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$325,000   Price Analysis
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1124 E Madison Ave
Cottage Grove, OR 97424
4 bed 2 bath 1,655 SqFt ($196/SqFt)
9,147SqFt lot. Built 1945
Listed 2024-03-27, Taxes $2,651
USDA Eligible
near Cottage Grove, OR
 

Rare find with two homes on large .21 acr lot.

* Sale Pending *

The homes have had some updating including recent interior painting, newer roof on 1 home, new toilets.

Insulation placed around piping under 1 home. The location is perfect within minutes of schools, shopping and recreation.


Presented by jane dixon at
MORE Realty.


Property MLS #24376789 from RMLS

Bedrooms: 4

Full Bathrooms: 2

Heating Features: WallHeater, Zoned
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity

Lot Description: Level
Lot Size Acres: 0.2099862
Lot Size Square Feet: 9147

Road Surface Type: Paved

Parking Features: Driveway, OnStreet

Elementary School: Harrison
High School: Cottage Grove
Middle School: Lincoln

Harrison Elementary School is a public elementary school located approximately 0.3 miles away.
directions icon Map directions

Lincoln Middle School is a public middle school located approximately 0.8 miles away.
directions icon Map directions

Cottage Grove High School is a public high school located approximately 0.9 miles away.
directions icon Map directions

Cottage Grove Christian School is a private elementary and middle school located approximately 0.3 miles away.
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Gross Income: 25500
Rent Includes: MaintenanceGrounds, TrashCollection

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 2757.880000000
Source Listing Status: Pending
County: Lane
Cap Rate: 6.93
Directions: Corner of Madison and 12th St.
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 0899847
Zoning: R1
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$144,905
$2,651
2021$unknown + $unknown
$140,685
$2,578
2020$unknown + $unknown
$136,588
$2,528
2019$unknown + $unknown
$132,610
$2,392
2018$unknown + $unknown
$128,748
$2,362
2017$unknown + $unknown
$124,998
$2,296
2016$unknown + $unknown
$121,357
$2,262
2015$unknown + $unknown
$117,822
$2,094
2014$unknown + $unknown
$114,390
$2,019
2013$unknown + $unknown
$111,058
$1,899
2012$unknown + $unknown
$107,063
$1,764
2011$unknown + $unknown
$108,349
$1,855
2010$unknown + $unknown
$105,193
$1,805
2009$unknown + $unknown
$102,129
$1,748
2008$unknown + $unknown
$99,154
$1,693
2007$unknown + $unknown
$96,266
$1,642

Price Changed 2024-07-01
$325,000
RMLS
Price Changed 2024-05-13
$398,500
RMLS
Listed 2024-03-27
$425,000
RMLS
Sold 2015-03-06
$118,000
RMLS
Relisted 2014-12-18
$114,900
RMLS
Listing removed 2014-12-14
$114,900
RMLS
Listed 2014-12-05
$114,900
RMLS
Listing removed 2013-06-21
$149,000
RMLS
Listing removed 2013-04-04
$149,000
RMLS
Listed 2013-04-01
$149,000
RMLS
Listed 2012-12-19
$149,000
RMLS
Listing removed 2012-01-01
$177,500
RMLS
Listed 2011-01-05
$177,500
RMLS
Listing removed 2011-01-01
$180,000
RMLS
Listed 2009-12-31
$180,000
RMLS
Sold 2006-11-02
$175,000
RMLS
Listing removed 2006-05-25
$189,000
RMLS
Listing removed 2006-05-25
$189,000
RMLS
Listed 2006-05-24
$175,000
RMLS
Listed 2006-05-24
$175,000
RMLS
Listed 2006-04-28
$189,000
RMLS
Listed 2006-04-27
$189,000
RMLS
Sold 2004-10-28
$123,000
Public Record
Sold 2000-05-12
$82,500
Public Record
Sold 1991-07-15
$45,000
Public Record
Sold 1989-07-20
$40,000
Public Record

Net Operating Income: 22536
Operating Expense: 5728

Year Built: 1945
Building Area Total: 1655
Building Exterior Type: VinylSiding
Property Age: 79
Property Condition: UpdatedRemodeled
Roof: Composition

Sewer: PublicSewer
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.