NOT LISTED FOR SALE

Estimated Value: $339,109 - $390,000

4 Beds
2 Baths
1,558 Sq Ft
$234/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $393,000 $252 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,270/month

125 Days on Market

Highlights

  • No HOA
  • Heating unit installed on the ceiling
  • 1-Story Property
  • West Albany High School Rated 9+
  • Level Lot

About This Home

As of November 2024

Charmer! Rare opportunity to own this well maintained mid-century duplex in historic Montieth district of Albany. Unusual L-shaped design with 2 bedrooms in the back unit and a single bedroom in the front unit. Original wood floors and cabinets, updated bathrooms in 2020 and '21. 1 bed unit has updated kitchen; 2 bed still has the original turquoise counters from 1959! Updated plumbing and electrical. Ceiling fans. 50 year owners have extensive records of all repairs and updates. Larger unit is vacant and open for showings, or for buyer to move in right away! Front unit is occupied - do not disturb tenants. Please write offers subject to viewing of unit 918.

Last Listed By

Jenny Newtson

Oregon First License #201230039 Listed on: 05/09/2024

Oregon First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,740

Year Built

  • Built in 1959

Lot Details

  • 5,662 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Shake Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,558 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Carport
  • Driveway

Schools

  • Takena Elementary School
  • Memorial Middle School
  • West Albany High School

Utilities

  • No Cooling
  • Heating unit installed on the ceiling
  • Radiant Heating System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number 0135992

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Montieth Subdivision

Building Details

  • Operating Expense $8,069
  • Gross Income $18,600
  • Net Operating Income $18,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,740

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1959
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: ShakeSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport, Driveway
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Ceiling, Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Takena
  • High School: West Albany
  • Middle Or Junior School: Memorial

Lot Info

  • Zoning: Res
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662.0
  • Parcel #: 0135992

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 2739.85
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 21.45
  • Annual Gross Income: 18600.0
  • Property Net Operating Income: 18600.0
  • Annual Operating Expense: 8069.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Oct 25, 2024
Sold by
Duane & Rogene Odden Revocable Living Tr and Odden Rogene
Bought by
Rollins Casey L and Rollins Cheyenne M
Seller's Agent
Jenny Newtson
Oregon First
Buyer's Agent
Chuck Grant
MORE Realty
List Price
$415,000
Sold Price
$393,000
Premium/Discount to List
-$22,000
-5.3%
Total Days on Market
125
Views
40
Current Estimated Value
$364,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,445
Avg. Annual Appreciation
-14.77%
Original Mortgage
$385,881
Outstanding Balance
$384,743
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
-$20,188

Purchase Details

Closed on
Jun 2, 2010
Sold by
Odden Duane Boyd and Odden Rogene Sharon
Bought by
Odden Duane B and Odden Rogene S

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
Rollins Casey L $393,000 Ticor Title
Odden Duane B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rollins Casey L $385,881
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 Sold $393,000 -1.5% $252 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
08/12/2024 08/12/24 Price Changed $399,000 -1.5% $256 / Sq Ft
06/16/2024 06/16/24 Price Changed $405,000 -2.4% $260 / Sq Ft
05/09/2024 05/09/24 For Sale $415,000 -- $266 / 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
2024 $2,820 $141,680 -- --
2023 $2,740 $137,560 $0 $0
2022 $2,697 $133,560 $0 $0
2021 $2,538 $129,670 $0 $0
2020 $2,504 $125,900 $0 $0
2019 $2,446 $122,240 $0 $0
2018 $2,382 $118,680 $0 $0
2017 $2,313 $115,230 $0 $0
2016 $2,156 $111,880 $0 $0
2015 $2,116 $108,630 $0 $0
2014 $2,060 $105,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24630755

Regional Multiple Listing Service (RMLS)

APN: 0135992