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About the Listing 5TOR01 - JSCHUSTE
Move-In Ready or Investor-Ready: Flexible 4-BR Opportunity! Askabout 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.
Listing Highlights for 622 S 16th St
Status
Pending
Days on Site
239
Property Type
Residential
MLS ®
604740982
Year Built
2020
Total Square Footage
2,074
Lot/Acreage
0.12
County
Benton
Area
220 - Benton County
Elementary School
Philomath
Middle School
Philomath
High School
Philomath
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full / 1 Half
- Appliances: Dishwasher, Disposal
- Air Cond: MiniSplit
- Heating: Ductless,Mini Split,Zoned
- Fireplaces: 1, Electric
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Composition
- Others: Fenced,Resale
- Sewer: Public Sewer
- Parking Features: Attached,Driveway,Off Street
Financial Details
- Tax Amount: $4,535
- Taxes w/Assessments: N/A
- Tax/Property ID: 422640
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
622 S 16th St Philomath, OR 97370
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