15647 SHERRIE WAY

LA PINE, OR 97739, Oregon, 97739

Tax DeedpendingSells Oct 15, 2026 · in 5 days

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Beds: 2
Baths: 1
SqFt: 600
Lot Size: 36,082
Year Built: 1964
APN: 221004 B0 00132

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Absentee (In State)
Length of Ownership: 15 Years 10 Months
Purchase Method: Cash Purchase
County: Deschutes

Value

Estimated Value: $88,000
County Market Value: $164,190; 2025
Assessed Value: $57,370; 2025

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $50,000
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $78,000; 11/04/2010
Document Type: Warranty Deed

Opportunity

Opening Bid: $4,930
Bid / Value: 6%; of $88,000
Property Tax 2025: $992; annual bill · not the amount owed
Equity (est.): $44,780; 50%
Monthly Rent: $1,492; HUD fair market rent (2 bd)
Gross Yield: 20.35%
Linked Properties: 2

Opening bid

$4,930

Assessed value

$57,370

Market / AVM

$88,000

Property tax 2025

$992

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: SMITH,DARRELL W & MARGARET A
Owner 2 Name: Jessie Shader
Mailing Address: 25601 Cemetery Rd, Monroe, OR 97456
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 2
Total Bathrooms: 1

Deal analysis

Recorded	Document	Notice	Auction Date	Lender	Trustee	Trustee Phone	Active
04/30/2024	Notice of Default	NOD	09/06/2024	OREGON COMMUNITY CU	PATRICK L STEVENS	541-686-9160	No

Date	Status	Price	Days on Market	Agent	Office
08/25/2026	Withdrawn	$89,000	337	Igor Masic	Mapa Realty NW LLC
06/28/2026	Active	$89,000	336	Igor Masic	Mapa Realty NW LLC
06/12/2026	Pending	$89,000	263	Igor Masic	Mapa Realty NW LLC
05/30/2026	Active	$89,000	250	Igor Masic	Mapa Realty NW LLC
05/30/2026	Withdrawn	$89,000	250	Igor Masic	Mapa Realty NW LLC
11/17/2025	Active	$89,000	250	Igor Masic	Mapa Realty NW LLC

Recorded	Position	Amount	Type	Lender	Rate Type	Doc #
11/22/2019	First	$50,000	Credit Line (Revolving) / Heloc	Oregon Community Cu	Variable	2019-45726

Recorded	Position	Amount	Type	Lender	Rate Type	Doc #	Open
11/22/2019	First	$50,000	Credit Line (Revolving) / Heloc	Oregon Community Cu	Variable	2019-45726	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
11/04/2010	11/09/2010	$78,000	Warranty Deed	2010-44839	Yes	Cash Purchase	Elizabeth L Shader	Ronald G Ingemunson

Your maximum bid

$50,564

Walk away above this. Projected profit at the ceiling: $26,400 (30% of ARV).

Opening bid $4,930

Room to bid $45,634

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

History-guided suggestion

$21,161

Under max by $29,403

≤ oracle maxBid

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

History sample

—

Median sold

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p(redeem) prior

—

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 $88,000. 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: $88,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$7,040
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 ~$132/month.: −$396
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): −$26,400
Maximum bid: $50,564

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.

15647 SHERRIE WAY

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

15647 SHERRIE WAY

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Foreclosure Filings

Listing

MLS History

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Deschutes County rules

Historical comps

Verify before you bid