NOT LISTED FOR SALE

1015 Arthur Way NW Salem, OR 97304

West Salem Neighborhood

Estimated Value: $513,000 - $749,000

8 Beds
6 Baths
2,420 Sq Ft
$280/Sq Ft Est. Value

Last Sold July 26, 2016

Last sale price $300,000 $124 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $4,094/month

Highlights

  • Newly Remodeled
  • Landscaped
  • High Speed Internet
  • Covered Deck
  • Forced Air Heating System
  • Dining Area

About This Home

As of July 2016

New construction duplex with desirable W Salem School District complete in June Expected Rents $1400-1500 each side for a total of gross income $38,400. Each side has 4 bedrooms and 2.5 bathrooms with garage attached. Desirable low maintenance quartz counters and stainless appliances.

Last Agent to Sell the Property

Lisa Jacobsen

SUNDANCE REALTY LLC License #200306104 Listed on: 04/15/2016

Last Buyer's Agent

Lisa Jacobsen

SUNDANCE REALTY LLC License #200306104 Listed on: 04/15/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,025

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 7,489 Sq Ft Lot
  • Lot Dimensions are 74 x 100
  • Landscaped

Home Design

  • Duplex
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,420 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Covered Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 12

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $700
  • Operating Expense $4,700
  • Net Operating Income $31,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,025

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Dual Living: Yes
  • Home Warranty: Yes
  • New Construction: Yes
  • Range Facility: Electric, Microwave Included, Range Included
  • Syndicated Remarks: New construction duplex with desirable W Salem School District complete in June Expected Rents $1400-1500 each side for a total of gross income $38,400. Each side has 4 bedrooms and 2.5 bathrooms with garage attached. Desirable low maintenance quartz counters and stainless appliances.
  • Cross Street: 8th & Rosemont
  • Year Built: 2016
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Negotiable Inclusions: Stove, DW & Micro
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 123.97
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 136.32

Exterior Features

  • Patio: Covered Deck
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Composite
  • Siding Style: Lap

Utilities

  • Heating: Gas, Forced Air
  • High Speed Comm Access: Available, Present
  • Water: Connected, City
  • Water Heater: Gas
  • Insurance: 700
  • Sewer: City

Schools

  • High School: West Salem

Lot Info

  • Acres: 0.17
  • Estimated Lot Dimensions: 74 x 100
  • Estimated Lot Sq Ft: 7489
  • Lot: 12
  • Lot Type: Common Area
  • Price Per Acre: 1940588.24
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 4700

Tax Info

  • Tax Database Id: 4
  • Assessor Parcel Number: 562361
  • Tax Account Number: 562361
  • Tax Amount: 98

Multi Family

  • Additional Land Available: 36480
  • Net Income: 31780
  • Gross Sched Income: 38400
  • Unit Types: Town Home
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2016
Closed on
Jul 25, 2016
Sold by
Melco Excavating Llc
Bought by
Ramirez Roberto Palma and Soto Angie
Seller's Agent
Lisa Jacobsen
SUNDANCE REALTY LLC
Buyer's Agent
Lisa Jacobsen
SUNDANCE REALTY LLC
List Price
$329,900
Sold Price
$300,000
Premium/Discount to List
-$29,900
-9.06%
Current Estimated Value
$677,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,555
Avg. Annual Appreciation
9.11%
Original Mortgage
$237,840
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 18, 2015
Sold by
Tran Huyen Lam and Tran Thu Thuy Thi
Bought by
Melco Excavating Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Ramirez Roberto Palma $275,000 Ticor Title
Melco Excavating Llc $35,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Roberto Palma $237,840
Previous Owner Melco Excavating Llc $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2016 07/26/16 Sold $300,000 -9.1% $124 / Sq Ft
04/15/2016 04/15/16 For Sale $329,900 -- $136 / Sq Ft
01/14/2016 01/14/16 Pending -- -- --
Source: Willamette Valley MLS

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
2025 $6,025 $329,290 $21,450 $307,840
2024 $6,025 $319,700 $20,820 $298,880
2023 $5,850 $310,390 $20,210 $290,180
2022 $5,663 $301,350 $19,620 $281,730
2021 $5,501 $292,580 $19,050 $273,530
2020 $5,338 $284,060 $18,490 $265,570
2019 $5,151 $275,790 $17,950 $257,840
2018 $5,066 $267,760 $17,430 $250,330
2017 $4,565 $259,970 $16,920 $243,050
2016 $106 $6,020 $6,020 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lisa Jacobsen

    SUNDANCE REALTY LLC

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Map

Source: Willamette Valley MLS

MLS Number: 702949

Willamette Valley MLS

APN: 562361

Oregon Polk County Salem 97304 West Salem

1015 Arthur Way NW, Salem, OR

This home is located at 1015 Arthur Way NW, Salem, OR 97304 since 15 April 2016 and is currently estimated at $677,555, approximately $279 per square foot. This property was built in 2016. 1015 Arthur Way NW is a home located in Polk County with nearby schools including Myers Elementary School, Walker Middle School, and West 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.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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