NOT LISTED FOR SALE

537 High St Klamath Falls, OR 97601

Estimated Value: $400,192

2 Beds
2 Baths
3,408 Sq Ft
$117/Sq Ft Est. Value

Last Sold August 02, 2018

Last sale price $210,500 $62 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,476/month

3 Days on Market

About This Home

As of August 2018

Excellent investment opportunity on this good condition 4 plex located in downtown Klamath Falls. Property is close to city bus line and shopping as well as being only minutes from OIT and Skylakes Medical center. Units include one 2 bedroom 1 bath @ $850.00 per month. One 1 bedroom 1 bath @ $550.00 per month and two studio's with their own bathrooms renting for $475.00 per month. Many updates such as electric service, newer roof along with some appliances and flooring. This would be an excellent set up for someone who wanted to live in one and have some additional rental income.

Last Agent to Sell the Property

Keith Lintner

Coldwell Banker Holman Premier License #201209291 Listed on: 07/03/2018

Last Buyer's Agent

Polly Cappalo

Keller Williams Realty Southern Oregon License #200402183

Keller Williams Realty Southern Oregon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,669

Year Built

  • Built in 1925

Lot Details

  • 7,841

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Concrete Siding
  • Concrete Perimeter Foundation

Schools

  • Ponderosa Middle School

Additional Features

  • Partial Basement
  • 7,841 Sq Ft Lot
  • Heating Available

Community Details

  • 4 Units
  • Net Operating Income $27,840

Listing and Financial Details

  • Assessor Parcel Number R412565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,669

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Directions: From Main St. North on N 6th. Property is on the corner of N 6th and High St.
  • Lot Size Acres: 0.18
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1925
  • Co List Office Phone: 541-884-1343
  • MLS Status: Closed
  • General Property Information Middle Or Junior School: Ponderosa Middle
  • General Property Information:Zoning2: A
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Special Features: None

Interior Features

  • Has Basement: Partial
  • Basement:Partial: Yes

Exterior Features

  • Construction Type: Concrete, Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction Materials:Frame: Yes
  • Construction Materials:Concrete3: Yes

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • HeatingYN: Yes
  • Heating:Electric2: Yes

Schools

  • Middle Or Junior School: Ponderosa Middle

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: R412565
  • ResoLotSizeUnits: Acres
  • Zoning Description: A
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 27840.0
  • Annual Operating Expense: 5538.52

Tax Info

  • Tax Annual Amount: 2669.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2018
Closed on
Jul 30, 2018
Sold by
Carlson Charles A and Carlson Kathryn
Bought by
Rickey Jon
Seller's Agent
Keith Lintner
Coldwell Banker Holman Premier
Buyer's Agent
Polly Cappalo
Keller Williams Realty Southern Oregon
List Price
$210,000
Sold Price
$210,500
Premium/Discount to List
$500
0.24%
Current Estimated Value
$400,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,692
Avg. Annual Appreciation
10.33%
Original Mortgage
$122,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 18, 2005
Sold by
Erspamer Ernest C and Mustard Shirley A
Bought by
Carlson Charles A and Carlson Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,800
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Rickey Jon $210,500 Amerititle
Carlson Charles A -- Amerititle
Carlson Charles A -- Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kellar Joe $171,000
Closed Rickey Jon $122,000
Previous Owner Carlson Charles A $170,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2018 08/02/18 Sold $210,500 +0.2% $62 / Sq Ft
07/06/2018 07/06/18 Pending -- -- --
07/03/2018 07/03/18 For Sale $210,000 -- $62 / 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
2024 $3,547 $205,900 -- --
2023 $3,406 $205,900 $0 $0
2022 $3,338 $194,090 $0 $0
2021 $3,207 $188,440 $0 $0
2020 $3,146 $182,960 $0 $0
2019 $3,065 $177,640 $0 $0
2018 $2,684 $172,470 $0 $0
2017 $2,669 $171,310 $0 $0
2016 $2,476 $159,420 $0 $0
2015 $2,597 $171,310 $0 $0
2014 $2,213 $153,910 $0 $0
2013 -- $137,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 102991567

Oregon Datashare

APN: R412565