Seller's Agent in 2024
Melanie Estes
eXp Realty, LLC
(541) 291-7886
3 in this area
139 Total Sales
701 Caves Hwy Cave Junction, OR 97523
--
Bed
--
Bath
2,336
Sq Ft
2.48
Acres
Highlights
- 2.48 Acre Lot
- Cottage
- 1-Story Property
- No HOA
- Shed
- Level Lot
About This Home
As of September 2024Attention Investors! This four unit investment property is a money maker! Check it out- units 1&2 are 1 bedroom-1 bathroom cottages that rent for $825 each. Unit 3 is a 2 bedroom-1 bathroom cottage that rents for $875 a month and a 2 bedroom -1 bathroom, 1056 SqFt modular home that rents for $975. All units are occupied with long term tenants. This property has a net operating income of over $31,000 a year with 12% cap rate. Owner carry options available. Don't let this opportunity pass you by! Call today for more details!
Last Agent to Sell the Property
eXp Realty, LLC License #201217144 Listed on: 09/13/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,659
Year Built
- Built in 1970
Lot Details
- 2.48 Acre Lot
- 1 Common Wall
- Level Lot
Parking
- Shared Driveway
Home Design
- Quadruplex
- Cottage
- Pillar, Post or Pier Foundation
- Block Foundation
- Frame Construction
- Composition Roof
- Modular or Manufactured Materials
Interior Spaces
- 1-Story Property
- Vinyl Flooring
- <<OvenToken>>
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Shed
- Storage Shed
Schools
- Evergreen Elementary School
- Lorna Byrne Middle School
- Illinois Valley High School
Utilities
- No Cooling
- Heating Available
- Well
- Septic Tank
- Phone Available
- Cable TV Available
Listing and Financial Details
- Exclusions: Tenants Property
- Tax Lot 602
- Assessor Parcel Number R330405
Community Details
Overview
- No Home Owners Association
- 4 Units
- Josephine Addition To Grants Pass Subdivision
Building Details
- Professional Management Expense $2,400
- Gross Income $42,000
- Net Operating Income $31,335
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 13, 2024
Closed on
Sep 30, 2024
Sold by
Randall L And Wendy Fong Trust and Fong Wendy
Bought by
Sherburn Christina and Sherburn Gregory Allen
Seller's Agent
Melanie Estes
eXp Realty, LLC
Buyer's Agent
China Rose
eXp Realty, LLC
List Price
$259,000
Sold Price
$259,000
Views
6
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
$11,924
Avg. Annual Appreciation
5.63%
Purchase Details
Closed on
Aug 25, 2005
Sold by
Denton Wilber M and Denton Caroline L
Bought by
Fong Randall Lee and Fong Wendy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.64%
Mortgage Type
Commercial
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $259,000 | First American Title | |
| Warranty Deed | $252,500 | First American |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $202,500 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2024 09/30/24 | Sold | $259,000 | 0.0% | $111 / Sq Ft |
| 09/17/2024 09/17/24 | Pending | -- | -- | -- |
| 09/13/2024 09/13/24 | For Sale | $259,000 | -- | $111 / Sq Ft |
Source: Oregon Datashare
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 |
|---|---|---|---|---|
| 2024 | $1,887 | $181,790 | -- | -- |
| 2023 | $1,659 | $176,500 | $0 | $0 |
| 2022 | $1,659 | $171,360 | -- | -- |
| 2021 | $1,554 | $166,370 | $0 | $0 |
| 2020 | $1,587 | $161,530 | $0 | $0 |
| 2019 | $1,542 | $156,830 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Melanie Estes
-
China Rose
Buyer's Agent in 2024
China Rose
eXp Realty, LLC
(541) 951-9281
8 in this area
84 Total Sales
Map
Source: Oregon Datashare
MLS Number: 220189793
APN: R330405
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