NOT LISTED FOR SALE

1870 5th St NE Unit 1890 Salem, OR 97301

Highland Neighborhood

Estimated Value: $373,156 - $429,000

3 Beds
3 Baths
1,857 Sq Ft
$219/Sq Ft Est. Value

Last Sold January 15, 2016

Last sale price $188,000 $101 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,552/month

79 Days on Market

Highlights

  • Cul-De-Sac
  • Washer and Dryer
  • Lap Siding
  • Attached Garage
  • Level Lot
  • 1-Story Property

About This Home

As of January 2016

Great value in this triplex which is 3 individual houses. Each unit is 1 bed, 1 bath, kitchen/dining area & inside utility room. Newer exterior paint per seller. 1890 had recent upgrades on carpet & interior paint. 1870 has newer carpet & kitchen vinyl. Tenants pay all utilities. Quiet dead end street & alley access. Attached garages for 1870 & 1890. Easy access to shopping & parkway. Do not disturb tenants!

Last Agent to Sell the Property

Rhonda Marshall

Knipe Realty ERA Powered License #200304021 Listed on: 08/17/2015

Knipe Realty ERA Powered

Last Buyer's Agent

Hoi Pham

iStar Realty LLC License #900500143

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,669

Year Built

  • Built in 1949

Lot Details

  • Cul-De-Sac
  • Level Lot

Parking

  • Attached Garage

Home Design

  • Lap Siding

Interior Spaces

  • 1-Story Property
  • Range
  • Washer and Dryer

Utilities

  • Electric Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,669

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 1857
  • Stories: 1
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: BROADWAY ADD SALEM FR LOT 16 BLK 3

Exterior Features

  • Exterior Description: Lap Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Built-Up

Garage/Parking

  • Parking Description: Attached, Off Site

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace
  • Security Or Entry: Sidewalk

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Washer/Dryer

Lot Info

  • Lot Description: Cul-de-sac, Level
  • Zoning: RS

Tax Info

  • Tax Amount: 2606.97
  • Assessor Parcel Number: R67189

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 10.59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2015
Closed on
Jan 11, 2016
Sold by
Hull Diana L
Bought by
Phan Thinh D
Seller's Agent
Rhonda Marshall
Knipe Realty ERA Powered
Buyer's Agent
Hoi Pham
iStar Realty LLC
List Price
$195,000
Sold Price
$188,000
Premium/Discount to List
-$7,000
-3.59%
Current Estimated Value
$406,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,789
Avg. Annual Appreciation
8.40%
Original Mortgage
$141,000
Outstanding Balance
$113,412
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$293,377

Purchase Details

Closed on
Feb 2, 2015
Sold by
Erwert Alan J and Erwert Michael J
Bought by
Hull Diana L

Purchase Details

Closed on
Apr 26, 2011
Sold by
Erwert Mary Lou
Bought by
Erwert Mary Lou and Warren J Erwert Trust
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
Phan Thinh D $188,000 Ticor Title
Hull Diana L -- None Available
Erwert Mary Lou -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phan Thinh D $141,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2016 01/15/16 Sold $188,000 -3.6% $101 / Sq Ft
11/04/2015 11/04/15 Pending -- -- --
08/17/2015 08/17/15 For Sale $195,000 -- $105 / 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 $3,669 $186,890 -- --
2023 $3,561 $181,450 $0 $0
2022 $3,358 $176,170 $0 $0
2021 $3,262 $171,040 $0 $0
2020 $3,167 $166,060 $0 $0
2019 $3,056 $161,230 $0 $0
2018 $3,110 $0 $0 $0
2017 $2,807 $0 $0 $0
2016 $2,674 $0 $0 $0
2015 $2,694 $0 $0 $0
2014 $2,607 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rhonda Marshall

    Seller's Agent in 2016

    Rhonda Marshall

    Knipe Realty ERA Powered

    (503) 551-0081

    61 Total Sales

    Section Image

  • H

    Buyer's Agent in 2016

    Hoi Pham

    iStar Realty LLC

    (503) 329-6839

    132 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15282239

Regional Multiple Listing Service (RMLS)

APN: 567189

Oregon Marion County Salem 97301 Highland

1870 5th St NE Unit 1890, Salem, OR

This home is located at 1870 5th St NE Unit 1890, Salem, OR 97301 since 17 August 2015 and is currently estimated at $406,789, approximately $219 per square foot. This property was built in 1949. 1870 5th St NE Unit 1890 is a home located in Marion County with nearby schools including Highland Elementary School, Parrish Middle School, and North Salem High School.

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