NOT LISTED FOR SALE

92 N 8th St Creswell, OR 97426

Estimated Value: $949,000 - $1,072,000

16 Beds
8 Baths
7,409 Sq Ft
$136/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $925,000 $125 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,722/month

19 Days on Market

Highlights

  • 0.45 Acre Lot
  • Dining Area
  • Carpet
  • High Speed Internet
  • Lap Siding
  • Heating Available

About This Home

As of September 2021

Don't miss this 8 Unit investment opportunity with plenty of upside just south of Eugene in Creswell, OR! Property consists of (2) 4-Unit townhouse style buildings, on separate tax lots. Each unit is 2 bed/1 bath/988 SF complete w/ W/D hookups. Seller currently pays garbage & landscaping expenses monthly. All units are separately metered for water. Ability to increase rents 9.2% in 2021. Both properties must be sold together & sale cannot close before 9/1/21. Commercial or Residential financing available.

Last Agent to Sell the Property

Jordan Sparks

SMI REAL ESTATE License #200610098 Listed on: 06/09/2021

SMI REAL ESTATE

Co-Listed By

Elesa Doll

SMI REAL ESTATE License #200708163

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,121

Year Built

  • Built in 1966

Lot Details

  • 0.45 Acre Lot

Home Design

  • Composition Roof
  • Lap Siding
  • Vinyl Siding

Interior Spaces

  • 7,409 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: resident personal property
  • Tax Lot 2703

Community Details

Overview

  • 8 Units
  • Village Court 8 Plex Community

Building Details

  • Insurance Expense $2,120
  • Maintenance Expense $6,000
  • Trash Expense $3,300
  • Water Sewer Expense $2,297
  • Operating Expense $33,095
  • Net Operating Income $60,025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,121

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Don't miss this 8 Unit investment opportunity with plenty of upside just south of Eugene in Creswell, OR! Property consists of (2) 4-Unit townhouse style buildings, on separate tax lots. Each unit is 2 bed/1 bath/988 SF complete w/ W/D hookups. Seller currently pays garbage & landscaping expenses monthly. All units are separately metered for water. Ability to increase rents 9.2% in 2021. Both properties must be sold together & sale cannot close before 9/1/21. Commercial or Residential financing available.
  • Cross Street: W Oregon Ave
  • Miscellaneous: 6000
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Exclusions: resident personal property
  • Negotiable Inclusions: kitchen appliances not owned by residents
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 124.85
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 124.85

Exterior Features

  • Exterior Color: White/Crm
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Vinyl
  • Siding Style: Lap

Utilities

  • Heating: Electric
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Garbage: 3300
  • Insurance: 2120
  • Sewer: City
  • Water/Sewer: 2297

Condo/Co-op/Association

  • Maintenance: 6000
  • Mgmt Acct: 6720

Schools

  • Elementary School: Creslane
  • Middle School: Creswell
  • High School: Creswell

Lot Info

  • Acres: 0.45
  • Estimated Lot Sq Ft: 19602
  • Lot: 2703
  • Price Per Acre: 2055555.56
  • Zoning: R1
  • Property Name: Village Court 8 Plex
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 33095

Multi Family

  • Net Income: 60025
  • Gross Sched Income: 96000
  • Unit Types: Town Home
  • Number Of Units: 8

Tax Info

  • Tax Account Number: 0837391 & 837383
  • Tax Amount: 6121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Sep 27, 2021
Sold by
Fields Andrew D and David K Fields Trust
Bought by
Josephsen Gary and Josephsen Kelly
Seller's Agent
Jordan Sparks
SMI REAL ESTATE
List Price
$925,000
Sold Price
$925,000
Current Estimated Value
$1,006,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,477
Avg. Annual Appreciation
0.99%
Original Mortgage
$598,000
Outstanding Balance
$407,431
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$554,111

Purchase Details

Closed on
May 26, 2010
Sold by
Decker Dale D
Bought by
Decker Dale D and Decker Allene M
Source: Public Records

Range of Values:

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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
Josephsen Gary $925,000 Ticor Title Company Of Or
Decker Dale D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Josephsen Gary $598,000
Previous Owner Decker Dale D $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2021 09/28/21 Sold $925,000 0.0% $125 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $925,000 -- $125 / Sq Ft
Source: Willamette Valley MLS

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 $2,987 $236,197 -- --
2023 $2,987 $229,318 $0 $0
2022 $3,217 $222,639 $0 $0
2021 $3,108 $216,155 $0 $0
2020 $3,064 $209,860 $0 $0
2019 $2,997 $203,748 $0 $0
2018 $2,955 $192,052 $0 $0
2017 $2,866 $192,052 $0 $0
2016 $2,935 $186,458 $0 $0
2015 $2,829 $181,027 $0 $0
2014 $2,806 $175,754 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan Sparks

    Seller's Agent in 2021

    Jordan Sparks

    SMI REAL ESTATE

    (541) 646-0650

    1 in this area

    89 Total Sales

    Jordan Sparks
    Section Image
  • Elesa Doll

    Seller Co-Listing Agent in 2021

    Elesa Doll

    SMI REAL ESTATE

    (503) 884-1273

    1 in this area

    71 Total Sales

    Elesa Doll
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 778833

Willamette Valley MLS

APN: 0837391

Oregon Lane County Creswell 97426

92 N 8th St, Creswell, OR

This home is located at 92 N 8th St, Creswell, OR 97426 since 09 June 2021 and is currently estimated at $1,006,477, approximately $135 per square foot. This property was built in 1966. 92 N 8th St is a home located in Lane County with nearby schools including Creslane Elementary School, Creswell Middle School, and Creswell High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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