NOT LISTED FOR SALE

648 W 5th Ave Eugene, OR 97402

Whiteaker Neighborhood

Estimated Value: $509,000 - $620,780

7 Beds
4 Baths
3,188 Sq Ft
$174/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $415,000 $130 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,260/month

143 Days on Market

Highlights

  • Storage
  • Controlled Entrance
  • Wood Siding
  • Baseboard Heating
  • Level Lot

About This Home

As of February 2022

Historic home converted to apartments in the 1960's. Two 1 bedroom units on main level, 3 bedroom unit upstairs (side access) & rear access to basement apartment (remodeled 2017). New roof 2010. West basement wall (along driveway) waterproofed by John's Waterproofing 2016. Separate hot water heaters & electric meters for each unit. Ample parking & alley access. Large private storage room with laundry hook-ups (could be common laundry). Interior photos prior to occupation. Sold 'as-is'.

Last Agent to Sell the Property

Brian Kester

Bell Real Estate License #960300102 Listed on: 08/19/2021

Last Buyer's Agent

Jennifer Gillespie

eXp Realty, LLC License #201234483

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,459

Year Built

  • Built in 1900

Lot Details

  • Level Lot

Home Design

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

Interior Spaces

  • 3,188 Sq Ft Home
  • 3-Story Property
  • Storage

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Exterior Basement Entry
  • Apartment Living Space in Basement

Parking

  • Open Parking
  • Controlled Entrance

Schools

  • River Road Elementary School
  • Kelly Middle School
  • North Eugene High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 0263838

Community Details

Overview

  • 4 Units
  • Property managed by Bell Real Estate, Inc.

Building Details

  • Operating Expense $19,436
  • Gross Income $35,895
  • Net Operating Income $16,459

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,459

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1900
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, Finished, SeparateLivingQuartersApartmentAuxLivingUnit
  • Storage: Attached
  • Total Bedrooms: 7
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Block, ConcretePerimeter, Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Management Name: Bell Real Estate, Inc.
  • Management Phone: 541-688-2060

Schools

  • Elementary School: River Road
  • High School: North Eugene
  • Middle Or Junior School: Kelly

Lot Info

  • Zoning: R-2/SR
  • Parcel #: 0263838

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 3458.65

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.54
  • Annual Gross Income: 35895.0
  • Property Net Operating Income: 16459.0
  • Annual Operating Expense: 19436.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2025
Sold by
Hoffman Michael H
Bought by
Willowhuasca Wellness Inc
Current Estimated Value
$555,695

Purchase Details

Listed on
Aug 19, 2021
Closed on
Feb 11, 2022
Sold by
Moynell Kilgannon-Schmidt Mary
Bought by
Hoffman Michael H
Seller's Agent
Brian Kester
Bell Real Estate
Buyer's Agent
Jennifer Gillespie
eXp Realty, LLC
List Price
$485,000
Sold Price
$415,000
Premium/Discount to List
-$70,000
-14.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$311,250
Interest Rate
3.69%

Purchase Details

Closed on
Sep 12, 2017
Sold by
Intervivos Schmidt Moynell
Bought by
Kilgannon Schmidt Mary Moynell and Kilgannon Martz Marianne
Source: Public Records

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
Willowhuasca Wellness Inc -- None Listed On Document
Hoffman Michael H $415,000 Cascade Title
Kilgannon Schmidt Mary Moynell -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoffman Michael H $311,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $415,000 -7.8% $130 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
10/05/2021 10/05/21 Price Changed $450,000 -7.2% $141 / Sq Ft
09/06/2021 09/06/21 For Sale $485,000 0.0% $152 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $485,000 -- $152 / 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
2025 $3,980 $204,281 -- --
2024 $3,931 $198,332 -- --
2023 $3,931 $192,556 $0 $0
2022 $3,682 $186,948 $0 $0
2021 $3,459 $181,503 $0 $0
2020 $3,471 $176,217 $0 $0
2019 $3,352 $171,085 $0 $0
2018 $3,155 $161,264 $0 $0
2017 $3,014 $161,264 $0 $0
2016 $2,939 $156,567 $0 $0
2015 $2,855 $152,007 $0 $0
2014 $2,797 $147,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Kester

    Seller's Agent in 2022

    Brian Kester

    Bell Real Estate

    (541) 688-2060

    1 in this area

    21 Total Sales

    Brian Kester
    Section Image

  • J

    Buyer's Agent in 2022

    Jennifer Gillespie

    eXp Realty, LLC

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21243644

Regional Multiple Listing Service (RMLS)

APN: 0263838

Oregon Lane County Eugene 97402 Whiteaker

648 W 5th Ave, Eugene, OR

Not Listed for Sale

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