$280,000
SOLD SEP 4, 2024

451 E 3rd Ave Riddle, OR 97469

-- Bed
-- Bath
1,152 Sq Ft
7,840 Sq Ft Lot

Recently Sold

$243 Per Sq Ft

7% Below List Price

4 Days on Market

Highlights

  • Mountain View
  • Washer and Dryer
  • Level Lot
  • Storage
  • High Speed Internet
  • No Heating

About This Home

As of September 2024

Prime investment opportunity! This cute duplex and vacant parcel are located in a quiet neighborhood near schools, community center and post office. Each unit features 2 bedroom, 1 bath, a carport and washer/dryer hookups. This well-maintained property has an impressive rental history. The adjacent lot is zoned R2 and buildable for additional income. List of all repairs and work on file. Call for you private showing today!

Last Agent to Sell the Property

Jason Mann

J Mann Realty License #201209169

Last Buyer's Agent

Rachel Estrada

Oregon Life Homes License #201240344

Oregon Life Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,214

Year Built

  • Built in 1955

Lot Details

  • 7,840 Sq Ft Lot
  • Level Lot

Property Views

  • Mountain
  • Territorial

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1-Story Property
  • Storage
  • Washer and Dryer

Parking

  • Carport
  • Off-Street Parking

Schools

  • Riddle Middle School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number R25326

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $900
  • Gross Income $19,800
  • Net Operating Income $18,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,214

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1955
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Attached
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Mountain,Territorial

Garage/Parking

  • Parking Description: Carport, OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Middle Or Junior School: Riddle

Lot Info

  • Zoning: R2
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840.0
  • Parcel #: R25326
  • Assessor Parcel Number 2: R25334

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 1213.54

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 15.15
  • Annual Gross Income: 19800.0
  • Property Net Operating Income: 18900.0
  • Annual Operating Expense: 900.0

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2024 09/04/24 Sold $280,000 0.0% $243 / Sq Ft
09/04/2024 09/04/24 Sold $280,000 -6.6% $243 / Sq Ft
07/23/2024 07/23/24 Pending -- -- --
07/23/2024 07/23/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $299,899 +13.2% $260 / Sq Ft
05/24/2024 05/24/24 For Sale $265,000 +278.6% $230 / Sq Ft
10/10/2014 10/10/14 Sold $70,000 -22.1% $61 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $89,900 -- $78 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $1,250 $84,383 -- --
2023 $1,214 $81,926 $0 $0
2022 $1,127 $79,540 $0 $0
2021 $1,127 $79,540 $0 $0
2020 $1,115 $78,249 $0 $0
2019 $1,125 $75,970 $0 $0
2018 $1,093 $73,758 $0 $0
2017 $1,035 $71,610 $0 $0
2016 $985 $69,525 $0 $0
2015 $956 $67,500 $0 $0
2014 $952 $67,089 $0 $0
2013 -- $65,135 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $136,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $280,000 Western Title
Warranty Deed $70,000 First American Title
Warranty Deed $79,900 Ticor Title
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24419291

Regional Multiple Listing Service (RMLS)

APN: R25326