NOT LISTED FOR SALE

466 Mendy St Brookings, OR 97415

Estimated Value: $581,626 - $659,000

8 Beds
4 Baths
1,754 Sq Ft
$354/Sq Ft Est. Value

Last Sold November 21, 2024

Last sale price $725,000 $413 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,506/month

261 Days on Market

Highlights

  • City View
  • No HOA
  • 4 Car Garage
  • 0.51 Acre Lot
  • Baseboard Heating
  • High Speed Internet

About This Home

As of November 2024

Two duplexes on one lot, 4 units total, within the Brookings city limits, located close to schools, parks, shopping and more. All units are one story, have dual pane vinyl windows, fenced back yards, washer & dryer hook ups and garages. Both buildings have fairly new roofs and have been well maintained. All four units are currently rented and tenants wish to stay after closing. There is sufficient room to build a shop, storage and/or play ground at the west end of the property. This is a rare investment opportunity in Brookings, Oregon.

Last Agent to Sell the Property

Leroy Blodgett

Eagle Two Realty License #201105098 Listed on: 02/08/2024

Last Buyer's Agent

Sara Jung

Century 21 Agate Realty/Gold License #201242103

Century 21 Agate Realty/Gold

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,157

Year Built

  • Built in 1978

Lot Details

  • 0.51 Acre Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Driveway

Property Views

  • City
  • Territorial

Home Design

  • Slab Foundation
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1-Story Property

Schools

  • Kalmiopsis Elementary School
  • Azalea Middle School
  • Brookings-Harbr High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number R10194

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $12,000
  • Gross Income $64,800
  • Net Operating Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,157

Year Built

Built in 1978

Lot Details

0.51 Acres

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1978
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 725000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Garage
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Gravel, Paved
  • Roof: Composition
  • View: City,Territorial

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kalmiopsis
  • High School: Brookings-Harbr
  • Middle Or Junior School: Azalea

Lot Info

  • Zoning: R2
  • Lot Size Acres: 0.51
  • Lot Size Sq Ft: 22215.0
  • Parcel #: R10194

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3157.41
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 11.96
  • Annual Gross Income: 64800.0
  • Property Net Operating Income: 52800.0
  • Annual Operating Expense: 12000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Nov 5, 2024
Sold by
Manley Family Revocable Declaration Of T and Manley Laurie
Bought by
Merino Michael and Merino Mika
Seller's Agent
Leroy Blodgett
Eagle Two Realty
Buyer's Agent
Sara Jung
Century 21 Agate Realty/Gold
List Price
$775,000
Sold Price
$725,000
Premium/Discount to List
-$50,000
-6.45%
Views
80
Current Estimated Value
$620,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$104,687
Avg. Annual Appreciation
-11.14%

Purchase Details

Closed on
Oct 27, 2021
Sold by
Buss Deborah C and Bergstedt Alan J
Bought by
Manley Laurie and Manley Family Rev Declaration
Source: Public Records
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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
Merino Michael $725,000 Amerititle
Merino Michael $725,000 Amerititle
Manley Laurie $627,500 Amerititle
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2024 11/21/24 Sold $725,000 -6.5% $413 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $775,000 0.0% $442 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $775,000 -- $442 / 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
2025 $3,350 $354,350 -- --
2024 $3,252 $344,030 -- --
2023 $3,157 $334,010 $0 $0
2022 $3,066 $324,290 -- --
2021 $2,976 $314,850 $0 $0
2020 $3,072 $305,680 $0 $0
2019 $2,821 $296,780 $0 $0
2018 $2,942 $288,140 $0 $0
2017 $2,833 $288,140 $0 $0
2016 $2,712 $266,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24548181

Regional Multiple Listing Service (RMLS)

APN: R10194

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