15690 CORNELL DR

LA PINE, OR 97739, Oregon, 97756

Tax DeedpendingSells Oct 15, 2026 · in 5 days

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Beds: 3
Baths: 2
SqFt: 1,465
Lot Size: 40,075
Year Built: 1965
APN: 151320 DD 00300

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 4 Years 4 Months
Purchase Method: Cash Purchase
County: Deschutes

Value

Estimated Value: $501,000
County Market Value: $566,110; 2025
Assessed Value: $212,720; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Document Type: Quit Claim Deed

Opportunity

Opening Bid: $21,378
Bid / Value: 4%; of $501,000
Property Tax 2025: $4,337; annual bill · not the amount owed
Equity (est.): $501,000; 100%
Monthly Rent: $2,120; Suggested rent
Gross Yield: 5.08%

Opening bid

$21,378

Assessed value

$212,720

Market / AVM

$501,000

Property tax 2025

$4,337

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: MORGANTI, BENJAMIN DEAN
Owner 2 Name: Jeffrey Maxwell
Mailing Address: 2140 Sw Umatilla Ave, Redmond, OR 97756
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 3
Total Bathrooms: 2

Deal analysis

Recorded	Amount	Type	Lender	Rate Type	Term	Maturity	Doc #	Open
08/29/2006	$81,000	Stand Alone Second / Subordinate position	Sierra Pacific Mortgage Company Inc		180	09/01/2021	2006-59241	No
09/23/2004	$71,500	Credit Line (Revolving) / HELOC	Sterling Savings Bank	Other	490	12/15/2045	2004-57283	No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
05/18/2022	05/19/2022		Quit Claim Deed	2022-20458	No	Cash Purchase	Virginia Maxwell, Jeffrey Maxwell	Virgil E Laite
08/13/2010	08/17/2010	$99,900	Special Warranty Deed	2010-32010	Yes	Cash Purchase	Virgil E Laite, Carol J Laite	The Bank Of New York Mellon, The Bank Of New York
08/24/2006	08/29/2006	$405,000	Warranty Deed	2006-59239	Yes	Financed	Suzanna F Clarke	David E Klein, Anne L Klein

Your maximum bid

$304,766

Walk away above this. Projected profit at the ceiling: $150,300 (30% of ARV).

Opening bid $21,378

Room to bid $283,387

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$122,542

Under max by $182,223

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

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Median sold

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p(redeem) prior

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No historical bucket for OR|Tax Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $501,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $501,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$40,080
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical OR range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical OR recording and deed issuance cost.: −$200
Holding costs (3 months)assumed Taxes, insurance, and securing the property at ~$752/month.: −$2,255
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$150,300
Maximum bid: $304,766

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE ASSESSMENT RATIO IS AN OBSERVATION, NOT A LAW, AND IT MOVES EVERY YEAR. Oregon has no statutory ratio. The statewide figure went from 0.526 to 0.536 in one year because assessed values grew faster than market values, and it will move again when the Department of Revenue publishes the next report each summer. An asOf that has gone stale matters more here than in any other state in this file — elsewhere a stale date means a statute might have been amended, here it means the number is simply out of date.
Oregon county assessors publish BOTH a real market value and a Measure 50 assessed value for every parcel, and the ratio here converts the second into the first. If the figure captured for a parcel was already the real market value, dividing it by 0.536 inflates the property by about 1.9x — the single easiest way to get an Oregon number badly wrong, and it fails in the unsafe direction. Beyond that, 0.536 is a statewide aggregate and no individual parcel is the aggregate: a property that has not changed hands or been improved since 1995 sits far below it, while one recently built or partitioned is reassessed toward market and sits near 1.0. Treat a derived Oregon ARV as a starting point and check the assessor's own RMV, which is published.
OR has 3 counties on a different assessment ratio (41001, 41039, 41047). No FIPS was supplied, so the statewide ratio was used — pass `fips` if this parcel is in one of them.

15690 CORNELL DR

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

15690 CORNELL DR

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Mortgage History

Sale History

County records

Deschutes County rules

Historical comps

Verify before you bid