$550,900 Price Analysis    ♡   Cottage Grove, OR 97424 4 bed 3 bath unknown SqFt ($0/SqFt) 7,405SqFt lot. Built 1922 Listed 2024-05-08, Taxes $5,009 | ✓ USDA Eligible near Cottage Grove, OR |
This property has so many possibilities.
It would be extraordinary for a owner occupied investment. Live in the house and rent out the 1 bed/1 bath apartment over the garage or visa versa and the property will help pay for itself. It would also work great for multigenerational/ extended family living. Or use the apartment for a caretakers unit for those needing on site help. The apartment would also make a great office, guest house for out of town company or recreation room. The house is 3 bedrooms but could be 5. The sellers removed a wall from the downstairs bedrooms to make a larger master. replace it and have 2 beds down and 2 up or put a wall up between the L shaped room upstairs which already has 2 doors and have 3 rooms upstairs. House has a full bathroom on both levels. The 20X30 gar age has room for 4 car parking inside, the driveway will hold 4 cars plus there is off street parking in the front and the apartment above the garage has its own entrance and 2 car parking at the back of the property.
Apartment also has its own separate utilities and address. Main house has some remodeling and some original era featurs. It has a completely remodeled custom kitchen with granite counters and knotty alder cabinets and cupboards. There is a wood stove in the house, along side the garage is a covered wood storage area. There is a 1000+ sqft basement with lots of storage area. There is a generac generator hooked directly to the natural gas line that comes on automatically within several seconds of a power outage Which came in handy this pass winter during the ice storms. fully fenced backyard with a deck, patio, Garden shed and a few raised garden beds. Seller currently gets $900 a month for the apartment but has not raised the rent this year in case new owners would like to keep the tenant and raise the rent themselves. If not seller is willing to remove the tenant. Seller has been told that they could get $2500 to $3500 for the house if an investor wanted to rent
Presented by Tammy Almaraz at
Hybrid Real Estate.
Property MLS #24020150 from RMLS
Heating Features: ForcedAir, WallHeater
Heating Fuel: Electricity, Gas
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.1699954
Lot Size Square Feet: 7405
Parking Total: 6
High School: Cottage Grove
Middle School: Lincoln
Map directions Map directions Map directions Map directionsUnit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Annual Tax Amount: 5210.5
Source Listing Status: Active
County: Lane
Cap Rate: 1.96
Directions: I-5 to 174 exit straight to gateway rd right on main street which becomes W. main
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 0902328
Zoning: rsd
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $273,771 | $5,009 |
| 2021 | $unknown + $unknown $265,798 | $4,871 |
| 2020 | $unknown + $unknown $258,057 | $4,776 |
| 2019 | $unknown + $unknown $241,010 | $4,347 |
| 2018 | $unknown + $unknown $233,991 | $4,293 |
| 2017 | $unknown + $unknown $227,176 | $4,174 |
| 2016 | $unknown + $unknown $220,559 | $4,112 |
| 2015 | $unknown + $unknown $214,135 | $3,779 |
| 2014 | $unknown + $unknown $207,898 | $3,678 |
| 2013 | $unknown + $unknown $201,843 | $3,452 |
| 2012 | $unknown + $unknown $196,437 | $3,237 |
| 2011 | $unknown + $unknown $192,807 | $3,298 |
| 2010 | $unknown + $unknown $187,191 | $3,213 |
| 2009 | $unknown + $unknown $181,739 | $3,110 |
| 2008 | $unknown + $unknown $176,446 | $3,014 |
| 2007 | $unknown + $unknown $171,307 | $2,922 |
$550,900
RMLS
Listed 2024-05-08
$575,900
RMLS
Listing removed 2024-04-26
$570,900
RMLS
Price Changed 2024-03-26
$570,900
RMLS
Listed 2024-02-14
$575,900
RMLS
Sold 2016-09-20
$217,000
RMLS
Listed 2016-05-26
$219,000
RMLS
Listing removed 2015-07-01
$216,000
RMLS
Price Changed 2015-06-15
$216,000
RMLS
Price Changed 2015-05-28
$218,000
RMLS
Price Changed 2015-04-30
$219,000
RMLS
Price Changed 2015-04-15
$224,000
RMLS
Price Changed 2015-04-02
$228,000
RMLS
Price Changed 2015-03-18
$229,000
RMLS
Price Changed 2015-02-21
$229,900
RMLS
Price Changed 2015-02-19
$236,900
RMLS
Price Changed 2015-02-13
$237,900
RMLS
Price Changed 2015-01-21
$238,900
RMLS
Price Changed 2015-01-05
$239,900
RMLS
Price Changed 2014-11-21
$249,900
RMLS
Listed 2014-10-17
$259,990
RMLS
Listing removed 2010-04-28
$255,000
RMLS
Listing removed 2010-04-28
$299,900
RMLS
Listing removed 2010-01-02
$225,000
RMLS
Price Changed 2009-12-26
$225,000
RMLS
Relisted 2009-08-24
$250,000
RMLS
Listing removed 2009-08-06
$250,000
RMLS
Listed 2009-07-01
$250,000
RMLS
Listed 2008-06-26
$255,000
RMLS
Listed 2007-08-30
$299,900
RMLS
Sold 1994-06-08
$86,500
Public Record
Sold 1993-02-05
$82,000
Public Record
Sold 1992-02-11
$82,000
Public Record
Sold 1990-01-04
$56,000
Public Record
Building Exterior Type: T111Siding, VinylSiding
Foundation Details: ConcretePerimeter
Property Age: 102
Property Condition: UpdatedRemodeled
Roof: Composition, Membrane
Levels or Stories: 2
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.