NOT LISTED FOR SALE

2870 Lancaster Dr NE Unit 2890 Salem, OR 97305

North Lancaster Neighborhood

Estimated Value: $375,000 - $559,000

6 Beds
3 Baths
2,208 Sq Ft
$197/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $350,000 $159 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,708/month

About This Home

As of November 2021

Comp Data

Last Agent to Sell the Property

Patrick Mulhern Team

SMI REAL ESTATE License #201216883 Listed on: 11/05/2021

SMI REAL ESTATE

Last Buyer's Agent

Trevor Howard

SMI REAL ESTATE License #201236236

SMI REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,663

Year Built

  • Built in 1954

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • 2,208 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Community Details

  • 3 Units
  • 2870 Lancaster Dr Ne Community

Listing and Financial Details

  • Tax Lot 12

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,663

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Syndicated Remarks: Comp Data
  • Cross Street: Watson
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Price Per Sq Ft: 158.51
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 158.51

Utilities

  • Water: City
  • Sewer: City

Schools

  • High School: McKay

Lot Info

  • Acres: 0.18
  • Lot: 12
  • Price Per Acre: 1944444.44
  • Zoning: RM
  • Property Name: 2870 Lancaster Dr NE
  • Geo Subdivision: OR

Tax Info

  • Tax Account Number: R53568
  • Tax Amount: 2663

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Nov 16, 2021
Sold by
Oss Laura Ellen and Oss Donald Kelly
Bought by
Boomweerk Properties Llc
Seller's Agent
Patrick Mulhern Team
SMI REAL ESTATE
Buyer's Agent
Trevor Howard
SMI REAL ESTATE
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$435,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,086
Avg. Annual Appreciation
6.87%
Original Mortgage
$280,000
Outstanding Balance
$260,841
Interest Rate
2.99%
Mortgage Type
Commercial
Estimated Equity
$182,840

Purchase Details

Closed on
Feb 13, 2020
Sold by
Hoffman Janice M and Ritchey Reed G
Bought by
Hoffman Janice M and Ritchey Reed G

Purchase Details

Closed on
Aug 16, 2007
Sold by
Pyle Teddy R and Pyle Louise
Bought by
Pyle Teddy R and Pyle Louise
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
Boomweerk Properties Llc $350,000 Amerititle
Hoffman Janice M -- None Available
Pyle Teddy R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boomweerk Properties Llc $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $350,000 0.0% $159 / Sq Ft
11/05/2021 11/05/21 For Sale $350,000 -- $159 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
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 $3,188 $176,830 -- --
2023 $3,014 $171,680 $0 $0
2022 $2,848 $166,680 $0 $0
2021 $2,824 $161,830 $0 $0
2020 $2,745 $157,120 $0 $0
2019 $2,682 $152,550 $0 $0
2018 $2,719 $0 $0 $0
2017 $2,110 $0 $0 $0
2016 $1,986 $0 $0 $0
2015 $1,935 $0 $0 $0
2014 $1,717 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 786656

Willamette Valley MLS

APN: 553568