NOT LISTED FOR SALE

1844 Lansing Ave NE Unit 1848 Salem, OR 97301

Lansing Neighborhood

Estimated Value: $474,000 - $625,000

2 Beds
3 Baths
4,500 Sq Ft
$117/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $971,000 $216 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $3,151/month

121 Days on Market

Highlights

  • Territorial View
  • Zoned Heating
  • 1-Story Property
  • Storage

About This Home

As of November 2022

Excellent rental history on these two single level triplexes. Six 2 Bedroom, 1 bath units w/washer/dryers in each unit. Exterior storage closets for each unit. Centrally located for commutes, shopping and schools. Significant rent increases turnover.

Last Agent to Sell the Property

Kelly Martin

Realty One Group Willamette Valley License #200603182 Listed on: 07/10/2022

Realty One Group Willamette Valley

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,092

Year Built

  • Built in 1965

Lot Details

  • 7,841

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,500 Sq Ft Home
  • 1-Story Property
  • Storage
  • Territorial Views
  • Crawl Space

Parking

  • Paved Parking
  • Open Parking

Schools

  • Parrish Middle School
  • North Salem High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 588453

Community Details

Overview

  • 336 Units
  • Roseland Annex Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $15,537
  • Gross Income $70,860
  • Net Operating Income $55,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,092

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1965
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, None
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Commons
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • High School: North Salem
  • Middle Or Junior School: Parrish

Lot Info

  • Zoning: RM2
  • Parcel #: 588453
  • Assessor Parcel Number 2: 588454

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 7092.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 336
  • Gross Rent Multiplier: 14.11
  • Annual Gross Income: 70860.0
  • Property Net Operating Income: 55323.0
  • Annual Operating Expense: 15537.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2022
Closed on
Nov 22, 2022
Sold by
Jane M Norris Revocable Living Trust
Bought by
Filippov Dmitriy Peter
Seller's Agent
Kelly Martin
Realty One Group Willamette Valley
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$1,050,000
Sold Price
$971,000
Premium/Discount to List
-$79,000
-7.52%
Views
24
Current Estimated Value
$516,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$454,588
Avg. Annual Appreciation
-20.31%
Original Mortgage
$358,875
Interest Rate
6.95%
Mortgage Type
New Conventional
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
Filippov Dmitriy Peter $478,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Filippov Dmitriy $362,000
Closed Filippov Dmitriy Peter $358,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $971,000 -2.9% $216 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
09/17/2022 09/17/22 Price Changed $1,000,000 -4.8% $222 / Sq Ft
06/27/2022 06/27/22 For Sale $1,050,000 -- $233 / 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 $3,870 $197,090 -- --
2023 $3,756 $191,350 $0 $0
2022 $3,541 $185,780 $0 $0
2021 $3,440 $180,370 $0 $0
2020 $3,443 $175,120 $0 $0
2019 $3,322 $170,020 $0 $0
2018 $3,279 $0 $0 $0
2017 $2,960 $0 $0 $0
2016 $2,819 $0 $0 $0
2015 $2,840 $0 $0 $0
2014 $2,727 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelly Martin

    Seller's Agent in 2022

    Kelly Martin

    Realty One Group Willamette Valley

    (503) 551-5788

    2 in this area

    65 Total Sales

    Section Image

  • O

    Buyer's Agent in 2022

    OR and WA Non Rmls

    Non Rmls Broker

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22077909

Regional Multiple Listing Service (RMLS)

APN: 588453

Oregon Marion County Salem 97301 Lansing

1844 Lansing Ave NE Unit 1848, Salem, OR

This home is located at 1844 Lansing Ave NE Unit 1848, Salem, OR 97301 since 10 July 2022 and is currently estimated at $527,136, approximately $117 per square foot. This property was built in 1965. 1844 Lansing Ave NE Unit 1848 is a home located in Marion County with nearby schools including Englewood Elementary School, Parrish Middle School, and North 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.

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