NOT LISTED FOR SALE

855 NE Larch Ave Redmond, OR 97756

Estimated Value: $570,144 - $598,000

6 Beds
6 Baths
2,708 Sq Ft
$217/Sq Ft Est. Value

Last Sold May 04, 2022

Last sale price $520,000 $192 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,492/month

4 Days on Market

Highlights

  • Northwest Architecture
  • No HOA
  • Bathtub with Shower
  • Corner Lot
  • Walk-In Closet
  • Fenced

About This Home

As of May 2022

Fantastic investment opportunity! This Duplex sits on a .21 acre, corner lot in Redmond. Each unit has 3 bedrooms and 2 bathrooms upstairs as well as a half bath downstairs. Nice sized, fully fenced backyard on each side. Single car garage for each unit. Exterior paint was done in late 2019. Interior paint in 855 unit done in July 2020, updated stainless steel appliances. 853 unit has white appliances. Current rents are $1395 and $1475. Rents increase in July to $1620 and $1530! Managed by a professional property management company. All this close to the hospital, eateries, shops and more!

Last Agent to Sell the Property

Erin Fielder

Stellar Realty Northwest License #201216824 Listed on: 04/14/2022

Co-Listed By

Michelle Henry

Ninebark Real Estate License #201222274

Last Buyer's Agent

Melodee Radcliffe

Keller Williams Realty Central Oregon License #201211946

Keller Williams Realty Central Oregon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,833

Year Built

  • Built in 2005

Lot Details

  • 9,148 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Corner Lot

Parking

  • Driveway

Home Design

  • Duplex
  • Northwest Architecture
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Schools

  • Tom Mccall Elementary School
  • Elton Gregory Middle School
  • Redmond High School

Utilities

  • No Cooling
  • Heating Available

Community Details

  • No Home Owners Association
  • 2 Units
  • Guys Acres Subdivision

Listing and Financial Details

  • Exclusions: All tenants personal property
  • Tax Lot 8
  • Assessor Parcel Number 239609

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,833

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Architectural Style: Northwest
  • Unit Levels: Two
  • Lot Size Acres: 0.21
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Subdivision Name: Guys Acres
  • Year Built: 2005
  • Co List Office Mls Id: ocSTELLAR
  • Co List Office Phone: 541-508-3148
  • Co List Office Phone: 541-508-3148
  • Outside Inclusions: All kichen appliances and washrs dryers
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Tom McCall Elem
  • General Property Information Middle Or Junior School: Elton Gregory Middle
  • General Property Information High School: Redmond High
  • General Property Information:Zoning2: R5
  • General Property Information Audio Surveillance on Premises YN: No
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 8
  • General Property Information New Construction YN: No
  • Location Tax and Legal:Tax Block: -
  • Flooring Laminate: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Architectural Style Northwest: Yes
  • Common Walls 1 Common Wall: Yes
  • Special Features: None

Interior Features

  • Fireplace Features: Living Room
  • Flooring: Carpet, Laminate
  • Interior Amenities: Laminate Counters, Shower/Tub Combo, Walk-In Closet(s)
  • Fireplace: Yes
  • Interior Features:Laminate Counters: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features ShowerTub Combo: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Lot Features: Corner Lot, Fenced
  • Roof: Composition
  • Exclusions: All tenants personal property
  • Lot Features:Fenced: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes

Utilities

  • Cooling: None
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Tom McCall Elem
  • High School: Redmond High
  • Middle Or Junior School: Elton Gregory Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 9147.6
  • Parcel #: 239609
  • ResoLotSizeUnits: Acres
  • Zoning Description: R5
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3832.59
  • Tax Block: -
  • Tax Lot: 8
  • Tax Map Number: 151310BA05300
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2017
Closed on
Oct 27, 2017
Sold by
Murchie Richard R
Bought by
Winslow John Stewart and Winslow Katie Susanna
Seller's Agent
Jim Birtola
High Desert Realty, LLC
Buyer's Agent
Susie Biggs
High Desert Realty, LLC
List Price
$295,000
Sold Price
$295,000
Current Estimated Value
$587,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,036
Avg. Annual Appreciation
9.08%
Original Mortgage
$221,250
Outstanding Balance
$185,053
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$401,983

Purchase Details

Closed on
Oct 21, 2016
Sold by
Salmon Estates Llc
Bought by
Murchie Richard R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 10, 2008
Sold by
Murchie Richard
Bought by
Salmon Estates Llc

Purchase Details

Closed on
Sep 2, 2005
Sold by
Methvin Leon
Bought by
Murchie Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 29, 2005
Sold by
Nathal Llc
Bought by
Methvin Leon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 18, 2005
Sold by
Nathal Llc
Bought by
Methvin Leon

Purchase Details

Closed on
Jul 30, 2003
Sold by
Red Mountain Investments Llc
Bought by
Nathal Llc
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
Winslow John Stewart $295,000 Western Title & Escrow
Murchie Richard R -- Deschutes County Title Co
Salmon Estates Llc -- None Available
Murchie Richard $257,500 Western Title & Escrow Co
Methvin Leon -- Western Title & Escrow Co
Methvin Leon $65,000 Amerititle
Nathal Llc $56,900 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winslow John Stewart $221,250
Previous Owner Murchie Richard R $196,000
Previous Owner Murchie Richard $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2022 05/04/22 Sold $520,000 -6.3% $192 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $555,000 +88.1% $205 / Sq Ft
10/31/2017 10/31/17 Sold $295,000 0.0% $109 / Sq Ft
09/30/2017 09/30/17 Pending -- -- --
09/30/2017 09/30/17 For Sale $295,000 -- $109 / 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
2024 $4,559 $226,270 -- --
2023 $4,360 $219,680 $0 $0
2022 $3,964 $207,080 $0 $0
2021 $3,833 $201,050 $0 $0
2020 $3,659 $201,050 $0 $0
2019 $3,500 $195,200 $0 $0
2018 $3,412 $189,520 $0 $0
2017 $3,331 $184,000 $0 $0
2016 $3,285 $178,650 $0 $0
2015 $3,185 $173,450 $0 $0
2014 $3,101 $168,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220142785

Oregon Datashare

APN: 239609