Seller's Agent in 2025
Todd Braden
Soldera Properties, Inc
(503) 209-6339
89 Total Sales
925 4th Ave Seaside, OR 97138
Estimated Value: $637,000 - $692,000
8
Beds
4
Baths
3,453
Sq Ft
$193/Sq Ft
Est. Value
About This Home
As of January 2025Great Investment Opportunity in Seaside! This 1941 4 plex has recent updates and so many opportunities for income. Rentable spaces at market rate could generate over $90k annual gross income and a cap rate approaching 10%. Spacious grounds provide adequate parking that can be accessed from 4th avenue as well as a rear alleyway. 3 of the 4 units are 2 bed, one bath, with the 4th being a 1 bed, one bath. A fifth 2 bed, one bath, economy kitchenette could be incorporated into one of the upstairs units. The building and property are clean and easy to maintain.
Last Agent to Sell the Property
Soldera Properties, Inc License #201234481 Listed on: 09/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,024
Year Built
- Built in 1941
Lot Details
- 10,018 Sq Ft Lot
- Level Lot
Parking
- 4 Car Garage
- Off-Street Parking
- Off-Site Parking
Home Design
- Composition Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,453 Sq Ft Home
- 3-Story Property
Basement
- Exterior Basement Entry
- Dirt Floor
- Basement Storage
Schools
- Pacific Ridge Elementary School
- Seaside Middle School
- Seaside High School
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
- Hot Water Heating System
Listing and Financial Details
- Rent includes gas, heat, ground maintenance, sewer, trashcollection, water
- Assessor Parcel Number 11448
Community Details
Overview
- 4 Units
- Property managed by Community Property Management
Building Details
- Operating Expense $21,436
- Gross Income $70,800
- Net Operating Income $49,364
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2024
Closed on
Jan 29, 2025
Sold by
Mcbeain Kelly J
Bought by
Cohns Daniel
Seller's Agent
Todd Braden
Soldera Properties, Inc
Buyer's Agent
Elizabeth Marxer
SALTAIRE Coastal Homes
List Price
$699,000
Sold Price
$655,000
Premium/Discount to List
-$44,000
-6.29%
Views
62
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,035
Avg. Annual Appreciation
2.56%
Original Mortgage
$520,169
Outstanding Balance
$516,962
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$149,073
Purchase Details
Closed on
Jan 21, 2005
Sold by
Podmajersky Patricia L
Bought by
Mcbeain Kelly J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
5.08%
Mortgage Type
Stand Alone Second
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cohns Daniel | $655,000 | Ticor Title | |
| Mcbeain Kelly J | $255,000 | Ticor Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cohns Daniel | $520,169 | |
| Previous Owner | Mcbeain Kelly J | $63,750 | |
| Previous Owner | Mcbeain Kelly J | $178,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $655,000 | -5.6% | $190 / Sq Ft |
| 12/10/2024 12/10/24 | Pending | -- | -- | -- |
| 11/27/2024 11/27/24 | Price Changed | $694,000 | -0.7% | $201 / Sq Ft |
| 09/09/2024 09/09/24 | For Sale | $699,000 | -- | $202 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $5,024 | $349,709 | -- | -- |
| 2023 | $4,875 | $339,525 | $0 | $0 |
| 2022 | $4,742 | $329,637 | $0 | $0 |
| 2021 | $4,642 | $320,037 | $0 | $0 |
| 2020 | $4,533 | $310,717 | $0 | $0 |
| 2019 | $4,410 | $301,668 | $0 | $0 |
| 2018 | $4,225 | $292,882 | $0 | $0 |
| 2017 | $4,030 | $284,352 | $0 | $0 |
| 2016 | $3,483 | $276,071 | $89,466 | $186,605 |
| 2015 | $3,423 | $268,031 | $86,861 | $181,170 |
| 2014 | $3,452 | $260,226 | $0 | $0 |
| 2013 | -- | $252,647 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Todd Braden
-
Elizabeth Marxer
E
Buyer's Agent in 2025
Elizabeth Marxer
SALTAIRE Coastal Homes
(503) 724-2400
21 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24216868
APN: 11448
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