NOT LISTED FOR SALE

Madras, OR 97741

Estimated Value: $351,000 - $398,000

4 Beds
2 Baths
10,944 Sq Ft
$34/Sq Ft Est. Value

Last Sold December 09, 2014

Last sale price $766,000 $70 Per Sq Ft

Current estimated payment $2,203/month

60 Days on Market

Highlights

  • Territorial View
  • Cooling System Mounted To A Wall/Window
  • Vinyl Flooring
  • Ranch Style House
  • Landscaped
  • Wall Furnace

About This Home

As of December 2014

Investors delight! 7% cap rate. Across street from hospital. Near parks, schools, Madras Aquatic Center. Excellent condition. This is your chance to own 6 duplexes, located next to each other. Vacancies in Madras are very low and rents are going up.

Last Agent to Sell the Property

Mike Ahern

Dick Dodson Realty License #200202246 Listed on: 10/30/2014

Last Buyer's Agent

Mike Ahern

Dick Dodson Realty License #200202246 Listed on: 10/30/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,954

Year Built

  • Built in 1991

Lot Details

  • 7,841 Sq Ft Lot
  • Landscaped

Home Design

  • Ranch Style House
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof

Kitchen

  • Oven
  • Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Territorial Views
  • Vinyl Flooring

Community Details

  • 12 Units
  • Beans Subdivision

Listing and Financial Details

  • Legal Lot and Block 1,2,3,4,5,6 / 10
  • Assessor Parcel Number 11709

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,954

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Architectural Style: Ranch
  • Unit Levels: One
  • Lot Size Acres: 0.18
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Subdivision Name: Beans
  • Year Built: 1991
  • Co List Office Phone: 541-475-6137
  • Outside Inclusions: Stove/oven, refrigerator, disposal,; W/D, each unit
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: R-1
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 1,2,3,4,5,6
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 10
  • Appliances Dryer: Yes
  • Washers: Yes
  • Architectural Style Ranch: Yes
  • Levels:One: Yes
  • Flooring:Vinyl: Yes
  • Roof:Composition: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
  • Flooring: Vinyl
  • Interior Amenities: Primary Downstairs
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Primary Downstairs: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Stemwall
  • Lot Features: Landscaped
  • Roof: Composition
  • View: Territorial
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Electric, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Electric2: Yes
  • Heating:Wall Furnace: Yes

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: 11709
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 6954.0
  • Tax Block: 10
  • Tax Lot: 1,2,3,4,5,6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2014
Closed on
Dec 1, 2014
Sold by
Balcom Duane and Balcom Sonda
Bought by
Arco Construction Company Inc
Seller's Agent
Mike Ahern
Dick Dodson Realty
Buyer's Agent
Mike Ahern
Dick Dodson Realty
List Price
$798,000
Sold Price
$766,000
Premium/Discount to List
-$32,000
-4.01%
Current Estimated Value
$372,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$393,074
Avg. Annual Appreciation
-6.25%

Purchase Details

Closed on
Feb 25, 2010
Sold by
Rooney Investments Llc
Bought by
Balcom Duane and Balcom Sonda
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
Arco Construction Company Inc $383,000 Western Title & Escrow
Balcom Duane $270,500 Amerititle
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2014 12/09/14 Sold $766,000 -4.0% $70 / Sq Ft
11/17/2014 11/17/14 Pending -- -- --
09/18/2014 09/18/14 For Sale $798,000 -- $73 / Sq Ft
Source: Oregon Datashare

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 $3,162 $153,940 -- --
2024 $3,108 $149,460 -- --
2023 $2,911 $145,110 $0 $0
2022 $2,869 $140,890 $0 $0
2021 $2,747 $136,790 $0 $0
2020 $2,678 $132,810 $0 $0
2019 $2,454 $128,950 $0 $0
2018 $2,292 $124,430 $0 $0
2017 $1,916 $104,900 $0 $0
2016 $1,662 $91,440 $0 $0
2015 $1,175 $75,270 $0 $0
2014 $1,175 $63,640 $0 $0
2013 -- $58,990 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mike Ahern

    Dick Dodson Realty

See All Agents

Source: Oregon Datashare

MLS Number: 201409185

Oregon Datashare

APN: 111301-CD-03400

Oregon Jefferson County Madras

97741

Not Listed for Sale

MultiFamily

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