NOT LISTED FOR SALE

564 S Main St (And 588) Independence, OR 97351

Estimated Value: $499,625

0.23 Acre
$2,172,283 Price per Acre
10,019 Sq Ft Lot

Last Sold September 29, 2021

Last sale price $300,000

Est. 67% increase in value since last sale

Current estimated payment $2,817/month

3 Days on Market

About This Lot

As of September 2021

Great opportunity to own and develop two tax lots in downtown Independence! MUPC (Mixed Use Pedestrian Friendly Commercial) Located across from the civic center in the heart of historic Independence. Development options include retail, offices, commercial services, housing, civic uses, and much more! Take advantage of the possibilities and help support the continued growth of this beautiful community! MUPC Zoning is specific to the city of Independence.

Last Listed By

Dewey Whitton

The Salem Real Estate Group License #890200088 Listed on: 08/24/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $561

Lot Details

  • Level Lot
  • Property is zoned MUPC

Property Details

Property Type

Land

Est. Annual Taxes

$561

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Land
  • Property Type: Mixed Use
  • Remarks Public: Great opportunity to own and develop two tax lots in downtown Independence! MUPC (Mixed Use Pedestrian Friendly Commercial) Located across from the civic center in the heart of historic Independence. Development options include retail, offices, commercial services, housing, civic uses, and much more! Take advantage of the possibilities and help support the continued growth of this beautiful community! MUPC Zoning is specific to the city of Independence.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Legal Description: Metes and Bounds

Exterior Features

  • Lot Size: 10,000 to 14,999 SqFt
  • Lot Dimensions: 132x148
  • Road Surface: Paved

Schools

  • Elementary School: Independence
  • Middle School: Talmadge
  • High School: Central

Lot Info

  • Acres: 0.23
  • Zoning: MUPC
  • Number Of Lots Total: 2
  • Land Description: Level

Rental Info

  • Availability: Sale

Tax Info

  • Tax Amount: 508.89
  • Assessor Parcel Number: 306139
  • Assessor Parcel Number 2: 205986
  • Tax Year: 2020

MLS Schools

  • Elementary School: Independence
  • High School: Central
  • Middle School: Talmadge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Sep 27, 2021
Sold by
Taylor Thomas
Bought by
Pdy Llc
Seller's Agent
Dewey Whitton
The Salem Real Estate Group
Buyer's Agent
Dewey Whitton
The Salem Real Estate Group
List Price
$300,000
Sold Price
$300,000
Total Days on Market
3
Current Estimated Value
$499,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,625
Avg. Annual Appreciation
15.18%
Original Mortgage
$300,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 24, 2021
Closed on
Sep 22, 2021
Sold by
Taylor Timothy N
Bought by
Pdy Llc
Seller's Agent
Dewey Whitton
The Salem Real Estate Group
Buyer's Agent
Dewey Whitton
The Salem Real Estate Group
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2018
Sold by
Taylor Thomas and The Hazel T Ritter Irrevocable
Bought by
Taylor Timothy N

Purchase Details

Closed on
Aug 1, 2017
Sold by
Ritter Hazel T and Taylor Hazel
Bought by
Taylor Thomas and Hazel T Ritter Irrevocable Trust

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
Pdy Llc $150,000 Fidelity National Title
Pdy Llc $150,000 Fidelity National Title
Taylor Timothy N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pdy Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $300,000 0.0% --
08/27/2021 08/27/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $300,000 -- --
Source: Regional Multiple Listing Service (RMLS)

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
2025 $561 $31,890 $31,890 --
2024 $561 $30,970 $30,970 --
2023 $575 $30,070 $30,070 $0
2022 $528 $29,200 $29,200 $0
2021 $522 $28,350 $28,350 $0
2020 $509 $27,530 $27,530 $0
2019 $496 $26,730 $26,730 $0
2018 $480 $25,960 $25,960 $0
2017 $477 $25,210 $25,210 $0
2016 $486 $24,480 $24,480 $0
2015 $467 $23,770 $23,770 $0
2014 $457 $23,080 $23,080 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21254687

Regional Multiple Listing Service (RMLS)

APN: 306139