NOT LISTED FOR SALE

503 SW 7th St Pendleton, OR 97801

Estimated Value: $179,000 - $242,000

4 Beds
3 Baths
1,969 Sq Ft
$108/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $190,000 $96 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,231/month

577 Days on Market

Highlights

  • Seasonal Waterfront
  • Seasonal View
  • Level Lot
  • RV Access or Parking
  • Landscaped with Trees
  • Heating Available

About This Home

As of June 2024

Live in property and still let your money make money for you! Steady occupancy/income. Live in one unit, rent the rest. Dbl. circuit energy efficient heat & cool in all units. New roof in 2021, Main house rents $900. with new gas furnace 2019 and all new Dbl. pane vinyl window with exception of DR. Upstairs efficiency $275 has been totally remodeled with all new insulation, wiring and drywall. Back efficiency apt $450. remodeled in 2018 with new insulation, HVAC, and 2 new windows. Back unit is stick built, with new roof, ceiling, drywall and bathroom plumbing, fresh paint. Seller pays $200. water/sewer and $60. garbage per month. Good Investment property.

Last Agent to Sell the Property

Marsha Morgan

Coldwell Banker Farley Company License #930900241 Listed on: 10/13/2022

Coldwell Banker Farley Company

Last Buyer's Agent

Marsha Morgan

Coldwell Banker Farley Company License #930900241 Listed on: 10/13/2022

Coldwell Banker Farley Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,241

Year Built

  • Built in 1900

Lot Details

  • Seasonal Waterfront
  • Level Lot
  • Landscaped with Trees

Home Design

  • Composition Roof
  • Shingle Siding

Interior Spaces

  • 1,969 Sq Ft Home
  • Seasonal Views
  • Basement Storage

Parking

  • 4 Parking Spaces
  • Open Parking
  • RV Access or Parking

Schools

  • Sherwood Hts Elementary School
  • Sunridge Middle School
  • Pendleton High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 110061

Community Details

Overview

  • 3 Units
  • Reservation Addition Subdivision

Building Details

  • Operating Expense $260
  • Gross Income $16,020
  • Net Operating Income $12,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,241

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1900
  • Property Condition: Restored
  • Property Attached Yn: No
  • Current Price For Status: 190000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: StorageSpace
  • Storage: Basement
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: ShingleSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Waterfront: Yes
  • Foundation Details: Other
  • View: Yes
  • Lot Features: Level, Trees
  • Road Surface Type: Gravel
  • Waterfront Features: Seasonal
  • Roof: Composition
  • View: Seasonal

Garage/Parking

  • Parking Description: Open, RVAccessParking
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Sidewalk
  • Cooling: Other
  • Cooling Y N: No
  • Heating: Ductless
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Sherwood Hts
  • High School: Pendleton
  • Middle Or Junior School: Sunridge

Lot Info

  • Zoning: R2
  • Parcel #: 110061

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 1240.54

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.17
  • Annual Gross Income: 16020.0
  • Property Net Operating Income: 12900.0
  • Annual Operating Expense: 260.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Jun 25, 2024
Sold by
Ehlers Jon E and Ehlers Theresa M
Bought by
Layer 7 Llc
Seller's Agent
Marsha Morgan
Coldwell Banker Farley Company
Buyer's Agent
Marsha Morgan
Coldwell Banker Farley Company
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%
Views
1162
Current Estimated Value
$212,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,623
Avg. Annual Appreciation
8.31%
Original Mortgage
$129,500
Outstanding Balance
$123,202
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$89,421

Purchase Details

Closed on
Jul 27, 2007
Sold by
Cassidy Patrick T and Casidy Dixie L
Bought by
Ehlers Jon E and Ehlers Theresa M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Layer 7 Llc $190,000 Amerititle
Ehlers Jon E $70,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Layer 7 Llc $129,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $190,000 0.0% $96 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/01/2024 05/01/24 Off Market $190,000 -- --
01/12/2024 01/12/24 For Sale $195,000 0.0% $99 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
10/02/2023 10/02/23 For Sale $195,000 +2.6% $99 / Sq Ft
10/01/2023 10/01/23 Off Market $190,000 -- --
10/13/2022 10/13/22 For Sale $195,000 -- $99 / 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 $1,307 $70,570 $28,150 $42,420
2023 $1,276 $68,520 $27,330 $41,190
2022 $1,203 $66,530 $0 $0
2021 $1,080 $57,660 $27,180 $30,480
2020 $1,044 $55,990 $26,380 $29,610
2018 $1,014 $52,780 $24,860 $27,920
2017 $990 $51,250 $24,140 $27,110
2016 $935 $49,760 $23,430 $26,330
2015 $936 $45,560 $21,450 $24,110
2014 $896 $45,560 $21,450 $24,110
Source: Public Records

Agents Affiliated with this Home

  • Marsha Morgan

    Seller's Agent in 2024

    Marsha Morgan

    Coldwell Banker Farley Company

    (541) 377-5152

    112 in this area

    161 Total Sales

    Marsha Morgan
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22030352

Regional Multiple Listing Service (RMLS)

APN: 110061

Oregon Umatilla County Pendleton 97801

503 SW 7th St, Pendleton, OR

Not Listed for Sale

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