NOT LISTED FOR SALE

1265 SE Salem Ave Albany, OR 97321

Willamette Neighborhood
1 Bed
2 Baths
10,645 Sq Ft
1970 Built

Last Sold September 06, 2016

Last sale price $620,000 $58 Per Sq Ft

377 Days on Market

Highlights

  • Storage
  • Level Lot
  • Wood Siding
  • West Albany High School Rated 9+

About This Home

As of September 2016

There are 2 parcels (85866 & 85874).Laundry Room w/2 coin-operated washers & 2 dryers. Multi-family (Section 8) apt. project. .62 acre site. Contract provides the property with guaranteed subsidized rents for all 20 units & residents pay up to 30% of their income as rent. Contract expires 8/31/2016; however, LIHTC restrictions from 1999 renovation means restrictions of household income to at or below 60% of MFI until 1/1/2029.

Last Agent to Sell the Property

Chris Balmes

Chris Balmes Properties LLC License #780201341 Listed on: 04/02/2015

Co-Listed By

Lisa Balmes PC, e-PRO

Chris Balmes Properties LLC License #980500219

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Parking

  • Paved Parking
  • Open Parking

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Storage
  • Range

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 20 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

16

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 10645
  • Stories: 2
  • Year Built: 1970
  • Year Built Description: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Slab
  • Legal Description: MF1019-814
  • Storage: Individual Storage Units, Locked

Exterior Features

  • Exterior Description: Brick, Wood Siding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 16
  • Parking Description: Open, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator

Lot Info

  • Lot Description: On Busline, Corner, Level
  • Zoning: RM

Tax Info

  • Tax Amount: 6181.30
  • Assessor Parcel Number: 0085874

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 20
  • Gross Rent Multiplier: 4.80

Range of Values:

Collateral Analytics

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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

Property History

Date Event Price Change Sq Ft Price
09/06/2016 09/06/16 Sold $620,000 -21.0% $58 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
04/02/2015 04/02/15 For Sale $785,000 -- $74 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Chris Balmes

    Chris Balmes Properties LLC

    (503) 319-7026

    144 Total Sales

    Chris Balmes
    Section Image
  • Lisa Balmes PC, e-PRO

    Seller Co-Listing Agent in 2016

    Lisa Balmes PC, e-PRO

    Chris Balmes Properties LLC

    (503) 901-6545

    154 Total Sales

    Lisa Balmes PC, e-PRO
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15479281

Regional Multiple Listing Service (RMLS)

APN: 0085874

Oregon Linn County Albany 97321 Willamette

1265 SE Salem Ave, Albany, OR

This home is located at 1265 SE Salem Ave, Albany, OR 97321 since 02 April 2015. This property was built in 1970. 1265 SE Salem Ave is a home located in Linn County with nearby schools including Waverly Elementary School, Memorial Middle School, and West Albany 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.

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