9 days on rocket

1640 Mill St, Eugene, OR, 97401

$1,175,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,184 SqFt
$369/SqFt
House
Schools Nearby

Location

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1640 Mill St, Eugene$1,175,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingStreet Parking, Open
Year Built1974
MLS #24333093
Lot Size0.11 Acres
StatusActive

About 1640 Mill St

10 unit "quint" building just blocks to the heart of campus- 5 studios per floor with in suite bath sharing common kitchens of the 2 story building. To be clear, the building has 10 studios with 10 baths and 2 kitchens, one on each floor. Very stable rental history and most units leased at $850/unit. One unit turning over at the time of listing and is on the market for $900 with significant showing activity. Building as achieved rents of $900/unit previously. Building has new flooring through out the units ( within the last 18 months), new exterior paint, parking lot resurface and roof appears to be about halfway through its lifespan.This pedestrian to campus location has broad appeal to the student population, but in practice, about half the current tenants are non-students reflecting the desirability of this product type to many potential tenants.

Property Details

Property Features

Property Information:

  • Year Built: 1974
  • Stories: 2
  • Living Area: 3,184 SqFt

Listing Office:

  • Office Name: Evans, Elder, Brown & Seubert
  • Office Phone: (541) 345-4860
  • Listing Agent: David Holland

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Street Parking, Open

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.11 Acres

School Info

Assigned Schools Information:

  • South Eugene High School, Public District Grades 9-12
  • Roosevelt Middle School, Public District Grades 6-8
  • Edison Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Mill Street between 16th and 17th

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,175,000
  • Price Per SqFt: $369/SqFt

Tax Information:

  • Annual Amount: $4,918
  • Tax Year: 2020
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Housing Market Comparison

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

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Eugene, OR

City

Med. Sold Price

$484.4K

Med. Price/SqFt

$299

Avg. Days On Market

34

# of Sold Homes

136

1640 Mill St vs Eugene

9 DAYS ON ROCKET

-25 Days

$1,175,000

+$690.5K More

$369/SqFt

+$70 More

KEY TAKEAWAY

This property is $690.5K more than the Median Sold Price and $70/SqFt more than other homes in Eugene, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24333093

Listing Office:

  • Office Name: Evans, Elder, Brown & Seubert
  • Office Phone: (541) 345-4860
  • Listing Agent: David Holland

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: 5/5/2024, 4:20:36 AM 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$4,918$249,684
2018$4,470$235,352
2017$4,163$228,497

History based on county public records data.

Payment Calculator

$5,932

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,589

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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.

Elementary School

school-card-donut-6317818
8
/10

  • Edison Elementary School

  • 1328 E 22nd Ave

  • 0.82 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6317819
6
/10

  • Roosevelt Middle School

  • 680 E 24th Ave

  • 0.63 miles

  • Public District Grades 6-8

High School

school-card-donut-6317820
9
/10

  • South Eugene High School

  • 400 E 19th Ave

  • 0.29 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,829. The most common annual income of people living in Eugene, OR is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1640 Mill St

What is the listing price of this property?

The listing price of 1640 Mill St property is $1,175,000.

What type of property is this?

The property 1640 Mill St is a house located in Eugene, Oregon, 97401.

Is this property for sale now?

Active Listing: 1640 Mill St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1640 Mill St are:
Edison Elementary School: GreatSchools Rating 8/10
Roosevelt Middle School: GreatSchools Rating 6/10
South Eugene High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,918 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 1640 Mill St is 3,184 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1640 Mill St is 1974.

Rocket Homes›Oregon›Lane County›Eugene›97401›1640 Mill St

This home is located at 1640 Mill St in Eugene, OR and zip code 97401 in the West University neighborhood. This 3,184 square foot home, which was built in 1974, sits on a 0.11 acre lot. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $1,175,000.

In April 2024 more than 63 listings in Eugene, OR were sold above the asking price. During the same period more than 25 listings were sold at asking price, while more than 48 were sold below. The inventory of homes for sale in Eugene, OR between March 2024 and April 2024 increased by 6.2%. In April 2024 median list price was $484,451 and the average listing age was 34 days.

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

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