NOT LISTED FOR SALE

Estimated Value: $424,645 - $516,000

5 Beds
4 Baths
2,464 Sq Ft
$183/Sq Ft Est. Value

Last Sold December 20, 2019

Last sale price $366,000 $149 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,702/month

293 Days on Market

About This Home

As of December 2019

Occupying a valuable corner lot close to Salem Central is an excellent 4-Plex Multifamily Investment offering. It is currently 100% occupied and conveniently located near Salem Hospital, McCulloch Stadium, Willamette University and the heart of Salem's culture, food, and entertainment. Full Reno 2001 and additionally updated carpets and applied fresh paint where needed. Room mix is Four 1-Bed 1-Bath. Showing instructions contact Listing Broker and please do not disturb Tenants

Last Agent to Sell the Property

AJ Nash

TRADITION REAL ESTATE PARTNERS License #201208908 Listed on: 11/21/2018

Last Buyer's Agent

Phil Bailey

LEGACY REAL ESTATE License #201219039

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,840

Year Built

  • Built in 1904

Lot Details

  • 6,481 Sq Ft Lot
  • Lot Dimensions are 60 x 108

Home Design

  • 2,464 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Block 23

Community Details

Overview

  • 4 Units
  • Bellevue 4 Plex Community

Building Details

  • Net Operating Income $21,346

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,840

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Syndicated Remarks: Occupying a valuable corner lot close to Salem Central is an excellent 4-Plex Multifamily Investment offering. It is currently 100% occupied and conveniently located near Salem Hospital, McCulloch Stadium, Willamette University and the heart of Salem's culture, food, and entertainment. Full Reno 2001 and additionally updated carpets and applied fresh paint where needed. Room mix is Four 1-Bed 1-Bath. Showing instructions contact Listing Broker and please do not disturb Tenants
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Price Per Sq Ft: 148.54
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 142.05

Exterior Features

  • Exterior Color: White

Lot Info

  • Acres: 0.15
  • Estimated Lot Dimensions: 60 x 108
  • Estimated Lot Sq Ft: 6481
  • Price Per Acre: 2333333.33
  • Zoning: RL
  • Property Name: Bellevue 4-Plex
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R68498
  • Tax Account Number: R68498
  • Tax Amount: 2840

Multi Family

  • Net Income: 21346
  • Gross Sched Income: 30300
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2018
Closed on
Dec 19, 2019
Sold by
Mahoney Daniel A and Mahoney Angela M
Bought by
Emery Andrew M
Seller's Agent
AJ Nash
TRADITION REAL ESTATE PARTNERS
Buyer's Agent
Phil Bailey
LEGACY REAL ESTATE
List Price
$355,000
Sold Price
$366,000
Premium/Discount to List
$11,000
3.1%
Total Days on Market
293
Current Estimated Value
$450,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,911
Avg. Annual Appreciation
3.89%
Original Mortgage
$359,370
Outstanding Balance
$320,894
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$130,017

Purchase Details

Closed on
Jan 23, 2007
Sold by
Mahoney Dan A and Mahoney Angela M
Bought by
Mahoney Daniel A and Mahoney Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.1%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 26, 2004
Sold by
Stoller Paul
Bought by
Mahoney Dan A and Mahoney Angela M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,750
Interest Rate
5.95%
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 Buyer Sale Price Title Company
Emery Andrew M $366,000 Amerititle
Mahoney Daniel A -- Accommodation
Mahoney Dan A $217,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emery Andrew M $125,000
Open Emery Andrew M $359,370
Previous Owner Mahoney Daniel A $208,000
Previous Owner Mahoney Daniel A $212,000
Previous Owner Mahoney Dan A $162,750
Previous Owner Mahoney Dan A $54,250
Closed Mahoney Dan A $54,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2019 12/20/19 Sold $366,000 +4.6% $149 / Sq Ft
05/17/2019 05/17/19 Price Changed $350,000 -1.4% $142 / Sq Ft
11/21/2018 11/21/18 For Sale $355,000 -- $144 / 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 $3,713 $189,120 -- --
2023 $3,604 $183,620 $0 $0
2022 $3,398 $178,280 $0 $0
2021 $3,301 $173,090 $0 $0
2020 $3,304 $168,050 $0 $0
2019 $3,188 $163,160 $0 $0
2018 $3,147 $0 $0 $0
2017 $2,840 $0 $0 $0
2016 $2,705 $0 $0 $0
2015 $2,726 $0 $0 $0
2014 $2,638 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 742108

Willamette Valley MLS

APN: 568498