NOT LISTED FOR SALE

500 W 4th St Phoenix, OR 97535

Estimated Value: $366,384 - $467,000

4 Beds
2 Baths
1,728 Sq Ft
$238/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $320,000 $185 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,382/month

2 Days on Market

Highlights

  • No Units Above
  • Traditional Architecture
  • No HOA
  • Territorial View
  • Corner Lot
  • Linen Closet

About This Home

As of July 2021

Fantastic investment opportunity in a great Rogue Valley location. This duplex has been wonderfully maintained and has a strong rental history. Sitting in the center of Phoenix on 4th St, this property is close to schools, downtown, Bear Creek and the bike path. Phoenix is enjoying a rise in popularity and has renewed energy. The property has towering Ponderosa Pines, landscaped common areas, and alley access. There are four off-street parking spots with easy access to the units. Each unit has two bedrooms, one bathroom, laundry hookups and a private patio. Interior photos are Unit B and one can see they are nicely maintained. This is a wonderful turn-key investment opportunity that doesn't come around often. Sale contingent on simultaneous closing of triplex at 502 W 4th St.

Last Agent to Sell the Property

Ryan Lamanna

Full Circle Real Estate Listed on: 07/01/2021

Co-Listed By

Eric Poole

Full Circle Real Estate 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

  • $2,612

Year Built

  • Built in 1981

Lot Details

  • 5,227 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Fenced
  • Drip System Landscaping
  • Corner Lot
  • Level Lot
  • Front Yard Sprinklers
  • Garden

Property Views

  • Territorial
  • Neighborhood

Home Design

  • Duplex
  • Traditional Architecture
  • Block Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Vinyl Clad Windows
  • Fire and Smoke Detector

Kitchen

  • Range with Range Hood
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Linen Closet
  • Bathtub with Shower

Parking

  • Alley Access
  • On-Street Parking
  • Parking Lot

Schools

  • Phoenix High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Baseboard Heating
  • Water Heater

Additional Features

  • Sprinklers on Timer
  • Patio

Listing and Financial Details

  • Exclusions: washer, dryer
  • Assessor Parcel Number 1-0635312

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Railroad Addition To The Town Of Phoenix Subdivision

Building Details

  • Gross Income $22,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,612

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Unit Levels: Two
  • Lot Size Acres: 0.12
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Surface Type: Paved
  • Subdivision Name: Railroad Addition To The Town Of Phoenix (1936 Copy)
  • Year Built: 1981
  • Total Gross Income: 22920.0
  • Co List Office Mls Id: orFCRE
  • Co List Office Phone: 541-482-6868
  • Co List Office Phone: 541-482-6868
  • Outside Inclusions: dishwasher, oven, range, refrigerator
  • MLS Status: Closed
  • General Property Information Elementary School: Check with District
  • General Property Information Middle Or Junior School: Check with District
  • General Property Information High School: Phoenix High
  • General Property Information:Zoning2: R-1
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Neighborhood: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Flooring:Tile: Yes
  • Foundation Details Block2: Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style Traditional: Yes
  • Common Walls No One Above: Yes
  • Common Walls No One Below: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Lot Features Drip System: Yes
  • Lot Features Sprinkler Timer(s): Yes
  • Roof:Composition: Yes
  • Common Walls End Unit: Yes
  • Common Walls 1 Common Wall: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Range, Range Hood, Refrigerator, Water Heater
  • Has Basement: None
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Laminate Counters, Linen Closet, Shower/Tub Combo
  • Window Features: Vinyl Frames
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Range Hood: Yes
  • Interior Features ShowerTub Combo: Yes
  • Interior Features Linen Closet: Yes

Exterior Features

  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Construction Type: Frame
  • Foundation Details: Block
  • Lot Features: Corner Lot, Drip System, Fenced, Garden, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front
  • Roof: Composition
  • View: Neighborhood, Territorial
  • Exclusions: washer, dryer
  • Patio And Porch Features: Patio
  • Lot Features:Level: Yes
  • Lot Features:Fenced: Yes
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Garden: Yes
  • Patio and Porch Features Patio3: Yes

Garage/Parking

  • Parking Features: Alley Access, Concrete, On Street, Parking Lot
  • Attached Garage: No
  • Parking Features:Concrete2: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Alley Access: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Baseboard, Electric, Heat Pump
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Electric2: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: 1-0635312
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-1

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2611.79
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2022
Sold by
Deluca Revocable Trust and Deluca Ronald L
Bought by
Deluca Revocable Trust and Deluca
Current Estimated Value
$411,846

Purchase Details

Listed on
Jul 1, 2021
Closed on
Jul 29, 2021
Sold by
Yank Gulch Ventures Llc
Bought by
Deluca Ronald L and Deluca Revocable Trust
Seller's Agent
Ryan Lamanna
Full Circle Real Estate
Buyer's Agent
Jim North
John L. Scott Medford
List Price
$310,000
Sold Price
$320,000
Premium/Discount to List
$10,000
3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%

Purchase Details

Closed on
Jun 18, 2003
Sold by
Gavora Robert and Lupkin Susan
Bought by
Yank Gulch Ventures Llc
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
Deluca Revocable Trust -- Amerititle
Deluca Ronald L $800,000 Amerititle
Yank Gulch Ventures Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $320,000 +3.2% $185 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $310,000 -- $179 / 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
2026 $3,001 $188,180 -- --
2025 $2,930 $182,700 $71,610 $111,090
2024 $2,930 $177,380 $69,530 $107,850
2023 $2,838 $172,220 $67,510 $104,710
2022 $2,763 $172,220 $67,510 $104,710
2021 $2,697 $167,210 $65,550 $101,660
2020 $2,612 $162,340 $63,640 $98,700
2019 $2,542 $153,030 $59,980 $93,050
2018 $2,468 $148,580 $58,230 $90,350
2017 $2,332 $148,580 $58,230 $90,350
2016 $2,269 $140,060 $54,880 $85,180
2015 $2,180 $140,060 $25,550 $114,510
2014 $2,098 $132,030 $24,080 $107,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220126201

Oregon Datashare

APN: 10635312