NOT LISTED FOR SALE

1194 Raffon Ct SE Unit 1198 Salem, OR 97317

Estimated Value: $492,812 - $667,000

5 Beds
5 Baths
2,607 Sq Ft
$226/Sq Ft Est. Value

Last Sold May 09, 2013

Last sale price $240,000 $92 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $3,647/month

191 Days on Market

Highlights

  • Living Room with Fireplace
  • Forced Air Heating System
  • Dining Area
  • Fenced Yard
  • High Speed Internet
  • Lap Siding

About This Home

As of May 2013

This home is located at 1194 Raffon Ct SE Unit 1198, Salem, OR 97317 since 30 October 2012 and is currently estimated at $589,703, approximately $226 per square foot. This property was built in 1977. 1194 Raffon Ct SE Unit 1198 is a home located in Marion County with nearby schools including Miller Elementary School, Houck Middle School, and North Salem High School.

Last Agent to Sell the Property

Roger Elliott

RE/MAX INTEGRITY - SALEM License #960100185 Listed on: 10/30/2012

RE/MAX INTEGRITY - SALEM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,413

Year Built

  • Built in 1977

Lot Details

  • 0.29 Acre Lot
  • Fenced Yard
  • Irregular Lot

Home Design

  • Triplex
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,607 Sq Ft Home
  • Living Room with Fireplace
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • Insurance Expense $786
  • Water Sewer Expense $1,128
  • Operating Expense $4,337
  • Net Operating Income $18,359

Listing and Financial Details

  • Exclusions: Tenants personal property.
  • Legal Lot and Block 11 / 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,413

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Very nice investment property, excellent rental history. Replaced driveway, entrance, and sidewalk, newer roof, newer exterior paint, newer gutters and leaf guards, sealed and insulated chimney flues. This property would be a great addition to your investment portfolio. Tenants pay garbage.
  • Cross Street: Rickey Rd.
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Exclusions: Tenants personal property.
  • Fireplace: Living Room
  • Negotiable Inclusions: Ranges & Refridgerators
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 92.06
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 93.98

Exterior Features

  • Fenced Yard: Yes
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Composite
  • Siding Style: Lap

Utilities

  • Heating: Gas, Forced Air
  • High Speed Comm Access: Available
  • Water: Connected, City
  • Water Heater: Gas
  • Insurance: 786
  • Sewer: City
  • Water/Sewer: 1128

Schools

  • Elementary School: Mary Eyre
  • Middle School: Houck
  • High School: North Salem

Lot Info

  • Acres: 0.29
  • Estimated Lot Sq Ft: 12632
  • Lot: 11
  • Lot Type: Irregular
  • Price Per Acre: 844827.59
  • Zoning: RM
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 4337

Multi Family

  • Additional Land Available: 23164
  • Net Income: 18359
  • Gross Sched Income: 23880
  • Unit Types: Flat

Tax Info

  • Tax Account Number: R53735
  • Tax Amount: 2413

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2012
Closed on
May 8, 2013
Sold by
Zindoo Llc
Bought by
Butler Donald S
Seller's Agent
Roger Elliott
RE/MAX INTEGRITY - SALEM
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$596,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,522
Avg. Annual Appreciation
7.15%

Purchase Details

Closed on
Mar 17, 2008
Sold by
Camenzind Carl and Doolittle Carol
Bought by
Zindoo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,055
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2008
Sold by
Poppleton Ross
Bought by
Camenzind Carl E and Doolittle Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,055
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
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
Butler Donald S -- Amerititle
Zindoo Llc -- None Available
Camenzind Carl E $242,740 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Camenzind Carl E $182,055
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2013 05/09/13 Sold $240,000 -4.0% $92 / Sq Ft
05/09/2013 05/09/13 Pending -- -- --
10/30/2012 10/30/12 For Sale $250,000 -- $96 / 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 $4,220 $243,020 -- --
2023 $3,995 $235,950 $0 $0
2022 $3,773 $229,080 $0 $0
2021 $3,738 $222,410 $0 $0
2020 $3,518 $215,940 $0 $0
2019 $3,546 $209,660 $0 $0
2018 $3,625 $0 $0 $0
2017 $2,923 $0 $0 $0
2016 $2,800 $0 $0 $0
2015 $2,772 $0 $0 $0
2014 $2,592 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 658241

Willamette Valley MLS

APN: 553735