NOT LISTED FOR SALE

640 4th (& 409-411 Vine) Ave SW Albany, OR 97321

Central Albany Neighborhood

Estimated Value: $580,247 - $633,000

5 Beds
4.5 Baths
2,996 Sq Ft
$202/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $405,000 $135 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,938/month

141 Days on Market

Highlights

  • Family Room with Fireplace
  • Territorial View
  • Home Office
  • West Albany High School Rated 9+
  • Wood Flooring
  • 5-minute walk to Talking Water Gardens

About This Home

As of March 2020

The main house & duplex were stripped to the studs & rebuilt: updated plumbing, wiring, roofs, sheet rock, texture & paint, all new foundation (House). Newly installed in 2019: birch floors in living room, office and hall, pergo in kitchen and family room and carpet on stairway and entire upstairs. New sink and gas top range in kitchen. Two sided gas fireplace between family and living room. Home and duplex ideal for investment or use the house as residence and apply rent from duplex towards your payment.

Last Listed By

FRANK GAST

CADWELL REALTY GROUP-CORVALLIS License #881000067 Listed on: 06/19/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,669

Year Built

  • Built in 1898

Lot Details

  • 6,970 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Triplex
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,996 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Home Office
  • Territorial Views
  • Unfinished Basement
  • Partial Basement
  • Washer and Dryer Hookup

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4.5 Bathrooms

Outdoor Features

  • Covered Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Renters' personal property
  • Legal Lot and Block 1 / 25

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,047
  • Trash Expense $34
  • Water Sewer Expense $165

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,669

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Home Warranty: Negotiable
  • Range Facility: Built-In, Gas, Range Included
  • Syndicated Remarks: The main house & duplex were stripped to the studs & rebuilt: updated plumbing, wiring, roofs, sheet rock, texture & paint, all new foundation (House). Newly installed in 2019: birch floors in living room, office and hall, pergo in kitchen and family room and carpet on stairway and entire upstairs. New sink and gas top range in kitchen. Two sided gas fireplace between family and living room. Home and duplex ideal for investment or use the house as residence and apply rent from duplex towards your payment.
  • Cross Street: Vine St.
  • Year Built: 1898
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Exclusions: Renters' personal property
  • Fireplace: Family Room, Living Room, Gas
  • Negotiable Inclusions: Ranges, Fridges, dishwasher, washer & dryer in dup
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Wood
  • Total Bathrooms: 4.5
  • Total Bedrooms: 5
  • Basement: Partial, Unfinished
  • Laundry: W/D Hookup
  • Bonus Rooms: Office
  • Price Per Sq Ft: 135.18
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 133.34

Exterior Features

  • Patio: Covered Deck
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Fiber Cement, Wood
  • Siding Style: Lap
  • View: Territorial

Utilities

  • Heating: Forced Air, Gas
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Garbage: 34
  • Insurance: 1047
  • Sewer: City
  • Water/Sewer: 165

Schools

  • Elementary School: Takena
  • Middle School: Memorial
  • High School: West Albany

Lot Info

  • Acres: 0.16
  • Estimated Lot Sq Ft: 6970
  • Lot: 1
  • Lot Type: Dimension Above
  • Price Per Acre: 2496875
  • Zoning: HM
  • Property Use Type: Investment
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 2
  • Assessor Parcel Number: 131256
  • Tax Account Number: 131256
  • Tax Amount: 5669

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2019
Closed on
Mar 5, 2020
Sold by
Buys Jennifer
Bought by
Thompson Jacob Lee and Thompson Lindsey R
Seller's Agent
FRANK GAST
CADWELL REALTY GROUP-CORVALLIS
Buyer's Agent
ELIZABETH LOLLAR
REAL BROKER
List Price
$399,500
Sold Price
$405,000
Premium/Discount to List
$5,500
1.38%
Total Days on Market
141
Current Estimated Value
$606,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,624
Avg. Annual Appreciation
8.06%
Original Mortgage
$391,098
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Apr 23, 2015
Sold by
Parrish Gayle
Bought by
Buys Jennifer D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2014
Sold by
Kroese Dwayne and Kroese Donna
Bought by
Parrish Gayle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
4.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 18, 2008
Sold by
Kroese Dwayne and Kroese Donna
Bought by
Parrish Gayle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,319
Interest Rate
5.65%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 5, 2007
Sold by
Hobart Lawrence L
Bought by
Kroeber Dwayne and Kroeber Donna

Purchase Details

Closed on
Mar 27, 2006
Sold by
Hosford Frances Lucy and Hosford Lucille Frances
Bought by
Hosford Laurence L

Purchase Details

Closed on
Jun 24, 2004
Sold by
Hobart Lawrence L
Bought by
Hobart Lawrence L and Lawrence L Hobart Trust

Range of Values:

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Average Value
Not Available
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
Thompson Jacob Lee $405,000 Fidelity Natl Ttl Co Of Or
Buys Jennifer D $287,000 Foreclosure Management Compa
Parrish Gayle -- Amerititle
Kroese Dwayne -- Amerititle
Parrish Gayle $92,000 Amerititle
Kroeber Dwayne $50,000 None Available
Hosford Laurence L -- None Available
Hobart Lawrence L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Jacob Lee $87,750
Open Thompson Jacob Lee $389,821
Closed Thompson Jacob Lee $391,098
Previous Owner Buys Jennifer D $212,000
Previous Owner Parrish Gayle M $69,500
Previous Owner Parrish Gayle $95,000
Previous Owner Parrish Gayle $24,999
Previous Owner Parrish Gayle $86,319
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2020 03/06/20 Sold $405,000 +1.4% $135 / Sq Ft
12/27/2019 12/27/19 For Sale $399,500 0.0% $133 / Sq Ft
11/07/2019 11/07/19 Pending -- -- --
08/20/2019 08/20/19 Price Changed $399,500 -1.3% $133 / Sq Ft
06/19/2019 06/19/19 For Sale $404,900 -- $135 / Sq Ft
Source: Willamette Valley MLS

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 $6,711 $337,170 -- --
2023 $6,520 $327,350 $0 $0
2022 $6,417 $317,820 $0 $0
2021 $6,039 $308,570 $0 $0
2020 $5,959 $299,590 $0 $0
2019 $5,819 $290,870 $0 $0
2018 $5,669 $282,400 $0 $0
2017 $5,503 $274,180 $0 $0
2016 $4,913 $266,200 $0 $0
2015 $4,706 $258,450 $0 $0
2014 -- $173,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • FRANK GAST

    Seller's Agent in 2020

    FRANK GAST

    CADWELL REALTY GROUP-CORVALLIS

    (541) 760-6785

    26 Total Sales

    FRANK GAST
    Section Image
  • ANNELIESE GAST

    Seller Co-Listing Agent in 2020

    ANNELIESE GAST

    RE/MAX

    (541) 224-1555

    51 Total Sales

    ANNELIESE GAST
    Section Image

  • E

    Buyer's Agent in 2020

    ELIZABETH LOLLAR

    REAL BROKER

    (503) 949-5532

    4 Total Sales

    ELIZABETH LOLLAR
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 750665

Willamette Valley MLS

APN: 0131256

Oregon Linn County Albany 97321 Central Albany

640 4th (& 409-411 Vine) Ave SW, Albany, OR

Homes for Sale in Albany, OR

This home is located at 640 4th (& 409-411 Vine) Ave SW, Albany, OR 97321 since 19 June 2019 and is currently estimated at $606,624, approximately $202 per square foot. This property was built in 1898. 640 4th (& 409-411 Vine) Ave SW is a home located in Linn County with nearby schools including Central Elementary School, Takena Elementary School, and Memorial Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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