For SaleRisky Deal17 days on market
1228 NW Cedar St
1228 NW Cedar St, McMinnville, OR 97128, McMinnville, OR 97128
$489,900
Estimate®:$485,600
Listing Price
1228 NW Cedar St, McMinnville, OR 97128
Loc: McMinnville, OR
Days Listed
17
Tax Assessed
$363k
Estimate®
$486k
Market Rate
Lot Size
5,663 sqft
Rent Estimate
$2,454/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
9
Memorial Elementary School
K-5
0.1 mi away
8
Duniway Middle School
6-8
0.5 mi away
9
McMinnville High School
9-12
0.5 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-storyhorizontal-sidingasphalt-shingle-roofdrivewayfenced-yardlandscaped-front-yardcozycurb-appealresidentialsuburbanstepped-entrywaybungalow
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.56%
Total ROI
36.2%
Cash Flow
$-1,089/mo
DSCR
0.57
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,089/mo net cash flow with a 3.6% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in McMinnville, OR
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-24 | Price change | $489,900 | $298 |
| 2026-09-08 | Listed for sale | $499,900 | $304 |
| 2021-11-01 | Sold | $465,500 | $283 |
| 2021-09-28 | Pending sale | $449,000 | $273 |
| 2021-09-23 | Listed for sale | $449,000 | $273 |
| 2012-04-12 | Sold | $170,000 | $104 |
| 2011-06-20 | Sold | $102,500 | $62 |
| 2011-04-20 | Price change | $107,100 | $65 |
| 2011-03-15 | Listed for sale | $119,000 | $72 |
| 2010-09-20 | Sold | $219,661 | $134 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,728.65 | $209,396 |
| 2024 | $3,533.53 | $203,297 |
| 2023 | $3,336.15 | $197,376 |
| 2022 | $2,458.85 | $149,089 |
| 2021 | $2,400.69 | $144,747 |
| 2020 | $2,381.54 | $140,531 |
| 2019 | $2,316.95 | $136,438 |
| 2018 | $2,271.14 | $132,464 |
| 2017 | $2,271.14 | $128,606 |
| 2016 | $2,113.59 | $124,860 |
| 2015 | $2,113.59 | $121,225 |
| 2014 | $2,062.1 | $117,696 |
| 2013 | $1,883.8 | $114,269 |
| 2012 | $1,837.54 | $110,942 |
| 2011 | $1,787.73 | $107,712 |
| 2010 | $1,724.71 | $104,576 |
| 2009 | $1,696.26 | $101,530 |
| 2008 | $1,626.48 | $98,573 |
| 2007 | $1,588.68 | $95,702 |
| 2006 | $1,434.5 | $92,915 |
| 2005 | $1,471.62 | $90,209 |
| 2004 | $1,395.13 | $87,582 |
| 2003 | $1,488.44 | $85,031 |
| 2002 | $1,427.26 | $82,554 |
| 2001 | $1,371.31 | $80,150 |
| 2000 | $1,319.68 | $77,816 |
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