NOT LISTED FOR SALE

525 NE 7th St McMinnville, OR 97128

Estimated Value: $406,000 - $507,000

3 Beds
2 Baths
1,872 Sq Ft
$238/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $445,000 $238 Per Sq Ft

Current estimated payment $2,538/month

10 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Living Room
  • Memorial Elementary School Rated A-
  • 1 Car Attached Garage
  • Zoned Heating

About This Home

As of March 2024

Welcome to this 2-story single family residence built in 1895, centrally located downtown in McMinnville! The full width front deck opens right to the living room boasting high ceilings and a large window, followed by an office or bedroom allowing for single level living. Next you have the full downstairs bathroom that circles around to the kitchen and dining rooms. Upstairs you find 3 bedrooms and a second full bathroom. Off the kitchen to the back of the home is a large laundry room with plenty of storage and access to the backyard and to the single car garage. You will find plenty of character throughout, with opportunities for the right buyer to make improvements to bring their vision of historic downtown living to life. Stepping outside you find yourself immersed in downtown McMinnville as the only residence on a quiet street with plenty of mature trees and shrubs. The home is suitable as a primary residence, a local business or even the possibility of a short-term rental in the desirable downtown McMinnville area. 2023 brought a new roof and installation of a new foundation, including improvements to the crawl space which facilitates the ability to flourish for decades to come. Take a look for yourself to see what future you may create here in historic McMinnville. Sale is contingent upon the Sellers purchase of a replacement property which the Seller has already secured a contract to move forward without delay.

Last Agent to Sell the Property

DKMasterson Real Estate Team

Premiere Property Group, LLC License #201211124 Listed on: 01/19/2024

Premiere Property Group, LLC

Last Buyer's Agent

Lauren Cummings

Bella Casa Real Estate Group License #201254754

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,172

Year Built

  • Built in 1895

Lot Details

  • 4,791 Sq Ft Lot

Parking

  • 1 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Free-Standing Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Memorial Elementary School
  • Patton Middle School
  • Mcminnville High School

Utilities

  • No Cooling
  • Zoned Heating
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 161425

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,172

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1895
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 2.0
  • Interior Amenities: HardwoodFloors
  • Appliances: FreeStandingRange
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 1.0
  • Lot Size Range: SqFt3000to4999
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway, OffStreet
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Memorial
  • High School: McMinnville
  • Middle Or Junior School: Patton

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: 161425

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 2171.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
Jan 31, 2024
Sold by
Pace Michael and Pace Melissa
Bought by
Eperjesi Ashlyn Elisabeth
Seller's Agent
DKMasterson Real Estate Team
Premiere Property Group, LLC
Buyer's Agent
Lauren Cummings
Bella Casa Real Estate Group
List Price
$449,900
Sold Price
$445,000
Premium/Discount to List
-$4,900
-1.09%
Views
21
Current Estimated Value
$445,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$969
Avg. Annual Appreciation
0.13%
Original Mortgage
$431,650
Outstanding Balance
$424,135
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$21,834

Purchase Details

Closed on
Nov 23, 2021
Sold by
Hamilton Loyal J
Bought by
Pace Michael and Pace Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,313
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2016
Sold by
Plum Tree Properties Llc
Bought by
Hamilton Loyal J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.68%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 5, 2010
Sold by
Abdelnour Jennifer Wendy
Bought by
Plum Tree Properties Llc

Purchase Details

Closed on
Dec 8, 2004
Sold by
Fulham Robert Joseph and Fulham Donald Gene
Bought by
Fulham Joecille J and Joecille J Fulham Revocable Living Trust

Purchase Details

Closed on
Aug 2, 2004
Sold by
Fulham Joecille J
Bought by
Fulham Joecille J and Joecille Fulham Revocable Living Trust
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
Eperjesi Ashlyn Elisabeth $445,000 First American Title
Pace Michael $224,050 First American Title
Hamilton Loyal J $125,000 First American Title
Plum Tree Properties Llc -- None Available
Fulham Joecille J -- Ticor Title Insurance Co
Fulham Joecille J -- Ticor Title Insurance Co
Fulham Joecille J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eperjesi Ashlyn Elisabeth $431,650
Previous Owner Pace Michael $226,313
Previous Owner Hamilton Loyal J $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2024 03/06/24 Sold $445,000 -1.1% $238 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $449,900 -- $240 / 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 $2,300 $132,336 -- --
2023 $2,172 $128,482 $0 $0
2022 $2,057 $124,740 $0 $0
2021 $2,009 $121,107 $0 $0
2020 $1,993 $117,580 $0 $0
2019 $1,939 $114,155 $0 $0
2018 $1,900 $110,830 $0 $0
2017 $1,834 $107,602 $0 $0
2016 $1,768 $104,468 $0 $0
2015 $1,725 $101,427 $0 $0
2014 $1,627 $98,474 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24086526

Regional Multiple Listing Service (RMLS)

APN: 161425