For SaleRisky Deal125 days on market
2835 NE Leathers Ln
2835 NE Leathers Ln, McMinnville, OR 97128, McMinnville, OR 97128
$489,000
Listing Price
2835 NE Leathers Ln, McMinnville, OR 97128
Loc: McMinnville, OR
Days Listed
125
Tax Assessed
$427k
Lot Size
10,019 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 storyvinyl sidingbrick accentsattached garagegabled rooflandscaped yardflowering bushesrhododendronssuburbanwell-maintainedcozytraditional residential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.19%
Total ROI
93.5%
Cash Flow
$-13/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-13/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • 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 |
|---|---|---|---|
| 2026-09-21 | Price change | $489,000 | $302 |
| 2026-07-27 | Listed for sale | $499,000 | $308 |
| 2026-07-23 | Pending sale | $499,000 | $308 |
| 2026-06-16 | Listed for sale | $499,000 | $308 |
| 2026-06-04 | Pending sale | $499,000 | $308 |
| 2026-05-23 | Listed for sale | $499,000 | $308 |
| 1994-09-01 | Sold | $144,500 | $89 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,957.37 | $278,399 |
| 2024 | $4,697.94 | $270,290 |
| 2023 | $4,435.5 | $262,417 |
| 2022 | $4,201.86 | $254,774 |
| 2021 | $4,102.45 | $247,353 |
| 2020 | $4,069.73 | $240,149 |
| 2019 | $3,959.35 | $233,154 |
| 2018 | $3,881.06 | $226,363 |
| 2017 | $3,881.06 | $219,770 |
| 2016 | $3,611.89 | $213,369 |
| 2015 | $3,611.89 | $207,156 |
| 2014 | $3,523.84 | $201,124 |
| 2013 | $3,075.65 | $187,385 |
| 2012 | $3,072.53 | $186,316 |
| 2011 | $3,240.91 | $195,267 |
| 2010 | $3,126.67 | $189,581 |
| 2009 | $3,075.06 | $184,059 |
| 2008 | $2,948.55 | $178,698 |
| 2007 | $2,880.04 | $173,494 |
| 2006 | $2,600.52 | $168,441 |
| 2005 | $2,667.82 | $163,535 |
| 2004 | $2,529.14 | $158,771 |
| 2003 | $2,698.28 | $154,147 |
| 2002 | $2,587.42 | $149,657 |
| 2001 | $2,485.95 | $145,298 |
| 2000 | $2,392.32 | $141,066 |
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