NOT LISTED FOR SALE

Madras, OR 97741

Estimated Value: $421,000 - $610,000

6 Beds
5 Baths
2,632 Sq Ft
$188/Sq Ft Est. Value

Last Sold December 17, 2012

Last sale price $106,625 $41 Per Sq Ft

Est. 365% increase in value since last sale

Current estimated payment $2,903/month

264 Days on Market

About This Home

As of December 2012

Great multi-family investment. Each unit has three (3)bedrooms & two and a half (2.5) bathrooms. Each unit is approximately 1,320 SF and has a single car garage. Located close to Highway 97. Within walking distance to medical, shopping and banking. Call Listing Broker to arrange tour. Please do not disturb tenants.

Last Agent to Sell the Property

Brian Fratzke

Fratzke Commercial R.E. Advisors License #200402169 Listed on: 08/01/2012

Co-Listed By

Jeff Reed

NAI Cascade License #200701299

Last Buyer's Agent

Brian Fratzke

Fratzke Commercial R.E. Advisors License #200402169 Listed on: 08/01/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,174

Year Built

  • Built in 2008

Lot Details

  • 4,792

Home Design

  • Duplex
  • Craftsman Architecture
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 2-Story Property
  • 4,792 Sq Ft Lot

Community Details

  • 2 Units
  • Nw Townsite Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 8
  • Assessor Parcel Number 17039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,174

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Architectural Style: Craftsman
  • Unit Levels: Two
  • Lot Size Acres: 0.11
  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Road Surface Type: Paved
  • Subdivision Name: Nw Townsite
  • Year Built: 2008
  • Co List Office Mls Id: ocFRATPM
  • Co List Office Phone: 541-306-4948
  • Co List Office Phone: 541-306-4948
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: R2
  • Road Surface Type:Paved: Yes
  • Location Tax and Legal:Tax Lot: 7
  • Location Tax and Legal:Tax Block: 8
  • Flooring:Vinyl: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Architectural Style Craftsman: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Roof: Composition
  • Construction Materials:Frame: Yes

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Parcel #: 17039
  • ResoLotSizeUnits: Acres
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2173.55
  • Tax Block: 8
  • Tax Lot: 7
  • Tax Map Number: 111311DD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2021
Sold by
F & S Homes Llc
Bought by
Aaron Linfoot Llc
Current Estimated Value
$495,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$291,176
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$204,691

Purchase Details

Closed on
Sep 17, 2021
Sold by
F & S Homes Llc
Bought by
Aaron Linfoot Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$291,176
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$204,691

Purchase Details

Listed on
Aug 1, 2012
Closed on
Dec 11, 2012
Sold by
O G Powell And Fiserv Iss & Co
Bought by
22Nd Street Investments Llc
Seller's Agent
Brian Fratzke
Fratzke Commercial R.E. Advisors
Buyer's Agent
Brian Fratzke
Fratzke Commercial R.E. Advisors
List Price
$120,000
Sold Price
$106,625
Premium/Discount to List
-$13,375
-11.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%
Original Mortgage
$300,000
Interest Rate
3.35%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Aaron Linfoot Llc $400,000 Western Title
Aaron Linfoot Llc $400,000 Western Title & Escrow
22Nd Street Investments Llc -- Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aaron Linfoot Llc $320,000
Closed Aaron Linfoot Llc $320,000
Previous Owner 22Nd Street Investments Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2012 12/17/12 Sold $106,625 -11.1% $41 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
02/08/2012 02/08/12 For Sale $120,000 -- $46 / Sq Ft
Source: Oregon Datashare

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 $3,150 $151,490 -- --
2023 $2,951 $147,080 $0 $0
2022 $2,908 $142,800 $0 $0
2021 $2,784 $138,650 $0 $0
2020 $2,726 $134,620 $0 $0
2019 $2,630 $130,700 $0 $0
2018 $2,547 $126,900 $0 $0
2017 $2,453 $123,210 $0 $0
2016 $2,372 $119,630 $0 $0
2015 $2,144 $116,150 $0 $0
2014 $2,144 $112,770 $0 $0
2013 -- $108,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Fratzke

    Seller's Agent in 2012

    Brian Fratzke

    Fratzke Commercial R.E. Advisors

    (541) 306-4948

    38 Total Sales

    Brian Fratzke
    Section Image
  • Jeff Reed

    Seller Co-Listing Agent in 2012

    Jeff Reed

    NAI Cascade

    (541) 280-7068

    10 Total Sales

    Jeff Reed
    Section Image
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Source: Oregon Datashare

MLS Number: 201200939

Oregon Datashare

APN: 111311-DD-05801

Oregon Jefferson County Madras

97741

This home since 01 August 2012 and is currently estimated at $495,867, approximately $188 per square foot. This property was built in 2008. This home is a home located in Jefferson County with nearby schools including Madras High School and Madras Christian School.

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