NOT LISTED FOR SALE

Estimated Value: $871,000 - $1,091,000

8 Beds
4 Baths
3,798 Sq Ft
$264/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $1,050,000 $276 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $6,460/month

42 Days on Market

Highlights

  • Private Lot
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Security Gate
  • 4 Car Garage
  • Controlled Entrance

About This Home

As of July 2023

Highest and best offers due by 10am on 3/15/23! Rare Opportunity to Own Newer 4-Plex in Tucked-Away Location Near Monroe Park! Excellent design, quality construction & upscale style in each of the 2-bed, 1-bath units featuring open floor plans, high-end kitchens, gas fireplaces, central heat/air, fire sprinklers + finished 1-car garages. Private & secure complex off of paved alley is fully fenced w/ locked gate, nicely landscaped courtyard & on-site laundry facilities. Extremely low vacancy rates at current market rents make this easy maintenance property a solid investment with excellent returns. Centrally located, residential neighborhood just blocks to restaurants, breweries, shopping, parks, downtown, The Whit & more!

Last Agent to Sell the Property

Amy Thompson

Hybrid Real Estate License #200210182 Listed on: 04/03/2023

Hybrid Real Estate

Last Buyer's Agent

James Kim

Windermere RE Lane County License #200811085

Windermere RE Lane County

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,261

Year Built

  • Built in 2003

Lot Details

  • Gated Home
  • Private Lot
  • Secluded Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Assigned Parking
  • Controlled Entrance

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 3,798 Sq Ft Home
  • 2-Story Property

Home Security

  • Security Gate
  • Fire Sprinkler System

Schools

  • Cesar Chavez Elementary School
  • Arts & Tech Middle School
  • Churchill High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number 1665445

Community Details

Overview

  • 4 Units
  • Downtown/Monroe Park Subdivision

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $19,400
  • Gross Income $81,300
  • Net Operating Income $61,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,261

Year Built

Built in 2003

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2003
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Garage,Locked
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Gated, Level, Private, Secluded
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Garage
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Tank
  • Security: Entry, FireSprinklerSystem, SecurityGate
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons, Laundry

Schools

  • Elementary School: Cesar Chavez
  • High School: Churchill
  • Middle Or Junior School: Arts & Tech

Lot Info

  • Zoning: S-JW
  • Parcel #: 1665445

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 11260.85

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.24
  • Annual Gross Income: 81300.0
  • Property Net Operating Income: 61900.0
  • Annual Operating Expense: 19400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
Jul 28, 2023
Sold by
Teressa Iona Ocaer Living Trust
Bought by
Choi Sug Poi and Lee Kyung S
Seller's Agent
Amy Thompson
Hybrid Real Estate
Buyer's Agent
James Kim
Windermere RE Lane County
List Price
$1,150,000
Sold Price
$1,050,000
Premium/Discount to List
-$100,000
-8.7%
Views
188
Current Estimated Value
$1,001,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,353
Avg. Annual Appreciation
-2.30%
Original Mortgage
$735,000
Outstanding Balance
$721,493
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$279,027

Purchase Details

Closed on
Apr 6, 2023
Sold by
Broadway Holding Llc
Bought by
Teressa Iona Ocaer Living Trust

Purchase Details

Closed on
Mar 8, 2016
Sold by
Caer Teressa I O
Bought by
Broadway Holding Llc

Purchase Details

Listed on
Jun 2, 2015
Closed on
Jul 14, 2015
Sold by
Pitcairn First Family Llc
Bought by
Caer Teressa O
Seller's Agent
Scarlet Lee
Equinox Real Estate
Buyer's Agent
Amy Thompson
Hybrid Real Estate
List Price
$669,500
Sold Price
$600,000
Premium/Discount to List
-$69,500
-10.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$417,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2004
Sold by
Webb John M and Trefethen Sanford L
Bought by
Pitcairn First Family Llc

Purchase Details

Closed on
May 31, 2002
Sold by
Leavitt James B
Bought by
Webb John M and Trefethen Sanford L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
6.83%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Choi Sug Poi $1,050,000 Cascade Title
Teressa Iona Ocaer Living Trust -- Cascade Title
Broadway Holding Llc -- None Available
Caer Teressa O $600,000 Western Title & Escrow Co
Pitcairn First Family Llc $500,000 American Title Group
Webb John M $55,000 Cascade Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choi Sug Poi $735,000
Previous Owner Caer Teressa O $417,000
Previous Owner Webb John M $296,000
Closed Webb John M $16,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $1,050,000 +5.5% $276 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/09/2023 05/09/23 Price Changed $995,000 -13.5% $262 / Sq Ft
04/03/2023 04/03/23 For Sale $1,150,000 +91.7% $303 / Sq Ft
07/24/2015 07/24/15 Sold $600,000 -10.4% $158 / Sq Ft
06/02/2015 06/02/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $669,500 -- $176 / 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 $12,020 $588,848 $0 $0
2022 $11,261 $571,698 $0 $0
2021 $10,438 $555,047 $0 $0
2020 $10,387 $538,881 $0 $0
2019 $10,139 $523,186 $0 $0
2018 $9,536 $493,153 $0 $0
2017 $8,850 $493,153 $0 $0
2016 $8,315 $478,789 $0 $0
2015 $7,840 $464,844 $0 $0
2014 $7,663 $451,305 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23600959

Regional Multiple Listing Service (RMLS)

APN: 1665445