NOT LISTED FOR SALE

2231 Townsend Way SE Unit 2235 Salem, OR 97301

Southeast Salem Neighborhood

Estimated Value: $399,000 - $438,000

2 Beds
2 Baths
1,896 Sq Ft
$217/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $380,000 $200 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,494/month

15 Days on Market

Highlights

  • Waterfront
  • Wood Flooring
  • Patio
  • 0.26 Acre Lot
  • Fenced Yard
  • 3-minute walk to Lee Park

About This Home

As of December 2021

Affordable investment opportunity with water frontage! Well-kept duplex with two-story, 2 bedroom/ 1 bathroom units on each side. Close to downtown and services. Solid rental history with extremely low vacancy. Units are in high demand. Each unit has a fenced yard. Carport for each unit. Unit 2231 has updated engineered hardwood flooring and new vinyl in the bathroom. Refrigerators in both & W/D in unit 2231 are included.

Last Agent to Sell the Property

Nicole Shuba

MANOR REALTY License #200508130 Listed on: 10/19/2021

Last Buyer's Agent

Peter Fricke

iHOMES License #201216806

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,840

Year Built

  • Built in 1975

Lot Details

  • 0.26 Acre Lot
  • Waterfront
  • Fenced Yard
  • Landscaped

Home Design

  • Duplex
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 2 Bathrooms
  • 1,896 Sq Ft Home
  • Dining Area
  • Washer and Dryer

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Patio
  • Flood Zone Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: W/D in unit 2235, tenant pty
  • Tax Lot 2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,840

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Affordable investment opportunity with water frontage! Well-kept duplex with two-story, 2 bedroom/ 1 bathroom units on each side. Close to downtown and services. Solid rental history with extremely low vacancy. Units are in high demand. Each unit has a fenced yard. Carport for each unit. Unit 2231 has updated engineered hardwood flooring and new vinyl in the bathroom. Refrigerators in both & W/D in unit 2231 are included.
  • Cross Street: 22nd St SE
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: W/D in unit 2235, tenant pty
  • Negotiable Inclusions: Frig in each unit, W/D in 2231
  • Flooring: Carpet, Laminate, Tile, Vinyl, Wood
  • Total Bathrooms: 2
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup, W/D Included
  • Price Per Sq Ft: 200.42
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 192.51

Exterior Features

  • Patio: Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding Style: T111
  • View: Water Frontage

Utilities

  • Heating: Electric, Window Unit (AC), Baseboard
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Lot Info

  • Acres: 0.26
  • Estimated Lot Sq Ft: 11326
  • Flood Plain: Yes
  • Lot: 2
  • Price Per Acre: 1403846.15
  • Zoning: RD
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R67303
  • Tax Account Number: R67303
  • Tax Amount: 2840

Multi Family

  • Gross Sched Income: 22740
  • Unit Types: Town Home
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
Dec 15, 2021
Sold by
Stebbins Emily S and Crocker Emily S
Bought by
Merrill Dawn Marie
Seller's Agent
Nicole Shuba
MANOR REALTY
Buyer's Agent
Peter Fricke
iHOMES
List Price
$365,000
Sold Price
$380,000
Premium/Discount to List
$15,000
4.11%
Current Estimated Value
$406,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,975
Avg. Annual Appreciation
2.18%
Original Mortgage
$304,000
Outstanding Balance
$282,387
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$128,724

Purchase Details

Listed on
Jul 15, 2017
Closed on
Sep 30, 2017
Sold by
Houston Jesse J and Houston Shari L
Bought by
Crocker Emily S
Seller's Agent
Erin Shaw
HOMESTAR BROKERS
Buyer's Agent
Nicole Shuba
MANOR REALTY
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.22%
Original Mortgage
$191,468
Interest Rate
3.82%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 2015
Sold by
Gillar Alena
Bought by
Houston Jesse J and Houston Shari L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2014
Sold by
Gillar Alena
Bought by
Gillar Alena and Alena Gillar Trust

Purchase Details

Closed on
Dec 23, 2004
Sold by
Carter Daniel
Bought by
Gillar Alena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,160
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2001
Sold by
High Michael
Bought by
Dz Investment Group
Source: Public Records

Range of Values:

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Average Value
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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
Merrill Dawn Marie $380,000 Fidelity National Title
Crocker Emily S $195,000 Fidelity Natl Title Co Of Or
Houston Jesse J $148,000 Ticor Title
Gillar Alena -- None Available
Gillar Alena $135,200 Ticor Title
Dz Investment Group -- Oregon Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Merrill Dawn Marie $0
Open Merrill Dawn Marie $304,000
Previous Owner Crocker Emily S $186,305
Previous Owner Crocker Emily S $191,468
Previous Owner Houston Jesse J $111,000
Previous Owner Gillar Alena $80,000
Previous Owner Gillar Alena $108,160
Closed Gillar Alena $27,040
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $380,000 +4.1% $200 / Sq Ft
10/19/2021 10/19/21 For Sale $365,000 +87.2% $193 / Sq Ft
10/06/2017 10/06/17 Sold $195,000 -2.5% $103 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
07/15/2017 07/15/17 For Sale $199,900 -- $105 / 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 $3,192 $162,570 -- --
2023 $3,098 $157,840 $0 $0
2022 $2,921 $153,250 $0 $0
2021 $2,838 $148,790 $0 $0
2020 $1,636 $144,460 $0 $0
2019 $1,579 $140,260 $0 $0
2018 $2,705 $0 $0 $0
2017 $2,442 $0 $0 $0
2016 $2,326 $0 $0 $0
2015 $2,343 $0 $0 $0
2014 $2,268 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nicole Shuba

    Seller's Agent in 2021

    Nicole Shuba

    MANOR REALTY

    (503) 949-6616

    2 in this area

    188 Total Sales

    Section Image
  • Peter Fricke

    Buyer's Agent in 2021

    Peter Fricke

    iHOMES

    (541) 760-6607

    4 in this area

    76 Total Sales

    Section Image
  • Erin Shaw

    Seller's Agent in 2017

    Erin Shaw

    HOMESTAR BROKERS

    (503) 931-3088

    1 in this area

    121 Total Sales

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 785090

Willamette Valley MLS

APN: 567303

Oregon Marion County Salem 97301 Southeast Salem

2231 Townsend Way SE Unit 2235, Salem, OR

This home is located at 2231 Townsend Way SE Unit 2235, Salem, OR 97301 since 19 October 2021 and is currently estimated at $411,771, approximately $217 per square foot. This property was built in 1975. 2231 Townsend Way SE Unit 2235 is a home located in Marion County with nearby schools including Richmond Elementary School, Leslie Middle School, and South 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.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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