NOT LISTED FOR SALE

477 Broadway St Woodburn, OR 97071

Estimated Value: $560,000 - $580,000

8 Beds
4 Baths
2,736 Sq Ft
$208/Sq Ft Est. Value

Last Sold January 18, 2022

Last sale price $475,000 $174 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,323/month

Highlights

  • Attached Garage
  • Level Lot
  • 1-Story Property
  • Double Pane Windows
  • Lap Siding

About This Home

As of January 2022

Great investment opportunity in growing Woodburn! 4 Unit one level complex (two buildings) with common coin operated/owned laundry. Each unit has 2 bedrooms, 1 bath/shower combo, living room and kitchen. Sewer/Water/Trash included in rent. New exterior paint, exterior lighting, new gravel for parking lots, Roof treated, and new fence installed. It has been a solid income producing property! Interior inspection is subject to accepted offer only. Please do not disturb long tenured tenants.

Last Agent to Sell the Property

R. GREG KESSINGER

John L. Scott License #201216390 Listed on: 10/07/2021

John L. Scott

Last Buyer's Agent

Jason Kennedy

RE/MAX Equity Group License #200501139

RE/MAX Equity Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,823

Year Built

  • Built in 1973 | Remodeled

Lot Details

  • Level Lot

Parking

  • Attached Garage

Home Design

  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation
  • Wood Composite

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Crawl Space
  • Security Lights
  • Range

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,823

Year Built

Built in 1973 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2736
  • Stories: 1
  • Year Built: 1973
  • Property Condition: Updated/Remodeled
  • Remarks Public: Great investment opportunity in growing Woodburn! 4 Unit one level complex (two buildings) with common coin operated/owned laundry. Each unit has 2 bedrooms, 1 bath/shower combo, living room and kitchen. Sewer/Water/Trash included in rent. New exterior paint, exterior lighting, new gravel for parking lots, Roof treated, and new fence installed. It has been a solid income producing property! Interior inspection is subject to accepted offer only. Please do not disturb long tenured tenants.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: WOODBURN PACKING COMPANY ADDITION, BLOCK 2, LOT 7 & 8, ACRES 0.23
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Lap Siding, Cement Siding, Wood Composite
  • Lot Size: 10K-14,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Attached

Utilities

  • Energy Efficiency Features: Double Pane Windows
  • Fuel Description: Gas
  • Hot Water: Gas
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Forced Air
  • Security: Security Lights

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Common Amenities: Laundry
  • Unit Features: Range, Refrigerator

Schools

  • Elementary School: Heritage
  • Middle School: Valor
  • High School: Woodburn

Lot Info

  • Lot Description: Level
  • Zoning: RM
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: Yes

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 3388.97
  • Assessor Parcel Number: R109033
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.53

MLS Schools

  • Elementary School: Heritage
  • High School: Woodburn
  • Middle School: Valor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2024
Sold by
Rivas Herme and Rivas Herme H
Bought by
Tg 1St Llc
Current Estimated Value
$568,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$953,250
Outstanding Balance
$942,941
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
-$374,608

Purchase Details

Listed on
Oct 7, 2021
Closed on
Dec 23, 2021
Sold by
Walker Rentals Llc
Bought by
Rivas Herme
Seller's Agent
R. GREG KESSINGER
John L. Scott
Buyer's Agent
Jason Kennedy
RE/MAX Equity Group
List Price
$459,900
Sold Price
$475,000
Premium/Discount to List
$15,100
3.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%
Original Mortgage
$356,250
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2017
Sold by
Clark Margaret A and Walker William J
Bought by
Walker Rentals Llc
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
Tg 1St Llc -- None Listed On Document
Rivas Herme $475,000 Chicago Title
Rivas Herme $475,000 Chicago Title
Walker Rentals Llc -- None Available
Clark Margaret A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tg 1St Llc $953,250
Previous Owner Rivas Herme $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2022 01/18/22 Sold $475,000 +3.3% $174 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $459,900 -- $168 / 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 $3,823 $198,240 -- --
2023 $3,799 $192,470 $0 $0
2022 $3,598 $186,870 $0 $0
2021 $3,493 $181,430 $0 $0
2020 $3,494 $176,150 $0 $0
2019 $3,397 $171,020 $0 $0
2018 $3,227 $0 $0 $0
2017 $3,132 $0 $0 $0
2016 $3,039 $0 $0 $0
2015 $2,948 $0 $0 $0
2014 $2,803 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21418774

Regional Multiple Listing Service (RMLS)

APN: 109033