NOT LISTED FOR SALE

1000 Capitol St NE Salem, OR 97301

Grant Neighborhood
12 Beds
12 Baths
7,191 Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: February 3, 2022

Last sale price $2,400,000 $334 Per Sq Ft

116 Days on Market

Highlights

  • 0.38 Acre Lot
  • High Speed Internet
  • Carpet
  • Washer and Dryer
  • Lap Siding
  • Heating Available

About This Home

As of February 2022

Beautiful 12 plex recently updated!!! This complex has been recently updated in the heart of downtown Salem. Low vacancy rates. All units are 1 bedroom/1bathroom with laundry in each unit. Additional garage rental and three parking space rentals that offer additional income opportunities. This property is a must visit for investors. Visual inspections upon acceptable offer.

Last Agent to Sell the Property

Jim Sparkman

HOMESMART REALTY GROUP License #200505018 Listed on: 06/17/2021

HOMESMART REALTY GROUP

Last Buyer's Agent

Gabe Johansen

SMI REAL ESTATE License #201202003

SMI REAL ESTATE
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,618

Year Built

  • Built in 1930

Lot Details

  • 0.38

Home Design

  • 7,191 Sq Ft Home
  • Lap Siding

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Utilities

  • Heating Available
  • High Speed Internet

Additional Features

  • Washer and Dryer
  • 16,553 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 1+2 / 2

Community Details

Overview

  • 12 Units

Building Details

  • Trash Expense $1,800
  • Water Sewer Expense $4,400
  • Operating Expense $28,431

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,618

Year Built

Built in 1930

Lot Details

0.38 Acres

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Range Facility: Electric
  • Syndicated Remarks: Beautiful 12 plex recently updated!!! This complex has been recently updated in the heart of downtown Salem. Low vacancy rates. All units are 1 bedroom/1bathroom with laundry in each unit. Additional garage rental and three parking space rentals that offer additional income opportunities. This property is a must visit for investors. Visual inspections upon acceptable offer.
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Laundry: W/D Included
  • Source Of Sq Ft: County

Exterior Features

  • Exterior Color: Grey
  • Siding: Composite
  • Siding Style: Lap

Utilities

  • Heating: Electric
  • High Speed Comm Access: Present
  • Water: Connected, City
  • Garbage: 1800
  • Sewer: City
  • Water/Sewer: 4400

Condo/Co-op/Association

  • Mgmt Acct: 10600

Lot Info

  • Acres: 0.38
  • Estimated Lot Sq Ft: 16553
  • Lot: 1+2
  • Zoning: RM2
  • Property Use Type: Investment

Rental Info

  • Total Expenses: 28431

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R85622
  • Tax Amount: 8618

Multi Family

  • Gross Sched Income: 143000
  • Unit Types: Flat
  • Number Of Units: 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Jan 18, 2022
Sold by
Bought by
Seller's Agent
Jim Sparkman
HOMESMART REALTY GROUP
Buyer's Agent
Gabe Johansen
SMI REAL ESTATE
List Price
$2,200,000
Sold Price
$2,400,000
Premium/Discount to List
$200,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,565,000
Outstanding Balance
$939,663
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 1991
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,400,000 Amerititle
$165,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,565,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/03/2022 02/03/22 Sold $2,400,000 +9.1% $334 / Sq Ft
01/03/2022 01/03/22 For Sale $2,200,000 -8.3% $306 / Sq Ft
01/01/2022 01/01/22 Off Market $2,400,000 -- --
10/11/2021 10/11/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $2,200,000 -- $306 / Sq Ft
Source: Willamette Valley MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,687 $508,190
2024 $9,687 $493,390
2023 $9,402 $479,020 $0 $0
2022 $8,864 $465,070 $0 $0
2021 $8,611 $451,530 $0 $0
2020 $8,360 $438,380 $0 $0
2019 $8,066 $425,620 $0 $0
2018 $8,209 $0 $0 $0
2017 $7,409 $0 $0 $0
2016 $7,057 $0 $0 $0
2015 $7,110 $0 $0 $0
2014 $6,881 $0 $0 $0
Source: Public Records

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Map

Source: Willamette Valley MLS

MLS Number: 779309

Willamette Valley MLS

APN: 073W23CA06500

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