NOT LISTED FOR SALE

450 Alder St Central Point, OR 97502

Studio
-- Bath
19,200 Sq Ft
0.7 Acre Lot

Sale Details

Date Sold: September 9, 2021

Last sale price $2,900,000 $151 Per Sq Ft

13 Days on Market

Highlights

  • Open Floorplan
  • Engineered Wood Flooring
  • Outdoor Water Feature
  • Deck
  • Corner Lot
  • 4-minute walk to Community Park

About This Home

As of September 2021

Alder Creek Estates is located close to downtown Central Point. 18 units 2 bed 1 bath and 2 are 3 bed 1 bath. There are two outbuildings. On-site laundry, common area and low maintenance. Alley access parking. Many long term tenants. 100% occupancy rates. Property is well maintaned.

Last Agent to Sell the Property

Joe Suste

Real Estate For You License #970700062 Listed on: 04/23/2021

Last Buyer's Agent

Jim North

John L. Scott Medford License #200310092

John L. Scott Medford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,548

Year Built

  • Built in 1973

Lot Details

  • 30,492 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer

Home Design

  • Pillar, Post or Pier Foundation
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Bathtub with Shower
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Aluminum Window Frames
  • Neighborhood Views

Kitchen

  • Range
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Home Security

  • Smart Locks
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Alley Access
  • Paver Block
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Courtyard
  • Deck
  • Patio
  • Outdoor Water Feature
  • Shed

Location

  • Easements include utilities

Schools

  • Central Point Elementary School
  • Scenic Middle School
  • Crater High School

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 3100
  • Assessor Parcel Number 1-014571-4

Community Details

Overview

  • No Home Owners Association
  • 20 Units
  • Alder Creek Phase No 2Aplanned Community Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $220,976
  • Net Operating Income $180,384

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,548

Year Built

Built in 1973

Lot Details

0.7 Acres

Listing Details

  • Architectural Style: Other
  • Directions: Pine Street to Fifth then South on Alder
  • Unit Levels: Two
  • Lot Size Acres: 0.7
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Multi Family
  • Road Surface Type: Gravel, Paved
  • Subdivision Name: Alder Creek Phase No 2APlanned Community
  • Year Built: 1973
  • Total Gross Income: 220976.0
  • Co List Office Phone: 541-535-3800
  • Outside Inclusions: 20 rang/oven, 20 refrigerators
  • MLS Status: Closed
  • General Property Information Audio Surveillance on Premises YN: No
  • Additional Features:Additional Features: Laundry Facility, Separate Electric Meters, Bus Service or Stop, Common Area
  • Patio and Porch Features:Patio and Porch Features: Deck, Patio
  • Easements:Easements: Utilities
  • Flood:Flood: Unknown
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Has Basement: None
  • Fireplace Features: Wood Burning
  • Flooring: Carpet, Laminate, Simulated Wood, Tile, Vinyl
  • Interior Amenities: Ceiling Fan(s), Laminate Counters, Open Floorplan, Smart Lock(s), Shower/Tub Combo
  • Window Features: Aluminum Frames, Double Pane Windows
  • Fireplace: Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Exterior Features: Courtyard
  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier, Stemwall
  • Lot Features: Corner Lot, Fenced, Level, Landscaped, Sprinklers In Front, Sprinkler Timer(s), Water Feature
  • Other Structures: Shed(s), Storage
  • Roof: Composition
  • View: Neighborhood
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Alley Access, Asphalt, On Street, Paver Block, Parking Lot
  • Attached Garage: No

Utilities

  • Cooling: Other
  • Heating: Electric, Forced Air
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Central Point Elem
  • High School: Crater High
  • Middle Or Junior School: Scenic Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 30492.0
  • Parcel #: 1-014571-4
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-3

Multi Family

  • Number Of Units Total: 20
  • Net Operating Income: 180384.0
  • Annual Operating Expense: 40592.0

Tax Info

  • Tax Annual Amount: 16548.0
  • Tax Lot: 3100
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
Sep 8, 2021
Sold by
Bought by
Seller's Agent
Joe Suste
Real Estate For You
Buyer's Agent
Jim North
John L. Scott Medford
List Price
$2,950,000
Sold Price
$2,900,000
Premium/Discount to List
-$50,000
-1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,175,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
0.0636%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
0.0636%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
0.066%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,900,000 Amerititle
-- First American Title Insuran
$1,100,000 Ticor Title
$825,000 Jackson County Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,175,000
Previous Owner $850,000
Previous Owner $622,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/09/2021 09/09/21 Sold $2,900,000 -1.7% $151 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $2,950,000 -- $154 / Sq Ft
Source: Oregon Datashare

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $19,032 $1,150,090
2025 $18,564 $1,116,600 $164,640 $951,960
2024 $18,564 $1,084,080 $159,840 $924,240
2023 $17,967 $1,052,510 $155,180 $897,330
2022 $17,547 $1,052,510 $155,180 $897,330
2021 $17,046 $1,021,860 $150,660 $871,200
2020 $16,548 $992,100 $146,270 $845,830
2019 $16,140 $935,160 $137,870 $797,290
2018 $15,648 $907,930 $133,850 $774,080
2017 $15,255 $907,930 $133,850 $774,080
2016 $14,809 $855,820 $126,150 $729,670
2015 $14,189 $855,820 $126,150 $729,670
2014 $13,828 $806,700 $118,910 $687,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220121005

Oregon Datashare
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