NOT LISTED FOR SALE

1216 Arabian Ave SE Salem, OR 97317

Estimated Value: $315,000 - $443,000

6 Beds
4 Baths
2,318 Sq Ft
$155/Sq Ft Est. Value

Last Sold April 22, 2015

Last sale price $220,000 $95 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,216/month

219 Days on Market

Highlights

  • Territorial View
  • Zoned Heating
  • High Speed Internet
  • Patio
  • Landscaped
  • Dining Area

About This Home

As of April 2015

Spacious single level duplex, each side is 3 bedrooms, 2 baths and 1159 +/- square feet! Well managed and good condition! Oversized single garage with extra driveway parking. Inside laundry rooms with washer/dryer hook-ups. Patio and fenced back yard, and the back yards have no rear neighbors, so the view is a nice field. These are nice units with good rental history. They would also be great for owner occupied! Owner pays water/sewer/garbage. Invest in your future today!

Last Listed By

Ray Beaty

PARAMOUNT REAL ESTATE SERVICES License #970500048 Listed on: 08/04/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,035

Year Built

  • Built in 1992

Lot Details

  • 8,314 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • Duplex
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,318 Sq Ft Home
  • Dining Area
  • Territorial Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Tenants personal property

Community Details

Overview

  • 2 Units

Building Details

  • Trash Expense $60
  • Water Sewer Expense $90

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,035

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Spacious single level duplex, each side is 3 bedrooms, 2 baths and 1159 +/- square feet! Well managed and good condition! Oversized single garage with extra driveway parking. Inside laundry rooms with washer/dryer hook-ups. Patio and fenced back yard, and the back yards have no rear neighbors, so the view is a nice field. These are nice units with good rental history. They would also be great for owner occupied! Owner pays water/sewer/garbage. Invest in your future today!
  • Cross Street: Macleay
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Exclusions: Tenants personal property
  • Negotiable Inclusions: 2 each of Fridge, Range, Dishwasher
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 94.91
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 99.22

Exterior Features

  • Patio: Patio
  • Exterior Color: Grey
  • Fenced Yard: Partial
  • Landscape: Yes
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Utilities

  • Heating: Electric, Zonal
  • High Speed Comm Access: Available
  • Water: Private/Community/Dist
  • Water Heater: Electric
  • Garbage: 60
  • Sewer: City
  • Water/Sewer: 90

Schools

  • Elementary School: Marion Miller
  • Middle School: Houck
  • High School: North Salem

Lot Info

  • Acres: 0.2
  • Estimated Lot Sq Ft: 8314
  • Price Per Acre: 1150000
  • Zoning: RM
  • Geo Subdivision: OR

Multi Family

  • Unit Types: Flat
  • Number Of Units: 2

Tax Info

  • Tax Account Number: R53850/R322148
  • Tax Amount: 3035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2014
Closed on
Apr 21, 2015
Sold by
Lee Charleen B
Bought by
Patterson Robert M and Brown Robin
Seller's Agent
Ray Beaty
PARAMOUNT REAL ESTATE SERVICES
List Price
$235,000
Sold Price
$220,000
Premium/Discount to List
-$15,000
-6.38%
Total Days on Market
219
Current Estimated Value
$358,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,859
Avg. Annual Appreciation
4.99%

Purchase Details

Closed on
Aug 27, 2012
Sold by
Lee Charleen B
Bought by
Lee Charleen B and John Lee Disclaimer Trust

Purchase Details

Closed on
Nov 14, 2002
Sold by
Pieper Gerald J
Bought by
Lee John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Home in Salem, OR

  • 1091 Jefferson St NE Unit 1097, Salem, OR 97301

    $399,900

    • 5 Beds
    • 3 Baths
    • 1091 Jefferson St NE
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    This property appears to have significant room for rent growth. 2nd br at 1095 does not have a closet at this time. Some updates in units. SF are estimates only based upon the Marion County Assessors Office data. Sellers have priced this at an As Is Cash Only transaction.

    BOB RIGGI WINDERMERE PACIFIC WEST PROP

    Section Image

Range of Values:

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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
Patterson Robert M $220,000 Fidelity National Title Co
Lee Charleen B -- None Available
Lee John $180,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee John $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2015 04/22/15 Sold $220,000 -6.4% $95 / Sq Ft
03/11/2015 03/11/15 Pending -- -- --
08/04/2014 08/04/14 For Sale $235,000 -- $101 / 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 $2,511 $150,110 -- --
2023 $2,381 $145,740 $0 $0
2022 $2,246 $141,500 $0 $0
2021 $2,225 $137,380 $0 $0
2020 $2,153 $133,380 $0 $0
2019 $2,169 $129,500 $0 $0
2018 $2,146 $0 $0 $0
2017 $1,815 $0 $0 $0
2016 $1,741 $0 $0 $0
2015 $1,724 $0 $0 $0
2014 $1,608 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 680440

Willamette Valley MLS

APN: 553850