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508 First St

Wallowa, OR 97885

2 bd 1 ba 1,428 sqft Built 1972 Lot 13,068 sqft single_family
Most recent sale
$245,000
May 9, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 9, 2022 Sold $245,000 MLS #22170497
Mar 19, 2022 Listed $235,000 MLS #22170497
Mar 10, 2021 Sold $191,500 MLS #21410238
Jan 23, 2021 Listed $184,750 MLS #21410238
Jul 15, 2008 Sold $125,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $69,287 $29,674 $98,961 $1,499
2020 $66,573 $29,506 $96,079 $1,341
2019 $64,161 $29,120 $93,281 $1,304
2018 $61,322 $29,243 $90,565 $1,268
2017 $59,542 $28,386 $87,928 $1,233
2016 $57,330 $28,037 $85,367 $1,199
2015 $55,661 $27,220 $82,881 $1,151
2014 $80,467 $1,132
2013 $53,162 $24,962 $78,124 $1,102
2012 $61,022 $14,827 $75,849 $1,071
2011 $59,245 $14,395 $73,640 $1,041
2008 $55,845 $13,569 $69,414 $994
2007 $52,640 $12,791 $65,431 $940
2004 $59,880 $902

Property facts

Year built
1972
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,428 sqft
Lot size
13,068 sqft
ZIP code
97885
City
Wallowa
Street
First St
Coordinates
45.56995, -117.53547

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,856
Gross rental yield
13.99%
Implied cap rate
9.09%
Trend-extrapolated value

Frequently asked questions

When did 508 First St last sell?
508 First St most recently sold on May 9, 2022 for $245,000.
What is the current tax assessment for 508 First St?
The most recent total assessment for 508 First St (year 2021) is $98,961 with $1,499 in property tax.
How does 508 First St's assessment compare to its last sale price?
The current assessment is 59.6% below the last sale price of $245,000.
When was 508 First St built?
508 First St was built in 1972.
How does 508 First St compare to others on First St?
We track 5 other properties on First St. Browse the list under "Other properties on First St" to compare beds, baths, and sale history.
What are the property facts for 508 First St?
508 First St is a 2 bed, 1 bath, 1,428 sqft, 13,068 sqft lot single_family.
Is 508 First St a flip candidate?
Yes — 508 First St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 508 First St a tax-appeal candidate?
No — 508 First St 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
+6.7%
Implied 1-yr
+26.7%
2026 Q1
$486.8K
2026 Q2
$491K
ZIP 97885 — Median Price History + Forecast

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