NOT LISTED FOR SALE

87376 Cedar Flat Rd Springfield, OR 97478

Estimated Value: $142,000 - $519,000

1 Bed
1 Bath
748 Sq Ft
$362/Sq Ft Est. Value

Last Sold July 24, 2025

Last sale price $150,000 $201 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,602/month

20 Days on Market

Highlights

  • Creek or Stream View
  • No HOA
  • Dining Room
  • Wooded Lot
  • Living Room
  • Family Room

About This Home

As of July 2025

Investment or Flip Opportunity! This 1.7-acre property in Springfield offers huge potential for the savvy investor or visionary flipper. Just a 10-minute drive to Thurston's grocery stores, restaurants, and amenities, the lot includes two existing dwellings. The lower red/brown home is currently uninhabitable, and the gray home at the top left of the property is a significant fixer-upper, also likely uninhabitable. Neither structure has active electric or water services. Pump house located on the lower road, next to red house. Extensive buyer due diligence is strongly advised. With the right vision, this property could be transformed into a dual-living setup or an ideal multi-generational homestead.

Last Agent to Sell the Property

Josh Cooley

Keller Williams The Cooley Real Estate Group License #200709155 Listed on: 06/13/2025

Keller Williams The Cooley Real Estate Group

Co-Listed By

Kyle Mudder

Keller Williams The Cooley Real Estate Group License #201248401

Last Buyer's Agent

Angela Burrell

Triple Oaks Realty LLC License #201217214

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,998

Year Built

  • Built in 1946

Lot Details

  • 1.7 Acre Lot
  • Wooded Lot
  • Landscaped with Trees
  • Property is zoned RR5

Property Views

  • Creek or Stream
  • Mountain

Home Design

  • Fixer Upper
  • Metal Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 748 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Walterville Elementary School
  • Thurston Middle School
  • Thurston High School

Utilities

  • No Cooling
  • No Heating
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0556090

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,998

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1946
  • Property Condition: Fixer
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 150000.0
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 1.0
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: Acres1to3
  • Room 13 Level: Main
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: ShingleSiding,WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • View: Yes
  • Lot Features: Trees, Wooded
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Home Warranty: No
  • Roof: Metal
  • View: CreekStream,Mountain

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity,None
  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Sewer: SepticTank
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Walterville
  • High School: Thurston
  • Middle Or Junior School: Thurston

Lot Info

  • Zoning: RR5
  • Land Lease: No
  • Lot Size Acres: 1.7
  • Lot Size Sq Ft: 74052.0
  • Parcel #: 0556090

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 1998.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2025
Closed on
Jul 14, 2025
Sold by
Wright Shirley A
Bought by
Stucky Jason E and Stucky Alicia R
Seller's Agent
Josh Cooley
Keller Williams The Cooley Real Estate Group
Buyer's Agent
Angela Burrell
Triple Oaks Realty LLC
List Price
$225,000
Sold Price
$150,000
Premium/Discount to List
-$75,000
-33.33%
Views
53
Current Estimated Value
$270,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,667
Avg. Annual Appreciation
392.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stucky Jason E $150,000 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2025 07/24/25 Sold $150,000 -33.3% $201 / Sq Ft
07/03/2025 07/03/25 Pending -- -- --
06/13/2025 06/13/25 For Sale $225,000 -- $301 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $2,148 $182,108 -- --
2024 $1,998 $176,804 -- --
2023 $1,998 $171,655 $0 $0
2022 $1,908 $166,656 $0 $0
2021 $1,864 $161,802 $0 $0
2020 $1,808 $157,090 $0 $0
2019 $1,717 $152,515 $0 $0
2018 $1,662 $143,760 $0 $0
2017 $1,603 $143,760 $0 $0
2016 $1,562 $139,573 $0 $0
2015 $1,523 $135,508 $0 $0
2014 $1,478 $131,561 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 438333721

Regional Multiple Listing Service (RMLS)

APN: 0556090