NOT LISTED FOR SALE

86 SW 1st St Madras, OR 97741

Estimated Value: $256,222 - $301,000

2 Beds
2 Baths
1,312 Sq Ft
$213/Sq Ft Est. Value

Last Sold October 24, 2018

Last sale price $110,000 $84 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $1,643/month

14 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Heating Available

About This Home

As of October 2018

If you want an investment opportunity in Central Oregon this is it! It is a great cash flow opportunity as- is, and with some TLC has amazing potential for even higher monthly income. The additional 200 sq ft studio rents for $400 per month and could be lived in while fixing up the other two units. This Fixer Upper sits on 1-1/2 city lots with plenty of room for a bigger future project.

Last Agent to Sell the Property

Lana Wittmer

Jeff Larkin Realty Brokerage Email: jeff@jefflarkinrealty.com License #201215258 Listed on: 07/24/2018

Last Buyer's Agent

Barbara Barany

Windermere Realty Trust License #201106080

Windermere Realty Trust

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,180

Year Built

  • Built in 1955

Lot Details

  • 7,841

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Ranch Style House
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Kitchen

  • Oven
  • Range

Schools

  • Madras Elementary School
  • Jefferson County Middle School
  • Madras High School

Utilities

  • Heating Available
  • Water Heater

Additional Features

  • Laminate Flooring
  • 7,841 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block south 1/2 of 6 and all of 7 / 15
  • Assessor Parcel Number 9393

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Madras Subdivision

Building Details

  • Gross Income $1,200
  • Net Operating Income $1,030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,180

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Architectural Style: Ranch
  • Unit Levels: One
  • Lot Size Acres: 0.18
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Subdivision Name: Madras
  • Year Built: 1955
  • Attribution Contact: jeff@jefflarkinrealty.com
  • Total Gross Income: 1200.0
  • Co List Office Phone: 541-480-5606
  • Outside Inclusions: Range/Refrigerator
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Madras Elementary
  • General Property Information Middle Or Junior School: Jefferson County Middle
  • General Property Information High School: Madras High
  • General Property Information:Zoning2: R2
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: south 1/2 of 6 and all of 7
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 15
  • Architectural Style Ranch: Yes
  • Flooring Laminate: Yes
  • Levels:One: Yes
  • Roof:Composition: Yes
  • Foundation Details Slab: Yes
  • Special Features: None

Interior Features

  • Appliances: Oven, Range, Refrigerator, Water Heater
  • Flooring: Laminate
  • Appliances Range: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Slab
  • Roof: Composition
  • Construction Materials:Frame: Yes

Garage/Parking

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

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Madras Elementary
  • High School: Madras High
  • Middle Or Junior School: Jefferson County Middle

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: 9393
  • ResoLotSizeUnits: Acres
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 1030.0
  • Annual Operating Expense: 170.0

Tax Info

  • Tax Annual Amount: 1179.8
  • Tax Block: 15
  • Tax Lot: south 1/2 of 6 and all
  • Tax Map Number: 111311AA
  • Tax Year: 2017

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Baker Donald E $85,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2018 10/24/18 Sold $110,000 -26.7% $84 / Sq Ft
08/07/2018 08/07/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $150,000 -- $114 / 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 $1,562 $75,100 -- --
2023 $1,463 $72,920 $0 $0
2022 $1,442 $70,800 $0 $0
2021 $1,380 $68,740 $0 $0
2020 $1,351 $66,740 $0 $0
2019 $1,304 $64,800 $0 $0
2018 $1,263 $62,920 $0 $0
2017 $1,216 $61,090 $0 $0
2016 $1,088 $59,320 $0 $0
2015 $783 $45,690 $0 $0
2014 $783 $42,440 $0 $0
2013 $787 $39,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lana Wittmer

    Jeff Larkin Realty

    (541) 390-4819

    1 in this area

    43 Total Sales

    Lana Wittmer
    Section Image
  • Barbara Barany

    Buyer's Agent in 2018

    Barbara Barany

    Windermere Realty Trust

    (541) 771-1739

    35 in this area

    118 Total Sales

    Barbara Barany
    Section Image
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Map

Source: Oregon Datashare

MLS Number: 201807618

Oregon Datashare

APN: 111311-AA-03500

Oregon Jefferson County Madras 97741

86 SW 1st St, Madras, OR

This home is located at 86 SW 1st St, Madras, OR 97741 since 24 July 2018 and is currently estimated at $279,806, approximately $213 per square foot. This property was built in 1955. 86 SW 1st St is a home located in Jefferson County with nearby schools including Madras High School and Madras Christian School.

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