NOT LISTED FOR SALE

904 S Comstock Ave Sutherlin, OR 97479

Estimated Value: $374,000 - $753,000

-- Bed
1 Bath
1,704 Sq Ft
$331/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $350,000 $205 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,312/month

2 Days on Market

Highlights

  • Mountain View
  • Property is near a bus stop
  • Heating Available
  • Ductless Heating Or Cooling System
  • Level Lot

About This Home

As of February 2024

DUPLEX TURN KEY INVESTMENT OPPORTUNITY! 902 & 904 S. Comstock Rd in the heart of Sutherlin, OR. Completely remodeled units with washer/dryer hookups. Upgrades include: New sump pump, new roof, exterior paint, parking lot striped. Interior has all new ductless heating/cooling systems, luxury vinyl plank floors, new windows and blinds, new appliances, countertops, sinks, bathroom vanity, toilets, tubs resurfaced, washer/dryer hook ups in each unit, new water heaters. Super low taxes. Huge buildable lot in the back, sits on .21 acre lot. Buyer to check with city and do their own due diligence.

Last Listed By

Mario Ruiz

ICON Real Estate Group License #201216315 Listed on: 01/15/2024

ICON Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,762

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 9,148

Home Design

  • Composition Roof
  • Tongue and Groove Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,704 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Parking

  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Sutherlin Elementary And Middle School
  • Sutherlin High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Electric Water Heater

Additional Features

  • Level Lot
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number R53006

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,125
  • Gross Income $31,080
  • Net Operating Income $24,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,762

Year Built

Built in 1980 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1980
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: TongueandGroove
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level, OnBusline
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Mountain

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: Ductless
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Sutherlin
  • High School: Sutherlin
  • Middle Or Junior School: Sutherlin

Lot Info

  • Zoning: R2
  • Parcel #: R53006

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 1761.74

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.74
  • Annual Gross Income: 31080.0
  • Property Net Operating Income: 24955.0
  • Annual Operating Expense: 6125.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2024
Sold by
Alvernaz Joseph P and Alvernaz Linda
Bought by
Alvernaz Family Trust and Alvernaz
Total Days on Market
2
Current Estimated Value
$563,500

Purchase Details

Listed on
Jan 15, 2024
Closed on
Feb 23, 2024
Sold by
Ruiz Mario and Ruiz Jennifer
Bought by
Alvernaz Joseph P and Alvernaz Linda
Seller's Agent
Mario Ruiz
ICON Real Estate Group
Buyer's Agent
Jody Tatone
RE/MAX Integrity
List Price
$365,000
Sold Price
$350,000
Premium/Discount to List
-$15,000
-4.11%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.40%

Purchase Details

Closed on
Nov 10, 2022
Sold by
Faith Holdings Llc
Bought by
Ruiz Mario and Ruiz Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 20, 2006
Sold by
Ward Tracy J and Gail Ward A
Bought by
Faith Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.35%
Mortgage Type
Seller Take Back

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
Alvernaz Family Trust -- Western Title
Alvernaz Joseph P $700,000 None Listed On Document
Ruiz Mario $410,000 Western Title
Faith Holdings Llc $160,000 Amerititle Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Mario $285,000
Previous Owner Faith Holdings Llc $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $350,000 -4.1% $205 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/15/2024 01/15/24 For Sale $365,000 -- $214 / 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 $2,071 $166,094 -- --
2023 $1,762 $141,208 $0 $0
2022 $1,711 $137,096 $0 $0
2021 $1,662 $133,103 $0 $0
2020 $1,613 $129,227 $0 $0
2019 $1,567 $125,464 $0 $0
2018 $1,521 $121,810 $0 $0
2017 $1,555 $118,263 $0 $0
2016 $1,510 $114,819 $0 $0
2015 $1,338 $102,000 $0 $0
2014 $1,338 $102,000 $0 $0
2013 -- $102,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24306977

Regional Multiple Listing Service (RMLS)

APN: R53006