NOT LISTED FOR SALE

1247 Arabian Ave SE Salem, OR 97317

Estimated Value: $449,197 - $479,000

5 Beds
3.5 Baths
2,400 Sq Ft
$193/Sq Ft Est. Value

Last Sold May 06, 2019

Last sale price $367,000 $153 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,753/month

16 Days on Market

Highlights

  • Territorial View
  • Fenced Yard
  • Landscaped
  • Mud Room
  • Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of May 2019

Great investment on corner lot provides lots of privacy. 1 unit is 2BR, 1.5BA w/new tile, laminate, paint, windows, hardie siding, AC and extra parking. 2nd unit is 3BR, 2BA w/newer tile, laminate, paint, windows, hardie siding, AC and a new furnace. Rents are projected to be $1500 and $1400. A must visit to appreciate. Motivated seller.

Last Agent to Sell the Property

Sean Keene

REGER HOMES, LLC License #200612050 Listed on: 03/21/2019

Co-Listed By

KIM KEENE

REGER HOMES, LLC License #201214170

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,001

Year Built

  • Built in 1987

Lot Details

  • 10,165 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Irregular Lot

Home Design

  • Duplex
  • Lap Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • Mud Room
  • Dining Area
  • Territorial Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3.5 Bathrooms

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 10 / 7

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • Water Sewer Expense $70

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,001

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Range Facility: Electric
  • Syndicated Remarks: Great investment on corner lot provides lots of privacy. 1 unit is 2BR, 1.5BA w/new tile, laminate, paint, windows, hardie siding, AC and extra parking. 2nd unit is 3BR, 2BA w/newer tile, laminate, paint, windows, hardie siding, AC and a new furnace. Rents are projected to be $1500 and $1400. A must visit to appreciate. Motivated seller.
  • Cross Street: Ricky
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Negotiable Inclusions: All appliances currently in property
  • Flooring: Laminate, Tile
  • Total Bathrooms: 3.5
  • Total Bedrooms: 5
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Bonus Rooms: Mudroom
  • Price Per Sq Ft: 152.92
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 152.08

Exterior Features

  • Exterior Color: Yellow
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Utilities

  • Heating: Gas, Central Ac, Forced Air
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Gas
  • Insurance: 800
  • Sewer: City
  • Water/Sewer: 70

Schools

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

Lot Info

  • Acres: 0.23
  • Estimated Lot Sq Ft: 10165
  • Lot: 10
  • Lot Type: Irregular
  • Price Per Acre: 1586956.52
  • Zoning: RM
  • Property Use Type: Investment
  • Geo Subdivision: OR

Multi Family

  • Gross Sched Income: 34800
  • Number Of Units: 2

Tax Info

  • Tax Account Number: R53873
  • Tax Amount: 3001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2019
Closed on
Apr 30, 2019
Sold by
Jensen Greg E and Jensen Nattalie C
Bought by
Buchanan Munro Alexander
Seller's Agent
Sean Keene
REGER HOMES, LLC
List Price
$365,000
Sold Price
$367,000
Premium/Discount to List
$2,000
0.55%
Current Estimated Value
$463,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,549
Avg. Annual Appreciation
3.78%
Original Mortgage
$275,250
Outstanding Balance
$242,498
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$221,051

Purchase Details

Closed on
Nov 29, 2006
Sold by
Jensen Gregory E
Bought by
Jensen Greg E and Jensen Nattalie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
8.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2002
Sold by
Bowden Joette and Bowden Stella
Bought by
Jensen Gregory E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,200
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Buchanan Munro Alexander $367,000 Fidelity National Title
Jensen Greg E -- Amerititle
Jensen Gregory E $150,300 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buchanan Munro Alexander $275,250
Previous Owner Jensen Greg E $238,500
Previous Owner Jensen Gregory E $120,200
Closed Jensen Gregory E $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2019 05/06/19 Sold $367,000 +0.5% $153 / Sq Ft
04/07/2019 04/07/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $365,000 -- $152 / 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 $3,512 $206,260 -- --
2023 $3,327 $200,260 $0 $0
2022 $3,138 $194,430 $0 $0
2021 $3,109 $188,770 $0 $0
2020 $3,012 $183,280 $0 $0
2019 $2,945 $177,950 $0 $0
2018 $3,001 $0 $0 $0
2017 $2,471 $0 $0 $0
2016 $2,368 $0 $0 $0
2015 $2,344 $0 $0 $0
2014 $2,194 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sean Keene

    Seller's Agent in 2019

    Sean Keene

    REGER HOMES, LLC

    (503) 508-4389

    6 in this area

    134 Total Sales

    Sean Keene
    Section Image
  • KIM KEENE

    Seller Co-Listing Agent in 2019

    KIM KEENE

    REGER HOMES, LLC

    (503) 508-4387

    1 Total Sale

    KIM KEENE
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 746152

Willamette Valley MLS

APN: 553873

Oregon Marion County Salem 97317

1247 Arabian Ave SE, Salem, OR

This home is located at 1247 Arabian Ave SE, Salem, OR 97317 since 21 March 2019 and is currently estimated at $463,549, approximately $193 per square foot. This property was built in 1987. 1247 Arabian Ave SE is a home located in Marion County with nearby schools including Miller Elementary School, Houck 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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