NOT LISTED FOR SALE

1940 Church St NE Salem, OR 97301

Highland Neighborhood

Estimated Value: $316,000 - $367,000

4 Beds
2 Baths
1,200 Sq Ft
$280/Sq Ft Est. Value

Last Sold May 11, 2020

Last sale price $242,000 $202 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,967/month

19 Days on Market

Highlights

  • Storage
  • Level Lot
  • Wood Siding

About This Home

As of May 2020

Two houses on one lot, professionally managed. 3 bedroom house rented $1295 at and studio cottage $640. Charming home recently renovated with newer laminate floors, cabinets, counters, newer appliances, updated windows, and electrical panel. New roof in 2019. Buy as investment (it is located in an opportunity zone). Live in one & rent out other.

Last Agent to Sell the Property

Marie Hoskins

Berkshire Hathaway HomeServices Real Estate Professionals License #891200175 Listed on: 03/12/2020

Berkshire Hathaway HomeServices Real Estate Professionals

Last Buyer's Agent

Marie Hoskins

Berkshire Hathaway HomeServices Real Estate Professionals License #891200175 Listed on: 03/12/2020

Berkshire Hathaway HomeServices Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,165

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 6,098

Parking

  • Assigned Parking

Home Design

  • Wood Siding
  • Lap Siding

Additional Features

  • Storage
  • Level Lot
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,165

Year Built

Built in 1926 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1200
  • Year Built: 1926
  • Property Condition: Updated/Remodeled
  • Remarks Public: Two houses on one lot, professionally managed. 3 bedroom house rented $1295 at and studio cottage $640. Charming home recently renovated with newer laminate floors, cabinets, counters, newer appliances, updated windows, and electrical panel. New roof in 2019. Buy as investment (it is located in an opportunity zone). Live in one & rent out other.
  • Unreinforced Masonry Building: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: CLARK & MEYERS ADD SALEM LOT 6 BLK 1
  • Storage: Individual Storage Units

Exterior Features

  • Exterior Description: Lap Siding, Wood Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Parking Description: Assigned

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity, Gas
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Association/Amenities

  • Amenities Supplement: No

Schools

  • Elementary School: Highland
  • Middle School: Parrish
  • High School: North Salem

Lot Info

  • Lot Description: Level
  • Zoning: RS
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 1802.85
  • Assessor Parcel Number: R69912
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.19

MLS Schools

  • Elementary School: Highland
  • High School: North Salem
  • Middle School: Parrish

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jul 6, 2020
Sold by
Cox Matthew
Bought by
Marions Llc
Seller's Agent
Marie Hoskins
Berkshire Hathaway HomeServices Real Estate Professionals
Buyer's Agent
Marie Hoskins
Berkshire Hathaway HomeServices Real Estate Professionals
List Price
$249,900
Sold Price
$242,000
Premium/Discount to List
-$7,900
-3.16%
Current Estimated Value
$335,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,555
Avg. Annual Appreciation
5.69%

Purchase Details

Closed on
Feb 21, 2019
Sold by
Huber Kasey
Bought by
Mast Kyle R and Mast Hannah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,800
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 19, 2018
Closed on
Nov 30, 2018
Sold by
Hoskins Marie J
Bought by
Huber Kasey
Seller's Agent
Marie Hoskins
BERKSHIRE HATHAWAY HOMESERVICES R E PROF
List Price
$224,900
Sold Price
$219,400
Premium/Discount to List
-$5,500
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%
Original Mortgage
$130,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2018
Sold by
Advantage Equities 10555 Llc
Bought by
Marie J Hoskins Trust

Purchase Details

Closed on
Oct 23, 2017
Sold by
Hoskins Marie J
Bought by
Advantage Equities Losss Llc

Purchase Details

Closed on
Jun 11, 2013
Sold by
Hoskins Marie J and Hoskins Marie
Bought by
Hoskins Marie J and The Marie J Hoskins Trust

Purchase Details

Closed on
May 10, 2006
Sold by
Pena Cruz
Bought by
Hoskins Marie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,373
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 26, 2001
Sold by
Young Lottie M
Bought by
Pena Cruz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,764
Interest Rate
6.51%
Mortgage Type
FHA
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
Marions Llc -- None Available
Mast Kyle R $233,500 Fidelity National Title
Huber Kasey $219,400 Fidelity National Title
Marie J Hoskins Trust -- Fidelity National Title
Advantage Equities Losss Llc -- Fidelity National Title
Hoskins Marie J -- None Available
Hoskins Marie J $122,967 Fidelity National Title
Pena Cruz $80,000 Amerititle Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mirrions Llc $182,800
Previous Owner Mast Kyle R $186,800
Previous Owner Huber Kasey $130,000
Previous Owner Hoskins Marie J $98,373
Previous Owner Pena Cruz $78,764
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2020 05/11/20 Sold $242,000 -6.9% $202 / Sq Ft
03/31/2020 03/31/20 Pending -- -- --
03/30/2020 03/30/20 Price Changed $259,900 +4.0% $217 / Sq Ft
03/25/2020 03/25/20 For Sale $249,900 0.0% $208 / Sq Ft
03/22/2020 03/22/20 Pending -- -- --
03/20/2020 03/20/20 Price Changed $249,900 0.0% $208 / Sq Ft
03/20/2020 03/20/20 For Sale $249,900 -5.7% $208 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $264,900 +20.7% $221 / Sq Ft
12/21/2018 12/21/18 Sold $219,400 -6.6% $183 / Sq Ft
10/25/2018 10/25/18 Price Changed $235,000 +4.5% $196 / Sq Ft
10/19/2018 10/19/18 For Sale $224,900 -- $187 / 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 $2,165 $110,250 -- --
2023 $2,101 $107,040 $0 $0
2022 $1,981 $103,930 $0 $0
2021 $1,924 $100,910 $0 $0
2020 $1,868 $97,980 $0 $0
2019 $1,859 $95,130 $0 $0
2018 $1,835 $0 $0 $0
2017 $1,656 $0 $0 $0
2016 $1,577 $0 $0 $0
2015 $1,589 $0 $0 $0
2014 $1,538 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marie Hoskins

    Seller's Agent in 2020

    Marie Hoskins

    BHHS Oregon- Professionals

    (503) 559-2929

    2 in this area

    20 Total Sales

    Marie Hoskins
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20326341

Regional Multiple Listing Service (RMLS)

APN: 569912

Oregon Marion County Salem 97301 Highland

1940 Church St NE, Salem, OR

This home is located at 1940 Church St NE, Salem, OR 97301 since 12 March 2020 and is currently estimated at $335,555, approximately $279 per square foot. This property was built in 1926. 1940 Church St NE 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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