NOT LISTED FOR SALE

625 Maryland St North Bend, OR 97459

Estimated Value: $405,000

4 Beds
3 Baths
2,670 Sq Ft
$152/Sq Ft Est. Value

Last Sold April 19, 2022

Last sale price $321,000 $120 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,454/month

4 Days on Market

Highlights

  • Bay View
  • Zoned Heating
  • Wood Siding
  • Corner Lot

About This Home

As of April 2022

GREAT OPPORTUNITY TO OWN & ADD _3_ DOORS TO YOUR INVESTMENT PORTFOLIO! Main 2/1 Unit Occupied w/Long-Term Tenant, other TWO UNITS VACANT! Previously below Market Rent, a small increase to the Vacant Units WOULD CREATE A 6.2% CAP RATE AT LIST PRICE! UNPRECEDENTED LOCATION w/Market & Deli around the Corner, and HILLCREST SCHOOL only a few Blocks away! Bay view from upstairs Unit! A little elbow grease would go A LONG WAY in INCREASING THE VALUE OF THIS ALREADY ESTABLISHED INVESTMENT!

Last Agent to Sell the Property

Joe Bollig

Pacific Properties License #201227582 Listed on: 03/08/2022

Last Buyer's Agent

Melanee Woodman

Ocean Dunes Realty License #201213207

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,226

Year Built

  • Built in 1930

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,670 Sq Ft Home
  • Bay Views

Schools

  • Hillcrest Elementary School
  • North Bend Middle School
  • North Bend High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number 6031500

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $2,637
  • Gross Income $16,920
  • Net Operating Income $14,283

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,226

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1930
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Block, ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Bay

Garage/Parking

  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Hillcrest
  • High School: North Bend
  • Middle Or Junior School: North Bend

Lot Info

  • Zoning: R-5
  • Parcel #: 6031500

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 2225.91

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 19.5
  • Annual Gross Income: 16920.0
  • Property Net Operating Income: 14283.0
  • Annual Operating Expense: 2637.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2023
Sold by
Toledo Sonia
Bought by
Soncha Development Llc
Total Days on Market
4
Current Estimated Value
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Outstanding Balance
$360,258
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$44,742

Purchase Details

Listed on
Mar 8, 2022
Closed on
Apr 18, 2022
Sold by
Dennis Powell
Bought by
Soncha Development Llc
Seller's Agent
Joe Bollig
Pacific Properties
Buyer's Agent
Melanee Woodman
Ocean Dunes Realty
List Price
$330,000
Sold Price
$321,000
Premium/Discount to List
-$9,000
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%
Original Mortgage
$332,500
Interest Rate
4.17%
Mortgage Type
Construction
Source: Public Records

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Range of Values:

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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
Soncha Development Llc -- Ticor Title
Toledo Sonia -- Ticor Title
Soncha Development Llc $321,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toledo Sonia $369,000
Previous Owner Soncha Development Llc $332,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2022 04/19/22 Sold $321,000 -2.7% $120 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $330,000 -- $124 / 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 $2,263 $147,050 -- --
2023 $2,196 $142,770 $0 $0
2022 $2,173 $138,620 $0 $0
2021 $2,226 $134,590 $0 $0
2020 $2,085 $134,590 $0 $0
2019 $1,994 $126,870 $0 $0
2018 $1,938 $123,180 $0 $0
2017 $1,884 $119,600 $0 $0
2016 $1,827 $116,120 $0 $0
2015 $1,692 $112,740 $0 $0
2014 $1,692 $109,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22005949

Regional Multiple Listing Service (RMLS)

APN: 1006031500