NOT LISTED FOR SALE

742 SW 4th St Madras, OR 97741

Estimated Value: $297,000

0.56 Acre
$530,357 Price per Acre
24,394 Sq Ft Lot

Last Sold June 28, 2024

Last sale price $495,000

Est. 40% decrease in value since last sale

Current estimated payment $1,615/month

207 Days on Market

About This Lot

As of June 2024

* Four tax lots totaling 0.56 Acres.
* Investment includes existing building with drive-thru.
* Located along the man through fare with traffic counts exceeding 9,594 AADT.
* Month-to-Month lease in place with long term tenant.

Last Agent to Sell the Property

Dan Kemp

Compass Commercial Real Estate License #201203140 Listed on: 11/28/2023

Compass Commercial Real Estate

Last Buyer's Agent

Russell Huntamer

Compass Commercial Real Estate License #200407143

Compass Commercial Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,402

Lot Details

  • 0.56 Acre Lot
  • Additional Parcels
  • Property is zoned C3, C3

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Depot Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0015-9707

Property Details

Property Type

Land

Est. Annual Taxes

$4,402

Lot Details

0

Listing Details

  • Garage Yn: No
  • Lot Size Acres: 0.56
  • Prop. Type: Land
  • Property Sub Type: Commercial
  • Subdivision Name: Depot
  • Co List Office Phone: 541-383-2444
  • MLS Status: Closed
  • General Property Information Elementary School: Check with District
  • General Property Information Middle Or Junior School: Check with District
  • General Property Information High School: Check with District
  • General Property Information:Zoning2: C3
  • General Property Information Senior Community YN: No
  • General Property Information Audio Surveillance on Premises YN: No
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Water Source:Public: Yes
  • Utilities:Electricity Connected: Yes
  • Special Features: None

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Check with District
  • High School: Check with District
  • Middle Or Junior School: Check with District

Lot Info

  • Additional Parcels Description: 111311DA09701, 09800, 09900, 10000
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 24393.6
  • Parcel #: 0015-9707
  • Irrigation Water Rights: No
  • Current Use: Commercial
  • ResoLotSizeUnits: Acres
  • Zoning Description: C3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4401.77
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2023
Closed on
Jun 27, 2024
Sold by
Toney Properties Llc
Bought by
Lucy & Sons Properties Llc
Seller's Agent
Dan Kemp
Compass Commercial Real Estate
Buyer's Agent
Russell Huntamer
Compass Commercial Real Estate
List Price
$495,000
Sold Price
$495,000
Views
25
Current Estimated Value
$297,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$198,000
Original Mortgage
$345,000
Outstanding Balance
$274,945
Interest Rate
7.02%
Mortgage Type
Seller Take Back
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
Lucy & Sons Properties Llc $495,000 Western Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucy & Sons Properties Llc $345,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $495,000 0.0% --
06/21/2024 06/21/24 Pending -- -- --
11/27/2023 11/27/23 For Sale $495,000 -- --
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
2024 $412 $19,810 -- --
2023 $386 $19,240 $0 $0
2022 $380 $18,680 $0 $0
2021 $364 $18,140 $0 $0
2020 $357 $17,620 $0 $0
2019 $344 $17,110 $0 $0
2018 $334 $16,620 $0 $0
2017 $321 $16,140 $0 $0
2016 $311 $15,670 $0 $0
2015 $297 $15,220 $0 $0
2014 $297 $14,780 $0 $0
2013 $307 $14,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220174366

Oregon Datashare

APN: 111311-DA-09800