NOT LISTED FOR SALE

506 E Main St Molalla, OR 97038

Estimated Value: $377,000 - $546,000

5 Beds
3 Baths
3,240 Sq Ft
$142/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $430,000 $133 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,865/month

70 Days on Market

Highlights

  • Views
  • Level Lot
  • Lap Siding

About This Home

As of July 2021

Great investment opportunity in Molalla. Updated triplex. Near bus line, shopping, restaurants. Off street parking, yard, basement for storage. Don't miss this opportunity. Seller is doing a 1031 exchange.

Last Agent to Sell the Property

Jeff Edmondson

24/7 Properties License #200802126 Listed on: 03/24/2021

Last Buyer's Agent

David Raines

24/7 Properties License #201218821

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,497

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Block Foundation
  • Lap Siding

Interior Spaces

  • 2-Story Property
  • Range
  • Property Views
  • Unfinished Basement

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,497

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3240
  • Stories: 2
  • Year Built: 1920
  • Property Condition: Updated/Remodeled
  • Remarks Public: Great investment opportunity in Molalla. Updated triplex. Near bus line, shopping, restaurants. Off street parking, yard, basement for storage. Don't miss this opportunity. Seller is doing a 1031 exchange.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: 382 LAURELWOOD ADD LT 2 BLK 9
  • Basement: Unfinished
  • Storage: Basement

Exterior Features

  • Exterior Description: Lap Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • View: Territorial
  • Foundation Details: Block
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Assigned

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator

Schools

  • Middle School: Molalla River
  • High School: Molalla

Lot Info

  • Lot Description: Level
  • Zoning: C1

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 2687.95
  • Assessor Parcel Number: 01099484
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 12.81

MLS Schools

  • High School: Molalla
  • Middle School: Molalla River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Jun 25, 2021
Sold by
Welch Michael A
Bought by
Berggren Doug W and Berggren Heather J
Seller's Agent
Jeff Edmondson
24/7 Properties
Buyer's Agent
David Raines
24/7 Properties
List Price
$479,950
Sold Price
$430,000
Premium/Discount to List
-$49,950
-10.41%
Total Days on Market
70
Current Estimated Value
$460,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,252
Avg. Annual Appreciation
2.08%
Original Mortgage
$322,500
Outstanding Balance
$295,772
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$170,544

Purchase Details

Closed on
Jun 13, 2019
Sold by
Peterson Roger D
Bought by
Peterson Investment Properties Llc

Purchase Details

Closed on
Apr 21, 2017
Sold by
Allanmarie Properties Llc
Bought by
Welch Michael A

Purchase Details

Closed on
Mar 21, 2017
Sold by
Allanmarie Properties Llc
Bought by
Welch Michael A

Purchase Details

Closed on
Oct 16, 2013
Sold by
Welch Michael and Welch Sonja
Bought by
Allanmarie Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
4.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 3, 2004
Sold by
Peterson Roger
Bought by
Welch Michael and Welch Sonja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,800
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Berggren Doug W $430,000 Lawyers Title
Peterson Investment Properties Llc -- None Available
Welch Michael A -- None Available
Welch Michael A -- None Available
Allanmarie Properties Llc -- First American
Welch Michael $168,500 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berggren Doug W $322,500
Previous Owner Allanmarie Properties Llc $249,000
Previous Owner Welch Michael $84,548
Previous Owner Welch Michael $134,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2021 07/07/21 Sold $430,000 -4.2% $133 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/05/2021 05/05/21 Price Changed $448,950 -0.2% $139 / Sq Ft
04/06/2021 04/06/21 Price Changed $449,950 -6.3% $139 / Sq Ft
03/24/2021 03/24/21 For Sale $479,950 -- $148 / 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
2023 $3,497 $178,014 $0 $0
2022 $2,883 $172,830 $0 $0
2021 $2,765 $167,797 $0 $0
2020 $2,688 $162,910 $0 $0
2019 $2,610 $158,166 $0 $0
2018 $2,537 $153,559 $0 $0
2017 $2,432 $149,086 $0 $0
2016 $4,209 $144,744 $0 $0
2015 $1,894 $118,813 $0 $0
2014 $1,835 $115,352 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Edmondson

    Seller's Agent in 2021

    Jeff Edmondson

    24/7 Properties

    (916) 295-8714

    130 Total Sales

    Jeff Edmondson
    Section Image
  • David Raines

    Buyer's Agent in 2021

    David Raines

    24/7 Properties

    (503) 607-4216

    97 Total Sales

    David Raines
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21427961

Regional Multiple Listing Service (RMLS)

APN: 01099484

Oregon Clackamas County Molalla 97038

506 E Main St, Molalla, OR

This home is located at 506 E Main St, Molalla, OR 97038 since 24 March 2021 and is currently estimated at $460,252, approximately $142 per square foot. This property was built in 1920. 506 E Main St is a home located in Clackamas County with nearby schools including Molalla River Academy, Country Christian School, and Oregon Outreach - Molalla Pride.

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