NOT LISTED FOR SALE

1185 Norway St NE Unit 1195 Salem, OR 97301

Grant Neighborhood

Estimated Value: $527,000 - $720,000

9 Beds
5 Baths
4,072 Sq Ft
$151/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $416,000 $102 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,916/month

7 Days on Market

Highlights

  • Deck
  • Carpet
  • Wall Furnace
  • Fenced Yard

About This Home

As of May 2017

Unique property - duplex and single family on 1 tax lot. SFH is accessed off alley way on McCoy St. All units rented. 1187 recently upgraded (photos). Great cash flow! 3 newer (2006) very spacious 3 bedroom units - duplex and single family home on 1 tax lot. Fully rented, nice units w/ great rental history. This is great rental or opportunity to live in the house with privacy and rent out the duplex.

Last Agent to Sell the Property

Mitchel Caputo

WEICHERT, REALTORS-BRIDGEPORT REALTY PARTNERS License #201210440 Listed on: 03/21/2017

Last Buyer's Agent

Mitchel Caputo

WEICHERT, REALTORS-BRIDGEPORT REALTY PARTNERS License #201210440 Listed on: 03/21/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,001

Year Built

  • Built in 2006

Lot Details

  • 9,148 Sq Ft Lot
  • Fenced Yard

Home Design

  • 4,072 Sq Ft Home
  • Triplex

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Wall Furnace
  • Electric Water Heater

Additional Features

  • Dishwasher
  • Washer and Dryer Hookup
  • Deck

Listing and Financial Details

  • Tax Block 5

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $11,275
  • Net Operating Income $27,312

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,001

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Syndicated Remarks: Unique property - duplex and single family on 1 tax lot. SFH is accessed off alley way on McCoy St. All units rented. 1187 recently upgraded (photos). Great cash flow! 3 newer (2006) very spacious 3 bedroom units - duplex and single family home on 1 tax lot. Fully rented, nice units w/ great rental history. This is great rental or opportunity to live in the house with privacy and rent out the duplex.
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 5
  • Total Bedrooms: 9
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 102.16
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 97.99

Exterior Features

  • Patio: Deck
  • Exterior Color: Yellow
  • Fenced Yard: Yes

Utilities

  • Heating: Electric, Wall Furnace
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Lot Info

  • Acres: 0.21
  • Price Per Acre: 1900000
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 11275

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R68830
  • Tax Account Number: R68830

Multi Family

  • Additional Land Available: 38587
  • Net Income: 27312
  • Gross Sched Income: 39780
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2017
Sold by
Elerath Michael D and Elerath Andrea D
Bought by
Salem 3 Llc
Current Estimated Value
$612,879

Purchase Details

Listed on
Mar 21, 2017
Closed on
May 2, 2017
Sold by
Fugate Steve P and Fugate Julie F
Bought by
Elerath Michael D and Elerath Andrea D
Seller's Agent
Mitchel Caputo
WEICHERT, REALTORS-BRIDGEPORT REALTY PARTNERS
Buyer's Agent
Mitchel Caputo
WEICHERT, REALTORS-BRIDGEPORT REALTY PARTNERS
List Price
$399,000
Sold Price
$416,000
Premium/Discount to List
$17,000
4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$311,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2006
Sold by
Ovchinnikov Pavel and Chernishoff Vasily
Bought by
Fugate Steve P and Fugate Julie F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2004
Sold by
Mckinney Scott
Bought by
Ovchinnikov Pavel and Chernishoff Vasily
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
Salem 3 Llc -- None Available
Elerath Michael D $416,000 Fidelity Natl Title Co Of Or
Fugate Steve P $360,000 Fidelity Natl Title Co Of Or
Ovchinnikov Pavel $40,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elerath Michael D $298,400
Previous Owner Elerath Michael D $311,250
Previous Owner Fugate Steven P $259,466
Previous Owner Fugate Steve P $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $416,000 +4.3% $102 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
03/21/2017 03/21/17 For Sale $399,000 -- $98 / 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
2024 $7,001 $356,550 -- --
2023 $6,794 $346,170 $0 $0
2022 $6,406 $336,090 $0 $0
2021 $6,223 $326,310 $0 $0
2020 $6,228 $316,810 $0 $0
2019 $5,829 $307,590 $0 $0
2018 $5,933 $0 $0 $0
2017 $5,354 $0 $0 $0
2016 $5,100 $0 $0 $0
2015 $5,139 $0 $0 $0
2014 $4,973 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mitchel Caputo

    WEICHERT, REALTORS-BRIDGEPORT REALTY PARTNERS

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Map

Source: Willamette Valley MLS

MLS Number: 715924

Willamette Valley MLS

APN: 568830

Oregon Marion County Salem 97301 Grant

1185 Norway St NE Unit 1195, Salem, OR

This home is located at 1185 Norway St NE Unit 1195, Salem, OR 97301 since 21 March 2017 and is currently estimated at $612,879, approximately $150 per square foot. This property was built in 2006. 1185 Norway St NE Unit 1195 is a home located in Marion County with nearby schools including Grant Community School, Parrish Middle School, and North 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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