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5305 Cottage Avenue

5305 Cottage Avenue, Klamath Falls, OR 97603
Property in Klamath
Sold Jun 07, 2021
$165,000
$162,011 by Broker Solutions Inc
Mortgage Due Jul 01, 2051
Sold Jun 06, 2016
Transfer
$120,334 by Carrington Mortgage Services L
Mortgage Due Jun 01, 2039
Local assessors in Klamath Falls, OR have categorized 5305 Cottage Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 21,344 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5305 Cottage Avenue has a total of 1,072 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 detached garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. The building has a gable or hip style roof that was made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. 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, 5305 Cottage Avenue sold most recently in May 27, 2021 for a total of $165,000. If you work out the math, that's approximately a cost of $153.92 per sqft. 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 $1,115 in taxes each year. 5305 Cottage Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $85,710. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,344
  • Total Building Area: 1,072
  • Gross Building Area: 1,072
  • Building Area: 1,072
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,072
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PLEASANT HOME
  • Land Acres: 0.49
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLEASANT HOME TRACTS NO 2 LOT 149

Ownership

  • Current Owner : BASURTO PAIGE
  • Current Owner 2: BASURTO DAVID ANTHONY
  • Previous Owner : MACKEY REBECCA L
  • Previous Owner 2: MACKEY ISRAEL
  • Owner Before Previous Owner: MACKEY REBECCA L
  • Owner Before Previous Owner 2: RUTZ REBECCA L
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Nov 20, 2023

Neighborhood

  • School District Name: Klamath County School District
  • Census Tract: 971200

Zoning

  • Zoning: RS

Geography

  • Assessors Map Reference: 39S-9E-02-NE-SW
  • Account Number: 513242
  • Subdivision Tract Number: 2
  • Parcel: R513242
  • Lot: 149
  • Meridian: SEC 02 TWN 39S RNG 09E
  • Latitude: 42.21
  • Longitude: -121.724

    Address

  • Full Address: 5305 Cottage Ave
  • Address - House Number: 5305
  • Address - Street Name: Cottage
  • Address - Suffix Type: Ave
  • State: OR
  • City Name: Klamath Falls
  • Carrier Code: C024
  • 4-Digit Zip Code: 5027
  • Zip Code: 97603

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,115
  • Tax Rate Code Area: 41

    Appraisal Valuation

  • Standard Deviation: 0.2646
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 62
  • Final Value: 225,139
  • High Value: 284,718
  • Low Value: 165,560

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $162,011
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Jun 07, 2021
  • First Open Lien Mortgage Loan Amount: $162,011
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Negative Amortization
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $252,320
  • Market Land Value: $50,770
  • Market Improvement Value: $201,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,710

    Sales

  • Current Sale Contract Date: May 27, 2021
  • Current Sale Recording Date: Jun 07, 2021
  • Current Sale Transaction ID: 11838037198
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-008985
  • Previous Sale Recording Date: Jun 06, 2016
  • Previous Sale Contract Date: May 24, 2016
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Jun 07, 2021
  • First Mortgage Loan Amount: $162,011
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Negative Amortization
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CARRINGTON MORTGAGE SERVICES L
  • Previous Mortgage Transaction Date: Jun 06, 2016
  • Previous Mortgage Loan Amount: $120,334
  • Previous Mortgage Term: 275
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2039

About Altamont



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5305 Cottage Avenue located in?
The 5305 Cottage Avenue is a located in the neighborhood of Klamath in Altamont, Klamath Falls.
What is the average sales price for listings in 5305 Cottage Avenue?
The average sales price for units in 5305 Cottage Avenue is $0 currently.

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