NOT LISTED FOR SALE

1236 Arabian Ave SE Salem, OR 97317

Estimated Value: $275,000 - $443,000

6 Beds
4 Baths
2,318 Sq Ft
$149/Sq Ft Est. Value

Last Sold November 19, 2015

Last sale price $228,500 $99 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,141/month

408 Days on Market

Highlights

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

About This Home

As of November 2015

Spacious single level duplex, each side is 3 bed, 2 bath and 1159 +/- sq. 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 with no rear neighbors, so the view is a nice field. New roof in 2015. These are nice with good rental history. They would also be great for owner occupied! Owner pays water/sewer/garbage on unit 1236 and only garbage on unit 1238. Rents increase to $975 on 11/1/15.

Last Agent to Sell the Property

Ray Beaty

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

Last Buyer's Agent

Gladys Blum

BLUM REAL ESTATE License #781200091

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,035

Year Built

  • Built in 1992

Lot Details

  • 8,556 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
  • 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 $45

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 bed, 2 bath and 1159 +/- sq. 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 with no rear neighbors, so the view is a nice field. New roof in 2015. These are nice with good rental history. They would also be great for owner occupied! Owner pays water/sewer/garbage on unit 1236 and only garbage on unit 1238. Rents increase to $975 on 11/1/15.
  • Cross Street: Macleay
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Exclusions: Tenants personal property
  • Negotiable Inclusions: Fridge (2), Ranges (2), Dishwashers (2)
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 98.58
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 99.22

Exterior Features

  • Patio: Patio
  • Fenced Yard: Partial
  • Landscape: Yes
  • Roof: Composition
  • Siding: Composite
  • 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: 45

Schools

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

Lot Info

  • Acres: 0.2
  • Estimated Lot Sq Ft: 8556
  • Price Per Acre: 1150000
  • Zoning: RM
  • Geo Subdivision: OR

Multi Family

  • Unit Types: Flat
  • Number Of Units: 2

Tax Info

  • Tax Account Number: R53852/R322149
  • Tax Amount: 3035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2014
Closed on
Nov 18, 2015
Sold by
Lee Charleen B
Bought by
Lulay Roger E
Seller's Agent
Ray Beaty
PARAMOUNT REAL ESTATE SERVICES
Buyer's Agent
Gladys Blum
BLUM REAL ESTATE
List Price
$230,000
Sold Price
$228,500
Premium/Discount to List
-$1,500
-0.65%
Total Days on Market
408
Current Estimated Value
$345,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,402
Avg. Annual Appreciation
4.43%
Original Mortgage
$91,400
Outstanding Balance
$72,879
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$273,208
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
    • Unit 1097
    • Salem, OR

    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
Lulay Roger E $114,250 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lulay Roger E $91,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2015 11/19/15 Sold $228,500 -0.7% $99 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
08/04/2014 08/04/14 For Sale $230,000 -- $99 / 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 $2,316 $141,500 $0 $0
2021 $2,294 $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: 680441

Willamette Valley MLS

APN: 553852