NOT LISTED FOR SALE

1033 Arthur Way NW Salem, OR 97304

West Salem Neighborhood

Estimated Value: $720,650 - $790,000

8 Beds
6 Baths
3,144 Sq Ft
$241/Sq Ft Est. Value

Last Sold January 13, 2017

Last sale price $345,000 $110 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $4,547/month

Highlights

  • Newly Remodeled
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • Covered Patio or Porch
  • Landscaped
  • High Speed Internet

About This Home

As of January 2017

New construction duplex with desirable W Salem School District. Expected Rents $1500-1600 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 smooth top stove. Fence & AC Included. Pantry, W/D Hookups and 9 ft ceilings.

Last Agent to Sell the Property

Lisa Jacobsen

SUNDANCE REALTY LLC License #200306104 Listed on: 12/15/2016

Last Buyer's Agent

Sitka Chiu

FORUM REAL ESTATE LLC License #200507361

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $128

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

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

Home Design

  • Duplex
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 3,144 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 Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 7

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

$128

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Dual Living: Yes
  • New Construction: Yes
  • Range Facility: Electric, Microwave Included, Range Included
  • Syndicated Remarks: New construction duplex with desirable W Salem School District. Expected Rents $1500-1600 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 smooth top stove. Fence & AC Included. Pantry, W/D Hookups and 9 ft ceilings.
  • 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: 109.73
  • Source Of Sq Ft: Fee
  • Price Per Sq Ft: 111.29

Exterior Features

  • Patio: Covered Patio, Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Composite
  • Siding Style: Lap

Utilities

  • Heating: Electric, Central Ac, Heat Pump, Forced Air
  • High Speed Comm Access: Available, Present
  • Water: Connected, City
  • Water Heater: Electric
  • 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: 7
  • Lot Type: Common Area
  • Price Per Acre: 2058235.29
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 4700

Tax Info

  • Tax Database Id: 4
  • Assessor Parcel Number: 251826
  • Tax Account Number: 251826
  • Tax Amount: 128

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
Dec 15, 2016
Closed on
Jan 13, 2017
Sold by
Melco Excavating Llc
Bought by
Lam Phyllis Sau King
Seller's Agent
Lisa Jacobsen
SUNDANCE REALTY LLC
Buyer's Agent
Sitka Chiu
FORUM REAL ESTATE LLC
List Price
$349,900
Sold Price
$345,000
Premium/Discount to List
-$4,900
-1.4%
Current Estimated Value
$756,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,413
Avg. Annual Appreciation
8.73%

Purchase Details

Closed on
Jun 8, 2016
Sold by
Tran Co
Bought by
Melco Excavating Llc
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
Lam Phyllis Sau King -- Amerititle
Melco Excavating Llc $20,000 Ticor Title Company Of Or
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2017 01/13/17 Sold $345,000 -1.4% $110 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
12/15/2016 12/15/16 For Sale $349,900 -- $111 / Sq Ft
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 $6,432 $351,530 $21,160 $330,370
2024 $6,432 $341,300 $20,540 $320,760
2023 $6,245 $331,360 $19,940 $311,420
2022 $6,045 $321,710 $19,360 $302,350
2021 $5,873 $312,340 $18,800 $293,540
2020 $5,698 $303,250 $18,250 $285,000
2019 $5,499 $294,420 $17,720 $276,700
2018 $5,408 $285,850 $17,200 $268,650
2017 $2,307 $131,380 $7,450 $123,930
2016 $128 $7,240 $7,240 $0
2015 $129 $7,030 $7,030 $0
2014 $123 $6,830 $6,830 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lisa Jacobsen

    SUNDANCE REALTY LLC

    Section Image

  • S

    Buyer's Agent in 2017

    Sitka Chiu

    FORUM REAL ESTATE LLC

    (971) 533-2338

    49 Total Sales

    Sitka Chiu
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 712963

Willamette Valley MLS

APN: 251826

Oregon Polk County Salem 97304 West Salem

1033 Arthur Way NW, Salem, OR

This home is located at 1033 Arthur Way NW, Salem, OR 97304 since 15 December 2016 and is currently estimated at $756,413, approximately $240 per square foot. This property was built in 2016. 1033 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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