NOT LISTED FOR SALE

987 N Cloverleaf Loop Springfield, OR 97477

Gateway Neighborhood

Estimated Value: $390,000 - $452,029

6 Beds
4 Baths
2,090 Sq Ft
$202/Sq Ft Est. Value

Last Sold December 30, 2014

Last sale price $175,000 $84 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $2,595/month

176 Days on Market

Highlights

  • Fireplace
  • Garage
  • 1-Story Property
  • Parking Storage or Cabinetry
  • Level Lot

About This Home

As of December 2014

Great investment opportunity! Long term tenants of 4 and 10 years. Please allow 24 hour notice for all showings. Nice layout and close to Gateway Mall, park, easy access to I-5. Some deferred maintenance.... property needs some TLC but in overall good condition. Don't miss out! Priced to sell quick!

Last Agent to Sell the Property

Paula Thompson

RE/MAX Integrity License #200508157 Listed on: 06/30/2014

RE/MAX Integrity

Last Buyer's Agent

Rene Nelson

PacWest Commercial RE, Inc License #890500024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 6,839

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 1-Story Property
  • Fireplace

Kitchen

  • Range
  • Dishwasher

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Assigned Parking

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2090
  • Stories: 1
  • Year Built: 1977
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Slab
  • Legal Description: TL 06100
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: T-111 Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Assigned, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Ceiling

Condo/Co-op/Association

  • Unit Features: Dishwasher, Fireplace, Range, Refrigerator

Lot Info

  • Lot Description: Level
  • Zoning: MD

Tax Info

  • Tax Amount: 2846.08
  • Assessor Parcel Number: 1164712

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.97

MLS Schools

  • Elementary School: Guy Lee
  • High School: Springfield
  • Middle School: Hamlin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2014
Closed on
Dec 29, 2014
Sold by
University Of Oregon Foundation
Bought by
Shepard Investment Group Llc
Seller's Agent
Paula Thompson
RE/MAX Integrity
Buyer's Agent
Rene Nelson
PacWest Commercial RE, Inc
List Price
$210,000
Sold Price
$175,000
Premium/Discount to List
-$35,000
-16.67%
Current Estimated Value
$426,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,776
Avg. Annual Appreciation
8.32%

Purchase Details

Closed on
Jun 30, 2014
Sold by
Lefrancq Kaye A
Bought by
Univesity Of Oregon Foundaton

Purchase Details

Closed on
Oct 27, 2011
Sold by
Christensen Carla Jean
Bought by
Lefrancq Kaye A and Kaye A Lefrancq Revocable Trust

Purchase Details

Closed on
Mar 10, 2003
Sold by
Lefrance Kaye A
Bought by
Christensen Carla Jean
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shepard Investment Group Llc $175,000 Western Title & Escrow Co
Univesity Of Oregon Foundaton $205,000 Cascade Title Company
Lefrancq Kaye A -- None Available
Christensen Carla Jean -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2014 12/30/14 Sold $175,000 -16.7% $84 / Sq Ft
12/23/2014 12/23/14 Pending -- -- --
06/30/2014 06/30/14 For Sale $210,000 -- $100 / 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
2025 $4,303 $234,677 -- --
2024 $4,234 $227,842 -- --
2023 $4,234 $221,206 $0 $0
2022 $3,921 $214,764 $0 $0
2021 $3,851 $208,509 $0 $0
2020 $3,738 $202,436 $0 $0
2019 $3,626 $196,540 $0 $0
2018 $3,418 $185,258 $0 $0
2017 $3,287 $185,258 $0 $0
2016 $3,218 $179,862 $0 $0
2015 $3,126 $174,623 $0 $0
2014 $2,958 $169,537 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paula Thompson

    Seller's Agent in 2014

    Paula Thompson

    RE/MAX

    (541) 912-3040

    1 in this area

    88 Total Sales

    Paula Thompson
    Section Image

  • R

    Buyer's Agent in 2014

    Rene Nelson

    PacWest Commercial RE, Inc

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 14041552

Regional Multiple Listing Service (RMLS)

APN: 1164712

Oregon Lane County Springfield 97477 Gateway

987 N Cloverleaf Loop, Springfield, OR

Not Listed for Sale

MultiFamily

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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes