NOT LISTED FOR SALE

1725 Salishan St SE Unit 1731 Salem, OR 97302

Morningside Neighborhood

Estimated Value: $682,444 - $738,000

8 Beds
8 Baths
1,112 Sq Ft
$645/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $585,000 $526 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,327/month

Highlights

  • Views
  • Garage
  • Wood Siding
  • Parking Storage or Cabinetry

About This Home

As of June 2021

INVESTMENT OPPORTUNITY! You won't find an investment property as good as this one. These units are huge and in immaculate condition. New roof installed September 2020. Each unit features 2 large 2 bedrooms with 1.5 bathrooms. Comes with washer and dryer hookups, attached garage and amazing views off of the two decks connected that each unit has. You won't regret adding this to your investment portfolio.

Last Agent to Sell the Property

David Raines

24/7 Properties License #201218821 Listed on: 01/29/2021

Last Buyer's Agent

Arlo Jean Stoll

Savi Realty, Inc. License #201218979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,479

Year Built

  • Built in 1976

Lot Details

  • 0.29

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Attic

  • Storage In Attic

Parking

  • Garage
  • Parking Storage or Cabinetry

Additional Features

  • Crawl Space
  • Electric Water Heater
  • Property Views

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,479

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Year Built: 1976
  • Remarks Public: INVESTMENT OPPORTUNITY! You won't find an investment property as good as this one. These units are huge and in immaculate condition. New roof installed September 2020. Each unit features 2 large 2 bedrooms with 1.5 bathrooms. Comes with washer and dryer hookups, attached garage and amazing views off of the two decks connected that each unit has. You won't regret adding this to your investment portfolio.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: LAGUNA VILLAGE SOUTH II SUBDIVISION, BLOCK 1, LOT 8, ACRES 0.27
  • Basement: Crawl Space
  • Storage: Attic, Garage(s)

Exterior Features

  • Exterior Description: Wood Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition
  • View: Territorial
  • Foundation Details: Concrete Perimeter
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Schools

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

Lot Info

  • Zoning: RMZ

Rental Info

  • Rent Includes: Sewer

Tax Info

  • Tax Amount: 5391.88
  • Assessor Parcel Number: R80382
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.99

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2021
Closed on
Jun 17, 2021
Sold by
Shim Jay B and Shim Connie S
Bought by
Weaver Paul H and Weaver Lillian J
Seller's Agent
David Raines
24/7 Properties
Buyer's Agent
Arlo Jean Stoll
Savi Realty, Inc.
List Price
$599,000
Sold Price
$585,000
Premium/Discount to List
-$14,000
-2.34%
Current Estimated Value
$717,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,111
Avg. Annual Appreciation
5.40%
Original Mortgage
$438,750
Outstanding Balance
$404,089
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$328,297

Purchase Details

Closed on
Oct 19, 2020
Sold by
Shim Jay B and Shim Connie S
Bought by
Shim Jay B and Shim Connie S

Purchase Details

Closed on
Feb 4, 2005
Sold by
Durrant James E and Harper Brian E
Bought by
Shim Jay B and Shim Connie S

Purchase Details

Closed on
May 4, 2004
Sold by
Durrant James E and Durraut James
Bought by
Durrant James E and Harper Brian E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 12, 2004
Sold by
Hardwick J Andy
Bought by
Durraut James
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
Weaver Paul H $585,000 Lawyers Title Of Oregon Llc
Shim Jay B -- None Available
Shim Jay B $220,000 Fidelity Natl Title Co Of Or
Durrant James E -- Fidelity Natl Title Co Of Or
Durraut James $176,376 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver Paul H $438,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $585,000 +1.7% $526 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
03/31/2021 03/31/21 Price Changed $575,000 -3.4% $517 / Sq Ft
03/29/2021 03/29/21 Price Changed $595,000 -0.7% $535 / Sq Ft
03/17/2021 03/17/21 For Sale $599,000 0.0% $539 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
03/03/2021 03/03/21 Price Changed $599,000 +1.7% $539 / Sq Ft
02/23/2021 02/23/21 For Sale $589,000 +0.7% $530 / Sq Ft
02/19/2021 02/19/21 Off Market $585,000 -- --
02/10/2021 02/10/21 Pending -- -- --
02/08/2021 02/08/21 Off Market $585,000 -- --
02/02/2021 02/02/21 For Sale $589,000 +0.7% $530 / Sq Ft
02/02/2021 02/02/21 Off Market $585,000 -- --
01/29/2021 01/29/21 For Sale $589,000 +0.7% $530 / Sq Ft
01/29/2021 01/29/21 Off Market $585,000 -- --
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 $6,479 $329,960 -- --
2023 $6,287 $320,350 $0 $0
2022 $5,928 $311,020 $0 $0
2021 $5,759 $301,970 $0 $0
2020 $5,764 $293,180 $0 $0
2019 $5,561 $284,650 $0 $0
2018 $5,490 $0 $0 $0
2017 $4,955 $0 $0 $0
2016 $4,720 $0 $0 $0
2015 $4,755 $0 $0 $0
2014 $4,602 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Raines

    Seller's Agent in 2021

    David Raines

    24/7 Properties

    (503) 607-4216

    1 in this area

    87 Total Sales

    David Raines
    Section Image

  • A

    Buyer's Agent in 2021

    Arlo Jean Stoll

    Savi Realty, Inc.

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21573477

Regional Multiple Listing Service (RMLS)

APN: 580382

Oregon Marion County Salem 97302 Morningside

1725 Salishan St SE Unit 1731, Salem, OR

This home is located at 1725 Salishan St SE Unit 1731, Salem, OR 97302 since 29 January 2021 and is currently estimated at $717,111, approximately $644 per square foot. This property was built in 1976. 1725 Salishan St SE Unit 1731 is a home located in Marion County with nearby schools including Morningside 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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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