NOT LISTED FOR SALE

1550 Bellevue St SE Unit 1552 Salem, OR 97301

Southeast Salem Neighborhood

Estimated Value: $289,000 - $341,000

2 Beds
2 Baths
1,404 Sq Ft
$226/Sq Ft Est. Value

Last Sold July 11, 2014

Last sale price $105,000 $75 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $1,948/month

6 Days on Market

Highlights

  • Corner Lot
  • Lap Siding
  • 1-Story Property
  • Views

About This Home

As of July 2014

Own this duplex in SE Salem with long term tenants have resided for 16 & 24 years, respectively. Each unit has its own laundry room, privacy fenced yard areas and 2 off street parking spaces. Situated across the street from a nice park with basketball/tennis court, swings, jungle gym, covered picnic area and large grassy area for playing/relaxing.

Last Agent to Sell the Property

Rebecca Overall

Overall Real Estate License #970700115 Listed on: 06/05/2014

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,586

Year Built

  • Built in 1973

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Paved Parking
  • Assigned Parking

Home Design

  • Lap Siding

Interior Spaces

  • 1-Story Property
  • Range
  • Washer and Dryer Hookup
  • Property Views

Utilities

  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,586

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 1404
  • Stories: 1
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: UNIVERSITY ADD SALEM FR LOT 2 BLK 48 ALSO STRIP ADJ

Exterior Features

  • Exterior Description: Lap Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition
  • View: Park/Greenbelt
  • View: Yes

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Assigned, Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air
  • Security Or Entry: Sidewalk
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer Hookup

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Zoning: MFR

Tax Info

  • Tax Amount: 1691.97
  • Assessor Parcel Number: R95304

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 8.71

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2014
Closed on
Jul 7, 2014
Sold by
Follas Cameron and Follas Donald M
Bought by
Faber Gary W and Faber Kathi K
Seller's Agent
Rebecca Overall
Overall Real Estate
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$115,000
Sold Price
$105,000
Premium/Discount to List
-$10,000
-8.7%
Current Estimated Value
$317,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,881
Avg. Annual Appreciation
10.85%

Purchase Details

Closed on
Jul 9, 2001
Sold by
Williams Denise E
Bought by
Follas Donald Martin
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
Faber Gary W $105,000 First American
Follas Donald Martin $99,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faber Gary W $54,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2014 07/11/14 Sold $105,000 -8.7% $75 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
06/05/2014 06/05/14 For Sale $115,000 -- $82 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $2,586 $131,720 -- --
2023 $2,510 $127,890 $0 $0
2022 $2,367 $124,170 $0 $0
2021 $2,299 $120,560 $0 $0
2020 $1,863 $117,050 $0 $0
2019 $1,798 $113,650 $0 $0
2018 $2,192 $0 $0 $0
2017 $1,978 $0 $0 $0
2016 $1,884 $0 $0 $0
2015 $1,899 $0 $0 $0
2014 $1,779 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 14048054

Regional Multiple Listing Service (RMLS)

APN: 595304

Oregon Marion County Salem 97301 Southeast Salem

1550 Bellevue St SE Unit 1552, Salem, OR

This home is located at 1550 Bellevue St SE Unit 1552, Salem, OR 97301 since 05 June 2014 and is currently estimated at $317,881, approximately $226 per square foot. This property was built in 1973. 1550 Bellevue St SE Unit 1552 is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South Salem High School.

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