NOT LISTED FOR SALE

Estimated Value: $326,000 - $511,000

4 Beds
4 Baths
2,112 Sq Ft
$195/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $203,100 $96 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $2,702/month

34 Days on Market

Highlights

  • Patio
  • Dining Area
  • Wood Siding
  • Landscaped
  • Partially Fenced Property
  • 2-minute walk to Mill Race Park

About This Home

As of March 2018

Great Investment Opportunity! Each unit has a kitchen that opens to the dining area, large great room, 2 bedrooms and 2 bathrooms. Private patio. Separate laundry outbuilding. Located short distance to downtown Salem and I-5! This is a Fannie Mae Home Path property. The seller directs that all offers on this listing be made using the HomePath Online offer system at the HomePath website homepath.com.

Last Agent to Sell the Property

Brian Smith

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. License #920800079 Listed on: 02/02/2018

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

Last Buyer's Agent

Natalie Rybakov

HOMESMART REALTY GROUP License #200610196

HOMESMART REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,211

Year Built

  • Built in 1971

Lot Details

  • 8,640 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 2,112 Sq Ft Home
  • Dining Area
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Patio
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,211

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Syndicated Remarks: Great Investment Opportunity! Each unit has a kitchen that opens to the dining area, large great room, 2 bedrooms and 2 bathrooms. Private patio. Separate laundry outbuilding. Located short distance to downtown Salem and I-5! This is a Fannie Mae Home Path property. The seller directs that all offers on this listing be made using the HomePath Online offer system at the HomePath website homepath.com.
  • Cross Street: Ferry
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Price Per Sq Ft: 96.16
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 85.18

Exterior Features

  • Patio: Patio
  • Exterior Color: Gray
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Wood
  • Siding Style: T111

Utilities

  • Water Heater: Gas

Lot Info

  • Acres: 0.2
  • Estimated Lot Sq Ft: 8640
  • Flood Plain: Unknown
  • Lot Type: Dimension Above
  • Price Per Acre: 899500
  • Property Use Type: Investment, Vacant/Owner-User

Multi Family

  • Unit Types: Flat
  • Number Of Units: 2

Tax Info

  • Tax Account Number: R68327
  • Tax Amount: 3211

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2018
Closed on
Mar 27, 2018
Sold by
Fannie Mae
Bought by
Pachelo Michael D
Seller's Agent
Brian Smith
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
Buyer's Agent
Natalie Rybakov
HOMESMART REALTY GROUP
List Price
$179,900
Sold Price
$203,100
Premium/Discount to List
$23,200
12.9%
Total Days on Market
34
Current Estimated Value
$411,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,841
Avg. Annual Appreciation
10.34%
Original Mortgage
$180,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2016
Sold by
Knignt Robert B
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 17, 2015
Sold by
Knight Robert B
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 16, 2006
Sold by
Knight Robert B
Bought by
Knight Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 11, 2006
Sold by
Knight Properties Llc
Bought by
Knight Robert B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 13, 2006
Sold by
Gaskell Penny M
Bought by
Knight Robert B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 10, 2006
Sold by
Knight Robert B
Bought by
Knight Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac
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
Pachelo Michael D $2,031,000 Lawyers Title
Federal National Mortgage Association $190,000 None Available
Federal National Mortgage Association $190,000 None Available
Knight Properties Llc -- Accommodation
Knight Robert B -- Ticor Title
Knight Robert B $180,000 Lawyers Title Ins
Knight Properties Llc -- Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pachelo Michael D $73,055
Open Pachelo Michael D $256,000
Closed Pachelo Michael D $198,900
Closed Pachelo Michael D $180,000
Previous Owner Knight Robert B $180,000
Previous Owner Knight Robert B $22,500
Previous Owner Knight Robert B $144,000
Previous Owner Knight Properties Llc $18,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $203,100 +12.9% $96 / Sq Ft
03/08/2018 03/08/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $179,900 0.0% $85 / Sq Ft
02/16/2018 02/16/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $179,900 -- $85 / 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 $4,674 $238,030 -- --
2023 $4,536 $231,100 $0 $0
2022 $4,277 $224,370 $0 $0
2021 $4,154 $217,840 $0 $0
2020 $4,033 $211,500 $0 $0
2019 $3,891 $205,340 $0 $0
2018 $3,734 $0 $0 $0
2017 $3,370 $0 $0 $0
2016 $3,210 $0 $0 $0
2015 $3,234 $0 $0 $0
2014 $3,130 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 728927

Willamette Valley MLS

APN: 568327