NOT LISTED FOR SALE
10 Beds
10 Baths
4,150 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: August 10, 2021

Last sale price $880,000 $212 Per Sq Ft

6 Days on Market

Highlights

  • Waterfront
  • Views
  • Level Lot
  • Air Conditioning
  • Washer and Dryer
  • 4-minute walk to Mill Race Park

About This Home

As of August 2021

Rare and exceptional investment property opportunity in prime location near downtown! This 5-unit multifamily property is 100% turn-key & needs nothing! New roof, water heaters in all units, and fence along back all done in 2021. All units come with full kitchen appliance packages AND washer & dryer. Parking for 8 cars including 1 handicap space. Mostly long term tenants in place ranging from 1+ year to 20+ years occupancy. Offers significant rental income upside as it is well below market rent.

Last Agent to Sell the Property

Evan Nelson

eXp Realty, LLC License #201206804 Listed on: 07/16/2021

eXp Realty, LLC

Last Buyer's Agent

Laura Gillott

Keller Williams Realty Mid-Willamette License #920300248

Keller Williams Realty Mid-Willamette
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000 | Remodeled

Lot Details

  • Waterfront
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Dishwasher
  • Washer and Dryer
  • Property Views

Location

  • Flood Zone Lot

Utilities

  • Air Conditioning
  • Electric Water Heater

Community Details

  • 5 Units

Listing and Financial Details

  • Rent includes electricity, trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 2000 | Remodeled

Lot Details

0.26 Acres

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 4150
  • Stories: 2
  • Year Built: 2000
  • Property Condition: Updated/Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: ACRES 0.26
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: Creek/Stream
  • Waterfront Description: Creek
  • Waterfront: Yes
  • Water Name: Mill Creek
  • Foundation Details: Concrete Perimeter
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Heat Pump
  • Heating Description: Mini Split

Condo/Co-op/Association

  • Unit Features: Dishwasher, Refrigerator, Washer/Dryer, Air Conditioning

Lot Info

  • Lot Description: Level, Flood Zone
  • Zoning: RM2

Rental Info

  • Rent Includes: Electricity, Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 7937.79
  • Assessor Parcel Number: R27611
  • Tax Year: 2020

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 14.44

MLS Schools

  • Elementary School: Richmond
  • High School: South Salem
  • Middle School: Leslie

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
Jul 16, 2021
Closed on
Aug 10, 2021
Sold by
Sayyah Scott A and Sayyah Nathan D
Bought by
Seller's Agent
Evan Nelson
eXp Realty, LLC
Buyer's Agent
Laura Gillott
Keller Williams Realty Mid-Willamette
List Price
$875,000
Sold Price
$880,000
Premium/Discount to List
$5,000
0.57%

Purchase Details

Listed on
Aug 12, 2020
Closed on
Jan 23, 2021
Sold by
Sky Warrior Management Llc
Bought by
Sayyah Scott A and Sayyah Nathan D
Seller's Agent
Liz Puffenbarger
Roots Real Estate Collective LLC.
Buyer's Agent
Liz Puffenbarger
Roots Real Estate Collective LLC.
List Price
$650,000
Sold Price
$595,000
Premium/Discount to List
-$55,000
-8.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
109.26%
Original Mortgage
$446,250
Interest Rate
2.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2015
Sold by
Puffenbarger Harold E and Puffenbarger Kathleen A
Bought by
Sky Warrior Management Llc

Purchase Details

Closed on
Sep 3, 2014
Sold by
Puffenbarger Kathleen A and Puffenbarger Harold E
Bought by
Sky Warrior Management Llc

Purchase Details

Closed on
Jan 10, 2007
Sold by
Puffenbarger Kathleen A
Bought by
Puffenbarger Harold E and Hepkap Trust

Purchase Details

Closed on
Jun 28, 2001
Sold by
Basic Homes Inc
Bought by
Puffenbarger Harold E and Puffenbarger Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.14%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Southeast Salem, OR

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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
$880,000 Multiple
Sayyah Scott A $595,000 Amerititle
Sky Warrior Management Llc -- None Available
Sky Warrior Management Llc -- None Available
Puffenbarger Harold E -- None Available
Puffenbarger Harold E -- Amerititle
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
Previous Owner $446,250
Previous Owner Puffenbarger Harold E $225,000
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 Prior Sale
08/10/2021 08/10/21 Sold $880,000 +0.6% $212 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $875,000 +47.1% $211 / Sq Ft
01/29/2021 01/29/21 Sold $595,000 -8.5% $119,000 / Sq Ft View Prior Sale
12/04/2020 12/04/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $650,000 -- $130,000 / 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 $9,198 $482,510
2024 $9,198 $468,460
2023 $8,927 $454,820 $0 $0
2022 $8,417 $441,580 $0 $0
2021 $8,176 $428,720 $0 $0
2020 $8,183 $416,240 $0 $0
2019 $7,659 $404,120 $0 $0
2018 $7,794 $0 $0 $0
2017 $7,035 $0 $0 $0
2016 $6,700 $0 $0 $0
2015 $6,751 $0 $0 $0
2014 $6,533 $0 $0 $0
Source: Public Records

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21429069

Regional Multiple Listing Service (RMLS)

APN: 073W26DB00100

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