$327,500
SOLD FEB 4, 2025

555 Spruce St Brookings, OR 97415

-- Bed
-- Bath
1,424 Sq Ft
4,138 Sq Ft Lot

Recently Sold

$230 Per Sq Ft

10% Below List Price

28 Days on Market

Highlights

  • Territorial View
  • Baseboard Heating
  • Wood Siding
  • Corner Lot

About This Home

As of February 2025

Don't miss out on this INCOME INVESTMENT OPPORTUNITY! Discover a remarkable income opportunity with this multifamily unit combining coastal charm and convenience located in the heart of Brookings. Unit # 555 features a 2 Bedroom, 1 Bathroom and Unit # 557 features a 1 Bedroom, 1 Bathroom. Both Units are complemented with a welcoming covered front porch, separate Attic space for storage, separate Laundry rooms with washer/ dryer hook-ups and both Decks that enter into the Fenced Backyard. Located in the heart of Brookings with plenty of street Parking and all local Amenities! Both Units are currently rented so please do not disturb tenants.

Last Agent to Sell the Property

Kimberly Weaver

Century 21 Agate Realty Brokerage Email: info@blupac.com License #201232679

Century 21 Agate Realty

Last Buyer's Agent

Ron Reel

Premier Ocean Properties License #201203993

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,224

Year Built

  • Built in 1940

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Property Views

  • Territorial Views

Home Design

  • Composition Roof
  • Wood Siding
  • Cement Siding

Attic

  • Storage In Attic

Schools

  • Kalmiopsis Elementary School
  • Azalea Middle School
  • Brookings-Harbr High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R10566

Community Details

Overview

  • 2 Units
  • Property managed by Paragon Property Management

Building Details

  • Operating Expense $5,360
  • Gross Income $18,900
  • Net Operating Income $13,539

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,224

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1940
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Attic
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: OnStreet
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Management Name: Paragon Property Management
  • Management Phone: 541-412-7995

Schools

  • Elementary School: Kalmiopsis
  • High School: Brookings-Harbr
  • Middle Or Junior School: Azalea

Lot Info

  • Zoning: C3
  • Parcel #: R10566

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 1224.27

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 19.34
  • Annual Gross Income: 18900.0
  • Property Net Operating Income: 13539.0
  • Annual Operating Expense: 5360.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Jan 23, 2025
Sold by
Provident Trust Group Llc and Grant Salmonson Ira
Bought by
Holmes David L and Holmes Stephanie M
Seller's Agent
Kimberly Weaver
Century 21 Agate Realty
Buyer's Agent
Ron Reel
Premier Ocean Properties
List Price
$365,500
Sold Price
$327,500
Premium/Discount to List
-$38,000
-10.4%
Total Days on Market
28
Views
41
Current Estimated Value
$356,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,406
Avg. Annual Appreciation
41.05%
Original Mortgage
$245,625
Outstanding Balance
$245,198
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$111,708

Purchase Details

Closed on
Jun 7, 2013
Sold by
Marchand Robert Maurice and Marchand Kathleen Allison
Bought by
Polycomp Trust Co and Grant Salmonson Ira #044886

Map

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 Type Sale Price Title Company
Warranty Deed $327,500 Amerititle
Warranty Deed $125,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $245,625 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Sold $327,500 -10.4% $230 / Sq Ft
12/13/2024 12/13/24 Pending -- -- --
11/15/2024 11/15/24 For Sale $365,500 -- $257 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $1,224 $129,510 -- --
2023 $1,189 $125,740 $0 $0
2022 $1,058 $111,930 -- --
2021 $1,027 $108,670 $0 $0
2020 $1,060 $105,510 $0 $0
2019 $974 $102,440 $0 $0
2018 $1,015 $99,460 $0 $0
2017 $978 $99,460 $0 $0
2016 $954 $96,570 $0 $0
2015 $902 $93,760 $0 $0
2014 $902 $88,380 $0 $0
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24502520

Regional Multiple Listing Service (RMLS)

APN: R10566

Oregon Curry County Brookings 97415

555 Spruce St, Brookings, OR

Homes for Sale in Brookings, OR

This home is located at 555 Spruce St, Brookings, OR 97415 and is currently priced at $327,500, approximately $229 per square foot. This property was built in 1940. 555 Spruce St is a home located in Curry County with nearby schools including Kalmiopsis Elementary School, Azalea Middle School, and Brookings-Harbor High 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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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