2907 SW Meadow Ln Redmond, OR 97756
Estimated payment $4,211/month
Highlights
- RV Access or Parking
- Gated Parking
- No HOA
- Sage Elementary School Rated A-
- Ranch Style House
- Separate Outdoor Workshop
About This Home
Prime value add opportunity to purchase a completely remodeled income producing 6bed/4bath duplex that comes with architectural plans to construct another duplex on this huge .51acre lot. This like new duplex was remodeled four years ago by a licensed residential contractor and the new features include; roof, vinyl windows, interior & exterior paint, cabinets, laminate countertops, vinyl plank & laminate wood flooring in living areas, carpet in bedrooms, energy efficient ductless heating & cooling
systems, interior doors, trim, electrical, light fixtures, hot water heaters, sliding glass doors, & new garage doors w/new openers. The mirroring duplex located at 2907 & 2909 SW Canal Blvd sitting on the same size lot directly to the West is also available for $699,500, & it includes the same income producing value add opportunity the subject property features. Buy both, build two, and have eight like new units or have four income producing units with future development potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,988
Year Built
- Built in 1972
Lot Details
- 0.51 Acre Lot
- 1 Common Wall
- Landscaped
- Level Lot
Home Design
- Duplex
- Ranch Style House
- Stem Wall Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- Double Pane Windows
- Vinyl Clad Windows
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Laminate Countertops
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Linen Closet
- Bathtub with Shower
Home Security
- Surveillance System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Attached Garage
- Garage Door Opener
- Shared Driveway
- Gated Parking
- RV Access or Parking
- Assigned Parking
Outdoor Features
- Separate Outdoor Workshop
- Shed
Schools
- Sage Elementary School
- Obsidian Middle School
- Ridgeview High School
Utilities
- Ductless Heating Or Cooling System
- Central Air
- Heating Available
- Water Heater
Listing and Financial Details
- Exclusions: Storage container, tenants personal property including washers & dryers.
- Legal Lot and Block PT2 / 1
- Assessor Parcel Number 161425
Community Details
Overview
- No Home Owners Association
- 2 Units
- Windrow Acres Subdivision
Building Details
- Gross Income $32,400
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 | $3,988 | $197,910 | -- | -- |
| 2023 | $3,814 | $192,150 | $0 | $0 |
| 2022 | $3,467 | $181,130 | $0 | $0 |
| 2021 | $3,352 | $175,860 | $0 | $0 |
| 2020 | $3,201 | $175,860 | $0 | $0 |
| 2019 | $3,061 | $170,740 | $0 | $0 |
| 2018 | $2,515 | $139,680 | $0 | $0 |
| 2017 | $2,455 | $135,620 | $0 | $0 |
| 2016 | $2,421 | $131,670 | $0 | $0 |
| 2015 | $2,348 | $127,840 | $0 | $0 |
| 2014 | $2,178 | $121,310 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | Price Changed | $694,990 | -0.6% | $332 / Sq Ft |
| 02/28/2025 02/28/25 | For Sale | $699,500 | -- | $334 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First Amer Title Ins Co Or | |
| Interfamily Deed Transfer | -- | First American | |
| Special Warranty Deed | $157,500 | First American | |
| Bargain Sale Deed | $242,000 | First Amer Title Ins Co Or | |
| Contract Of Sale | $157,500 | First Amer Title Ins Co Or |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $234,000 | New Conventional | |
| Closed | $231,000 | New Conventional | |
| Closed | $188,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $157,000 | Seller Take Back | |
| Previous Owner | $91,619 | Credit Line Revolving |
Source: Central Oregon Association of REALTORS®
MLS Number: 220196560
APN: 161425
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