H
Seller's Agent in 2024
HEATHER RAUH
HomeSmart Realty Group
(971) 373-5379
2 in this area
63 Total Sales
1900 Laurel Ave NE Unit 1930 Salem, OR 97301
Highland Neighborhood
--
Bed
--
Bath
4,376
Sq Ft
0.32
Acres
Highlights
- 0.32 Acre Lot
- Landscaped with Trees
- Wood Siding
- No HOA
- Forced Air Heating System
About This Home
As of November 2024Miss out? Seller is accepting back up offers. PRICE IMPROVEMENT!This 4-plex commands top rental rates & is CUTE! Cute equals higher rental rates and happier tenants, which in turn, equals a happier owner. Become that happy owner. Live in one and rent the others to pay your mortgage for you OR buy & rent them all. Each house is identical with a bed & bath on the first floor, two bedrooms upstairs, & unfinished basement. Now is your chance to invest smart! 1900, 1910, and 1920 each come with a private additional storage unit on the property. They are big enough for bikes, holiday decorations, camping gear, strollers, etc. 1930 comes with two off-street parking spaces and a full garage. 1930 is vacant for viewing. The other units are available to view with an accepted offer. Inspection reports are available for each unit. Ask your real estate broker for a copy. Seller invested $17,477 into a new sewer line on 07/16/2024. Tenants pay for electricity, gas, and garbage.3 units are fully rented. 3 units are fully rented. Great lease rates! $1,775, $1850, $1,815. Once unit free reserved free for Owner Occupancy. Back on market because Buyer's contingency property fell through.
Last Agent to Sell the Property
HomeSmart Realty Group License #201221169 Listed on: 07/06/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,563
Year Built
- Built in 1926 | Remodeled
Lot Details
- 0.32 Acre Lot
- Landscaped with Trees
Parking
- 4 Car Garage
- Driveway
- Off-Street Parking
Home Design
- Shingle Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 4,376 Sq Ft Home
- 3-Story Property
- Unfinished Basement
- Basement Storage
Schools
- Parrish Middle School
- North Salem High School
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Electric Water Heater
Listing and Financial Details
- Rent includes ground maintenance, sewer, water
- Assessor Parcel Number 526489
Community Details
Overview
- No Home Owners Association
- 4 Units
- Highland Subdivision
- Property managed by Vallis Management
Building Details
- Operating Expense $18,434
- Gross Income $73,121
- Net Operating Income $55,567
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 6, 2024
Closed on
Nov 1, 2024
Sold by
Love Laurel Court Llc
Bought by
Chen Joyce Wei-Jo
Seller's Agent
HEATHER RAUH
HomeSmart Realty Group
Buyer's Agent
Chun Truong
HomeSmart Realty Group
List Price
$950,000
Sold Price
$880,000
Premium/Discount to List
-$70,000
-7.37%
Views
64
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$168,756
Avg. Annual Appreciation
-20.27%
Original Mortgage
$616,000
Outstanding Balance
$609,821
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$101,423
Purchase Details
Closed on
Aug 17, 2016
Sold by
Love Mildred Nora
Bought by
Love Laurel Court Llc
Purchase Details
Closed on
Jun 21, 2016
Sold by
Nationstar Mortgage Llc
Bought by
Love Mildred Nora
Purchase Details
Closed on
Mar 4, 2016
Sold by
Reppeto Elizabeth J and Reppeto Victor T
Bought by
National Mortgage Llc
Purchase Details
Closed on
Dec 19, 2001
Sold by
Reppeto Victor and Reppeto Elizabeth J
Bought by
Reppeto Victor T and Reppeto Elizabeth J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $880,000 | Amerititle | |
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | $268,800 | First American | |
| Sheriffs Deed | $440,866 | None Available | |
| Interfamily Deed Transfer | -- | First American |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $616,000 | New Conventional | |
| Previous Owner | $180,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2024 11/08/24 | Sold | $880,000 | -2.1% | $201 / Sq Ft |
| 09/03/2024 09/03/24 | Pending | -- | -- | -- |
| 09/02/2024 09/02/24 | Price Changed | $899,000 | -5.4% | $205 / Sq Ft |
| 07/06/2024 07/06/24 | For Sale | $950,000 | -- | $217 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $6,762 | $344,400 | -- | -- |
| 2023 | $6,563 | $334,370 | $0 | $0 |
| 2022 | $6,188 | $324,640 | $0 | $0 |
| 2021 | $6,011 | $315,190 | $0 | $0 |
| 2020 | $5,836 | $306,010 | $0 | $0 |
| 2019 | $5,630 | $297,100 | $0 | $0 |
| 2018 | $5,730 | $0 | $0 | $0 |
| 2017 | $5,172 | $0 | $0 | $0 |
| 2016 | $4,926 | $0 | $0 | $0 |
| 2015 | $4,963 | $0 | $0 | $0 |
| 2014 | $4,803 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
HEATHER RAUH
-
Chun Truong
Buyer's Agent in 2024
Chun Truong
HomeSmart Realty Group
(503) 851-3167
3 in this area
189 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24438679
APN: 526489
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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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