$20,000
SOLD APR 12, 2013
-- Bed
-- Bath
3,332 Sq Ft
6,760 Sq Ft Lot

Recently Sold

$6 Per Sq Ft

71% Below List Price

788 Days on Market

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • No HOA

About This Home

As of April 2013

Leary of the stock market and looking for an investment that offers a consistent cash on cash return. Check out this duplex with good income potential (2-3Bedroom Units). Property needs renovation. Owner is retiring and priced to sell.

Last Agent to Sell the Property

Richard Warner

Warner Real Estate & Auction Company Listed on: 01/20/2011

Last Buyer's Agent

Richard Warner

Warner Real Estate & Auction Company Listed on: 01/20/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,760 Sq Ft Lot
  • Lot Dimensions are 40x169

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,332 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet

Schools

  • Salem High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Radiant Heating System
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 00039
  • Assessor Parcel Number 13-00027-00039

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $48
  • Insurance Expense $341
  • Operating Expense $6,608

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted
  • Fireplace: No
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3332
  • Living Area Sq Ft: 3332
  • Price Per Sq Ft: 9.30
  • Above Grade Finished Sq Ft: 3332
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 48.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1164.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SALEM CITY SCHOOLS
  • High School: SALEM
  • School District Key: 300200396391
  • High School: SALEM

Lot Info

  • Improvement Assessed Value: 120700.00
  • Land Assessed Value: 14900.00
  • Lot Size Acres: 0.16
  • Lot Dimensions: 40X169
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6760.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2215870
  • Tax Annual Amount: 5055.0
  • Assessor Parcel Number: 13-00027-00039
  • Tax Lot: 00039
  • Tax Year: 2012
  • Close Date: 04/12/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2021
Sold by
Hampton Enterprises Llc
Bought by
Mercado Angela
Current Estimated Value
$158,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Outstanding Balance
$2,815
Interest Rate
3%
Mortgage Type
Stand Alone Second
Estimated Equity
$159,826

Purchase Details

Listed on
Jan 20, 2011
Closed on
Apr 10, 2013
Sold by
Rudolph Julee
Bought by
Hampton Enterprises
Seller's Agent
Richard Warner
Warner Real Estate & Auction Company
Buyer's Agent
Richard Warner
Warner Real Estate & Auction Company
List Price
$69,500
Sold Price
$20,000
Premium/Discount to List
-$49,500
-71.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.56%
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 Type Sale Price Title Company
Deed $105,000 Salem Oak Title Agency Inc
Deed $20,000 Foundation Titile
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,000 Stand Alone Second
Open $103,098 New Conventional
Previous Owner $63,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2015 10/01/15 Rented $800 0.0% --
08/14/2015 08/14/15 Under Contract -- -- --
07/07/2015 07/07/15 For Rent $800 0.0% --
04/12/2013 04/12/13 Sold $20,000 -71.2% $6 / Sq Ft
03/18/2013 03/18/13 Pending -- -- --
01/20/2011 01/20/11 For Sale $69,500 -- $21 / Sq Ft
Source: Bright 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 $4,646 $59,100 $9,000 $50,100
2023 $4,646 $59,100 $9,000 $50,100
2022 $4,443 $59,100 $9,000 $50,100
2021 $4,084 $59,100 $9,000 $50,100
2020 $4,203 $59,100 $9,000 $50,100
2019 $4,178 $59,100 $9,000 $50,100
2018 $4,086 $59,100 $9,000 $50,100
2017 $4,037 $59,100 $9,000 $50,100
2016 $5,310 $135,600 $14,900 $120,700
2015 $5,242 $135,600 $14,900 $120,700
2014 $5,215 $135,600 $14,900 $120,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004285842

Bright MLS

APN: 13-00027-0000-00039