1 month on rocket

517 N First St, Drain, OR, 97435

$110,000

0.36 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeMixed Use
ViewCity
MLS #24239926
Lot Size0.36 Acres
StatusActive

About 517 N First St

Great investment opportunity 4 lots of commercial property totaling .36 acres in a great location as you pull into the city. Investor friendly. Waiting to be fully developed. Overlooking the City of Drain "Gateway to the Pacific Ocean" Lot # R20915, R20923, R20907, R20939 Rezoning may be possible. According to the City of Drain planners office it may be built up to a height of 50 ft (approximately 4 stories) a special permit may be issued to allow the owner of a business to live onsite as well. According to the city administrator , the City does have funding for business loans to expand Drain's commercial and economic growth. The city is looking for new investors to help shape the City's future Jennie the city administrator can be reached at 541-836-2417 if you have further questions.

Property Details

Property Features

Listing Office:

  • Office Name: Vantage Point Brokers, LLC
  • Office Phone: (503) 523-0997
  • Listing Agent: Theresa Montoya

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.36 Acres

Other

Directions Information:

  • Directions: Corner of N 1st St and W E St

Price Information

Listing Price Info

Price Summary:

  • List Price: $110,000

Tax Information:

  • Annual Amount: $233
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Drain, OR.

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Drain, OR

City

Med. List Price

$325K

Med. Price/SqFt

$228

Avg. Days On Market

121

517 N First St vs Drain

54 DAYS ON ROCKET

-67 Days

$110,000

-$215K Less

KEY TAKEAWAY

This property is $215K less than the Median List Price in Drain, OR.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24239926

Listing Office:

  • Office Name: Vantage Point Brokers, LLC
  • Office Phone: (503) 523-0997
  • Listing Agent: Theresa Montoya

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$233$20,910
2019$232$20,910
2017$224$20,910

History based on county public records data.

Payment Calculator

$617

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$396

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-312786
2
/10

  • Yoncalla Elementary / Middle School

  • 401 1st St

  • 4.27 miles

  • Public District Grades KG-6

school-card-donut-312787
4
/10

  • Bohemia Elementary School

  • 721 S R St

  • 15.10 miles

  • Public District Grades KG-5

school-card-donut-312788
7
/10

  • Harrison Elementary School

  • 1000 Taylor Ave

  • 15.61 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,170. The majority of Drain, OR residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 517 N First St

What is the listing price of this property?

The listing price of 517 N First St property is $110,000.

What type of property is this?

The property 517 N First St is land located in Drain, Oregon, 97435.

Is this property for sale now?

Active Listing: 517 N First St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $233 (source: MLS/based on county public records data).

How much acreage is this property?

The property 517 N First St is 0.36 acres.
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Rocket Homes›Oregon›Douglas County›Drain›97435›517 N First St

This home is located at 517 N First St in Drain, OR and zip code 97435. This home sits on a 0.36 acre lot. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $110,000.

The number of listings in Drain, OR decreased by 46.2% between September 2024 and October 2024. In October 2024 median list price was $325,000 and the average listing age was 121 days.

From Rocket Homes Real Estate and based on county public records data.

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