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489 Covey Ln

Eugene, OR 97401

3 bd 3 ba 1,961 sqft Built 2002 Lot 3,484 sqft single_family
Most recent sale
$485,000
Apr 28, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 28, 2022 Sold $485,000 MLS #22071865
Apr 1, 2022 Listed $485,000 MLS #22071865
Apr 28, 2010 Listing removed $269,000 RMLS
Jun 27, 2003 Sold $260,930 Public Record
Feb 17, 2003 Listed $269,000 MLS #3011226

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $350,098 $6,183
2020 $339,901 $6,099
2019 $330,001 $5,971
2018 $320,390 $5,641
2017 $311,058 $5,315
2016 $301,998 $5,099
2015 $293,202 $4,945
2014 $215,587 $67,289 $282,876 $4,803
2013 $263,492 $4,485
2012 $284,662 $4,601
2011 $276,371 $4,608
2010 $268,321 $4,626
2009 $260,506 $4,789
2008 $252,918 $4,542

Property facts

Year built
2002
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
1,961 sqft
Lot size
3,484 sqft
ZIP code
97401
City
Eugene
Street
Covey Ln
Coordinates
44.05367, -123.05100

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,922
Gross rental yield
9.70%
Implied cap rate
6.31%
Trend-extrapolated value

Frequently asked questions

When did 489 Covey Ln last sell?
489 Covey Ln most recently sold on Apr 28, 2022 for $485,000.
What is the current tax assessment for 489 Covey Ln?
The most recent total assessment for 489 Covey Ln (year 2021) is $350,098 with $6,183 in property tax.
How does 489 Covey Ln's assessment compare to its last sale price?
The current assessment is 27.8% below the last sale price of $485,000.
When was 489 Covey Ln built?
489 Covey Ln was built in 2002.
How does 489 Covey Ln compare to others on Covey Ln?
We track 8 other properties on Covey Ln. Browse the list under "Other properties on Covey Ln" to compare beds, baths, and sale history.
What are the property facts for 489 Covey Ln?
489 Covey Ln is a 3 bed, 3 bath, 1,961 sqft, 3,484 sqft lot single_family.
Is 489 Covey Ln a flip candidate?
No — 489 Covey Ln does not appear in our flips dataset.
Is 489 Covey Ln a tax-appeal candidate?
No — 489 Covey Ln is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+2.1%
Implied 1-yr
+8.3%
2026 Q2
$657.2K
2026 Q3
$664.1K
ZIP 97401 — Median Price History + Forecast

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