NOT LISTED FOR SALE

Estimated Value: $488,000 - $607,000

8 Beds
8 Baths
3,840 Sq Ft
$142/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $525,000 $137 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,284/month

120 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Surveillance System
  • Detached Garage
  • Cooling Available
  • Carpet

About This Home

As of September 2022

Rare opportunity to acquire a conveniently located fourplex with spacious units! This value-add property features 2-bed, 1.5-bath units with living area, full-size kitchen, and in-unit laundry hookups. Each unit has its own detached, enclosed garage and covered patio. With no rent delinquency and great upside, this fourplex is ready for a new owner! As-is appraisal on file above list price. See private remarks and attached documents - selling as-is. One unit currently undergoing extensive renovations (pictured).

Last Agent to Sell the Property

Caspian Hoehne

Merit Commercial RE, LLC License #201234073 Listed on: 04/19/2022

Last Buyer's Agent

Dwayne Yunker

eXp Realty, LLC License #201224401

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,551

Year Built

  • Built in 1976

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Aluminum Window Frames
  • Surveillance System

Kitchen

  • Oven
  • Cooktop

Flooring

  • Carpet
  • Vinyl

Parking

  • Detached Garage
  • Alley Access
  • Gravel Driveway
  • On-Street Parking

Schools

  • Wilson Elementary School
  • Hedrick Middle School
  • North Medford High School

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Exclusions: Tenant personal property.
  • Assessor Parcel Number 10386213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,551

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Architectural Style: Other
  • Unit Levels: Two
  • Lot Size Acres: 0.19
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Subdivision Name: N/A
  • Year Built: 1976
  • Co List Office Phone: 541-608-6704
  • Outside Inclusions: Refrigerators, range/oven combos, dishwashers owned by landlord.
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Wilson Elem
  • General Property Information Middle Or Junior School: Hedrick Middle
  • General Property Information High School: North Medford High
  • General Property Information:Zoning2: C-C
  • General Property Information Audio Surveillance on Premises YN: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Common Walls 2 Common Walls: Yes
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Oven, Refrigerator
  • Flooring: Carpet, Vinyl
  • Window Features: Aluminum Frames, Double Pane Windows
  • Appliances:Oven: Yes
  • Appliances:Cooktop: Yes

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exclusions: Tenant personal property.
  • Construction Materials:Frame: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

  • Parking Features: Alley Access, Concrete, Detached, Gravel, On Street
  • Attached Garage: No
  • Parking Features:Detached: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Concrete2: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Alley Access: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Electric2: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Wilson Elem
  • High School: North Medford High
  • Middle Or Junior School: Hedrick Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 8276.4
  • Parcel #: 10386213
  • ResoLotSizeUnits: Acres
  • Zoning Description: C-C
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3551.35
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2022
Closed on
Sep 28, 2022
Sold by
Drece Llc
Bought by
Ontrack Inc
Seller's Agent
Caspian Hoehne
Merit Commercial RE, LLC
Buyer's Agent
Dwayne Yunker
eXp Realty, LLC
List Price
$585,000
Sold Price
$525,000
Premium/Discount to List
-$60,000
-10.26%
Views
5
Current Estimated Value
$544,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,785
Avg. Annual Appreciation
-0.50%

Purchase Details

Listed on
Apr 19, 2022
Closed on
Sep 20, 2022
Sold by
Drece Llc
Bought by
Drece Llc
Seller's Agent
Caspian Hoehne
Merit Commercial RE, LLC
Buyer's Agent
Dwayne Yunker
eXp Realty, LLC
List Price
$585,000
Sold Price
$525,000
Premium/Discount to List
-$60,000
-10.26%
Views
5

Purchase Details

Closed on
Jan 19, 2022
Sold by
Miles Donald E
Bought by
Drece Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2021
Sold by
Miles Donald E
Bought by
Drece Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.11%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Ontrack Inc $525,000 Ticor Title
Drece Llc -- Ticor Title
Drece Llc $425,000 First American Title
Drece Llc $425,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drece Llc $382,500
Previous Owner Drece Llc $382,500
Previous Owner Miles Donald E $204,750
Previous Owner Miles Donald E $206,237
Previous Owner Miles Donald E $222,000
Previous Owner Miles Donald E $37,000
Previous Owner Miles Donald E $29,989
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $525,000 -10.3% $137 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
04/19/2022 04/19/22 For Sale $585,000 -- $152 / Sq Ft
Source: Oregon Datashare

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 $3,855 $265,790 $87,290 $178,500
2024 $3,855 $258,050 $84,750 $173,300
2023 $3,737 $250,540 $82,280 $168,260
2022 $3,646 $250,540 $82,280 $168,260
2021 $3,551 $243,250 $79,880 $163,370
2020 $3,476 $236,170 $77,560 $158,610
2019 $3,394 $222,630 $73,110 $149,520
2018 $3,307 $216,150 $70,980 $145,170
2017 $3,248 $216,150 $70,980 $145,170
2016 $3,269 $203,750 $66,900 $136,850
2015 $3,142 $203,750 $66,900 $136,850
2014 $3,087 $192,060 $63,050 $129,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220143587

Oregon Datashare

APN: 10386213