NOT LISTED FOR SALE

2005 Carleton Way NE Salem, OR 97301

Northgate Neighborhood
3 Beds
3 Baths
6,424 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: September 30, 2019

Last sale price $2,600,000 $405 Per Sq Ft

28 Days on Market

About This Home

As of September 2019

MOTIVATED SELLERS for LIKE NEW prof. managed 19 unit apartment complex that is turn-key with GREAT cash flow and is a FULLY renovated and ultra high-efficiency! 100% NEWLY LEASED! Complete down-to-the-studs renovation of entire complex (interior and exterior) just finished May 31 2019. All SS kitchen appliances incl over-range microwave & W/D in EVERY UNIT! These units are in extremely high demand and the entire complex was complet

Last Agent to Sell the Property

Lisa Collins

Trilliant Property Management License #201212857 Listed on: 05/28/2019

Last Buyer's Agent

Gabe Johansen

SMI Commercial Real Estate LLC License #201202003

SMI Commercial Real Estate LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 0.3

Parking

  • Open Parking

Home Design

  • Cement Siding

Interior Spaces

  • 2-Story Property
  • Washer and Dryer

Kitchen

  • Range
  • Microwave
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 19 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0.3 Acres

Parking

19

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 6424
  • Stories: 2
  • Year Built: 1937
  • Property Condition: Approximately
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: CAPITOLA, BLOCK 3, LOT 2 & FR 1, ACRES 0

Exterior Features

  • Exterior Description: Cement Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 19
  • Parking Description: Open

Utilities

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

Condo/Co-op/Association

  • Unit Features: Dishwasher, Microwave, Range, Washer/Dryer

Lot Info

  • Lot Description: Level
  • Zoning: RM2

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 5692.96
  • Assessor Parcel Number: R68671
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 19
  • Gross Rent Multiplier: 12.86

MLS Schools

  • Elementary School: Hammond
  • High School: McKay
  • Middle School: Waldo

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Sep 25, 2019
Sold by
Bought by
Seller's Agent
Lisa Collins
Trilliant Property Management
Buyer's Agent
Gabe Johansen
SMI Commercial Real Estate LLC
List Price
$2,599,000
Sold Price
$2,600,000
Premium/Discount to List
$1,000
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,894,000
Interest Rate
0.036%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,127,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
0.0621%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,600,000 Amerititle
$920,000 Ticor Title
-- Ticor Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,894,000
Previous Owner $1,127,000
Previous Owner $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/30/2019 09/30/19 Sold $2,600,000 0.0% $405 / Sq Ft
06/26/2019 06/26/19 Price Changed $2,600,000 0.0% $405 / Sq Ft
06/25/2019 06/25/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $2,599,000 -- $405 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,369 $648,880
2024 $12,369 $629,990
2023 $12,005 $611,650 $0 $0
2022 $11,319 $593,840 $0 $0
2021 $10,995 $576,550 $0 $0
2020 $10,675 $559,760 $0 $0
2019 $5,594 $295,170 $0 $0
2018 $5,693 $0 $0 $0
2017 $5,138 $0 $0 $0
2016 $4,894 $0 $0 $0
2015 $4,931 $0 $0 $0
2014 $4,772 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19213281

Regional Multiple Listing Service (RMLS)

APN: 073W12CD03300

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