NOT LISTED FOR SALE

56483 Mckenzie Hwy Unit 9 McKenzie Bridge, OR 97413

Estimated Value: $535,978

2 Beds
2 Baths
942 Sq Ft
$167/mo HOA Fee

Last Sold March 21, 2024

Last sale price $526,500 $559 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,416/month

13 Days on Market

Highlights

  • River View
  • Ductless Heating Or Cooling System
  • Landscaped with Trees
  • 1 Car Detached Garage
  • Living Room
  • Dining Room

About This Home

As of March 2024

Custom cabin on the banks of the McKenzie River with successful short-term rental history. Staying at this cabin is an absolute delight - a unique, quiet spot with clear view and access to the river. Turn-key ready to enjoy or rent out - 100% furnished with premium furniture, linens, and kitchenware. Amazing community of owners to get to know, and the HOA keeps the property maintained. We use this cabin frequently and make it available for VRBO rental the rest of the time. A management company is in place to fully manage the rentals or manage it yourself for maximum returns. Gross revenue of $32,800 in the last year (and we were shut down for over a month with the fires). Potential for much more - other cabins have grossed $70,000/yr. Lots of updates to the entire property recently, and several updates to this cabin, including ductless heat pump-a/c. Built in 2008, this is one of 22 cabins that share the Historic Log Cabin Inn property. Interior features include custom kitchen, built-in woodwork throughout, master bedroom with king bed, en-suite bathroom and full river views. The second bedroom upstairs has a king bed and separate bath. Large screened in deck, extensive landscaping and 7 acres of community lawns and riverfront. Located within 15 minutes of all the McKenzie River Corridor recreational activities including hot springs, hiking, rafting, mountain biking, golfing and near to local restaurants. This cabin is on the lower meadow - close to the river, and most desirable area of the property. HOA Dues of $2,000/yr pays for water (onsite well with generator backup), sewer, and grounds maintenance

Last Agent to Sell the Property

Jonathan Minerick

homecoin.com License #201253274 Listed on: 01/30/2024

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,960

Year Built

  • Built in 2008

Lot Details

  • River Front
  • Gentle Sloping Lot
  • Landscaped with Trees

HOA Fees

  • $167 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Property Views

  • River
  • Woods

Home Design

  • Cabin
  • Composition Roof
  • Cedar

Interior Spaces

  • 942 Sq Ft Home
  • 2-Story Property
  • Propane Fireplace
  • Family Room
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Mckenzie River Elementary School
  • Mckenzie Middle School
  • Mckenzie High School

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Shared Well
  • Electric Water Heater
  • Shared Septic

Listing and Financial Details

  • Assessor Parcel Number 1832078

Community Details

Overview

  • Log Cabin Inn HOA, Phone Number (541) 517-3668

Amenities

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,960

Year Built

Built in 2008

Lot Details

0

HOA Fees

$167 per month

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 2008
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: Cabin
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: No
  • CondominiumElevatorYN: No
  • CondominiumStorageAvailYN: No
  • CondominiumUnitsInComplex: 1
  • CondominiumWasherDryer: SeeRemarks
  • CondominiumYardYN: No
  • Open House: No
  • CondominiumTotalLevels: 2
  • Unit Floor Number: 2
  • Special Features: None

Interior Features

  • Total Bathrooms: 2.0
  • Fireplaces: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Propane
  • Fireplace: Yes
  • Stories: 2
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 1.0
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: Cedar
  • Waterfront: Yes
  • View: Yes
  • Lot Features: Commons, GentleSloping, Trees
  • Road Surface Type: Paved
  • Water Body Name: Mckenzie River
  • Waterfront Features: RiverFront
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: River,TreesWoods

Garage/Parking

  • Garage Type: Detached
  • Parking Description: OffStreet
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0
  • CondominiumGarageType: Other
  • CondominiumParkingTandemYN: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: Ductless
  • Heating Yn: Yes
  • Sewer: SharedSeptic
  • Water Source: SharedWell

Condo/Co-op/Association

  • Unit Location: MainLevel
  • Association Amenities: Commons
  • Senior Community: No
  • Association Fee: 2000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: John Jaworski
  • CondominiumAssociationEmail: 3jaworski@gmail.com
  • CondominiumAssociationName: Log Cabin Inn HOA
  • CondominiumAssociationPhone: 541-517-3668
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: McKenzie River
  • High School: McKenzie
  • Middle Or Junior School: McKenzie

Lot Info

  • Farm: No
  • Land Lease: No
  • Parcel #: 1832078

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 2960.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2024
Closed on
Mar 20, 2024
Sold by
Herringshaw Andrew
Bought by
Cornelius Douglas Alan and Cornelius Jennifer Nicole
Seller's Agent
Jonathan Minerick
homecoin.com
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$540,000
Sold Price
$526,500
Premium/Discount to List
-$13,500
-2.5%
Total Days on Market
13
Views
18
Current Estimated Value
$535,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,478
Avg. Annual Appreciation
1.45%

Purchase Details

Closed on
Oct 10, 2022
Sold by
Lindsey Ruf Llc
Bought by
Herringshaw Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,200
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2020
Sold by
Ruf James E and Ruf Lindsey S
Bought by
Lindsey Ruf Llc

Purchase Details

Listed on
Feb 26, 2017
Closed on
May 1, 2017
Sold by
Newman Joseph S and Newman Charlene M
Bought by
Ruf James E and Ruf Lindsey S
Seller's Agent
Nadine Scott
Windermere RE Lane County
Buyer's Agent
Nadine Scott
Windermere RE Lane County
List Price
$279,000
Sold Price
$255,000
Premium/Discount to List
-$24,000
-8.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.57%

Purchase Details

Closed on
Aug 14, 2014
Sold by
Log Cabin Llc
Bought by
Newman Revocable Trust and Newman Charlene M
Source: Public Records

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Range of Values:

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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
Cornelius Douglas Alan $526,500 Western Title
Herringshaw Andrew $489,000 Western Title
Lindsey Ruf Llc -- None Available
Ruf James E $255,000 Western Title & Escrow Co
Newman Revocable Trust $225,000 Western Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herringshaw Andrew $391,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2024 03/21/24 Sold $526,500 -2.5% $559 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
01/30/2024 01/30/24 For Sale $540,000 +111.8% $573 / Sq Ft
05/02/2017 05/02/17 Sold $255,000 -8.6% $271 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
02/22/2017 02/22/17 For Sale $279,000 -- $296 / Sq Ft
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
2023 $3,042 $306,892 $0 $0
2022 $2,826 $297,954 $0 $0
2021 $2,746 $289,276 $0 $0
2020 $2,516 $280,851 $0 $0
2019 $2,271 $259,150 $0 $0
2018 $2,057 $235,591 $0 $0
2017 $2,025 $235,591 $0 $0
2016 $2,476 $233,259 $0 $0
2015 $2,178 $202,834 $0 $0
2014 $3,205 $280,851 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24349311

Regional Multiple Listing Service (RMLS)

APN: 1832078