NOT LISTED FOR SALE

554 SE 5th St Unit 1 & 2 Bend, OR 97702

Larkspur Neighborhood

Estimated Value: $455,938 - $580,000

4 Beds
2 Baths
1,782 Sq Ft
$296/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $470,000 $264 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,122/month

111 Days on Market

Highlights

  • Craftsman Architecture
  • Territorial View
  • Corner Lot
  • Deck
  • Engineered Wood Flooring
  • No HOA

About This Home

As of February 2022

Investors, 1031 exchangers, developers: TWO ADJACENT LOTS in a terrific location to build much-needed middle market housing in an area close to retail, restaurants and across from Vince Genna Stadium. Planned improvements to Wilson Ave corridor will enhance the walkability and livability of this SE Bend neighborhood. Bend's new development code (which took effect on 11/5/2021) allows each lot to have multi-family units and/or single-family home and ADU. Property shows it is eligible for a Short-Term Rental (STR). Property sold AS IS, seller will not perform repairs. Appliances and tankless water heaters in both units are staying and can be salvaged before demolition. Buyer and Buyer's agent to perform all due diligence.

Last Agent to Sell the Property

Elizabeth Lotochinski

SPACE Realty License #201219096 Listed on: 12/31/2021

Last Buyer's Agent

Charity Burhart

Keller Williams Realty Central Oregon License #201227897

Keller Williams Realty Central Oregon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,749

Year Built

  • Built in 1952

Lot Details

  • 8,712 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Landscaped
  • Corner Lot
  • Level Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

Property Views

  • Territorial
  • Neighborhood

Home Design

  • Duplex
  • Craftsman Architecture
  • Ranch Style House
  • Traditional Architecture
  • Cottage
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Bathtub with Shower
  • Gas Fireplace
  • Aluminum Window Frames
  • Living Room with Fireplace

Kitchen

  • Double Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Carpet

Laundry

  • Dryer
  • Washer

Home Security

  • Surveillance System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Shared Driveway
  • On-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Bend Park Subdivision

Listing and Financial Details

  • Exclusions: Washer/Dryer in Unit #2 (556)
  • Legal Lot and Block 03900 / 83
  • Assessor Parcel Number 106346

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,749

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Architectural Style: Cottage/Bungalow, Craftsman, Ranch, Traditional
  • Directions: From 3rd St, east on Wilson Ave, north on 5th St.
  • Unit Levels: One
  • Lot Size Acres: 0.2
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Surface Type: Paved
  • Subdivision Name: Bend Park
  • Year Built: 1952
  • Co List Office Phone: 541-633-7590
  • Outside Inclusions: Shed, wheelbarrow, appliances in both units (except W/D in Unit#2)
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: RM
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 03900
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 83
  • Appliances Dryer: Yes
  • Washers: Yes
  • Architectural Style Ranch: Yes
  • Foundation Details PillarPostPier: Yes
  • Levels:One: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Other Structures:Shed(s): Yes
  • Architectural Style Traditional: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Architectural Style Craftsman: Yes
  • Flooring Simulated Wood: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: None
  • Fireplace Features: Gas, Living Room
  • Flooring: Carpet, Simulated Wood
  • Interior Amenities: Shower/Tub Combo
  • Window Features: Aluminum Frames
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Range Hood: Yes
  • Fireplace Features:Gas: Yes
  • Fireplace Features:Living Room: Yes
  • Appliances:Double Oven: Yes
  • Appliances:Tankless Water Heater: Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Exterior Features: Deck, Patio
  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier
  • Lot Features: Corner Lot, Fenced, Landscaped, Level, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
  • Other Structures: Shed(s)
  • Roof: Composition
  • View: Neighborhood, Territorial
  • Exclusions: Washer/Dryer in Unit #2 (556)
  • Lot Features:Level: Yes
  • Lot Features:Fenced: Yes
  • Exterior Features:Deck: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Exterior Features:Patio: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

  • Parking Features: Asphalt, Driveway, On Street, Shared Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Shared Driveway: Yes
  • Parking Features:Asphalt: Yes
  • Parking Features:On Street: Yes

Utilities

  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Check with District
  • High School: Check with District
  • Middle Or Junior School: Check with District

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 106346
  • ResoLotSizeUnits: Acres
  • Zoning Description: RM
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1749.38
  • Tax Block: 83
  • Tax Lot: 03900
  • Tax Map Number: 181217AD
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2021
Closed on
Feb 11, 2022
Sold by
Gabriel Behm
Bought by
Camhart Properties Llc
Seller's Agent
Elizabeth Lotochinski
SPACE Realty
Buyer's Agent
Charity Burhart
Keller Williams Realty Central Oregon
List Price
$498,000
Sold Price
$470,000
Premium/Discount to List
-$28,000
-5.62%
Total Days on Market
111
Current Estimated Value
$526,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,735
Avg. Annual Appreciation
3.50%
Original Mortgage
$400,000
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 13, 2014
Closed on
Aug 27, 2014
Sold by
Price Charles C
Bought by
Behm Gabriel
Seller's Agent
Louie Hoffman
John L Scott Bend
Buyer's Agent
Louie Hoffman
John L Scott Bend
List Price
$210,000
Sold Price
$185,000
Premium/Discount to List
-$25,000
-11.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.28%
Original Mortgage
$148,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2013
Sold by
Price Charles C and Price Heather L
Bought by
Price Charles C
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
Camhart Properties Llc $470,000 None Listed On Document
Behm Gabriel $185,000 Deschutes County Title Co
Price Charles C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camhart Properties Llc $432,480
Closed Camhart Properties Llc $400,000
Previous Owner Behm Gabriel $148,000
Previous Owner Price Charles C $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $470,000 -5.6% $264 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
10/14/2021 10/14/21 For Sale $498,000 +169.2% $279 / Sq Ft
08/27/2014 08/27/14 Sold $185,000 -11.9% $99 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $210,000 -- $113 / 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 $2,129 $127,130 -- --
2023 $1,973 $123,430 $0 $0
2022 $1,841 $116,350 $0 $0
2021 $1,844 $112,970 $0 $0
2020 $1,749 $112,970 $0 $0
2019 $1,701 $109,680 $0 $0
2018 $1,653 $106,490 $0 $0
2017 $1,604 $103,390 $0 $0
2016 $1,530 $100,380 $0 $0
2015 $1,488 $97,460 $0 $0
2014 $1,444 $94,630 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220133959

Oregon Datashare

APN: 106346