NOT LISTED FOR SALE

1941 Turnage St NW Salem, OR 97304

West Salem Neighborhood

Estimated Value: $468,757 - $569,000

4 Beds
2 Baths
2,160 Sq Ft
$243/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $354,900 $164 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,198/month

7 Days on Market

Highlights

  • View of Trees or Woods
  • Attached Garage
  • Lap Siding
  • Hilly Lot
  • Zoned Heating
  • 3-minute walk to College Heights Park

About This Home

As of July 2020

Great turnkey property in excellent West Salem location! Both units are just over 1000 sq ft, 2 bedrooms and 1 bath with laundry room. New carpet and floor coverings, stainless appliances, new roof in 2017. Appliances and washer/dryer included with purchase and covered under extended warranty until 2023. Each unit has its own garage. Professionally managed property with rents at $1195 & $1040.

Last Agent to Sell the Property

Kristin Hurley

Premiere Property Group, LLC License #201207938 Listed on: 05/28/2020

Premiere Property Group, LLC

Last Buyer's Agent

Timothy Meinhart

Works Real Estate License #801204002

Works Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,204

Year Built

  • Built in 1979

Lot Details

  • Hilly Lot

Property Views

  • Woods
  • Territorial

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Natural lighting in basement

Parking

  • Attached Garage
  • Assigned Parking

Schools

  • Myers Elementary School
  • Walker Middle School
  • West Salem High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, water
  • Assessor Parcel Number 263531

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $6,100
  • Gross Income $26,820
  • Net Operating Income $20,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,204

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1979
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight
  • Storage: Garage
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Hilly
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Territorial,TreesWoods

Garage/Parking

  • Parking Description: Assigned, Attached
  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Myers
  • High School: West Salem
  • Middle Or Junior School: Walker

Lot Info

  • Zoning: RS
  • Parcel #: 263531

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 4203.75

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.23
  • Annual Gross Income: 26820.0
  • Property Net Operating Income: 20720.0
  • Annual Operating Expense: 6100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Jun 29, 2020
Sold by
Mast Kyle R and Mast Hannah L
Bought by
Cramer Steven J and Cramer Adella M
Seller's Agent
Kristin Hurley
Premiere Property Group, LLC
Buyer's Agent
Timothy Meinhart
Works Real Estate
List Price
$354,900
Sold Price
$354,900
Current Estimated Value
$523,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,039
Avg. Annual Appreciation
7.70%

Purchase Details

Closed on
Dec 22, 2017
Sold by
Advantage Equities 10555 Llc
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
$206,250
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2017
Sold by
Hoskins Marie J
Bought by
Advantage Equities 10555 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2006
Sold by
Hoskins Steven R
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
$131,950
Interest Rate
6.52%
Mortgage Type
Fannie Mae Freddie Mac
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
Cramer Steven J $354,900 Multiple
Mast Kyle R $275,000 Fidelity National Title
Advantage Equities 10555 Llc -- Fidelity National Title
Hoskins Marie J -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mast Kyle R $206,250
Previous Owner Hoskins Marie J $131,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2020 07/08/20 Sold $354,900 0.0% $164 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $354,900 -- $164 / 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
2025 $4,916 $268,700 $80,350 $188,350
2024 $4,916 $260,880 $78,010 $182,870
2023 $4,774 $253,290 $75,740 $177,550
2022 $4,621 $245,920 $73,530 $172,390
2021 $4,489 $238,760 $71,390 $167,370
2020 $4,356 $231,810 $69,310 $162,500
2019 $4,204 $225,060 $67,290 $157,770
2018 $4,134 $218,510 $65,330 $153,180
2017 $3,726 $212,150 $63,430 $148,720
2016 $3,637 $205,980 $61,580 $144,400
2015 -- $199,990 $59,780 $140,210
Source: Public Records

Agents Affiliated with this Home

  • Kristin Hurley

    Seller's Agent in 2020

    Kristin Hurley

    Premiere Property Group, LLC

    (503) 680-2418

    23 Total Sales

    Kristin Hurley
    Section Image
  • Timothy Meinhart

    Buyer's Agent in 2020

    Timothy Meinhart

    Works Real Estate

    (503) 984-0509

    1 in this area

    25 Total Sales

    Timothy Meinhart
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20658331

Regional Multiple Listing Service (RMLS)

APN: 263531

Oregon Polk County Salem 97304 West Salem

1941 Turnage St NW, Salem, OR

This home is located at 1941 Turnage St NW, Salem, OR 97304 since 28 May 2020 and is currently estimated at $523,939, approximately $242 per square foot. This property was built in 1979. 1941 Turnage St NW is a home located in Polk County with nearby schools including Kalapuya Elementary School, Walker Middle School, and West Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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