NOT LISTED FOR SALE

Estimated Value: $632,579 - $673,000

6 Beds
5 Baths
2,656 Sq Ft
$245/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $540,000 $203 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,033/month

3 Days on Market

Highlights

  • Corner Lot
  • Board and Batten Siding
  • Garage
  • Landscaped with Trees
  • Central Air
  • Heat Pump System

About This Home

As of August 2021

Attention Investors! Great investment opportunity High end duplex in South Salem! Each side features 3 bedrooms, 2.5 baths, and 1 car attached garage. Quartz countertops, custom cabinets, LVP flooring & carpeting. Fenced yard & patios. All appliances included. A/C.

Last Agent to Sell the Property

Benjamin Droukas

Windermere Realty Trust License #200401007 Listed on: 06/29/2021

Windermere Realty Trust

Last Buyer's Agent

Janell Kolenc

Results Realty License #200212067

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,019

Year Built

  • Built in 2017

Lot Details

  • Corner Lot
  • Landscaped with Trees

Parking

  • Garage

Home Design

  • Composition Roof
  • Board and Batten Siding
  • Lap Siding
  • Cement Siding

Interior Spaces

  • 2,656 Sq Ft Home
  • Crawl Space

Schools

  • Liberty Elementary School
  • Crossler Middle School
  • Sprague High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number 354857

Community Details

Overview

  • 2 Units
  • Fifty Oaks Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $11,517
  • Gross Income $41,880
  • Net Operating Income $41,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,019

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 2017
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: BoardBattenSiding,CementSiding,LapSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: CornerLot, Trees
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Liberty
  • High School: Sprague
  • Middle Or Junior School: Crossler

Lot Info

  • Zoning: RM1
  • Parcel #: 354857

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 6018.57

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.89
  • Annual Gross Income: 41880.0
  • Property Net Operating Income: 41880.0
  • Annual Operating Expense: 11517.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 11, 2021
Sold by
Hopman Holdings Llc
Bought by
Peterson Michel E and Peterson Lindsay A
Seller's Agent
Benjamin Droukas
Windermere Realty Trust
Buyer's Agent
Janell Kolenc
Results Realty
List Price
$540,000
Sold Price
$540,000
Total Days on Market
3
Current Estimated Value
$650,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,395
Avg. Annual Appreciation
5.57%
Original Mortgage
$367,500
Outstanding Balance
$337,756
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$326,829

Purchase Details

Closed on
May 31, 2019
Sold by
Hopman Molly
Bought by
Hopman Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
7.33%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 12, 2017
Closed on
Feb 12, 2018
Sold by
29 Oaks Llc
Bought by
Hopman Hopman Molly Molly and Molly Hopman
Seller's Agent
Kelly Martin
REALTY ONE GROUP WILLAMETTE VALLEY
List Price
$495,000
Sold Price
$495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%
Source: Public Records

Similar Homes in Salem, OR

  • 1012 (-1014) Big Fir Place S, Salem, OR 97306

    $700,000

    • 6 Beds
    • 5 Baths
    • 5,840 Sq Ft
    • 1012 (-1014) Big Fir Place S
    • Salem, OR

    Accepted Offer with Contingencies. Beautiful duplex built in 2019. Both sides currently rented. Easy income. Appreciating asset. Low maintenance, newer build. Solid surface counter tops. High end finishes, appliances. W/D included. HOA includes front landscaping and parking lot maintenance. Close to schools and shopping. A must see property. .

    Patrick Jackson BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    Section Image
  • 923 Fir St S, Salem, OR 97302

    $810,000

    • 7 Beds
    • 6 Baths
    • 3,752 Sq Ft
    • 923 Fir St S
    • Salem, OR

    Great investment opportunity to acquire a six-unit multi-family property conveniently located near downtown, with easy access to parks and public transportation. The property consists of five 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with some featuring hardwood floors. Additionally, there is an on-site laundry room available for tenants. Please refrain from disturbing the tenants.

    Matt Killen Crown Real Estate Group

    Section Image
  • 923-945 Fir St S, Salem, OR 97302

    $810,000

    • 7 Beds
    • 6 Baths
    • 3,752 Sq Ft
    • 923-945 Fir St S
    • Salem, OR

    Great investment opportunity to acquire a six-unit multi-family property conveniently located near downtown, with easy access to parks and public transportation. The property consists of five 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with some featuring hardwood floors. Additionally, there is an on-site laundry room available for tenants. Please refrain from disturbing the tenants.

    Matt Killen CROWN REAL ESTATE GROUP

    Section Image
  • 1487 Waller St SE Unit 1495, Salem, OR 97302

    $599,000

    • 8 Beds
    • 4 Baths
    • 3,332 Sq Ft
    • 1487 Waller St SE
    • Unit 1495
    • Salem, OR

    4-Plex with 2 bedroom 1 bath units with a total of 4 off street parking spaces. On site utility room with coin operated washer/dryer. Do not disturb tenants.

    JOHN ZOBRIST EXP REALTY, LLC

    Section Image
  • 2565 Lee (- 2567) St SE, Salem, OR 97301

    $599,000

    • 6 Beds
    • 4 Baths
    • 2,400 Sq Ft
    • 2565 Lee (- 2567) St SE
    • Salem, OR

    Delightful one level duplex in Southeast Salem, perfect for first-time homebuyers or savvy investors. Each unit features 3 bedrooms and 2 bathrooms, offering a modernized kitchen with stainless steel appliances. The primary bedroom includes a spacious walk-in closet and a sliding glass door leading to the back patio. Freshly painted throughout, this property provides an excellent opportunity for

    Shawntel Brown COLDWELL BANKER BAIN

    Section Image
  • 1117 6th (-1119) St NW, Salem, OR 97304

    $679,900

    • 6 Beds
    • 4 Baths
    • 2,989 Sq Ft
    • 1117 6th (-1119) St NW
    • Salem, OR

    Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can be office) and two full baths plus laundry room with W/D hook ups. Back unit has 2 bedrooms and 2 full bathrooms plus laundry room with W/D hook ups. Ductless Heat/AC units in each room, Cadet heaters in each bathroom. Newer from the top down! Covered and secure breezeway between units. Great investment

    Chris Forrette COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    Section Image
  • 1117 6th St NW, Salem, OR 97304

    $679,900

    • 6 Beds
    • 4 Baths
    • 1117 6th St NW
    • Salem, OR

    Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can be office) and two full baths plus laundry room with W/D hook ups. Back unit has 2 bedrooms and 2 full bathrooms plus laundry room with W/D hook ups. Ductless Heat/AC units in each room, Cadet heaters in each bathroom. Newer from the top down! Covered and secure breezeway between units.Great investment with

    Chris Forrette Coldwell Banker Mountain West

    Section Image
  • 1030 Arthur Way NW, Salem, OR 97304

    $750,000

    • 6 Beds
    • 4 Baths
    • 2,966 Sq Ft
    • 1030 Arthur Way NW
    • Salem, OR

    Fantastic investment opportunity awaits with this beautifully built duplex! Eachwith 3 bedrooms, 2 full bathrooms, an attached garage, and private fenced backyard. One side is currently rented, offering immediate income potential, while the other side is vacant. Thoughtful open-concept layouts. This property perfect for investors and homeowners alike. Please do not disturb tenants.

    NEREYDA AGUIRRE EXP REALTY, LLC

    Section Image
  • 952 Gaines St NE Unit 958, Salem, OR 97301

    $574,900

    • 4 Beds
    • 4 Baths
    • 2,200 Sq Ft
    • 952 Gaines St NE
    • Unit 958
    • Salem, OR

    Accepted Offer with Contingencies. Great income property! Conveniently located 4-plex with long term tenants. featuring updated units exterior paint, new lifetime metal roof. Property has off street parking. Basement set up for coin-op laundry on its own meter. Buyer to due their own due diligence on other possible uses. 3 units on 1 year leases 1 unit on month to month.

    Joel Gander GANDER PROPERTY GROUP

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Peterson Michel E $540,000 Lawyers Title Of Oregon Llc
Hopman Holdings Llc -- Lawyers Title Of Oregon Llc
Hopman Hopman Molly Molly $495,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Michel E $367,500
Previous Owner Hopman Holdings Llc $396,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $540,000 0.0% $203 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $540,000 +9.1% $203 / Sq Ft
02/14/2018 02/14/18 Sold $495,000 0.0% $183 / Sq Ft
01/15/2018 01/15/18 Pending -- -- --
09/12/2017 09/12/17 For Sale $495,000 -- $183 / 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 $6,974 $355,190 -- --
2023 $6,768 $344,850 $0 $0
2022 $6,382 $334,810 $0 $0
2021 $6,199 $325,060 $0 $0
2020 $6,205 $315,600 $0 $0
2019 $5,987 $306,410 $0 $0
2018 $2,959 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21422049

Regional Multiple Listing Service (RMLS)

APN: 354857