$595,000
SOLD OCT 13, 2022
-- Bed
-- Bath
2,098 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$284 Per Sq Ft

12% Below List Price

37 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • Double Pane Windows
  • Walker Elementary School Rated 10
  • No HOA
  • 3-minute walk to Tub Springs State Park

About This Home

As of October 2022

Amazing investment opportunity in the heart of the historic Railroad District. This property consists of three units- each with 1 bedroom and 1 bathroom and all are around 700 square feet. The front units are a duplex with side by side units both renting for $1,075/month, creating efficient and easy to maintain rentals. The back unit is a stand alone cottage with alley access and a dedicated parking space renting for $1,250/month. Situated in an ideal location just a block and a half to downtown, close to Noble Coffee, the Ashland Food Co-op and the bike path. With a 5% cap rate, great rental history and a highly sought after location opportunities like this don't come around often!

Last Agent to Sell the Property

Mark Philhower

Full Circle Real Estate Brokerage Phone: 541-951-8908 License #200402274 Listed on: 08/10/2022

Co-Listed By

Eric Poole

Full Circle Real Estate Brokerage Phone: 541-951-8908 License #200212183

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

  • $3,541

Year Built

  • Built in 1948

Lot Details

  • 3,049 Sq Ft Lot
  • No Common Walls
  • 1 Common Wall
  • Level Lot

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Triplex
  • Traditional Architecture
  • Cottage
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Bathtub with Shower
  • 2-Story Property
  • Double Pane Windows

Kitchen

  • Range
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • No Garage
  • Alley Access
  • Gravel Driveway
  • On-Street Parking

Outdoor Features

  • Patio

Schools

  • Ashland Middle School
  • Ashland High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Baseboard Heating
  • Water Heater

Listing and Financial Details

  • Exclusions: microwaves, tenants personal property
  • Tax Lot 7800
  • Assessor Parcel Number 1-0065061

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $40,800
  • Net Operating Income $34,191

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,541

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Architectural Style: Cottage/Bungalow, Traditional
  • Directions: E. Main St to 3rd St, Right on C St, property is on the left between 3rd St and 4th St.
  • Unit Levels: One, Two
  • Lot Size Acres: 0.07
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Triplex
  • Road Frontage Type: Shared Access
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Year Built: 1948
  • Attribution Contact: 541-951-8908
  • Total Gross Income: 40800.0
  • Co List Office Mls Id: orFCRE
  • Co List Office Phone: 541-482-6868
  • Co List Office Phone: 541-482-6868
  • Outside Inclusions: 3 Refrigerators, 3 range/ovens
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Check with District
  • General Property Information Middle Or Junior School: Ashland Middle
  • General Property Information High School: Ashland High
  • General Property Information:Zoning2: R-2
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Neighborhood: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 7800
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Common Walls:No Common Walls: Yes
  • Flooring Laminate: Yes
  • Levels:One: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style Traditional: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • View:Mountain(s): Yes
  • Architectural Style CottageBungalow: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Common Walls 1 Common Wall: Yes
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator, Water Heater
  • Has Basement: None
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Laminate Counters, Shower/Tub Combo
  • Window Features: Double Pane Windows
  • Appliances Range: Yes
  • Interior Features:Laminate Counters: Yes
  • Interior Features ShowerTub Combo: Yes

Exterior Features

  • Common Walls: 1 Common Wall, No Common Walls
  • Construction Type: Block, Frame
  • Exterior Features: Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Level
  • Roof: Composition
  • View: Mountain(s), Neighborhood
  • Exclusions: microwaves, tenants personal property
  • Lot Features:Level: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Block: Yes
  • Window Features:Double Pane Windows: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Parking Features: Alley Access, Gravel, No Garage, On Street
  • Attached Garage: No
  • Parking Features:Gravel: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Alley Access: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Electric, Natural Gas, Wall Furnace
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Electric2: Yes
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Check with District
  • High School: Ashland High
  • Middle Or Junior School: Ashland Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 3049.2
  • Parcel #: 1-0065061
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 34191.0
  • Annual Operating Expense: 6069.0

Tax Info

  • Tax Annual Amount: 3540.94
  • Tax Lot: 7800
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2022
Closed on
Oct 13, 2022
Sold by
A & G Howe Property Management Llc
Bought by
Deluca Revocable Trust
Seller's Agent
Mark Philhower
Full Circle Real Estate
Buyer's Agent
Jim North
John L. Scott Medford
List Price
$680,000
Sold Price
$595,000
Premium/Discount to List
-$85,000
-12.5%
Views
54
Current Estimated Value
$550,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,125
Avg. Annual Appreciation
-1.65%

Purchase Details

Closed on
Sep 3, 2020
Sold by
Howe Gregg and Howe Anna
Bought by
A & G Howe Proproerty Management Llc

Purchase Details

Listed on
May 27, 2015
Closed on
Sep 15, 2015
Sold by
Howe Gregg and Howe Anna G
Bought by
Howe Gregg and Howe Anna
Seller's Agent
Greg Goebelt
John L. Scott Ashland
Buyer's Agent
Mark Philhower
Full Circle Real Estate
List Price
$400,000
Sold Price
$370,000
Premium/Discount to List
-$30,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.33%
Original Mortgage
$259,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 27, 2015
Closed on
Aug 13, 2015
Sold by
Copilow Sidney and Sidney Copilow Rev Trust
Bought by
Howe Gregg and Howe Anna G
Seller's Agent
Greg Goebelt
John L. Scott Ashland
Buyer's Agent
Mark Philhower
Full Circle Real Estate
List Price
$400,000
Sold Price
$370,000
Premium/Discount to List
-$30,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2012
Sold by
Copilow Sidney
Bought by
Copilow Sidney and Ireland Gary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,500
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2012
Sold by
Copilow Sidney and Ireland Gary W
Bought by
Copilow Sidney and Sidney Copilow Rev Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,500
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2008
Sold by
Ireland Gary W and Zarlengo Elizabeth A
Bought by
Ireland Gary W and Zarlengo Elizabeth A

Purchase Details

Closed on
Apr 8, 2008
Sold by
Copilow Sidney A and Ireland Gary W
Bought by
Copilow Sidney and Sidney Copilow Rev Trust

Purchase Details

Closed on
Dec 30, 2002
Sold by
C & I Enterprises
Bought by
Copilow Sidney and Ireland Gary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,700
Interest Rate
6.06%
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 Type Sale Price Title Company
Warranty Deed $595,000 Amerititle
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Accommodation
Warranty Deed $370,000 First American
Interfamily Deed Transfer -- First American
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Lawyers Title Ins
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Lawyers Title Ins
Bargain Sale Deed -- Amerititle
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $259,000 New Conventional
Previous Owner $174,500 New Conventional
Previous Owner $77,700 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2022 10/13/22 Sold $595,000 -8.5% $284 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
09/03/2022 09/03/22 Price Changed $650,000 -4.4% $310 / Sq Ft
08/10/2022 08/10/22 For Sale $680,000 +83.8% $324 / Sq Ft
09/09/2015 09/09/15 Sold $370,000 -7.5% $524 / Sq Ft
07/21/2015 07/21/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $400,000 -- $567 / Sq Ft
Source: Oregon Datashare

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
2025 $3,915 $252,500 $110,460 $142,040
2024 $3,915 $245,150 $107,240 $137,910
2023 $3,787 $238,010 $104,120 $133,890
2022 $3,666 $238,010 $104,120 $133,890
2021 $3,541 $231,080 $101,090 $129,990
2020 $3,442 $224,350 $98,140 $126,210
2019 $3,387 $211,480 $92,520 $118,960
2018 $3,200 $205,330 $89,840 $115,490
2017 $3,177 $205,330 $89,840 $115,490
2016 $3,094 $193,550 $84,680 $108,870
2015 $2,974 $193,550 $84,680 $108,870
2014 $2,878 $182,450 $79,820 $102,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220151759

Oregon Datashare

APN: 10065061