For SaleRisky Deal30 days on market
1420 NE Hoffman Dr
1420 NE Hoffman Dr, McMinnville, OR 97128, McMinnville, OR 97128
$470,000
Listing Price
1420 NE Hoffman Dr, McMinnville, OR 97128
Loc: McMinnville, OR
Days Listed
30
Tax Assessed
$465k
Lot Size
9,148 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Grandhaven Elementary School
K-5
0.2 mi away
6
Patton Middle School
6-8
0.5 mi away
9
McMinnville High School
9-12
0.9 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storylap sidingbrick accentstriangular transom windowsgable roofcovered entrywaylandscaped gardendaffodilspathwaysuburbancozytraditionalresidentialcurb appeal
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.08%
Total ROI
91.1%
Cash Flow
$-56/mo
DSCR
0.98
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-56/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.1%)
- • Strong rental demand in McMinnville
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-22 | Price change | $470,000 | $240 |
| 2026-08-26 | Listed for sale | $489,900 | $250 |
| 2026-08-26 | Listing removed | $499,000 | $255 |
| 2026-08-06 | Price change | $499,000 | $255 |
| 2026-07-15 | Listed for sale | $514,900 | $263 |
| 2026-06-12 | Listing removed | $529,000 | $270 |
| 2026-05-21 | Pending sale | $529,000 | $270 |
| 2026-03-26 | Listed for sale | $529,000 | $270 |
| 2026-03-17 | Pending sale | $529,000 | $270 |
| 2026-03-04 | Listed for sale | $529,000 | $270 |
| 2021-11-01 | Sold | $465,000 | $237 |
| 2021-01-14 | Sold | $425,000 | $217 |
| 2020-11-25 | Pending sale | $449,000 | $229 |
| 2020-11-20 | Listed for sale | $449,000 | $229 |
| 2014-06-23 | Sold | $285,000 | $145 |
| 2014-04-12 | Price change | $285,000 | $145 |
| 2014-03-01 | Price change | $293,000 | $150 |
| 2014-01-24 | Listed for sale | $298,000 | $152 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,703.77 | $320,316 |
| 2024 | $5,405.28 | $310,986 |
| 2023 | $5,103.34 | $301,928 |
| 2022 | $4,834.51 | $293,134 |
| 2021 | $4,720.14 | $284,596 |
| 2020 | $4,682.49 | $276,307 |
| 2019 | $4,555.49 | $268,259 |
| 2018 | $4,465.42 | $260,446 |
| 2017 | $4,465.42 | $252,860 |
| 2016 | $4,155.68 | $245,495 |
| 2015 | $4,155.68 | $238,346 |
| 2014 | $4,054.37 | $229,418 |
| 2013 | $3,379.83 | $205,917 |
| 2012 | $3,361.04 | $203,813 |
| 2011 | $3,655.5 | $221,208 |
| 2010 | $3,816.45 | $231,405 |
| 2009 | $3,753.46 | $224,665 |
| 2008 | $3,599.03 | $218,121 |
| 2007 | $3,515.4 | $211,768 |
| 2006 | $3,174.21 | $205,600 |
| 2005 | $3,256.35 | $199,612 |
| 2004 | $3,087.11 | $193,798 |
| 2003 | $3,293.54 | $188,153 |
| 2002 | $3,158.23 | $182,673 |
| 2001 | $3,034.37 | $177,352 |
| 2000 | $2,920.09 | $172,186 |
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