NOT LISTED FOR SALE

1120 14th St SE Unit 1130 Salem, OR 97302

Southeast Salem Neighborhood

Estimated Value: $415,728 - $477,000

5 Beds
2 Baths
1,932 Sq Ft
$227/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $435,000 $225 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,574/month

Highlights

  • RV Access or Parking
  • Level Lot
  • 1-Story Property

About This Home

As of June 2022

Two homes, Live in one rent the other, great for second income!! Main home 3 bed 1 bath has partial original hardwoods and newer laminate wood flooring in great condition rents for 1,300, 2nd Home 2 bed 1 bath with a bonus rents for 1,200 both month to month, Remodel about 2 years ago with new water heaters, re-pipe, recess lights, interior doors, new kitchen in back unit, quartz countertops in the front. Appliances included inside washer/dryer hookups, private back yard

Last Agent to Sell the Property

Luis Serrano

MORE Realty License #980400070 Listed on: 03/04/2022

MORE Realty

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,978

Year Built

  • Built in 1940

Lot Details

  • 5,227

Parking

  • RV Access or Parking

Home Design

  • Cement Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Range
  • Washer and Dryer Hookup

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Level Lot
  • Flood Zone Lot

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,978

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1932
  • Stories: 1
  • Year Built: 1940
  • Remarks Public: Two homes, Live in one rent the other, great for second income!! Main home 3 bed 1 bath has partial original hardwoods and newer laminate wood flooring in great condition rents for 1,300, 2nd Home 2 bed 1 bath with a bonus rents for 1,200 both month to month, Remodel about 2 years ago with new water heaters, re-pipe, recess lights, interior doors, new kitchen in back unit, quartz countertops in the front. Appliances included inside washer/dryer hookups, private back yard,
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: OAK LODGE, BLOCK 2, LOT FR 11, ACRES 0.117
  • Basement: Crawl Space, None

Exterior Features

  • Exterior Description: Cement Siding
  • Lot Size: 5K-6,999SF
  • Roof Type: Composition
  • Road Surface: Paved

Garage/Parking

  • Parking Description: RV Access/Parking

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer Hookup

Schools

  • Elementary School: Bush
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Lot Description: Level, Flood Zone
  • Zoning: RM

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 2223.74
  • Assessor Parcel Number: R85071
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 14.48

MLS Schools

  • Elementary School: Bush
  • High School: South Salem
  • Middle School: Leslie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2019
Closed on
Jan 3, 2020
Sold by
Lankford Woo Teresa Lee and Lankford Teresa Lee
Bought by
Ensaldo Ignacio Ramirez
Seller's Agent
ALI RASOULI
MORE Realty
Buyer's Agent
Luis Serrano
MORE Realty
List Price
$325,000
Sold Price
$320,500
Premium/Discount to List
-$4,500
-1.38%
Current Estimated Value
$438,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,182
Avg. Annual Appreciation
4.77%
Original Mortgage
$240,000
Outstanding Balance
$214,304
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$204,394

Purchase Details

Closed on
Sep 26, 2018
Sold by
Fiesel Jeremy
Bought by
Lankford Teresa Lee

Purchase Details

Closed on
Aug 30, 2010
Sold by
Willamette Meadow Investment Group Llc
Bought by
Fiesel Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.51%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 25, 2008
Sold by
Earhart James and Earhart Tina
Bought by
Willamette Meadow Investments Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2001
Sold by
Rogers Diane E
Bought by
Earhart James and Earhart Tina
Source: Public Records

Range of Values:

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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
Ensaldo Ignacio Ramirez $320,500 Ticor Title
Lankford Teresa Lee -- Amerititle
Fiesel Jeremy $163,000 Ticor Title
Willamette Meadow Investments Group Llc $65,000 Fidelity Natl Title Co Of Or
Earhart James $20,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ensaldo Ignacio Ramirez $240,000
Previous Owner Fiesel Jeremy $40,000
Previous Owner Willamette Meadow Investments Group Llc $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $435,000 +0.1% $225 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $434,500 0.0% $225 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $434,500 +35.6% $225 / Sq Ft
01/10/2020 01/10/20 Sold $320,500 -1.4% $189 / Sq Ft
12/07/2019 12/07/19 Pending -- -- --
11/20/2019 11/20/19 Price Changed $325,000 0.0% $192 / Sq Ft
11/20/2019 11/20/19 For Sale $325,000 +3.2% $192 / Sq Ft
10/19/2019 10/19/19 Pending -- -- --
10/17/2019 10/17/19 For Sale $315,000 -- $186 / 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 $2,978 $151,670 -- --
2023 $2,890 $147,260 $0 $0
2022 $2,725 $142,980 $0 $0
2021 $2,647 $138,820 $0 $0
2020 $2,293 $116,610 $0 $0
2019 $2,146 $113,220 $0 $0
2018 $2,184 $0 $0 $0
2017 $1,971 $0 $0 $0
2016 $1,877 $0 $0 $0
2015 $1,892 $0 $0 $0
2014 $1,831 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Luis Serrano

    Seller's Agent in 2022

    Luis Serrano

    MORE Realty

    (503) 449-8191

    2 in this area

    65 Total Sales

    Luis Serrano
    Section Image
  • ALI RASOULI

    Seller's Agent in 2020

    ALI RASOULI

    MORE Realty

    (503) 987-0082

    36 Total Sales

    ALI RASOULI
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22084606

Regional Multiple Listing Service (RMLS)

APN: 585071

Oregon Marion County Salem 97302 Southeast Salem

1120 14th St SE Unit 1130, Salem, OR

This home is located at 1120 14th St SE Unit 1130, Salem, OR 97302 since 04 March 2022 and is currently estimated at $438,682, approximately $227 per square foot. This property was built in 1940. 1120 14th St SE Unit 1130 is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South Salem High School.

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