NOT LISTED FOR SALE

50 Dion Ct Unit 1-4 Shady Cove, OR 97539

Estimated Value: $482,000 - $654,000

10 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold May 03, 2016

Last sale price $270,000

Est. 113% increase in value since last sale

Current estimated payment $3,338/month

46 Days on Market

About This Home

As of May 2016

Opportunity is knocking! Rare fourplex with 2 lower units and 2 upper units. Even more rare, the units are 3/2, and 2/2. Each floor has a 2/2 with over 920 sqft, and a 3/2, with over 1000 sqft. All units have laundry in the home, a generous living room, and lockable storage closet on back porch. Lower units have good sized, fully fenced backyards, while upper units have a balcony. You will not find another fourplex (or other multifamily) with this square footage! HOA is approx $90 for the entire unit, which includes landscaping, pool maintenance, trash and water. Vacancy in the entire complex (of 7 units) is nearly zero! Located in a town known for its gorgeous river, and multitude of outdoor activities. Buyer to perform due diligence. Information provided herein about property, and HOA is to be verified by the Buyer. Seller and Listing Agent not to be accountable for lack of due diligence.

Last Agent to Sell the Property

Elle Powell

RE/MAX Integrity License #201207355 Listed on: 01/28/2016

RE/MAX Integrity

Last Buyer's Agent

Marc Slavit

eXp Realty, LLC License #200105121

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,826

Year Built

  • Built in 1995

Lot Details

  • 0.25

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof

Additional Features

  • 2-Story Property
  • 0.25 Acre Lot
  • Well

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 10857249

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,826

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Directions: North on Hwy 62, turn Left onto Hudspeth Ln (on the Northern side of Shady Cove). Turn Left onto Erickson Ave, and Left into complex. Property is in the middle, far left.
  • Unit Levels: Two
  • Lot Size Acres: 0.25
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1995
  • Co List Office Phone: 541-770-3325
  • MLS Status: Closed
  • General Property Information:Zoning2: R3
  • Sewer:Public Sewer: Yes
  • Water Source:Well: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Special Listing Conditions:Real Estate Owned: Yes
  • Special Features: RealEstateOwned

Exterior Features

  • Construction Type: Frame
  • Roof: Composition
  • Construction Materials:Frame: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Amenities: Pool
  • Association: Yes

Association/Amenities

  • Association Amenities:Pool: Yes

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 10857249
  • ResoLotSizeUnits: Acres
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2826.47
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2021
Sold by
Mfit Llc
Bought by
Heritage Properties Llc
Current Estimated Value
$576,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,000
Outstanding Balance
$369,430
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$206,903

Purchase Details

Closed on
Jul 14, 2016
Sold by
Mekeel Michael Johannes
Bought by
Mftt Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 28, 2016
Closed on
Apr 12, 2016
Sold by
U S Bank National Association
Bought by
Mekeel Michael Johannes
Seller's Agent
Elle Powell
RE/MAX Integrity
Buyer's Agent
Marc Slavit
eXp Realty, LLC
List Price
$306,000
Sold Price
$270,000
Premium/Discount to List
-$36,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%

Purchase Details

Closed on
Nov 25, 2015
Sold by
Miller Minerva B
Bought by
U S Bank National Association

Purchase Details

Closed on
Feb 15, 2007
Sold by
Miller Michael B
Bought by
Miller Minerva B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,200
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2003
Sold by
Miller Michael B
Bought by
Miller Michael B and Miller Dion H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,700
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2003
Sold by
Inciong Maria Lourdes V and Vilar Jennifer B
Bought by
Miller Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,700
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 1999
Sold by
Vilar Milagros B and Inciong Maria Lourdes V
Bought by
Inciong Maria Lourdes V and Vilar Jennifer B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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 Buyer Sale Price Title Company
Heritage Properties Llc -- First American
Mftt Llc -- First American Title
Mekeel Michael Johannes $270,000 Real Advantage Llc
U S Bank National Association $310,000 None Available
Miller Minerva B -- Lawyers Title Ins
Miller Michael B -- Lawyers Title Insurance Corp
Miller Michael B $186,370 Jackson County Title
Inciong Maria Lourdes V -- Key Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heritage Properties Llc $406,000
Previous Owner Mftt Llc $202,500
Previous Owner Miller Minerva B $291,200
Previous Owner Miller Michael B $167,700
Previous Owner Inciong Maria Lourdes V $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2016 05/03/16 Sold $270,000 -11.8% --
03/14/2016 03/14/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $306,000 -- --
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 $3,706 $316,240 $67,850 $248,390
2024 $3,706 $307,030 $65,870 $241,160
2023 $3,578 $298,090 $63,950 $234,140
2022 $3,481 $298,090 $63,950 $234,140
2021 $3,378 $289,410 $62,090 $227,320
2020 $3,640 $280,990 $60,280 $220,710
2019 $3,592 $264,870 $56,820 $208,050
2018 $3,573 $257,160 $55,170 $201,990
2017 $3,264 $257,160 $55,170 $201,990
2016 $3,155 $242,400 $52,000 $190,400
2015 $2,826 $223,560 $44,690 $178,870
2014 $2,764 $222,840 $43,400 $179,440
Source: Public Records

Agents Affiliated with this Home

  • Elle Powell

    Seller's Agent in 2016

    Elle Powell

    RE/MAX

    (541) 690-9913

    2 in this area

    113 Total Sales

    Elle Powell
    Section Image

  • M

    Buyer's Agent in 2016

    Marc Slavit

    eXp Realty, LLC

    (541) 890-6724

    65 Total Sales

    Marc Slavit
    Section Image
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Map

Source: Oregon Datashare

MLS Number: 102962240

Oregon Datashare

APN: 10857249

Oregon Jackson County Shady Cove 97539

50 Dion Ct Unit 1-4, Shady Cove, OR

Not Listed for Sale

MultiFamily

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