to finish remodeling. A great rental income with long term tenants. A newer septic system and great well keep the overhead low. Plenty of potential to customize and make this gem your own! Call for an appointment today!

Last Agent to Sell the Property

Sandra Anderson

Siskiyou Coast Realty License #910300302 Listed on: 02/24/2016

Last Buyer's Agent

Kim Nye

Siskiyou Coast Realty License #201220185

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,063

Year Built

  • Built in 1942

Lot Details

  • Level Lot
  • Landscaped with Trees

Parking

  • Open Parking

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Range
  • Property Views

Community Details

  • 8 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,063

Year Built

Built in 1942

Lot Details

0

Parking

10

Listing Details

  • Property Category: MultiFamily
  • Stories: 2
  • Year Built: 1942
  • Year Built Description: Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Block
  • Legal Description: ACRES 2.51
  • Storage: Individual Storage Units

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 1 to 2.99 Acres
  • Roof Type: Metal
  • View: Park/Greenbelt, Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 10
  • Parking Description: Open

Utilities

  • Fuel Description: Electricity
  • Sewer: Septic Tank
  • Water Description: Well
  • Heating Description: Wall Furnace
  • Utilities Included: Electricity

Condo/Co-op/Association

  • Common Amenities: Commons
  • Unit Features: Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Driftwood
  • Middle School: Driftwood
  • High School: Pacific

Lot Info

  • Lot Description: Commons, Corner, Level, Trees
  • Zoning: R2

Tax Info

  • Tax Amount: 2353.56
  • Assessor Parcel Number: R17007

Multi Family

  • Unit Type: 1, 2, 3, 4, 5, 6, 7, 8
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 10.56

MLS Schools

  • Elementary School: Driftwood
  • High School: Pacific
  • Middle School: Driftwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2016
Closed on
Jul 29, 2019
Sold by
Bishop John W
Bought by
Jones Steven
Seller's Agent
Sandra Anderson
Siskiyou Coast Realty
Buyer's Agent
Kim Nye
Siskiyou Coast Realty
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%
Current Estimated Value
$546,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,098
Avg. Annual Appreciation
7.25%
Original Mortgage
$80,000
Outstanding Balance
$71,395
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$444,603

Purchase Details

Closed on
Jun 8, 2007
Sold by
Emerald Springs Llc
Bought by
Bishop John W and Bonser Bishop Heather L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,902
Interest Rate
6.16%
Mortgage Type
Unknown
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 Type Sale Price Title Company
Warranty Deed $340,000 --
Bargain Sale Deed -- Curry County Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $80,000 Purchase Money Mortgage
Previous Owner $225,902 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2019 07/31/19 Sold $340,000 -5.6% $248 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
02/24/2016 02/24/16 For Sale $360,000 -- $263 / 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 $3,063 $325,250 -- --
2023 $2,981 $315,780 $0 $0
2022 $2,875 $303,610 $0 $0
2021 $2,801 $294,770 $0 $0
2020 $2,591 $271,590 $0 $0
2019 $2,636 $263,680 $0 $0
2018 $2,565 $256,000 $0 $0
2017 $2,511 $256,000 $0 $0
2016 $2,447 $248,550 $0 $0
2015 $2,191 $234,620 $0 $0
2014 $2,191 $231,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16518748

Regional Multiple Listing Service (RMLS)

APN: R17007