NOT LISTED FOR SALE

537 NE Magnolia Ave Sublimity, OR 97385

Estimated Value: $620,000 - $726,000

5 Beds
3 Baths
2,455 Sq Ft
$278/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $612,500 $249 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,963/month

Highlights

  • New Construction
  • Covered Patio or Porch
  • 3 Car Attached Garage
  • Living Room with Fireplace
  • First Floor Utility Room
  • 1-Story Property

About This Home

As of October 2021

The Sublimity-ADU offers a 2nd living area designed to accommodate a kitchenette, bathroom, bedroom, utility closet & its own private entrance-great for multi-generational living. The main part of house features a large Great-rm w/gas fireplace, kitchen w/large island, huge Master Suite w/dbl sink vanity, walk-in closet, soak tub & access to patio. Home is near complete. All specs and finishes have been selected and/or installed-no changes can be made.

Last Agent to Sell the Property

MIKE AGEE

RE/MAX ADVANTAGE GROUP License #830900045 Listed on: 09/23/2021

Last Buyer's Agent

Kevin Nunn

TRADITION REAL ESTATE PARTNERS License #201207110

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,275

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 10,009

Parking

  • 3 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,455 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • First Floor Utility Room

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • 10,009 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 49

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,275

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Dual Living: Yes
  • New Construction: Yes
  • Range Facility: Range Included
  • Syndicated Remarks: The Sublimity-ADU offers a 2nd living area designed to accommodate a kitchenette, bathroom, bedroom, utility closet & its own private entrance-great for multi-generational living. The main part of house features a large Great-rm w/gas fireplace, kitchen w/large island, huge Master Suite w/dbl sink vanity, walk-in closet, soak tub & access to patio. Home is near complete. All specs and finishes have been selected and/or installed-no changes can be made.
  • Year Built: 2021
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Gas, Living Room
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Number of Main Level Bathrooms: 3
  • Bedrooms: 5
  • Master Bedroom: Dimensions: 18x15, On Level: 1/Main
  • Bedroom 2: Dimensions: 10x10, On Level: 1/Main
  • Bedroom 3: Dimensions: 10x10, On Level: 1/Main
  • Bedroom 4: Dimensions: 11x10, On Level: 1/Main
  • Additional Room: Dimensions: 12x14, On Level: 1/Main
  • Dining Room: 1/Main, Dimensions: 11x12, On Level: 1/Main
  • Living Room: Dimensions: 20x24, On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Price Per Sq Ft: 249.49
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 240.31

Exterior Features

  • Patio: Covered Patio, Patio
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Heating/Cooling: Forced Air, Gas
  • Sewer City: Yes
  • Water: City
  • Water Heater: Gas

Schools

  • Elementary School: Sublimity
  • Middle School: Sublimity
  • High School: Stayton

Lot Info

  • Acres: 0.23
  • Estimated Lot Sq Ft: 10009
  • Lot: 49
  • Price Per Acre: 2565000
  • Geo Subdivision: OR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Armenakis Nicholas Louis
Bought by
Armenakis Nicholas Louis and Armenakis Erica Eleanor
Current Estimated Value
$683,042

Purchase Details

Listed on
Sep 23, 2021
Closed on
Sep 29, 2021
Sold by
Raasch Construction Ltd
Bought by
Armenakis Nicholas Louis and Holtmeyer Erica Eleanor
Seller's Agent
MIKE AGEE
RE/MAX ADVANTAGE GROUP
Buyer's Agent
Kevin Nunn
TRADITION REAL ESTATE PARTNERS
List Price
$589,950
Sold Price
$612,500
Premium/Discount to List
$22,550
3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.30%
Original Mortgage
$581,875
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2020
Sold by
K And F Development Llc
Bought by
Rasch Construction Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Armenakis Nicholas Louis -- None Listed On Document
Armenakis Nicholas Louis $612,500 First American Title
Rasch Construction Ltd $115,000 Amerititel
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Armenakis Nicholas Louis $581,875
Previous Owner Rasch Construction Ltd $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $612,500 +3.8% $249 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $589,950 -- $240 / Sq Ft
Source: Willamette Valley MLS

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 $4,275 $335,670 -- --
2023 $4,156 $325,900 $0 $0
2022 $3,872 $316,410 $0 $0
2021 $558 $45,530 $0 $0
2020 $559 $44,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • MIKE AGEE

    Seller's Agent in 2021

    MIKE AGEE

    RE/MAX

    (503) 504-2499

    42 in this area

    121 Total Sales

    MIKE AGEE
    Section Image
  • Kevin Nunn

    Buyer's Agent in 2021

    Kevin Nunn

    TRADITION REAL ESTATE PARTNERS

    (503) 409-9222

    1 in this area

    180 Total Sales

    Kevin Nunn
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 784010

Willamette Valley MLS

APN: 359047

Oregon Marion County Sublimity 97385

537 NE Magnolia Ave, Sublimity, OR

This home is located at 537 NE Magnolia Ave, Sublimity, OR 97385 since 23 September 2021 and is currently estimated at $683,042, approximately $278 per square foot. This property was built in 2021. 537 NE Magnolia Ave is a home located in Marion County with nearby schools including Sublimity Elementary School, Stayton High School, and Regis St. Mary Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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