NOT LISTED FOR SALE

908 Main Ave La Grande, OR 97850

Estimated Value: $320,000 - $367,144

4 Beds
4 Baths
3,141 Sq Ft
$109/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $205,000 $65 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,111/month

14 Days on Market

Highlights

  • City View
  • High Speed Internet
  • Heating System Uses Gas
  • Laundry Facilities
  • Level Lot

About This Home

As of September 2020

Your first or next investment opportunity awaits! Come take advantage of La Grande's HOT rental market and this fantastic location! The whole building is 100% occupied with great, stable tenants. Call your agent today to set up a showing or to get more information. 2019 and 2020 YTD financials are available to qualified and serious buyers.

Last Agent to Sell the Property

Ashley O'Toole

High Country Realty Professionals License #201204907 Listed on: 07/28/2020

Last Buyer's Agent

Keisha Anderson

Blue Summit Realty Group License #201229111

Blue Summit Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,074

Year Built

  • Built in 1915

Lot Details

  • Level Lot

Home Design

  • Metal Roof
  • Metal Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,141 Sq Ft Home
  • 3-Story Property
  • City Views

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Apartment Living Space in Basement

Schools

  • Central Elementary School
  • La Grande Middle School
  • La Grande High School

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 2193

Community Details

Overview

  • 4 Units
  • Property managed by Cynthia Seaney

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $6,964
  • Gross Income $24,593
  • Net Operating Income $17,363

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,074

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1915
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: ExteriorEntry, PartialBasement, SeparateLivingQuartersApartmentAuxLivingUnit
  • Storage: None
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: MetalSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Metal
  • View: City

Garage/Parking

  • Parking Description: None
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Cynthia Seaney
  • Community Features: Laundry

Schools

  • Elementary School: Central
  • High School: La Grande
  • Middle Or Junior School: La Grande

Lot Info

  • Zoning: LG-R3
  • Parcel #: 2193

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 2074.26

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 8.54
  • Annual Gross Income: 24593.0
  • Property Net Operating Income: 17363.0
  • Annual Operating Expense: 6964.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Sep 18, 2020
Sold by
Seaney Cynthia and Gomez Cynthia D
Bought by
Lopez Nicholas
Seller's Agent
Ashley O'Toole
High Country Realty Professionals
Buyer's Agent
Keisha Anderson
Blue Summit Realty Group
List Price
$210,000
Sold Price
$205,000
Premium/Discount to List
-$5,000
-2.38%
Total Days on Market
14
Current Estimated Value
$343,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,572
Avg. Annual Appreciation
13.35%
Original Mortgage
$155,000
Outstanding Balance
$41,221
Interest Rate
2.8%
Mortgage Type
Seller Take Back
Estimated Equity
$327,680

Purchase Details

Closed on
Jul 24, 2009
Sold by
Gomez Gabriel
Bought by
Gomez Cynthia
Source: Public Records

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    Dont miss out on a great property with tons of upside potential. Three of the units have longer term tenants and one is recently rented. There is coin-op laundry in the basement along with storage for the tenants. Covered parking out back. This property is very sound and with a little attention it could be a great investment

    Randall McKinnis RE/MAX Real Estate Team

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Range of Values:

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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 Nicholas $205,000 Eastern Oregon Title Inc
Gomez Cynthia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Nicholas $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2020 09/21/20 Sold $205,000 -2.4% $65 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $210,000 -- $67 / 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 $2,254 $125,220 $41,270 $83,950
2023 $2,215 $121,580 $40,070 $81,510
2022 $2,255 $118,041 $38,905 $79,136
2021 $2,101 $114,603 $38,099 $76,504
2020 $2,016 $111,266 $37,014 $74,252
2019 $2,074 $108,026 $36,051 $71,975
2018 $1,922 $104,880 $30,381 $74,499
2017 $1,867 $101,826 $29,728 $72,098
2016 $1,811 $98,861 $28,948 $69,913
2015 $1,746 $95,982 $30,697 $65,285
2014 $1,517 $93,187 $24,354 $68,833
2013 -- $90,473 $23,623 $66,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20015732

Regional Multiple Listing Service (RMLS)

APN: 03S3806DD-7400-0-101