NOT LISTED FOR SALE

1015 38th Ave NE Unit 1025 Salem, OR 97301

Northeast Salem Neighborhood

Estimated Value: $469,740 - $619,000

1 Bed
4 Baths
3,795 Sq Ft
$143/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $620,000 $163 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,251/month

322 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Lap Siding

About This Home

As of August 2023

Great value on this 4 plex located short distance to Willamette Town Center, bus service and I-5! These well maintained units have had low turnover, low vacancy & are professionally managed by NW Pacific Property Management. There are one 3 bedroom, one 2 bedroom, and two 1 bedroom units. Gross monthly rents are $4,253; potential to significantly raise the rents. 4 plex has new exterior paint, many updated windows & great rental history. Long term owner

Last Agent to Sell the Property

Brian Smith

Coldwell Banker Mountain West License #920800079 Listed on: 08/20/2022

Coldwell Banker Mountain West

Last Buyer's Agent

BRANDON BREON

Keller Williams Sunset Corridor License #201238040

Keller Williams Sunset Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,726

Year Built

  • Built in 1950

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,795 Sq Ft Home
  • 2-Story Property
  • Range

Schools

  • Hoover Elementary School
  • Parrish Middle School
  • North Salem High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 4 Units
  • Gross Income $51,036

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 583456

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,726

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1950
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Hoover
  • High School: North Salem
  • Middle Or Junior School: Parrish

Lot Info

  • Zoning: RM
  • Parcel #: 583456

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 3725.56

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.34
  • Annual Gross Income: 51036.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2019
Sold by
Garey Price Holdings Llc
Bought by
Price Garey
Current Estimated Value
$543,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Outstanding Balance
$211,973
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$331,212

Purchase Details

Closed on
Oct 11, 2013
Sold by
Price Garey W
Bought by
Garey Price Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,500
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2010
Sold by
Price Garey
Bought by
Garey Price Holdings Llc

Purchase Details

Closed on
Dec 29, 2004
Sold by
Bakke John D
Bought by
Price Garey W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,200
Interest Rate
5.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Price Garey -- Accommodation
Garey Price Holdings Llc -- First American
Price Garey W -- First American
Garey Price Holdings Llc -- None Available
Price Garey -- None Available
Price Garey W $187,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Garey $242,000
Closed Price Garey W $122,500
Previous Owner Price Garey W $140,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/28/2023 08/28/23 Sold $620,000 0.0% $163 / Sq Ft
08/28/2023 08/28/23 Sold $620,000 -1.6% $204 / Sq Ft View Prior Sale
07/08/2023 07/08/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $629,900 0.0% $166 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
11/16/2022 11/16/22 Price Changed $629,900 0.0% $166 / Sq Ft
11/16/2022 11/16/22 Price Changed $629,900 -0.8% $207 / Sq Ft
10/28/2022 10/28/22 Price Changed $634,700 0.0% $167 / Sq Ft
10/28/2022 10/28/22 Price Changed $634,700 0.0% $209 / Sq Ft
10/05/2022 10/05/22 Price Changed $634,800 0.0% $167 / Sq Ft
10/05/2022 10/05/22 Price Changed $634,800 0.0% $209 / Sq Ft
09/29/2022 09/29/22 Price Changed $634,900 0.0% $167 / Sq Ft
09/29/2022 09/29/22 Price Changed $634,900 0.0% $209 / Sq Ft
08/20/2022 08/20/22 For Sale $635,000 0.0% $167 / Sq Ft
06/30/2022 06/30/22 For Sale $635,000 -- $209 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $4,317 $219,860 -- --
2023 $4,190 $213,460 $0 $0
2022 $3,950 $207,250 $0 $0
2021 $3,837 $201,220 $0 $0
2020 $3,726 $195,360 $0 $0
2019 $3,706 $189,670 $0 $0
2018 $3,658 $0 $0 $0
2017 $3,302 $0 $0 $0
2016 $3,145 $0 $0 $0
2015 $3,169 $0 $0 $0
2014 $3,067 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Smith

    Seller's Agent in 2023

    Brian Smith

    Coldwell Banker Mountain West

    (503) 551-8510

    6 in this area

    154 Total Sales

    Brian Smith
    Section Image

  • B

    Buyer's Agent in 2023

    BRANDON BREON

    Keller Williams Sunset Corridor

    (503) 351-4771

    2 in this area

    7 Total Sales

    BRANDON BREON
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22018170

Regional Multiple Listing Service (RMLS)

APN: 583456

Oregon Marion County Salem 97301 Northeast Salem

1015 38th Ave NE Unit 1025, Salem, OR

This home is located at 1015 38th Ave NE Unit 1025, Salem, OR 97301 since 20 August 2022 and is currently estimated at $543,185, approximately $143 per square foot. This property was built in 1950. 1015 38th Ave NE Unit 1025 is a home located in Marion County with nearby schools including Hoover Elementary School, Parrish Middle School, and North Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes