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Key Details
Sold Price $526,500
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 942 sqft
Price per Sqft $558
MLS Listing ID 24349311
Sold Date 03/21/24
Style Cabin
Bedrooms 2
Full Baths 2
Condo Fees $2,000
HOA Fees $166/ann
Year Built 2008
Annual Tax Amount $2,960
Tax Year 2023
Property Description
Custom cabin on the banks of the McKenzie River with successful short-term rental history. Staying at this cabin is an absolute delight - a unique, quiet spot with clear view and access to the river. Turn-key ready to enjoy or rent out - 100% furnished with premium furniture, linens, and kitchenware. Amazing community of owners to get to know, and the HOA keeps the property maintained. We use this cabin frequently and make it available for VRBO rental the rest of the time. A management company is in place to fully manage the rentals or manage it yourself for maximum returns. Gross revenue of $32,800 in the last year (and we were shut down for over a month with the fires). Potential for much more - other cabins have grossed $70,000/yr. Lots of updates to the entire property recently, and several updates to this cabin, including ductless heat pump-a/c. Built in 2008, this is one of 22 cabins that share the Historic Log Cabin Inn property. Interior features include custom kitchen, built-in woodwork throughout, master bedroom with king bed, en-suite bathroom and full river views. The second bedroom upstairs has a king bed and separate bath. Large screened in deck, extensive landscaping and 7 acres of community lawns and riverfront. Located within 15 minutes of all the McKenzie River Corridor recreational activities including hot springs, hiking, rafting, mountain biking, golfing and near to local restaurants. This cabin is on the lower meadow - close to the river, and most desirable area of the property. HOA Dues of $2,000/yr pays for water (onsite well with generator backup), sewer, and grounds maintenance
Location
State OR
County Lane
Area _233
Interior
Heating Ductless
Cooling Heat Pump
Fireplaces Number 1
Fireplaces Type Propane
Exterior
Garage Detached
Garage Spaces 1.0
Waterfront Yes
Waterfront Description RiverFront
View River, Trees Woods
Roof Type Composition
Parking Type Off Street
Garage Yes
Building
Lot Description Commons, Gentle Sloping, Trees
Story 2
Sewer Shared Septic
Water Shared Well
Level or Stories 2
Schools
Elementary Schools Mckenzie River
Middle Schools Mckenzie
High Schools Mckenzie
Others
Senior Community No
Acceptable Financing Other
Listing Terms Other
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