$320,500
SOLD JAN 10, 2020

1120 14th St SE Unit 1130 Salem, OR 97302

Southeast Salem Neighborhood
-- Bed
-- Bath
1,692 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$189 Per Sq Ft

1% Below List Price

51 Days on Market

Highlights

  • Secured Garage or Parking
  • Level Lot
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of June 2022

Turnkey property! Rent out both or live in 1 house and rent out the other. Unique property with 2 single level homes on 1 fenced lot. Both units recently remodeled, new w/heaters, re-pipe, recess lights, paint, partial original hardwoods and new laminate wood flooring, interior doors, new kitchen in back unit, quartz countertop in the front. Appliances incl. Inside washer/dryer hookups. Centrally located near downtown & Willamette univ

Last Agent to Sell the Property

ALI RASOULI

MORE Realty License #201221890 Listed on: 10/17/2019

MORE Realty

Last Buyer's Agent

Luis Serrano

MORE Realty License #980400070

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,184

Year Built

  • Built in 1940 | Remodeled

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Open Parking

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,692 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Level Lot
  • Flood Zone Lot

Community Details

  • 2 Units
  • Oak Lodge Subdivision

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 585071

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,184

Year Built

Built in 1940 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1940
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Storage: None
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: FloodZone, Level
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Secured
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity,ENERGYSTARQualifiedEquipment
  • Security: Sidewalk
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: RM
  • Parcel #: 585071

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2018
  • Tax Annual Amount: 2183.79

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2

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
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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 Type Sale Price Title Company
Warranty Deed $320,500 Ticor Title
Warranty Deed -- Amerititle
Warranty Deed $163,000 Ticor Title
Warranty Deed $65,000 Fidelity Natl Title Co Of Or
Warranty Deed $20,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $240,000 New Conventional
Previous Owner $40,000 Stand Alone Second
Previous Owner $70,000 Purchase Money Mortgage
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

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19412848

Regional Multiple Listing Service (RMLS)

APN: 585071