NOT LISTED FOR SALE

880 N Cloverleaf Loop Springfield, OR 97477

Gateway Neighborhood

Estimated Value: $329,825 - $482,000

4 Beds
4 Baths
1,972 Sq Ft
$191/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $328,000 $166 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,328/month

4 Days on Market

Highlights

  • Cul-De-Sac
  • Heating unit installed on the ceiling
  • Level Lot

About This Home

As of October 2024

Townhouse styled duplex on the corner on centrally located Cloverleaf loop featuring 2 bedrooms and 1.5 baths per side. and durable income at $1100 & $1000 with scheduled rent increases to $1200 & $1100 on 9/1/2024 . Do not disturb the tenants.

Last Agent to Sell the Property

Mike Sims

RE/MAX Integrity Brokerage Phone: 541-345-8100 License #910200151 Listed on: 07/12/2024

RE/MAX Integrity

Last Buyer's Agent

Shay Seimears

Keller Williams The Cooley Real Estate Group License #201238686

Keller Williams The Cooley Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1977

Lot Details

  • 0.25 Acre Lot
  • Cul-De-Sac
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,972 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Guy Lee Elementary School
  • Hamlin Middle School
  • Springfield High School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance
  • Assessor Parcel Number 1164167

Community Details

Overview

  • 2 Units
  • Property managed by Vista Property Management

Building Details

  • Operating Expense $8,101
  • Gross Income $25,200
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,096

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1977
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter, PillarPostPier
  • View: No
  • Lot Features: Cul_de_sac, Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OnStreet
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: Unknown
  • Cooling: None
  • Cooling Y N: No
  • Heating: Ceiling
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Vista Property Management

Schools

  • Elementary School: Guy Lee
  • High School: Springfield
  • Middle Or Junior School: Hamlin

Lot Info

  • Zoning: MD
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 1164167

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4096.4

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.27
  • Annual Gross Income: 25200.0
  • Property Net Operating Income: 25200.0
  • Annual Operating Expense: 8101.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Oct 23, 2024
Sold by
Jean Christensen Revocable Living Trust and Christensen Carla Jean
Bought by
Lopez Gabriel D
Seller's Agent
Mike Sims
RE/MAX Integrity
Buyer's Agent
Shay Seimears
Keller Williams The Cooley Real Estate Group
List Price
$409,900
Sold Price
$328,000
Premium/Discount to List
-$81,900
-19.98%
Views
5
Current Estimated Value
$376,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,456
Avg. Annual Appreciation
14.77%
Original Mortgage
$311,600
Outstanding Balance
$308,160
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$68,296

Purchase Details

Closed on
Feb 6, 2004
Sold by
Christensen Carla Jean and Christensen Carla J
Bought by
Christensen Carla Jean and Jean Christensen Revocable Living Trust
Source: Public Records

Range of Values:

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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
Lopez Gabriel D $328,000 Cascade Title
Christensen Carla Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Gabriel D $311,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $328,000 -20.0% $166 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
07/13/2024 07/13/24 For Sale $409,900 -- $208 / 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
2024 $4,278 $230,245 -- --
2023 $4,278 $223,539 $0 $0
2022 $3,962 $217,029 $0 $0
2021 $3,891 $210,708 $0 $0
2020 $3,778 $204,571 $0 $0
2019 $3,664 $198,613 $0 $0
2018 $3,454 $187,213 $0 $0
2017 $3,321 $187,213 $0 $0
2016 $3,226 $181,760 $0 $0
2015 $3,112 $176,466 $0 $0
2014 $2,989 $171,326 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Sims

    Seller's Agent in 2024

    Mike Sims

    RE/MAX

    (541) 510-0552

    4 in this area

    95 Total Sales

    Mike Sims
    Section Image

  • S

    Buyer's Agent in 2024

    Shay Seimears

    Keller Williams The Cooley Real Estate Group

    (541) 844-4580

    1 in this area

    82 Total Sales

    Shay Seimears
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24484388

Regional Multiple Listing Service (RMLS)

APN: 1164167

Oregon Lane County Springfield 97477 Gateway

880 N Cloverleaf Loop, Springfield, OR

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