NOT LISTED FOR SALE

Hermiston, OR 97838

Estimated Value: $274,000 - $312,000

4 Beds
2 Baths
1,920 Sq Ft
$153/Sq Ft Est. Value

Last Sold December 08, 2022

Last sale price $266,800 $139 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,737/month

209 Days on Market

Highlights

  • Corner Lot
  • Storage
  • Forced Air Heating System
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of December 2022

Great Investment Property. Reliable tenants, steady income. Seller only selling to buy other investment property. Siding is 50 year Hardy Board, have 10'x12' sheds, Daiken Mini-Split A/C units in each rental.

Last Agent to Sell the Property

Shanda Williams

Keller Williams PDX Central License #200603282 Listed on: 03/27/2022

Keller Williams PDX Central

Last Buyer's Agent

Shanda Williams

Keller Williams PDX Central License #200603282 Listed on: 03/27/2022

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,198

Year Built

  • Built in 1946

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Open Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,920 Sq Ft Home
  • Storage

Schools

  • Highland Hills Elementary School
  • Sandstone Middle School
  • Hermiston High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 131808

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $2,598
  • Gross Income $21,000
  • Net Operating Income $18,402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,198

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1946
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 266800.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Other
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: WallUnit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Highland Hills
  • High School: Hermiston
  • Middle Or Junior School: Sandstone

Lot Info

  • Zoning: R2
  • Parcel #: 131808

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 2197.59

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.62
  • Annual Gross Income: 21000.0
  • Property Net Operating Income: 18402.0
  • Annual Operating Expense: 2598.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2022
Closed on
Nov 18, 2022
Sold by
Condit Investment Llc
Bought by
Griffith Denise and Crane Mary
Seller's Agent
Shanda Williams
Keller Williams PDX Central
Buyer's Agent
Shanda Williams
Keller Williams PDX Central
List Price
$285,000
Sold Price
$266,800
Premium/Discount to List
-$18,200
-6.39%
Views
3
Current Estimated Value
$293,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,465
Avg. Annual Appreciation
3.13%
Original Mortgage
$261,967
Outstanding Balance
$254,035
Interest Rate
7.08%
Mortgage Type
FHA
Estimated Equity
$39,230

Purchase Details

Listed on
Mar 10, 2017
Closed on
May 23, 2017
Sold by
Secretary Of Housing & Urban Development
Bought by
Condit Investment Llc
Seller's Agent
Tami Rebman
Real Broker
Buyer's Agent
Shanda Williams
Keller Williams PDX Central
List Price
$67,000
Sold Price
$71,000
Premium/Discount to List
$4,000
5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.99%
Original Mortgage
$109,000
Interest Rate
4.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 28, 2016
Sold by
Mckenzie Barbara E
Bought by
Oregon Housing & Community Services Depa

Purchase Details

Closed on
Sep 11, 2007
Sold by
Cullers Fred D and Cullers Beverly Marlene
Bought by
Mckenzie Wendell D and Mckenzie Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,840
Interest Rate
6.67%
Mortgage Type
FHA
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
Griffith Denise $266,800 Amerititle
Condit Investment Llc $71,000 Amerititle
Oregon Housing & Community Services Depa $111,684 Pioneer Title Co
Mckenzie Wendell D $74,500 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffith Denise $261,967
Previous Owner Condit Investment Llc $109,000
Previous Owner Mckenzie Wendell D $73,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/08/2022 12/08/22 Sold $266,800 +0.7% $139 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
05/18/2022 05/18/22 Price Changed $265,000 -7.0% $138 / Sq Ft
01/22/2022 01/22/22 For Sale $285,000 +301.4% $148 / Sq Ft
05/25/2017 05/25/17 Sold $71,000 +6.0% $43 / Sq Ft View Prior Sale
03/15/2017 03/15/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $67,000 -- $40 / 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
2024 $2,404 $115,040 $24,520 $90,520
2023 $2,407 $111,690 $23,810 $87,880
2022 $2,261 $108,440 $0 $0
2021 $2,276 $105,290 $22,450 $82,840
2020 $4,040 $102,230 $21,790 $80,440
2018 $1,637 $74,090 $20,540 $53,550
2017 $1,599 $71,940 $19,940 $52,000
2016 $1,832 $92,050 $33,990 $58,060
2015 $1,770 $85,080 $24,920 $60,160
2014 $1,797 $85,080 $24,920 $60,160
Source: Public Records

Agents Affiliated with this Home

  • Shanda Williams

    Seller's Agent in 2022

    Shanda Williams

    Keller Williams PDX Central

    (971) 222-1604

    7 in this area

    32 Total Sales

    Shanda Williams
    Section Image

  • T

    Seller's Agent in 2017

    Tami Rebman

    Real Broker

    (541) 303-1414

    30 in this area

    62 Total Sales

    Tami Rebman
    Section Image
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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22233689

Regional Multiple Listing Service (RMLS)

APN: 131808

Oregon Umatilla County Hermiston

97838

Not Listed for Sale

MultiFamily

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