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2575 Mountain Terrace

2575 Mountain Terrace, Eugene, OR 97408
House in Lane
Sold Feb 14, 2023
$460,000
$437,000 by Summit Funding Inc
Mortgage Due Mar 01, 2053
Sold Aug 11, 2020
$325,000
$292,500 by Guild Mortgage Co
Mortgage Due Sep 01, 2050
Local assessors in Eugene, OR have categorized 2575 Mountain Terrace as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 3,049 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2575 Mountain Terrace has a total of 1,740 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 380 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a gable style roof that was made of composition shingle. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2575 Mountain Terrace sold most recently in Feb 13, 2023 for a total of $460,000. If you work out the math, that's approximately a cost of $216.98 per sqft. Before that, the property was also sold for $325,000 in Aug 5, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,041 in taxes each year. 2575 Mountain Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $203,124. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 3,049
  • Total Building Area: 2,120
  • Gross Building Area: 2,120
  • Building Area: 1,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MOUNTAIN TERRACE
  • Land Acres: 0.07
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIVISION PLAT MOUNTAIN TERRACE LOT 52 TL 09000

Ownership

  • Current Owner : MARTINEZ JAVIER E
  • Current Owner 2: MARTINEZ TAYLOR C
  • Previous Owner : HARTSFIELD MICHAEL D
  • Owner Before Previous Owner: OFORI PARKU SYLVESTER
  • Owner Before Previous Owner 2: OFORI PARKU BERNICE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Eugene School District 4J
  • Census Tract: 002203

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 1703171109000
  • Account Number: 1729951
  • Parcel: 1729951
  • Lot: 52
  • Meridian: SEC 17 TWN 17 RNG 03
  • Municipality: EUGENE
  • Latitude: 44.0978
  • Longitude: -123.068

    Address

  • Full Address: 2575 Mountain Ter
  • Address - House Number: 2575
  • Address - Street Name: Mountain
  • Address - Suffix Type: Ter
  • State: OR
  • City Name: Eugene
  • Carrier Code: C070
  • 4-Digit Zip Code: 4601
  • Zip Code: 97408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,041
  • Tax Rate Code Area: 00400

    Appraisal Valuation

  • Standard Deviation: 0.1592
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 80
  • Final Value: 504,840
  • High Value: 585,259
  • Low Value: 424,420

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $437,000
  • First Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • First Open Lien Mortgage Recording Date: Feb 14, 2023
  • First Open Lien Mortgage Loan Amount: $437,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2053

    Market Valuation

  • Market Total Value: $520,655
  • Market Land Value: $125,122
  • Market Improvement Value: $395,533

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,124

    Sales

  • Current Sale Contract Date: Feb 13, 2023
  • Current Sale Recording Date: Feb 14, 2023
  • Current Sale Transaction ID: 11902108325
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3685
  • Previous Sale Recording Date: Aug 11, 2020
  • Previous Sale Contract Date: Aug 05, 2020
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: Feb 14, 2023
  • First Mortgage Loan Amount: $437,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: GUILD MORTGAGE CO
  • Previous Mortgage Transaction Date: Aug 11, 2020
  • Previous Mortgage Loan Amount: $292,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2050

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Frequently Asked Questions

What neighborhood is 2575 Mountain Terrace located in?
The 2575 Mountain Terrace is a house located in the neighborhood of Lane in Eugene, Eugene.
What is the average sales price for listings in 2575 Mountain Terrace?
The average sales price for units in 2575 Mountain Terrace is $319,900 , or $184/sqft. currently.

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