NOT LISTED FOR SALE

1650 Salishan St SE Unit 1660 Salem, OR 97302

Morningside Neighborhood

Estimated Value: $400,712 - $461,000

4 Beds
2 Baths
1,856 Sq Ft
$232/Sq Ft Est. Value

Last Sold January 27, 2021

Last sale price $375,000 $202 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,559/month

63 Days on Market

Highlights

  • Territorial View
  • Patio
  • Landscaped
  • Fenced Yard
  • Zoned Heating
  • High Speed Internet

About This Home

As of January 2021

Well-maintained duplex with fresh exterior paint, 1650 newly remodeled with pergo-style flooring, fresh interior paint, granite countertops in kitchen and bath. Both units have a 1-car garage, fenced yard, and washer dryer hookups. Showings on 1650 Salishan only. DO NOT DISTURB tenant in 1660 (this unit shown only with accepted offer). Live in one side and rent the other or great investment opportunity. Listing Broker is related to Seller.

Last Agent to Sell the Property

Peggy Kernan

WILD HORSE REAL ESTATE License #200402105 Listed on: 10/16/2020

Last Buyer's Agent

Kacharel Gibbs

EXP REALTY, LLC License #201226069

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,095

Year Built

  • Built in 1975

Lot Details

  • 6,970 Sq Ft Lot
  • Fenced Yard
  • Landscaped

Home Design

  • Duplex
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 1,856 Sq Ft Home
  • Dining Area
  • Territorial Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 16 / 2

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $457
  • Trash Expense $432
  • Water Sewer Expense $1,680
  • Operating Expense $5,664
  • Net Operating Income $18,086

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,095

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Dual Living: Yes
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Well-maintained duplex with fresh exterior paint, 1650 newly remodeled with pergo-style flooring, fresh interior paint, granite countertops in kitchen and bath. Both units have a 1-car garage, fenced yard, and washer dryer hookups. Showings on 1650 Salishan only. DO NOT DISTURB tenant in 1660 (this unit shown only with accepted offer). Live in one side and rent the other or great investment opportunity. Listing Broker is related to Seller.
  • Cross Street: Pringle Rd SE
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Negotiable Inclusions: Range and Refrigerator in each unit
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Patio
  • Exterior Color: Brown
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding Style: T111
  • View: Territorial

Utilities

  • Heating: Zonal
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Garbage: 432
  • Insurance: 457
  • Sewer: City
  • Water/Sewer: 1680

Lot Info

  • Acres: 0.16
  • Estimated Lot Dimensions: Irregular
  • Lot: 16
  • Zoning: RM
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 5664

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R80361
  • Tax Amount: 3095

Multi Family

  • Net Income: 18086
  • Gross Sched Income: 23750
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
Jan 25, 2021
Sold by
Kibby Llc
Bought by
May James R and May Solange R
Seller's Agent
Peggy Kernan
WILD HORSE REAL ESTATE
Buyer's Agent
Kacharel Gibbs
EXP REALTY, LLC
List Price
$375,000
Sold Price
$375,000
Current Estimated Value
$430,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,928
Avg. Annual Appreciation
2.91%
Original Mortgage
$366,000
Outstanding Balance
$325,674
Interest Rate
2.67%
Mortgage Type
VA
Estimated Equity
$105,254

Purchase Details

Closed on
Jun 27, 2012
Sold by
Kernan Peggy
Bought by
Kibby Llc

Purchase Details

Closed on
Mar 13, 2012
Sold by
Dean Lora M
Bought by
Kernan Peggy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,750
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2004
Sold by
Dean Lora M
Bought by
Dean Lora M and Riebe Nellie Rae

Purchase Details

Closed on
Nov 14, 2003
Sold by
Riebe Nellie Rae
Bought by
Dean Lora M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2002
Sold by
Dean Lora M
Bought by
Dean Lora M and Riebe Nellie Rae

Purchase Details

Closed on
Aug 26, 2002
Sold by
Papagiannis Phyllis
Bought by
Dean Lora M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
May James R $375,000 First American
Kibby Llc -- None Available
Kernan Peggy -- None Available
Kernan Peggy L $134,750 Ticor Title
Dean Lora M -- --
Dean Lora M -- Fidelity Natl Title Co Of Or
Dean Lora M -- Amerititle
Dean Lora M $129,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open May James R $366,000
Previous Owner Kernan Peggy L $84,750
Previous Owner Dean Lora M $108,750
Previous Owner Dean Lora M $103,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2021 01/27/21 Sold $375,000 +4.2% $202 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
11/19/2020 11/19/20 Price Changed $360,000 -4.0% $194 / Sq Ft
10/16/2020 10/16/20 For Sale $375,000 -- $202 / 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
2025 $3,479 $182,490 -- --
2024 $3,479 $177,180 -- --
2023 $3,376 $172,020 $0 $0
2022 $3,183 $167,010 $0 $0
2021 $3,092 $162,150 $0 $0
2020 $3,095 $157,430 $0 $0
2019 $2,897 $152,850 $0 $0
2018 $2,948 $0 $0 $0
2017 $2,661 $0 $0 $0
2016 $2,534 $0 $0 $0
2015 $2,554 $0 $0 $0
2014 $2,471 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peggy Kernan

    Seller's Agent in 2021

    Peggy Kernan

    WILD HORSE REAL ESTATE

    (503) 931-9751

    2 in this area

    43 Total Sales

    Peggy Kernan
    Section Image

  • K

    Buyer's Agent in 2021

    Kacharel Gibbs

    EXP REALTY, LLC

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 770045

Willamette Valley MLS

APN: 580361

Oregon Marion County Salem 97302 Morningside

1650 Salishan St SE Unit 1660, Salem, OR

Not Listed for Sale

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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