NOT LISTED FOR SALE

1085 Raffon Ct SE Unit 1087 Salem, OR 97317

Estimated Value: $443,123 - $536,000

5 Beds
4 Baths
2,127 Sq Ft
$228/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $414,650 $195 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,869/month

5 Days on Market

Highlights

  • Cul-De-Sac
  • Attached Garage
  • 1-Story Property

About This Home

As of August 2018

Great investment opportunity! Nice duplex, completely rebuilt from the foundation up in 2014. A/C in both units. Landlord pays water/sewer. Subject to existing to leases.

Last Agent to Sell the Property

Trudi Schmidt

Oregon Premier Realty License #200707065 Listed on: 07/19/2018

Last Buyer's Agent

Arlo Jean Stoll

Savi Realty, Inc. License #201218979

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2014

Lot Details

  • 7,841

Parking

  • Attached Garage

Kitchen

  • Range
  • Dishwasher
  • Disposal

Additional Features

  • 1-Story Property
  • Cul-De-Sac
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2127
  • Stories: 1
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: MACLEAY ESTATES NO 1, BLOCK 1, LOT 5, ACRES 0.18

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt

Garage/Parking

  • Parking Description: Attached

Utilities

  • Fuel Description: Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Refrigerator

Lot Info

  • Lot Description: Cul-de-sac
  • Zoning: RM

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 2689.81
  • Assessor Parcel Number: R53729
  • Tax Year: 2017

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2018
Closed on
Aug 24, 2018
Sold by
Griffith Thomas G
Bought by
Colgan Russell A and Colgan Taarma L
Seller's Agent
Trudi Schmidt
Oregon Premier Realty
Buyer's Agent
Arlo Jean Stoll
Savi Realty, Inc.
List Price
$424,900
Sold Price
$414,650
Premium/Discount to List
-$10,250
-2.41%
Current Estimated Value
$485,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,131
Avg. Annual Appreciation
2.20%
Original Mortgage
$93,866
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2016
Sold by
Griffith Thomas G
Bought by
Griffith Thomas G and Thomas G Griffith Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,588
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2008
Sold by
Griffith Thomas G
Bought by
Griffith Thomas G and Griffith Leslie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
6.11%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 22, 2008
Sold by
Griffith Thomas G and Griffith Leslie S
Bought by
Griffith Thomas G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
6.11%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 25, 2003
Sold by
Freres Thomas Joan Morgan and Freres Moran Julie Kay
Bought by
Griffith Thomas G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Colgan Russell A -- First American Title
Griffith Thomas G -- Ticor Title
Griffith Thomas G -- Ticor Title
Griffith Thomas G -- None Available
Griffith Thomas G -- Fidelity National Title Co
Griffith Thomas G $163,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Colgan Russell A $93,866
Previous Owner Griffith Thomas G $147,588
Previous Owner Griffith Thomas G $161,000
Previous Owner Griffith Thomas G $130,400
Closed Griffith Thomas G $32,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $414,650 -2.4% $195 / Sq Ft
07/24/2018 07/24/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $424,900 -- $200 / 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
2025 $3,786 $231,470 -- --
2024 $3,786 $224,730 -- --
2023 $3,588 $218,190 $0 $0
2022 $3,385 $211,840 $0 $0
2021 $3,457 $205,670 $0 $0
2020 $3,150 $199,680 $0 $0
2019 $3,175 $193,870 $0 $0
2018 $3,246 $0 $0 $0
2017 $2,690 $0 $0 $0
2016 $2,581 $0 $0 $0
2015 $2,555 $0 $0 $0
2014 $2,401 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Trudi Schmidt

    Seller's Agent in 2018

    Trudi Schmidt

    Oregon Premier Realty

    (503) 884-5050

    1 in this area

    19 Total Sales

    Trudi Schmidt
    Section Image

  • A

    Buyer's Agent in 2018

    Arlo Jean Stoll

    Savi Realty, Inc.

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 18524336

Regional Multiple Listing Service (RMLS)

APN: 553729

Oregon Marion County Salem 97317

1085 Raffon Ct SE Unit 1087, Salem, OR

Not Listed for Sale

MultiFamily

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