NOT LISTED FOR SALE

240 19th St SE Unit 242 Salem, OR 97301

Southeast Salem Neighborhood

Estimated Value: $372,000 - $405,000

4 Beds
2 Baths
1,588 Sq Ft
$240/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $320,000 $202 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,329/month

64 Days on Market

Highlights

  • Shed
  • Dining Area
  • Carpet
  • Forced Air Heating System
  • Partially Fenced Property
  • 1-minute walk to Mill Race Park

About This Home

As of October 2021

Excellent investment Duplex! Walking distance to Willamette Law perfect for student housing opportunity, shopping and downtown! Long time tenant on one side, newer exterior paint, oversized garages, utilities in the garage.Nice off the main street location! With Full price offer Seller to replace roof and install new gutters.

Last Agent to Sell the Property

Andrea Beyer

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. License #900100236 Listed on: 06/14/2021

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,670

Year Built

  • Built in 1978

Lot Details

  • 5,227 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,588 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • Insurance Expense $487
  • Trash Expense $956
  • Water Sewer Expense $932
  • Operating Expense $4,197

Listing and Financial Details

  • Exclusions: Tenant property
  • Legal Lot and Block 1&2 / 5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,670

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Range Facility: Electric
  • Syndicated Remarks: Excellent investment Duplex! Walking distance to Willamette Law perfect for student housing opportunity, shopping and downtown! Long time tenant on one side, newer exterior paint, oversized garages, utilities in the garage. Nice off the main street location! With Full price offer Seller to replace roof and install new gutters.
  • Cross Street: Ferry/Trade
  • Miscellaneous: 932
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Exclusions: Tenant property
  • Negotiable Inclusions: Refrigerator
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 201.51
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 210.96

Exterior Features

  • Fenced Yard: Partial
  • Foundation: Continuous
  • Out Buildings: Shed
  • Roof: Composition

Utilities

  • Heating: Electric, Forced Air
  • High Speed Comm Access: Unknown
  • Water: Connected, City
  • Water Heater: Electric
  • Garbage: 956
  • Insurance: 487
  • Sewer: City
  • Water/Sewer: 932

Condo/Co-op/Association

  • Mgmt Acct: 1821

Lot Info

  • Acres: 0.12
  • Flood Plain: Unknown
  • Lot: 1&2
  • Lot Type: Dimension Above
  • Price Per Acre: 2791666.67
  • Zoning: RD
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 4197

Multi Family

  • Gross Sched Income: 17496

Tax Info

  • Tax Account Number: R68347
  • Tax Amount: 2670

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Sep 30, 2021
Sold by
Bakke Richard L and Bakke Suzanne R
Bought by
Labunsky Andrey
Seller's Agent
Andrea Beyer
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
List Price
$335,000
Sold Price
$320,000
Premium/Discount to List
-$15,000
-4.48%
Current Estimated Value
$376,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,395
Avg. Annual Appreciation
4.81%
Original Mortgage
$240,000
Outstanding Balance
$221,218
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$162,076

Purchase Details

Closed on
May 4, 2017
Sold by
Bakke Roger D and Bakke Mary F
Bought by
Bakke Richard L and Bakke Suzanne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,250
Interest Rate
4.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 22, 2010
Sold by
Bakke Mary F
Bought by
Bakke Roger D and Bakke Mary F
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Labunsky Andrey $320,000 Fidelity National Title
Bakke Richard L $155,250 None Available
Bakke Roger D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Labunsky Andrey $240,000
Previous Owner Bakke Richard L $155,250
Previous Owner Bakke Roger D $36,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2021 10/05/21 Sold $320,000 -4.5% $202 / Sq Ft
06/14/2021 06/14/21 For Sale $335,000 -- $211 / 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 $3,001 $152,870 -- --
2023 $2,913 $148,420 $0 $0
2022 $2,747 $144,100 $0 $0
2021 $2,668 $139,910 $0 $0
2020 $2,671 $135,840 $0 $0
2019 $2,577 $131,890 $0 $0
2018 $2,544 $0 $0 $0
2017 $2,296 $0 $0 $0
2016 $2,187 $0 $0 $0
2015 $2,203 $0 $0 $0
2014 $2,083 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 779071

Willamette Valley MLS

APN: 568347