NOT LISTED FOR SALE

618 Railroad St Myrtle Point, OR 97458

Estimated Value: $265,057

7 Beds
4 Baths
2,200 Sq Ft
$120/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $189,000 $86 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,582/month

10 Days on Market

About This Home

As of June 2021

Great investment opportunity! This 4 unit investment property has a great consistent rental history. Well maintained and ready for a new owner! New roof in 2018, units include laminate flooring, carpet, fridge and range.

Last Agent to Sell the Property

Sadena Abell

Pacific Coast Real Estate & Development, LLC License #200201254 Listed on: 04/27/2021

Co-Listed By

Stacie Rudolfs

Keller Williams Southern Oregon Coastal Real Estate Group License #201213102

Last Buyer's Agent

Jessica O'Brien

Circa Rose Realty, LLC License #200604125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,784

Year Built

  • Built in 1908

Lot Details

  • 4,574

Home Design

  • Wood Siding

Utilities

  • Electric Water Heater

Community Details

  • 10 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,784

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2200
  • Year Built: 1908
  • Remarks Public: Great investment opportunity! This 4 unit investment property has a great consistent rental history. Well maintained and ready for a new owner! New roof in 2018, units include laminate flooring, carpet, fridge and range.
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: 29 12 16 tl 11100

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 3,000 to 4,999 SqFt
  • Road Surface: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard

Schools

  • Elementary School: Myrtle Crest
  • Middle School: Myrtle Point
  • High School: Myrtle Point

Lot Info

  • Zoning: CR

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 1586.95
  • Tax Deferral: Yes
  • Assessor Parcel Number: 3447500
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 10

MLS Schools

  • Elementary School: Myrtle Crest
  • High School: Myrtle Point
  • Middle School: Myrtle Point

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2024
Sold by
Th9 Llc
Bought by
Th6 Llc
Current Estimated Value
$265,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,321,000
Outstanding Balance
$4,248,858
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
-$3,983,801

Purchase Details

Listed on
Apr 27, 2021
Closed on
May 27, 2021
Sold by
Noochi Lewis
Bought by
Th9 Llc
Seller's Agent
Sadena Abell
Pacific Coast Real Estate & Development, LLC
Buyer's Agent
Jessica O'Brien
Circa Rose Realty, LLC
List Price
$189,000
Sold Price
$189,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Th6 Llc -- Servicelink Title
Th9 Llc $189,000 First Amer Ttl Lake Oswego
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Th6 Llc $4,321,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $189,000 0.0% $86 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $189,000 -- $86 / 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 $1,784 $106,250 -- --
2023 $1,702 $103,160 $0 $0
2022 $1,675 $100,160 $0 $0
2021 $1,632 $97,250 $0 $0
2020 $1,587 $97,250 $0 $0
2019 $1,518 $91,670 $0 $0
2018 $1,476 $89,000 $0 $0
2017 $1,437 $86,410 $0 $0
2016 $1,132 $72,960 $0 $0
2015 $1,408 $81,070 $0 $0
2014 $1,408 $79,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21239717

Regional Multiple Listing Service (RMLS)

APN: 1003447500