1647 NE Lotus Dr Bend, OR 97701
Mountain View NeighborhoodEstimated payment $4,143/month
Highlights
- Traditional Architecture
- Great Room with Fireplace
- Attached Garage
- Juniper Elementary School Rated A-
- No HOA
- Double Pane Windows
About This Home
This duplex offers a unique opportunity to own an income-generating property in a Residential Medium Density (RM) zone, providing incredible potential for future development or expansion. One unit is the original home and the other is a basement apartment. Already generating $43,200/year in gross income with potential to increase.
Perfect For Investors looking for reliable cash flow with potential to increase returns, developers seeking properties with zoning flexibility and future growth potential, and Owner-occupants wanting to offset their mortgage by renting one unit while living in the other.
Don't miss this opportunity to capitalize on the flexibility and income potential. Contact me today for more info!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,886
Year Built
- Built in 1945
Lot Details
- 6,534 Sq Ft Lot
- Property fronts an easement
- No Common Walls
- Level Lot
Home Design
- Duplex
- Traditional Architecture
- Stem Wall Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 2-Story Property
- Built-In Features
- Gas Fireplace
- Double Pane Windows
- Vinyl Clad Windows
- Great Room with Fireplace
- Finished Basement
Kitchen
- Breakfast Bar
- Oven
- Range
- Dishwasher
- Laminate Countertops
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Bathtub with Shower
- Bathtub Includes Tile Surround
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Attached Garage
- Alley Access
- Gravel Driveway
Outdoor Features
- Courtyard
- Patio
Schools
- Juniper Elementary School
- Pilot Butte Middle School
- Bend Sr High School
Utilities
- No Cooling
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Exclusions: Tenants Personal Property
- Assessor Parcel Number 204767
Community Details
Overview
- No Home Owners Association
- 2 Units
- Clab Subdivision
Building Details
- Gross Income $43,200
- Net Operating Income $37,154
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,886 | $172,390 | -- | -- |
| 2023 | $2,676 | $167,370 | $0 | $0 |
| 2022 | $2,496 | $157,770 | $0 | $0 |
| 2021 | $2,500 | $153,180 | $0 | $0 |
| 2020 | $2,372 | $153,180 | $0 | $0 |
| 2019 | $2,306 | $148,720 | $0 | $0 |
| 2018 | $2,241 | $144,390 | $0 | $0 |
| 2017 | $2,175 | $140,190 | $0 | $0 |
| 2016 | $2,074 | $136,110 | $0 | $0 |
| 2015 | $2,017 | $132,150 | $0 | $0 |
| 2014 | $1,958 | $128,310 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | Price Changed | $699,000 | -4.9% | $280 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $735,000 | -2.0% | $294 / Sq Ft |
| 01/21/2025 01/21/25 | For Sale | $750,000 | +26.1% | $300 / Sq Ft |
| 10/22/2021 10/22/21 | Sold | $595,000 | -4.8% | $238 / Sq Ft |
| 09/28/2021 09/28/21 | Pending | -- | -- | -- |
| 09/17/2021 09/17/21 | For Sale | $625,000 | +230.7% | $250 / Sq Ft |
| 02/02/2016 02/02/16 | Sold | $189,000 | -5.5% | $76 / Sq Ft |
| 10/29/2015 10/29/15 | Pending | -- | -- | -- |
| 06/18/2015 06/18/15 | For Sale | $199,900 | -- | $80 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $595,000 | Western Title & Escrow | |
| Special Warranty Deed | $190,000 | Western Title & Escrow |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $446,250 | New Conventional | |
| Previous Owner | $294,600 | New Conventional | |
| Previous Owner | $220,882 | FHA | |
| Previous Owner | $125,000 | New Conventional | |
| Previous Owner | $88,107 | New Conventional | |
| Previous Owner | $49,999 | Credit Line Revolving |
Source: Southern Oregon MLS
MLS Number: 220194748
APN: 204767
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