NOT LISTED FOR SALE

Estimated Value: $1,005,000 - $1,139,698

8 Beds
4 Baths
2,817 Sq Ft
$375/Sq Ft Est. Value

Last Sold July 17, 2015

Last sale price $714,000 $253 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,772/month

14 Days on Market

Highlights

  • City View
  • Corner Lot
  • Baseboard Heating
  • Ainsworth Elementary School Rated A-
  • Landscaped with Trees
  • 2-minute walk to PSU Children's Playground

About This Home

As of July 2015

Victorian fourplex! Income property, currently fully leased & grossing approx. $49k annually. Easily rentable: desirable location, well-maintained, all kitchen appls included. Walk through each unit with the attached 3D tour. Onsite coin-op laundry offers convenience & additional income. Street parking for local residents w/permits. Brick patio & covered front porch are great common areas. Near PSU, shops, restaurants & farmers market.

Last Agent to Sell the Property

Steve Nassar

Premiere Property Group, LLC License #201202032 Listed on: 06/12/2015

Premiere Property Group, LLC

Co-Listed By

Dana Imrie

Premiere Property Group, LLC License #200111063

Last Buyer's Agent

Chris Johnson

CORE, Realtors License #930700182

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,949

Year Built

  • Built in 1900

Lot Details

  • Corner Lot
  • Gentle Sloping Lot
  • Landscaped with Trees

Home Design

  • Composition Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • 2,817 Sq Ft Home
  • 3-Story Property
  • City Views
  • Finished Basement
  • Partial Basement

Schools

  • Ainsworth Elementary School
  • Lincoln High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Rent includes trashcollection, water
  • Assessor Parcel Number R246524

Community Details

Building Details

  • Operating Expense $15,444
  • Gross Income $49,620
  • Net Operating Income $34,176

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,949

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1900
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, PartialBasement
  • Storage: Basement

Exterior Features

  • Exterior Description: Cedar,WoodSiding
  • View: Yes
  • Lot Features: CornerLot, GentleSloping, Trees
  • Disclosures: Disclosure
  • Roof: Composition
  • View: City

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Ainsworth
  • High School: Lincoln

Lot Info

  • Zoning: RES
  • Parcel #: R246524

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection, Water

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.69
  • Annual Gross Income: 49620.0
  • Property Net Operating Income: 34176.0
  • Annual Operating Expense: 15444.0

Tax Info

  • Tax Annual Amount: 6948.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2015
Closed on
Jul 16, 2015
Sold by
White William P
Bought by
Ffq Properties Llc
Seller's Agent
Steve Nassar
Premiere Property Group, LLC
Buyer's Agent
Chris Johnson
CORE, Realtors
List Price
$729,000
Sold Price
$714,000
Premium/Discount to List
-$15,000
-2.06%
Total Days on Market
14
Current Estimated Value
$1,057,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,675
Avg. Annual Appreciation
4.05%

Purchase Details

Closed on
Nov 22, 2013
Sold by
White William P
Bought by
White William P and White Michelle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,850
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2005
Sold by
Nye Michael D
Bought by
White William and White Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2003
Sold by
Dodd Teddy E
Bought by
Nye Michael D and Ward John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 1996
Sold by
Arceneaux Paulette Guzzetta
Bought by
Dodd Teddy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
8.32%
Mortgage Type
VA
Source: Public Records

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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
Ffq Properties Llc $714,000 Lawyers Title
White William P -- First American Title Company
White William $502,000 Fidelity Natl Title Co Of Or
Nye Michael D $366,000 First American
Dodd Teddy E $185,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White William P $275,850
Previous Owner White William $285,800
Previous Owner White William $302,000
Previous Owner Nye Michael D $274,500
Previous Owner Dodd Teddy E $185,000
Closed Nye Michael D $54,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2015 07/17/15 Sold $714,000 -2.1% $253 / Sq Ft
06/26/2015 06/26/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $729,000 -- $259 / 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
2023 $10,014 $378,260 $0 $0
2022 $9,797 $367,250 $0 $0
2021 $9,632 $356,560 $0 $0
2020 $8,835 $346,180 $0 $0
2019 $8,510 $336,100 $0 $0
2018 $8,260 $326,320 $0 $0
2017 $7,917 $316,820 $0 $0
2016 $7,245 $307,600 $0 $0
2015 $7,055 $298,650 $0 $0
2014 -- $289,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15384640

Regional Multiple Listing Service (RMLS)

APN: R246524