NOT LISTED FOR SALE
4 Beds
4 Baths
2,160 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: November 29, 2022

Last sale price $425,000 $197 Per Sq Ft

6 Days on Market

Highlights

  • High Speed Internet
  • Partially Fenced Property
  • Wood Siding
  • Dining Area

About This Home

As of November 2022

Multiple offers received! Highest and best by 10/20 12:00pm. Tucked away off State st you will find a unique opportunity to own 4 individually metered cottages. Seller has completed multiple improvements to the units in recent years. Roofs, Windows, and paint all updated in 2020. Whether you're just starting out investing in Real Estate or a seasoned investor this 4plex belongs in your portfolio. Future Buyer will enjoy $0 Landscaping, $0 Electricity, $0 W.S.G. as tenants are responsible for all utilities.

Last Agent to Sell the Property

Patrick Mulhern Team

SMI REAL ESTATE License #201216883 Listed on: 10/10/2022

SMI REAL ESTATE

Co-Listed By

Ryan Brush

SMI REAL ESTATE License #201247424

Last Buyer's Agent

TARYN STEVENS MOORE

RE/MAX INTEGRITY - SALEM License #200603143

RE/MAX INTEGRITY - SALEM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,559

Year Built

  • Built in 1950

Lot Details

  • 7,405 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • Dining Area
  • Laminate Flooring
  • Washer and Dryer Hookup

Kitchen

  • Built-In Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Electric Water Heater
  • High Speed Internet

Community Details

  • 4 Units
  • 1615 State St Salem Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,559

Year Built

Built in 1950

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Range Facility: Built-In
  • Syndicated Remarks: Multiple offers received! Highest and best by 10/20 12:00pm. Tucked away off State st you will find a unique opportunity to own 4 individually metered cottages. Seller has completed multiple improvements to the units in recent years. Roofs, Windows, and paint all updated in 2020. Whether you're just starting out investing in Real Estate or a seasoned investor this 4plex belongs in your portfolio. Future Buyer will enjoy $0 Landscaping, $0 Electricity, $0 W.S.G. as tenants are responsible for all utilities.
  • Cross Street: 17th
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Flooring: Laminate
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Source Of Sq Ft: County

Exterior Features

  • Fenced Yard: Partial
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Wood

Utilities

  • Heating: Wall Furnace
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Lot Info

  • Acres: 0.17
  • Estimated Lot Sq Ft: 7405
  • Lot Type: Common Area
  • Zoning: MU-1
  • Property Name: 1615 State St Salem
  • Property Use Type: Investment
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: 527533
  • Tax Amount: 3559

Multi Family

  • Unit Types: Flat
  • Number Of Units: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Nov 22, 2022
Sold by
Bought by
Seller's Agent
Patrick Mulhern Team
SMI REAL ESTATE
Buyer's Agent
TARYN STEVENS MOORE
RE/MAX INTEGRITY - SALEM
List Price
$425,000
Sold Price
$425,000
Views
3

Purchase Details

Closed on
Mar 4, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
0.0565%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$425,000 First American Title
$197,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $157,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/29/2022 11/29/22 Sold $425,000 0.0% $197 / Sq Ft
10/15/2022 10/15/22 For Sale $425,000 -- $197 / Sq Ft
Source: Willamette Valley MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,884 $203,740
2024 $3,884 $197,810
2023 $3,769 $192,050 $0 $0
2022 $3,554 $186,460 $0 $0
2021 $3,452 $181,030 $0 $0
2020 $3,455 $175,760 $0 $0
2019 $3,334 $170,650 $0 $0
2018 $3,291 $0 $0 $0
2017 $2,971 $0 $0 $0
2016 $2,830 $0 $0 $0
2015 $2,769 $0 $0 $0
2014 $2,809 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 798785

Willamette Valley MLS
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