$380,000
SOLD NOV 12, 2024
-- Bed
-- Bath
1,872 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

1% Above List Price

7 Days on Market

About This Home

As of November 2024

INVESTOR ALERT! Discover a fantastic opportunity with this multi-family property at 603-605 61st St in Springfield, Oregon. This new listing offers two bedrooms and one and a half bathrooms, making it perfect for those looking to invest or live in a bustling neighborhood. The property's renovation potential opens up endless possibilities to add value and create your dream space.Located in a vibrant area, you'll find Thurston High School just a short walk away, ideal for families with teenagers. Nature lovers will appreciate the proximity to Thurston Park, perfect for outdoor activities and relaxation. Convenience is key with Albertsons grocery store nearby for all your shopping needs.The property's price point makes it an attractive option for first-time buyers or investors looking to expand their portfolio. With ample parking available, you'll never have to worry about finding a spot for your vehicles. Plus, the potential for rental income makes this a smart investment opportunity.Public transportation is easily accessible, with Thurston Station just a short distance away, connecting you to the wider Springfield area. Don't miss out on this chance to own a versatile property in a thriving community!

Last Agent to Sell the Property

Sandra Boyst

ICON Real Estate Group Brokerage Email: ICON@TheICONREGroup.com License #201208715 Listed on: 10/15/2024

ICON Real Estate Group

Last Buyer's Agent

Tim Duncan

Tim Duncan Real Estate License #201208654

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,435

Year Built

  • Built in 1974

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property

Schools

  • Ridgeview Elementary School
  • Thurston Middle School
  • Thurston High School

Utilities

  • No Cooling
  • Zoned Heating
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0138840

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,434
  • Gross Income $36,000
  • Net Operating Income $32,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,435

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1974
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0

Utilities

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

Schools

  • Elementary School: Ridgeview
  • High School: Thurston
  • Middle Or Junior School: Thurston

Lot Info

  • Zoning: LD
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 0138840

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3435.04

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 10.42
  • Annual Gross Income: 36000.0
  • Property Net Operating Income: 32500.0
  • Annual Operating Expense: 3434.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2024
Closed on
Nov 7, 2024
Sold by
Mitchell Rodney E
Bought by
Bluespring Properties Llc
Seller's Agent
Sandra Boyst
ICON Real Estate Group
Buyer's Agent
Tim Duncan
Tim Duncan Real Estate
List Price
$375,000
Sold Price
$380,000
Premium/Discount to List
$5,000
1.33%
Views
8
Current Estimated Value
$382,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,380
Avg. Annual Appreciation
0.83%

Purchase Details

Closed on
Feb 28, 2013
Sold by
Mitchell Michelle A
Bought by
Mitchell Rodney E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2002
Sold by
Townsend Jones Lynn M
Bought by
Mitchell Rodney E and Mitchell Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
5.86%

Purchase Details

Closed on
Jun 16, 2000
Sold by
Neal Monya M and Neal Glen V
Bought by
Townsend Jones Lynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,900
Interest Rate
8.27%
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 Type Sale Price Title Company
Warranty Deed $380,000 Evergreen Land Title
Interfamily Deed Transfer -- Evergreen Land Title
Warranty Deed $157,000 Western Pioneer Title Co
Warranty Deed $139,900 Western Pioneer Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $138,750 New Conventional
Previous Owner $123,300 New Conventional
Previous Owner $141,300 No Value Available
Previous Owner $111,900 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Sold $380,000 +1.3% $203 / Sq Ft
10/22/2024 10/22/24 Pending -- -- --
10/15/2024 10/15/24 For Sale $375,000 -- $200 / 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 $3,588 $187,449 $0 $0
2022 $3,323 $181,990 $0 $0
2021 $3,263 $176,690 $0 $0
2020 $3,168 $171,544 $0 $0
2019 $3,073 $166,548 $0 $0
2018 $2,896 $156,988 $0 $0
2017 $2,785 $156,988 $0 $0
2016 $2,727 $152,416 $0 $0
2015 $2,649 $147,977 $0 $0
2014 $2,609 $143,667 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24322047

Regional Multiple Listing Service (RMLS)

APN: 0138840