$511,000
SOLD FEB 28, 2025
3 Beds
4 Baths
2,149 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

12% Below List Price

95 Days on Market

Highlights

  • Shed
  • High Speed Internet
  • Wood Siding
  • Laundry Facilities
  • Partially Fenced Property
  • Carpet

About This Home

As of February 2025

One Tenant leases all four renovated units and pays sewer/water, and common area electric. 6.9 CAP! Older architecturally beautiful home converted to apartments decades ago. Near Salem Hospital, Willamette University, Capitol buildings, downtown. Over $50,000 in recent upgrades. Property consists of 2 legal parcels being consolidated, making the structure conforming. Final recording of approved plat expected by 1/1/25. 500-year and 100-year flood plain. County build date of 1956 not guaranteed by Seller.

Last Agent to Sell the Property

Kenneth Marshall

VINTAGE REALTY NORTHWEST License #200404300 Listed on: 11/25/2024

Co-Listed By

Ashley Lacer

LAND AND WILDLIFE LLC tm, EXCLUSIVE PARTNER OF LANDLEADER tm License #201232307

Last Buyer's Agent

Cory Carlson

CONSTANT COMMERCIAL REAL ESTATE INC License #201226331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,082

Year Built

  • Built in 1956

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 46 x 159
  • Partially Fenced Property

Home Design

  • 2,149 Sq Ft Home
  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Lap Siding

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Schools

  • Bush Elementary School
  • Leslie Middle School
  • South Salem High School

Utilities

  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Electric Range
  • Shed
  • Flood Zone Lot
  • Unfinished Basement

Community Details

Overview

  • 4 Units
  • Bel190 Community

Additional Features

  • Laundry Facilities
  • Maintenance Expense $663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,082

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Range Facility: Electric
  • Syndicated Remarks: One Tenant leases all four renovated units and pays sewer/water, and common area electric. 6.9 CAP! Older architecturally beautiful home converted to apartments decades ago. Near Salem Hospital, Willamette University, Capitol buildings, downtown. Over $50,000 in recent upgrades. Property consists of 2 legal parcels being consolidated, making the structure conforming. Final recording of approved plat expected by 1/1/25. 500-year and 100-year flood plain. County build date of 1956 not guaranteed by Seller.
  • Cross Street: Ferry St. SE
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Basement: Unfinished
  • Laundry: Laundry Center
  • Price Per Sq Ft: 237.79
  • Price Per Sq Ft: 260.12

Exterior Features

  • Fenced Yard: Partial
  • Foundation: Continuous
  • Out Buildings: Shed
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap

Utilities

  • Heating: Electric
  • High Speed Comm Access: Present
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Condo/Co-op/Association

  • Maintenance: 663

Schools

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

Lot Info

  • Acres: 0.17
  • Estimated Lot Dimensions: 46 x 159
  • Estimated Lot Sq Ft: 7405
  • Flood Plain: Yes
  • Price Per Acre: 3288235.29
  • Zoning: RM2
  • Property Name: BEL190
  • Property Use Type: Investment
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2023-24
  • Tax Account Number: 595171, 595172
  • Tax Amount: 3082

Multi Family

  • Number Of Units: 4

MLS Schools

  • HighSchool: South Salem
  • Middle School: Leslie
  • Elementary School: Bush

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2024
Closed on
Jan 30, 2025
Sold by
Bellingar Enterprises Llc
Bought by
Hy-Salem Llc
Seller's Agent
Kenneth Marshall
VINTAGE REALTY NORTHWEST
Buyer's Agent
Cory Carlson
CONSTANT COMMERCIAL REAL ESTATE INC
List Price
$580,000
Sold Price
$511,000
Premium/Discount to List
-$69,000
-11.9%
Views
152
Current Estimated Value
$503,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,892
Avg. Annual Appreciation
2.82%

Purchase Details

Listed on
Nov 21, 2018
Closed on
Dec 13, 2019
Sold by
Mahoney Daniel A
Bought by
Bellinger Enterprises Llc
Seller's Agent
AJ Nash
TRADITION REAL ESTATE PARTNERS
List Price
$320,000
Sold Price
$307,500
Premium/Discount to List
-$12,500
-3.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%

Purchase Details

Closed on
Feb 14, 2007
Sold by
Biehn Claude W and Biehn Arlene J
Bought by
Mahoney Daniel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2004
Sold by
Aldrich Gerald R and Aldrich Pamela R
Bought by
Biehn Claude W and Beihn Arlene J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $511,000 First American Title
Warranty Deed $307,500 First American Title
Warranty Deed $222,000 Amerititle
Interfamily Deed Transfer $8,430 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $243,750 Future Advance Clause Open End Mortgage
Previous Owner $166,500 Purchase Money Mortgage
Previous Owner $101,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $511,000 -8.6% $238 / Sq Ft
01/16/2025 01/16/25 Price Changed $559,000 -3.6% $260 / Sq Ft
11/25/2024 11/25/24 For Sale $580,000 +88.6% $270 / Sq Ft
12/13/2019 12/13/19 Sold $307,500 -0.8% $143 / Sq Ft
05/17/2019 05/17/19 Price Changed $310,000 -3.1% $144 / Sq Ft
11/21/2018 11/21/18 For Sale $320,000 -- $149 / 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
2024 $3,083 $157,020 -- --
2023 $2,992 $152,450 $0 $0
2022 $2,821 $148,010 $0 $0
2021 $2,741 $143,700 $0 $0
2020 $2,661 $139,520 $0 $0
2019 $2,647 $135,460 $0 $0
2018 $2,613 $0 $0 $0
2017 $2,358 $0 $0 $0
2016 $2,246 $0 $0 $0
2015 $2,263 $0 $0 $0
2014 $2,190 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 823472

Willamette Valley MLS

APN: 595171