NOT LISTED FOR SALE

1383 E State St Salem, OH 44460

Estimated Value: $93,000 - $185,000

7 Beds
3 Baths
4,469 Sq Ft
$33/Sq Ft Est. Value

Last Sold January 13, 2017

Last sale price $82,500 $18 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $981/month

186 Days on Market

About This Home

As of January 2017

Amazing Triplex Opportunity in the heart of Downtown Salem! Investment Opportunity or Reside There and Let the Rents Cover the Mortgage!
Spacious Rooms, Soaring Ceilings, All Units Include Appliances, newer Flooring and Fresh Paint in 2 Units. Amazing Woodwork, Gorgeous Staircase and Stain Glassed Windows. Two- 2 Bedroom Units and One- 3 bedroom Unit. Common Laundry Room, Front and Back Tenant Entrances, Full Basement, Updated Electric and Plumbing. All Utilities Separate, Spacious Parking and Yard! Upper Units Feature Sun Rooms with Great Views! History Has it this was once a Home for Men Offering 17 Rooms for Rent! First Time Offered in Over 30 Years- Priced to Sell!

Last Agent to Sell the Property

Cindy Lautzenheiser

Howard Hanna License #449022 Listed on: 06/06/2016

Howard Hanna

Last Buyer's Agent

Cindy Sneltzer

Berkshire Hathaway HomeServices Stouffer Realty License #446463

Berkshire Hathaway HomeServices Stouffer Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,937

Year Built

  • Built in 1890

Lot Details

  • 0.42 Acre Lot
  • Partially Fenced Property
  • Unpaved Streets

Home Design

  • Slate Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,469 Sq Ft Home
  • 3-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas, sewer, water
  • The owner pays for trash collection
  • Assessor Parcel Number 5104790000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,937

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Year Built Exception: Actual YBT
  • Num Of Stories: 3.00
  • Year Built: 1890
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Appliances Equipment: Dishwasher, Dryer, Wall Oven, Range, Refrigerator, Smoke Detector, Washer
  • Total Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Detail: Full
  • Living Area Sq Ft: 4469
  • Estimated Total Living Area: 4469

Exterior Features

  • Exterior: Vinyl
  • Fences: Partial
  • Roof: Slate

Garage/Parking

  • Driveway: Unpaved

Utilities

  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Fee Information

  • Op Expenses: 4129.44

Schools

  • School District: Salem CSD
  • School District: Salem CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.4209
  • Parcel Number: 5104790000

Rental Info

  • Owner Pays: Trash Collection
  • Tenant Pays: Cable/Electric Link, Electric, Gas, Sewer, Water

Multi Family

  • Unit Count: 3
  • Gross Income: 18600.00
  • Net Income: 14470.56
  • Num Of Buildings: 1
  • Number of Units: 3

Tax Info

  • Tax: 1937

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2017
Sold by
Herron Steven D and Herron Svetlana I
Bought by
Herron & Sons Llc
Current Estimated Value
$147,449

Purchase Details

Listed on
Jun 6, 2016
Closed on
Jan 9, 2017
Sold by
Landis Paul W and Landis Karen M
Bought by
Herron Steven D and Herron Svetlana I
Seller's Agent
Cindy Lautzenheiser
Howard Hanna
Buyer's Agent
Cindy Sneltzer
Berkshire Hathaway HomeServices Stouffer Realty
List Price
$94,900
Sold Price
$82,500
Premium/Discount to List
-$12,400
-13.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
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
Herron & Sons Llc -- None Available
Herron Steven D -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2017 01/13/17 Sold $82,500 -13.1% $18 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $94,900 -- $21 / Sq Ft
Source: MLS Now

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 $2,390 $59,400 $10,990 $48,410
2023 $2,396 $59,400 $10,990 $48,410
2022 $1,111 $59,400 $10,990 $48,410
2021 $1,066 $53,450 $20,370 $33,080
2020 $2,151 $53,450 $20,370 $33,080
2019 $1,075 $53,450 $20,370 $33,080
2018 $1,023 $48,590 $18,520 $30,070
2017 $2,044 $48,590 $18,520 $30,070
2016 $1,937 $45,650 $15,720 $29,930
2015 $1,937 $45,650 $15,720 $29,930
2014 $1,906 $45,650 $15,720 $29,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 3814897

MLS Now

APN: 5104790000