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Listed by JILL SCHUSTER • TRIPLE OAKS REALTY-CORVALLIS BRANCH • 541-619-5427

$430,000

Est. payment - /mo

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4 Beds

2.5 Baths

2,074 SqFt

Active Under Contract

622 16th St Philomath, OR 97370

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Key Details

Property Type Single Family Home

Sub Type Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,074 sqft

Price per Sqft $207

Subdivision Millpond Crossing

MLS Listing ID 825712

Bedrooms 4

Full Baths 2

Half Baths 1

Year Built 2020

Annual Tax Amount $4,399

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Residence

Property Description

Accepted Offer with Contingencies. Move-In Ready or Investor-Ready: Ask lending partner re: low 4.99% rate option! Flexible 4-BR Opportunity! Built in 2020, thoughtful floor plan featuring open kitchen with SS appliances, walk-in pantry, and granite island flows into comfortable living spaces, fully fenced backyard. In Philomath/Corvallis, similar homes rent for $2,800–$3,200+/month, making this a smart investment with low maintenance and good demand. For buyers seeking an affordable newer home, Philomath provides small-town charm near OSU. Move-In Ready or Investor-Ready: Flexible 4-BR Opportunity! Ask about USDA RD 0% down financing. Or possible rent-to-own options. Lender Terri Linares at Union Home Mortgage has info re: 4.99% rate option with Seller participation. Built in 2020, this bright and welcoming home is ready for its next chapter—whether that's as a first investment property or a place to settle into small-town living. The thoughtful floor plan centers on a modern kitchen with stainless steel appliances, a walk-in pantry, and a large granite island that's perfect for cooking, gathering, or even spreading out homework. Four bedrooms provide flexibility for families, guests, or shared living arrangements, while the fully fenced, flat backyard creates space for play, gardening, or quiet evenings outdoors.For investors, this nearly new home offers strong rental potential with minimal upkeep thanks to its recent construction. In the Philomath/Corvallis area, comparable four-bedroom homes are currently renting between $2,800 and $3,200 per month, providing a path to steady income and long-term appreciation. With 25% down, a first-time investor can step into the market with confidence.For owner-occupants, this is an affordable opportunity to own a newer home in a quiet town just minutes from Oregon State University. Philomath offers a friendly community with quick access to Corvallis and a direct route to the Oregon Coast—making it an ideal spot for those who want convenience and connection without the hustle of city living.

Location

State OR

County Benton

Area 70 Benton County

Rooms

Primary Bedroom Level 2/Upper

Dining Room Area (Combination)

Interior

Hot Water Electric

Heating Electric, Zonal, Ductless/Mini-Split

Cooling Electric, Zonal, Ductless/Mini-Split

Flooring Carpet, Luxury Vinyl Plank

Fireplaces Type Living Room, Electric

Inclusions appliances currently on site

Exterior

Parking Features Attached

Garage Spaces 2.0

Fence Yes

Roof Type Composition

Garage Yes

Building

Foundation Continuous

New Construction No

Schools

Middle Schools Philomath

High Schools Philomath

Others

Senior Community No

Acceptable Financing Federal VA, Cash, ODVA, FHA, Conventional, USDA, Other (Refer to Pvt Rmks)

Listing Terms Federal VA, Cash, ODVA, FHA, Conventional, USDA, Other (Refer to Pvt Rmks)

Virtual Tour https://listings.hdopenhouse.com/622-S-16th-St-Philomath-OR-97370-USA-fzu0?mls=

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Koert Balke

Agent | MORE REALTY | License ID: 201233253

+1(503) 381-6361