NOT LISTED FOR SALE

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

Larkspur Neighborhood

Estimated Value: $407,000 - $569,000

4 Beds
2 Baths
1,782 Sq Ft
$279/Sq Ft Est. Value

Sale Details

Date Sold: February 15, 2022

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

Est. 6% increase in value since last sale

Current estimated payment $2,896 / mo

111 Days on Market

Highlights

  • Craftsman Architecture
  • Deck
  • Engineered Wood Flooring
  • Juniper Elementary School Rated A-
  • Territorial View
  • Corner Lot

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
  • Bungalow
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Kitchen

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

Flooring

  • Engineered Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

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

8,712 Sq Ft Lot

Listing Details

  • Architectural Style: 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
  • General Property Information Audio Surveillance on Premises YN: Yes
  • Additional Features:Additional Features: Separate Electric Meters, Separate Gas Meters
  • Patio and Porch Features:Patio and Porch Features: Deck, Patio
  • Flood:Flood: N/A
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Range, Refrigerator, Range Hood, Tankless Water Heater, Washer
  • Has Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Living Room
  • Flooring: Carpet, Simulated Wood
  • Interior Amenities: Shower/Tub Combo
  • Window Features: Aluminum Frames
  • Fireplace: Yes

Exterior Features

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

Garage/Parking

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

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

Condo/Co-op/Association

  • Association: 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

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1749.38
  • Tax Block: 83
  • Tax Lot: 03900
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2021
Closed on
Feb 11, 2022
Sold by
Bought by
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%
Current Estimated Value
$497,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,850
Avg. Annual Appreciation
1.30%
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
Bought by
Seller's Agent
Louie Hoffman
Harcourts The Garner Group Real Estate
Buyer's Agent
Louie Hoffman
Harcourts The Garner Group Real Estate
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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$470,000 None Listed On Document
$185,000 Deschutes County Title Co
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $432,480
Closed $400,000
Previous Owner $148,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,212 $130,940
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

  • E

    Seller's Agent in 2022

    Elizabeth Lotochinski

    SPACE Realty

    (541) 420-2588

    1 in this area

    28 Total Sales

    Elizabeth Lotochinski
    Section Image

  • C

    Buyer's Agent in 2022

    Charity Burhart

    Keller Williams Realty Central Oregon

    (541) 678-2558

    1 in this area

    12 Total Sales

    Charity Burhart
    Section Image
  • Louie Hoffman

    Seller's Agent in 2014

    Louie Hoffman

    Harcourts The Garner Group Real Estate

    (541) 480-8130

    2 in this area

    130 Total Sales

    Louie Hoffman
    Section Image

  • L

    Buyer's Agent in 2014

    Louis Hoffman

See All Agents

Map

Source: Oregon Datashare

MLS Number: 220133959

Oregon Datashare

APN: 106346

Oregon Deschutes County Bend 97702 Larkspur

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

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.

Oregon Datashare © 2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.