NOT LISTED FOR SALE

5921 Mercer Lake Rd Florence, OR 97439

Estimated Value: $514,000 - $572,000

2 Beds
1 Bath
1,646 Sq Ft
$329/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $397,950 $242 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,214/month

198 Days on Market

Highlights

  • Lake Front
  • Deck
  • No HOA
  • Second Garage
  • Wood Flooring
  • 1-minute walk to Darlingtonia State Natural Site

About This Home

As of August 2019

YOU DON'T WANT TO MISS THIS LAKEFRONT GEM! Almost 100 feet of lake frontage. The home sits nestled back on the lot away from street noise. This home is ready for your updates to show off its original hardwood floors. This home boasts large detached double car garage with a 2nd floor for storage or workshop. Subject to a 5% buyer's premium pursuant to the Event Agreement and Terms & Conditions (minimums will apply).Call 4 instructions.

Last Agent to Sell the Property

Alva Bracey

Coldwell Banker Coast Real Est License #201222270 Listed on: 01/18/2019

Coldwell Banker Coast Real Est

Co-Listed By

Aric Sneddon

Coldwell Banker Coast Real Est License #201224584

Last Buyer's Agent

Jim Hoberg

West Coast Real Estate Service License #880700052

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,462

Year Built

  • Built in 1939

Lot Details

  • 0.39 Acre Lot
  • Lake Front
  • Terraced Lot

Parking

  • 2 Car Detached Garage
  • Second Garage
  • Driveway

Home Design

  • Cabin
  • Fixer Upper
  • Stem Wall Foundation
  • Composition Roof
  • Tongue and Groove Exterior

Interior Spaces

  • 1,646 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Natural Light
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Lake Views
  • Range Hood

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Siuslaw Elementary And Middle School
  • Siuslaw High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Accessibility Features
  • Deck

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0544567

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,462

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 2
  • Year Built: 1939
  • Property Condition: Fixer
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2, Cabin
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Room 12 Features: Fireplace,HardwoodFloors,SlidingDoors
  • Room 13 Features: HardwoodFloors
  • Room 7 Features: HardwoodFloors
  • Special Features: None

Interior Features

  • Accessibility Features: NaturalLighting
  • Total Bathrooms: 1.0
  • Fireplaces: 1
  • Interior Amenities: HardwoodFloors
  • Appliances: Pantry, RangeHood
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt15000to19999
  • Additional Room 10 Level: Main
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: TongueandGroove
  • Exterior Features: Deck, SecondGarage
  • Lot Size: 15,000 to 19,999 SqFt
  • Waterfront: Yes
  • Foundation Details: StemWall
  • View: Yes
  • Lot Features: GentleSloping, Terraced
  • Water Body Name: Mercer Lake
  • Waterfront Features: Lake
  • Disclosures: Exempt
  • Home Warranty: No
  • Roof: Composition
  • View: Lake

Garage/Parking

  • Garage Type: Detached
  • Parking Description: Driveway
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Siuslaw
  • High School: Siuslaw
  • Middle Or Junior School: Siuslaw

Lot Info

  • Farm: No
  • Lot Size Acres: 0.39
  • Lot Size: 217, 92.48, 229, 53
  • Lot Size Sq Ft: 16988.0
  • Parcel #: 0544567

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 3462.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2019
Closed on
Aug 8, 2019
Sold by
U S Bank National Association
Bought by
Hoberg James Eric
Seller's Agent
Alva Bracey
Coldwell Banker Coast Real Est
Buyer's Agent
Jim Hoberg
West Coast Real Estate Service
List Price
$290,000
Sold Price
$397,950
Premium/Discount to List
$107,950
37.22%
Current Estimated Value
$542,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,069
Avg. Annual Appreciation
5.20%
Original Mortgage
$395,000
Outstanding Balance
$346,655
Interest Rate
3.8%
Mortgage Type
Commercial
Estimated Equity
$195,364

Purchase Details

Listed on
Jan 18, 2019
Closed on
Jul 3, 2019
Sold by
Kotaich Kamal A and Kotaich Lori
Bought by
U S Bank National Association
Seller's Agent
Alva Bracey
Coldwell Banker Coast Real Est
Buyer's Agent
Jim Hoberg
West Coast Real Estate Service
List Price
$290,000
Sold Price
$397,950
Premium/Discount to List
$107,950
37.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Outstanding Balance
$346,655
Interest Rate
3.8%
Mortgage Type
Commercial
Estimated Equity
$195,364

Purchase Details

Closed on
Jan 4, 2019
Sold by
Kotaich Kamal A and Kotaich Lori
Bought by
U S Bank Na

Purchase Details

Closed on
Jun 14, 2018
Sold by
Lori Kotaih Kamal A and Lori Kotaih
Bought by
Us Bank Natioanl Association and Gsr Mortgage Loan Trust

Purchase Details

Closed on
Oct 28, 2005
Sold by
Krieger Beth E and Krieger Laird
Bought by
Kotaich Kamal A and Kotaich Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 5, 2004
Sold by
Krieger Beth E
Bought by
Krieger Beth E and Krieger Laird

Purchase Details

Closed on
Mar 27, 2002
Sold by
Shoop James R and Shoop Dorothy A
Bought by
Bunnell Howard J and Bunnell Betty L
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
Hoberg James Eric $397,950 Fidelity Title
U S Bank National Association $651,618 None Available
U S Bank Na $651,618 None Available
Us Bank Natioanl Association $651,618 None Available
Kotaich Kamal A $560,000 Western Title & Escrow Compa
Krieger Beth E -- --
Bunnell Howard J $45,000 Cascade Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoberg James Eric $395,000
Previous Owner Kotaich Kamal A $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $397,950 +37.2% $242 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $290,000 -27.1% $176 / Sq Ft
03/12/2019 03/12/19 Off Market $397,950 -- --
01/15/2019 01/15/19 For Sale $290,000 -- $176 / 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
2024 $4,185 $381,829 -- --
2023 $4,185 $370,708 $0 $0
2022 $3,898 $359,911 $0 $0
2021 $3,789 $349,429 $0 $0
2020 $3,679 $339,252 $0 $0
2019 $3,525 $329,371 $0 $0
2018 $3,462 $310,464 $0 $0
2017 $3,331 $310,464 $0 $0
2016 $3,291 $301,421 $0 $0
2015 $3,201 $292,642 $0 $0
2014 $3,171 $284,118 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alva Bracey

    Seller's Agent in 2019

    Alva Bracey

    Coldwell Banker Coast Real Est

    (541) 505-1180

    109 Total Sales

    Alva Bracey
    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Aric Sneddon

    Coldwell Banker Coast Real Est

    (541) 997-7777

    91 Total Sales

    Aric Sneddon
    Section Image
  • Jim Hoberg

    Buyer's Agent in 2019

    Jim Hoberg

    West Coast Real Estate Service

    (541) 997-7653

    320 Total Sales

    Jim Hoberg
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19615987

Regional Multiple Listing Service (RMLS)

APN: 0544567

Oregon Lane County Florence 97439

5921 Mercer Lake Rd, Florence, OR

This home is located at 5921 Mercer Lake Rd, Florence, OR 97439 since 18 January 2019 and is currently estimated at $542,019, approximately $329 per square foot. This property was built in 1939. 5921 Mercer Lake Rd is a home located in Lane County with nearby schools including Siuslaw Elementary School, Siuslaw Middle School, and Siuslaw High School.

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