NOT LISTED FOR SALE

988 N Cloverleaf Loop Springfield, OR 97477

Gateway Neighborhood

Estimated Value: $385,000 - $475,649

6 Beds
4 Baths
2,400 Sq Ft
$182/Sq Ft Est. Value

Last Sold April 19, 2018

Last sale price $200,000 $83 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $2,672/month

21 Days on Market

Highlights

  • Heating unit installed on the ceiling
  • 2 Car Garage
  • Level Lot

About This Home

As of April 2018

Nice size units. Great location near Gateway Mall, busline, freeway access. Price reflects deferred maintenance but solid rental/building with much upside potential.

Last Agent to Sell the Property

carla little

Premiere Property Group, LLC License #960600197 Listed on: 02/15/2018

Premiere Property Group, LLC

Co-Listed By

Kelly White

Premiere Property Group, LLC License #201212488

Last Buyer's Agent

Julie Marie Bowman

InEugene Real Estate, LLC License #201219912

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,511

Year Built

  • Built in 1977

Lot Details

  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

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

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1164704

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,100
  • Gross Income $16,930
  • Net Operating Income $11,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,511

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1977
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 200000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

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

Schools

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

Lot Info

  • Zoning: MD
  • Parcel #: 1164704

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 3510.79

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.52
  • Annual Gross Income: 16930.0
  • Property Net Operating Income: 11695.0
  • Annual Operating Expense: 6100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2018
Closed on
Apr 18, 2018
Sold by
Chane Ming E and Ping Chane Louisa
Bought by
Bowman Steven T
Seller's Agent
carla little
Premiere Property Group, LLC
Buyer's Agent
Julie Marie Bowman
InEugene Real Estate, LLC
List Price
$195,000
Sold Price
$200,000
Premium/Discount to List
$5,000
2.56%
Current Estimated Value
$436,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,912
Avg. Annual Appreciation
10.67%
Original Mortgage
$1,850,000
Outstanding Balance
$1,584,867
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
-$1,147,955

Purchase Details

Listed on
Feb 15, 2018
Closed on
Apr 17, 2018
Sold by
Sar Chane Ming E and Sar Ping Chane Louisa
Bought by
Bowman Steven T
Seller's Agent
carla little
Premiere Property Group, LLC
Buyer's Agent
Julie Marie Bowman
InEugene Real Estate, LLC
List Price
$195,000
Sold Price
$200,000
Premium/Discount to List
$5,000
2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,850,000
Outstanding Balance
$1,584,867
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
-$1,147,955
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bowman Steven T $200,000 Western Title
Bowman Steven T $200,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowman Steven T $1,850,000
Closed Bowman Steven T $1,850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2018 04/19/18 Sold $200,000 +2.6% $83 / Sq Ft
03/08/2018 03/08/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $195,000 -- $81 / 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 $4,597 $250,684 -- --
2024 $4,522 $243,383 -- --
2023 $4,522 $236,295 $0 $0
2022 $4,189 $229,413 $0 $0
2021 $4,113 $222,732 $0 $0
2020 $3,993 $216,245 $0 $0
2019 $3,873 $209,947 $0 $0
2018 $3,651 $197,896 $0 $0
2017 $3,511 $197,896 $0 $0
2016 $3,430 $192,132 $0 $0
2015 $3,308 $186,536 $0 $0
2014 $3,214 $181,103 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • c

    Seller's Agent in 2018

    carla little

    Premiere Property Group, LLC

    37 Total Sales

    carla little
    Section Image
  • Kelly White

    Seller Co-Listing Agent in 2018

    Kelly White

    Premiere Property Group, LLC

    (503) 670-9000

    46 Total Sales

    Kelly White
    Section Image

  • J

    Buyer's Agent in 2018

    Julie Marie Bowman

    InEugene Real Estate, LLC

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18424825

Regional Multiple Listing Service (RMLS)

APN: 1164704

Oregon Lane County Springfield 97477 Gateway

988 N Cloverleaf Loop, Springfield, OR

Not Listed for Sale

MultiFamily

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