NOT LISTED FOR SALE

1385 Hines St SE Salem, OR 97302

Southeast Salem Neighborhood

Estimated Value: $467,000 - $652,000

5 Beds
4 Baths
1,735 Sq Ft
$345/Sq Ft Est. Value

Last Sold June 24, 2020

Last sale price $540,000 $311 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,438/month

About This Home

As of June 2020

Fully updated 4plex with a stand alone house w/ private yard in the back and triplex in the front. This is the perfect investment to live in the house and rent out the triplex to pay a large portion of your mortgage. Seller has remodeled two other units and they are vacant and open for possibilities. The front building features all new Hardy siding, fresh paint and updated units. The back house has been updated top to bottom. There is TONS of parking and a laundry room on site.

Last Agent to Sell the Property

Sean Robbins

EXP REALTY, LLC License #201206043 Listed on: 04/29/2021

EXP REALTY, LLC

Last Buyer's Agent

Tom Ramsey

JOHN L. SCOTT REAL ESTATE License #200208048

JOHN L. SCOTT REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,221

Lot Details

  • 0.29

Home Design

  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • 0.29 Acre Lot
  • Flood Zone Lot
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 1,2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,221

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Syndicated Remarks: Fully updated 4plex with a stand alone house w/ private yard in the back and triplex in the front. This is the perfect investment to live in the house and rent out the triplex to pay a large portion of your mortgage. Seller has remodeled two other units and they are vacant and open for possibilities. The front building features all new Hardy siding, fresh paint and updated units. The back house has been updated top to bottom. There is TONS of parking and a laundry room on site.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Source Of Sq Ft: County

Utilities

  • Heating: Baseboard

Schools

  • Elementary School: Bush
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Acres: 0.29
  • Flood Plain: Yes
  • Lot: 1,2
  • Price Per Acre: 1862068.97
  • Geo Subdivision: OR

Tax Info

  • Tax Account Number: R71138

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2021
Closed on
Jun 1, 2021
Sold by
Ramen Real Estate Llc
Bought by
Vaughn Robert W
Seller's Agent
Sean Robbins
eXp Realty LLC
Buyer's Agent
Tom Ramsey
John L. Scott
List Price
$540,000
Sold Price
$540,000
Current Estimated Value
$597,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,987
Avg. Annual Appreciation
1.27%
Original Mortgage
$365,000
Outstanding Balance
$331,181
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$238,658

Purchase Details

Closed on
Nov 6, 2017
Sold by
Ramen Real Estate Llc
Bought by
Ramen Real Estate Pool 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
3.91%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 6, 2017
Sold by
Ewcp Lth Fund Llc
Bought by
Ramen Real Estate Llc

Purchase Details

Listed on
Dec 9, 2014
Closed on
Feb 26, 2015
Sold by
Worcester Helen S
Bought by
Carballo Brandi and Carballo Matt
Seller's Agent
DORA MCCORMICK
HOMESTAR BROKERS
List Price
$175,000
Sold Price
$178,000
Premium/Discount to List
$3,000
1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.60%
Original Mortgage
$133,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2006
Sold by
Tourangeau Larry
Bought by
Worcester Helen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,900
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2004
Sold by
Wozniak Benjamin
Bought by
Tourangeau Larry

Purchase Details

Closed on
Mar 15, 2004
Sold by
Tourangeau Larry Allen
Bought by
Wozniak Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.38%
Mortgage Type
Unknown
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
Vaughn Robert W $540,000 Amerititle
Ramen Real Estate Pool 1 Llc -- Amerititle
Ramen Real Estate Llc -- None Available
Carballo Brandi $178,000 Amerititle
Worcester Helen S -- Amerititle
Tourangeau Larry -- Amerititle
Wozniak Benjamin $110,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vaughn Robert W $365,000
Previous Owner Ramen Real Estate Pool 1 Llc $792,000
Previous Owner Carballo Brandi $133,500
Previous Owner Worcester Helen S $149,900
Previous Owner Wozniak Benjamin $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 For Sale $540,000 0.0% $311 / Sq Ft
06/24/2020 06/24/20 Sold $540,000 +203.4% $311 / Sq Ft
05/10/2020 05/10/20 Pending -- -- --
02/27/2015 02/27/15 Sold $178,000 +1.7% $71 / Sq Ft
02/27/2015 02/27/15 Pending -- -- --
12/09/2014 12/09/14 For Sale $175,000 -- $69 / 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 $3,221 $164,030 -- --
2023 $3,126 $159,260 $0 $0
2022 $2,947 $154,630 $0 $0
2021 $2,863 $150,130 $0 $0
2020 $2,780 $145,760 $0 $0
2019 $2,682 $141,520 $0 $0
2018 $2,729 $0 $0 $0
2017 $2,464 $0 $0 $0
2016 $2,347 $0 $0 $0
2015 $2,364 $0 $0 $0
2014 $2,288 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sean Robbins

    Seller's Agent in 2021

    Sean Robbins

    EXP REALTY, LLC

    (949) 220-9251

    4 in this area

    243 Total Sales

    Sean Robbins
    Section Image

  • T

    Buyer's Agent in 2021

    Tom Ramsey

    JOHN L. SCOTT REAL ESTATE

    Section Image
  • DORA MCCORMICK

    Seller's Agent in 2015

    DORA MCCORMICK

    HOMESTAR BROKERS

    (503) 580-1779

    10 Total Sales

    DORA MCCORMICK
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 776830

Willamette Valley MLS

APN: 571138

Oregon Marion County Salem 97302 Southeast Salem

1385 Hines St SE, Salem, OR

This home is located at 1385 Hines St SE, Salem, OR 97302 since 29 April 2021 and is currently estimated at $597,987, approximately $344 per square foot. 1385 Hines St SE is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South 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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