$880,000
SOLD NOV 8, 2024

1900 Laurel Ave NE Unit 1930 Salem, OR 97301

Highland Neighborhood
-- Bed
-- Bath
4,376 Sq Ft
0.32 Acres

Recently Sold

$201 Per Sq Ft

7% Below List Price

58 Days on Market

Highlights

  • 0.32 Acre Lot
  • Landscaped with Trees
  • Wood Siding
  • No HOA
  • Forced Air Heating System

About This Home

As of November 2024

Miss 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

HEATHER RAUH

HomeSmart Realty Group License #201221169

HomeSmart Realty Group

Last Buyer's Agent

Chun Truong

HomeSmart Realty Group License #199911024

HomeSmart Realty Group

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,563

Year Built

Built in 1926 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1926
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: StorageSpace, Unfinished
  • Storage: Basement,IndividualStorageUnits
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Trees
  • Road Surface Type: Paved
  • Roof: Shingle

Garage/Parking

  • Parking Description: Driveway, OffStreet
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 5.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Vallis Management
  • Community Features: AllLandscaping
  • Association: No

Schools

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

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939.0
  • Parcel #: 526489

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 6562.65

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.29
  • Annual Gross Income: 73121.0
  • Property Net Operating Income: 55567.0
  • Annual Operating Expense: 18434.0

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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

Mortgage History

Date Status Loan Amount Loan Type
Open $616,000 New Conventional
Previous Owner $310,000 Unknown
Previous Owner $240,000 Unknown
Previous Owner $180,000 Purchase Money Mortgage
Source: Public Records

Deed 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

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See All Homes in Salem

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24438679

Regional Multiple Listing Service (RMLS)

APN: 526489

Oregon Marion County Salem 97301 Highland

1900 Laurel Ave NE Unit 1930, Salem, OR

Homes for Sale in Salem, OR

This home is located at 1900 Laurel Ave NE Unit 1930, Salem, OR 97301 and is currently priced at $880,000, approximately $201 per square foot. This property was built in 1926. 1900 Laurel Ave NE Unit 1930 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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