Seller's Agent in 2023
Eric Smith
Heart and Home Real Estate
(541) 952-2118
4 in this area
86 Total Sales
688 E 40th Ave Eugene, OR 97405
Southeast Eugene NeighborhoodEstimated Value: $538,000 - $580,000
4
Beds
2
Baths
1,856
Sq Ft
$302/Sq Ft
Est. Value
Highlights
- Corner Lot
- 2 Car Attached Garage
- Baseboard Heating
- Edgewood Community Elementary School Rated 9+
- Landscaped with Trees
- Gentle Sloping Lot
About This Home
As of October 2023Well Maintained and updated Duplex in Tranquil SE Eugene Location -Ideal Proximity to UofO and Downtown. Welcome to this meticulously maintained duplex nestled in the peaceful heart of SE Eugene. This charming property offers the perfect blend of serenity in a quiet neighborhood while also enjoying the convenience of easy access to bus lines leading to the University of Oregon and downtown, and steps away distance to groceries, restaurants, and shops. Featuring two bedrooms per side, each unit provides comfortable living arrangements. The inclusion of a one-car garage with each unit ensures ample parking and storage options for residents. The low-maintenance fenced yard adds an extra layer of privacy and ease to your lifestyle. Inside, the timeless allure of wood floors creates an inviting atmosphere, with the convenience of indoor laundry facilities simplifies daily tasks. This duplex is not just a place to reside; it's a welcoming and well-kept haven that offers a perfect blend of convenience and comfort in one of Eugene's most sought-after neighborhoods. Rare opportunity with both sides available for options like - Airbnb one or both sides, live in one and rent the other, or dual independent living. Don't miss your opportunity to explore this outstanding property and its potential for investment or owner-occupied living.
Last Agent to Sell the Property
Heart and Home Real Estate Brokerage Phone: 541-253-4090 License #201244122 Listed on: 09/28/2023
Co-Listed By
Heart and Home Real Estate Brokerage Phone: 541-253-4090 License #201204693
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,080
Year Built
- Built in 1962
Lot Details
- Corner Lot
- Gentle Sloping Lot
- Landscaped with Trees
Parking
- 2 Car Attached Garage
Home Design
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,856 Sq Ft Home
- Crawl Space
Schools
- Camas Ridge Elementary School
- Spencer Butte Middle School
- South Eugene High School
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 0671444
Community Details
Overview
- 2 Units
Building Details
- Gross Income $11,400
- Net Operating Income $11,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2023
Closed on
Oct 26, 2023
Sold by
Magdalena Parker Trust
Bought by
Rausch Leah and Rohan Catherine
Seller's Agent
Eric Smith
Heart and Home Real Estate
Buyer's Agent
Ashley Force
Keller Williams Realty Eugene and Springfield
List Price
$579,000
Sold Price
$579,000
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,917
Avg. Annual Appreciation
-1.43%
Original Mortgage
$434,250
Outstanding Balance
$425,413
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$135,670
Purchase Details
Listed on
Sep 5, 2014
Closed on
Dec 22, 2014
Sold by
Parker Magdalena M
Bought by
Parker Magdalena M and Magdalena Parker Trust
Seller's Agent
Kit Sixel
Sixel Real Estate
Buyer's Agent
John Romito
Heart and Home Real Estate
List Price
$270,000
Sold Price
$253,000
Premium/Discount to List
-$17,000
-6.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.82%
Original Mortgage
$188,250
Interest Rate
3.96%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 5, 2014
Closed on
Dec 11, 2014
Sold by
Marlow Thomas U and Marlow Elisabeth A
Bought by
Paker Magdalena M
Seller's Agent
Kit Sixel
Sixel Real Estate
Buyer's Agent
John Romito
Heart and Home Real Estate
List Price
$270,000
Sold Price
$253,000
Premium/Discount to List
-$17,000
-6.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,250
Interest Rate
3.96%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rausch Leah | $579,000 | Fidelity National Title | |
| Parker Magdalena M | -- | Cascade Title Company | |
| Paker Magdalena M | $251,000 | Cascade Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rausch Leah | $434,250 | |
| Previous Owner | Paker Magdalena M | $188,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/27/2023 10/27/23 | Sold | $579,000 | 0.0% | $312 / Sq Ft | |
| 09/28/2023 09/28/23 | Pending | -- | -- | -- | |
| 09/28/2023 09/28/23 | For Sale | $579,000 | +128.9% | $312 / Sq Ft | |
| 12/26/2014 12/26/14 | Sold | $253,000 | -6.3% | $133 / Sq Ft | View Prior Sale |
| 11/28/2014 11/28/14 | Pending | -- | -- | -- | |
| 09/05/2014 09/05/14 | For Sale | $270,000 | -- | $142 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $4,410 | $226,338 | -- | -- |
| 2024 | $4,355 | $219,746 | -- | -- |
| 2023 | $4,355 | $213,346 | $0 | $0 |
| 2022 | $4,080 | $207,133 | $0 | $0 |
| 2021 | $3,832 | $201,100 | $0 | $0 |
| 2020 | $3,846 | $195,243 | $0 | $0 |
| 2019 | $3,714 | $189,557 | $0 | $0 |
| 2018 | $3,488 | $178,676 | $0 | $0 |
| 2017 | $3,289 | $178,676 | $0 | $0 |
| 2016 | $3,094 | $173,472 | $0 | $0 |
| 2015 | $3,026 | $168,419 | $0 | $0 |
| 2014 | $3,099 | $163,514 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Smith
-
John Romito
Seller Co-Listing Agent in 2023
John Romito
Heart and Home Real Estate
(541) 253-4090
6 in this area
183 Total Sales
-
Ashley Force
Buyer's Agent in 2023
Ashley Force
Keller Williams Realty Eugene and Springfield
(541) 239-8420
37 in this area
176 Total Sales
-
Kit Sixel
Seller's Agent in 2014
Kit Sixel
Sixel Real Estate
(541) 954-1915
7 in this area
205 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 23407679
APN: 0671444
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.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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