NOT LISTED FOR SALE

240 19th St SE Unit 242 Salem, OR 97301

Southeast Salem Neighborhood

Estimated Value: $370,174 - $397,000

4 Beds
2 Baths
1,588 Sq Ft
$241/Sq Ft Est. Value

Last Sold October 05, 2021

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

Est. 20% increase in value since last sale

Current estimated payment $2,401/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 Listed By

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%
Total Days on Market
64
Current Estimated Value
$383,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,294
Avg. Annual Appreciation
5.04%
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

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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
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

  • Andrea Beyer

    Seller's Agent in 2021

    Andrea Beyer

    COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    (503) 551-5320

    2 in this area

    120 Total Sales

    Andrea Beyer
    Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 779071

Willamette Valley MLS

APN: 568347

Oregon Marion County Salem 97301 Southeast Salem

240 19th St SE Unit 242, Salem, OR

This home is located at 240 19th St SE Unit 242, Salem, OR 97301 since 14 June 2021 and is currently estimated at $383,294, approximately $241 per square foot. This property was built in 1978. 240 19th St SE Unit 242 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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