NOT LISTED FOR SALE

3293 Edward Dr SE Salem, OR 97302

Morningside Neighborhood

Estimated Value: $591,000 - $748,000

8 Beds
6 Baths
4,464 Sq Ft
$154/Sq Ft Est. Value

Last Sold February 01, 2019

Last sale price $541,000 $121 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,196/month

9 Days on Market

Highlights

  • Deck
  • Cul-De-Sac
  • Baseboard Heating
  • Covered Patio or Porch
  • Landscaped
  • High Speed Internet

About This Home

As of February 2019

Fully Occupied 4-Plex centrally located in South Salem! Large 2 bedroom, 1.5 bath, 1116 SF townhouse style units. Each unit includes laundry hookups & a single car garage. Ideal location just minutes to downtown, Willamette University, Salem Hospital & I-5. Morningside, Leslie & South Salem School districts. Property sits on a low traffic street with a private treed setting, bordering Pringle Creek. Just a short walk to Gilgamesh Brewery! 2 Units have been updated throughout in the past 4 years.

Last Agent to Sell the Property

Jordan Sparks

SMI REAL ESTATE License #200610098 Listed on: 12/03/2018

SMI REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,087

Year Built

  • Built in 1976

Lot Details

  • 9,738 Sq Ft Lot
  • Lot Dimensions are 132x74
  • Cul-De-Sac
  • Partially Fenced Property
  • Landscaped

Home Design

  • Quadruplex
  • Shingle Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 4,464 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 28 / 2

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $2,400
  • Water Sewer Expense $3,600
  • Operating Expense $17,087
  • Net Operating Income $33,896

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,087

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Home Warranty: Negotiable
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Fully Occupied 4-Plex centrally located in South Salem! Large 2 bedroom, 1.5 bath, 1116 SF townhouse style units. Each unit includes laundry hookups & a single car garage. Ideal location just minutes to downtown, Willamette University, Salem Hospital & I-5. Morningside, Leslie & South Salem School districts. Property sits on a low traffic street with a private treed setting, bordering Pringle Creek. Just a short walk to Gilgamesh Brewery! 2 Units have been updated throughout in the past 4 years.
  • Cross Street: Salishan
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 121.19
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 123.21

Exterior Features

  • Patio: Covered Patio, Deck, Patio
  • Exterior Color: Beige
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Shingle
  • Siding: Wood
  • Siding Style: Lap

Utilities

  • Heating: Electric, Baseboard
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Insurance: 1200
  • Sewer: City
  • Water/Sewer: 3600

Condo/Co-op/Association

  • Maintenance: 2400
  • Mgmt Acct: 3000

Schools

  • Elementary School: Morningside
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Acres: 0.22
  • Estimated Lot Dimensions: 132x74
  • Estimated Lot Sq Ft: 9738
  • Lot: 28
  • Lot Type: Cul-De-Sac
  • Price Per Acre: 2500000
  • Zoning: RM
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 17087

Multi Family

  • Net Income: 33896
  • Gross Sched Income: 52560
  • Unit Types: Town Home
  • Number Of Units: 4

Tax Info

  • Tax Account Number: R80373
  • Tax Amount: 5087

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2018
Closed on
Feb 1, 2019
Sold by
Graham Derek L and Graham Amy Delene
Bought by
Martinez Luis Martinez
Seller's Agent
Jordan Sparks
SMI REAL ESTATE
List Price
$550,000
Sold Price
$541,000
Premium/Discount to List
-$9,000
-1.64%
Current Estimated Value
$687,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,000
Avg. Annual Appreciation
4.34%
Original Mortgage
$394,930
Outstanding Balance
$352,678
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$364,989

Purchase Details

Closed on
Aug 17, 2016
Sold by
Graham Derek L
Bought by
Graham Derek L and Graham Amy Delene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.41%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 14, 2014
Sold by
Kays William K and Kays Yvonne E
Bought by
Graham Derek L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,835
Interest Rate
4.47%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 9, 2010
Sold by
Kays William K and Kays William Keith
Bought by
Kays William K and Kays Yvonne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,500
Interest Rate
4.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2006
Sold by
Pierce Michael R and Victores Pierce Michelle A
Bought by
Kays William Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2005
Sold by
Clifford George C and Clifford Brenda L
Bought by
Pierce Michael R and Victores Pierce Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
1.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 19, 2002
Sold by
Powers Dixie Balch
Bought by
Clifford George C and Clifford Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
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
Martinez Luis Martinez $41,000 Amerititle
Graham Derek L -- Ticor Title
Graham Derek L $254,900 Fidelity Natl Title Co Of Or
Kays William K -- Fidelity Natl Title Co Of Or
Kays William Keith $276,000 Fidelity Natl Title Co Of Or
Pierce Michael R $230,000 Fidelity Natl Title Co Of Or
Clifford George C $178,500 Key Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Luis Martinez $394,930
Previous Owner Graham Derek L $90,000
Previous Owner Graham Derek L $228,835
Previous Owner Kays William K $210,500
Previous Owner Kays William Keith $207,000
Previous Owner Pierce Michael R $184,000
Previous Owner Clifford George C $142,800
Closed Clifford George C $35,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2019 02/01/19 Sold $541,000 -1.6% $121 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
12/03/2018 12/03/18 For Sale $550,000 -- $123 / 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 $6,651 $338,740 -- --
2023 $6,455 $328,880 $0 $0
2022 $6,086 $319,310 $0 $0
2021 $5,912 $310,010 $0 $0
2020 $5,740 $300,990 $0 $0
2019 $5,538 $292,230 $0 $0
2018 $5,636 $0 $0 $0
2017 $5,087 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan Sparks

    Seller's Agent in 2019

    Jordan Sparks

    SMI REAL ESTATE

    (541) 646-0650

    3 in this area

    86 Total Sales

    Jordan Sparks
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Map

Source: Willamette Valley MLS

MLS Number: 742236

Willamette Valley MLS

APN: 580373

Oregon Marion County Salem 97302 Morningside

3293 Edward Dr SE, Salem, OR

This home is located at 3293 Edward Dr SE, Salem, OR 97302 since 03 December 2018 and is currently estimated at $687,000, approximately $153 per square foot. This property was built in 1976. 3293 Edward Dr SE is a home located in Marion County with nearby schools including Morningside 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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