NOT LISTED FOR SALE

Estimated Value: $425,000 - $706,000

2 Beds
1 Bath
956 Sq Ft
$611/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $475,000 $497 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,413/month

95 Days on Market

Highlights

  • Zoned Heating
  • High Speed Internet
  • Wood Siding
  • Adams Elementary School Rated A-
  • Level Lot

About This Home

As of February 2024

2 houses on the same tax lot in the heart of Eugene! Long-term rentals which could also make an excellent owner-occupied, house-hacking, opportunity for the right Buyer. New middle-housing code could allow for the creation of more units as well. Leases in place make this an investment opportunity that could cash flow immediately. Additional studio unit attached to main house. Rear house, on Lawrence alley, has 2 garages that can be used for additional storage. Management in place.

Last Agent to Sell the Property

Brent Cole

Triple Oaks Realty LLC Brokerage Phone: 541-556-5093 License #200607178 Listed on: 11/01/2023

Last Buyer's Agent

Jon Eschrich

Triple Oaks Realty LLC License #200504548

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,679

Year Built

  • Built in 1900 | Remodeled

Lot Details

  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Paved Parking
  • Assigned Parking

Schools

  • Adams Elementary School
  • Roosevelt Middle School
  • South Eugene High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 0270296

Community Details

Overview

  • 2 Units
  • Jefferson Westside Neighbors Subdivision
  • Property managed by Northwoods PM

Building Details

  • Operating Expense $7,472
  • Gross Income $33,960
  • Net Operating Income $26,488

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,679

Year Built

Built in 1900 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1900
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached,Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Concrete
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Northwoods PM

Schools

  • Elementary School: Adams
  • High School: South Eugene
  • Middle Or Junior School: Roosevelt

Lot Info

  • Zoning: R2
  • Parcel #: 0270296

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 3678.98

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.05
  • Annual Gross Income: 33960.0
  • Property Net Operating Income: 26488.0
  • Annual Operating Expense: 7472.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Colesch Investments Llc
Bought by
Benavides Allan and Benavides Caitlin
Current Estimated Value
$583,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,096
Interest Rate
6.35%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 1, 2023
Closed on
Feb 15, 2024
Sold by
Iverson Investments 458 Llc
Bought by
Colesch Investments Llc
Seller's Agent
Brent Cole
Triple Oaks Realty LLC
Buyer's Agent
Jon Eschrich
Triple Oaks Realty LLC
List Price
$545,000
Sold Price
$475,000
Premium/Discount to List
-$70,000
-12.84%
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.15%
Original Mortgage
$300,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2017
Sold by
Iverson Jordan C and Iverson Shelly R
Bought by
Iverson Investments 458 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2017
Sold by
Iverson Investments 458 Llc
Bought by
Iverson Jordan C and Iverson Shelly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2013
Sold by
Iverson Jordan C and Iverson Shelly R
Bought by
Iverson Investments 458 Llc

Purchase Details

Closed on
Apr 20, 2000
Sold by
Iverson Margaret A
Bought by
Iverson Jordan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,400
Interest Rate
8.34%

Purchase Details

Closed on
Mar 23, 2000
Sold by
Iverson Boyd
Bought by
Iverson Jordan C and Iverson Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,400
Interest Rate
8.34%

Purchase Details

Closed on
Feb 23, 1999
Sold by
Williams Carl L and Scott Helen L
Bought by
Iverson Boyd
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
Benavides Allan $725,000 Cascade Title
Colesch Investments Llc $475,000 Cascade Title
Iverson Investments 458 Llc -- Accommodation
Iverson Jordan C -- Evergreen Land Title Co
Iverson Investments 458 Llc -- Evergreen Land Title Co
Iverson Jordan C -- Key Title Company
Iverson Jordan C $193,000 Key Title Company
Iverson Boyd $102,000 Western Pioneer Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Benavides Allan $526,096
Previous Owner Colesch Investments Llc $300,000
Previous Owner Iverson Jordan C $120,250
Previous Owner Iverson Jordan C $154,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2024 02/16/24 Sold $475,000 -12.8% $497 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
12/28/2023 12/28/23 For Sale $545,000 0.0% $570 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
11/13/2023 11/13/23 Price Changed $545,000 -5.2% $570 / Sq Ft
11/01/2023 11/01/23 For Sale $575,000 -- $601 / 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 $3,927 $198,151 -- --
2023 $3,927 $192,380 $0 $0
2022 $3,679 $186,777 $0 $0
2021 $3,455 $181,337 $0 $0
2020 $3,468 $176,056 $0 $0
2019 $3,349 $170,929 $0 $0
2018 $3,152 $161,117 $0 $0
2017 $3,011 $161,117 $0 $0
2016 $2,937 $156,424 $0 $0
2015 $2,852 $151,868 $0 $0
2014 $2,795 $147,445 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23642073

Regional Multiple Listing Service (RMLS)

APN: 0270296