$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 Listed on: 07/19/2024

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Aug 30, 2024
Sold by
Randy And Randie J Wolfs Joint Revocable and Wolfs Randy
Bought by
Hermsdorf Lavinia M and Hermsdorf Georgina E
Seller's Agent
Jason Mann
J Mann Realty
Buyer's Agent
Rachel Estrada
Oregon Life Homes
List Price
$299,899
Sold Price
$280,000
Premium/Discount to List
-$19,899
-6.64%
Total Days on Market
4
Views
4
Current Estimated Value
$263,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,000
Avg. Annual Appreciation
-7.72%
Original Mortgage
$136,000
Outstanding Balance
$135,171
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$127,829

Purchase Details

Listed on
Apr 28, 2014
Closed on
Oct 8, 2014
Sold by
Denham Rick
Bought by
Wolfs Randy and Wolfs Randi
Seller's Agent
J.T. Berk
Berkshire Hathaway HomeServices Real Estate Professionals
Buyer's Agent
Vincent Lytsell
Hoff's Frontier Real Estate
List Price
$89,900
Sold Price
$70,000
Premium/Discount to List
-$19,900
-22.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%

Purchase Details

Closed on
May 23, 2005
Sold by
Hoffman Barbara E
Bought by
Denham Rick
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 $280,000 Western Title
Warranty Deed $70,000 First American Title
Warranty Deed $79,900 Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $136,000 New Conventional
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 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 $1,250 $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

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24419291

Regional Multiple Listing Service (RMLS)

APN: R25326