NOT LISTED FOR SALE

2328 State St Salem, OR 97301

Southeast Salem Neighborhood

Estimated Value: $385,000 - $468,235

6 Beds
3 Baths
2,892 Sq Ft
$145/Sq Ft Est. Value

Last Sold November 03, 2016

Last sale price $130,000 $45 Per Sq Ft

Est. 223% increase in value since last sale

Current estimated payment $2,520/month

51 Days on Market

Highlights

  • Waterfront
  • Covered patio or porch
  • High Speed Internet
  • Wood Flooring
  • Baseboard Heating
  • 5-minute walk to Mill Race Park

About This Home

As of November 2016

Charming turn of the century duplex for sale in downtown Salem. With dual zoning, this property can continue to be used as an income producing rental or converted into commercial space. Located in the heart of the State Street Corridor development area, the potential is unlimited! Featuring a newer roof and windows, full covered front porch and beautiful period interior finish work. The small partially fenced yard sits right on Mill Creek. This is an excellent investment opportunity.

Last Agent to Sell the Property

Jeff Richmond

EXP REALTY, LLC License #201210997 Listed on: 03/25/2016

Co-Listed By

Lexy Sanchez

EXP REALTY, LLC License #201213237

Last Buyer's Agent

ASHLEE MECHAM

BERKSHIRE HATHAWAY HOMESERVICES R E PROF License #201214730

BERKSHIRE HATHAWAY HOMESERVICES R E PROF

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,553

Year Built

  • Built in 1913

Lot Details

  • 3,920 Sq Ft Lot
  • Waterfront
  • Partially Fenced Property

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,892 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Electric Range

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Covered patio or porch
  • Flood Zone Lot

Listing and Financial Details

  • Legal Lot and Block 1 / 1

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $11
  • Insurance Expense $800
  • Trash Expense $32
  • Water Sewer Expense $100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,553

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Charming turn of the century duplex for sale in downtown Salem. With dual zoning, this property can continue to be used as an income producing rental or converted into commercial space. Located in the heart of the State Street Corridor development area, the potential is unlimited! Featuring a newer roof and windows, full covered front porch and beautiful period interior finish work. The small partially fenced yard sits right on Mill Creek. This is an excellent investment opportunity.
  • Cross Street: 23rd St SE
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Wood
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement: Full
  • Price Per Sq Ft: 44.95
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 48.37

Exterior Features

  • Patio: Covered Patio
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap
  • View: Water Frontage

Utilities

  • Heating: Electric, Baseboard
  • High Speed Comm Access: Present
  • Water: City
  • Water Heater: Electric
  • Electric: 11
  • Garbage: 32
  • Insurance: 800
  • Sewer: City
  • Water/Sewer: 100

Lot Info

  • Acres: 0.09
  • Flood Plain: Yes
  • Lot: 1
  • Price Per Acre: 1554444.44
  • Zoning: RM2
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R87265
  • Tax Account Number: R87265
  • Tax Amount: 2553

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2016
Closed on
Oct 21, 2016
Sold by
Decoster Marc and Decoster Terese Ls
Bought by
Kaufman Lance D
Seller's Agent
Jeff Richmond
EXP REALTY, LLC
Buyer's Agent
ASHLEE MECHAM
BERKSHIRE HATHAWAY HOMESERVICES R E PROF
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%
Total Days on Market
51
Current Estimated Value
$420,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,309
Avg. Annual Appreciation
14.54%
Original Mortgage
$104,000
Outstanding Balance
$84,758
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$333,641

Purchase Details

Closed on
Jun 19, 2012
Sold by
Decoster & Associates Inc
Bought by
Decoster Marc and Decoster Terese Ls

Purchase Details

Closed on
Jan 29, 2007
Sold by
Mann Beau and Hlavinka Mike
Bought by
Decoster & Associates Inc
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
Kaufman Lance D $130,000 Amerititle
Decoster Marc -- None Available
Decoster & Associates Inc $125,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaufman Lance D $104,000
Previous Owner Mann Beau $99,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2016 11/03/16 Sold $130,000 -7.1% $45 / Sq Ft
05/15/2016 05/15/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $139,900 -- $48 / 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 $3,477 $177,110 -- --
2023 $3,375 $171,960 $0 $0
2022 $3,182 $166,960 $0 $0
2021 $3,091 $162,100 $0 $0
2020 $3,001 $157,380 $0 $0
2019 $2,896 $152,800 $0 $0
2018 $2,947 $0 $0 $0
2017 $2,660 $0 $0 $0
2016 $2,533 $0 $0 $0
2015 $2,553 $0 $0 $0
2014 $2,470 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jeff Richmond

    EXP REALTY, LLC

  • L

    Seller Co-Listing Agent in 2016

    Lexy Sanchez

    EXP REALTY, LLC

  • ASHLEE MECHAM

    Buyer's Agent in 2016

    ASHLEE MECHAM

    BHHS Oregon- Professionals

    (503) 474-8006

    68 Total Sales

    ASHLEE MECHAM
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 701933

Willamette Valley MLS

APN: 587265

Oregon Marion County Salem 97301 Southeast Salem

2328 State St, Salem, OR

This home is located at 2328 State St, Salem, OR 97301 since 25 March 2016 and is currently estimated at $420,309, approximately $145 per square foot. This property was built in 1913. 2328 State St 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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