NOT LISTED FOR SALE

3425 Cherry Ave NE Keizer, OR 97303

Estimated Value: $333,000 - $443,000

4 Beds
2 Baths
1,800 Sq Ft
$212/Sq Ft Est. Value

Last Sold January 21, 2021

Last sale price $360,000 $200 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,174/month

21 Days on Market

About This Home

As of January 2021

Investment Opportunity! Or Live in one and rent the other! Two Houses on one tax lot. Multi family / Duplex. FRONT HOUSE was fully updated end of 2019, 1112 sq ft 2 bed 1 bath with bonus room and loft. BACK HOUSE 2 bed 1 bath fully updated Jan 2020, 688 sq ft. with nice sized Storage Shed. Both units with fenced yards, large lot with lots of parking! May have potential to add a 3rd unit, Buyer to do Due-Diligence. Motivated Seller!

Last Agent to Sell the Property

Beata Miklos

SAVVY LANE License #201104030 Listed on: 12/16/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,647

Year Built

  • Built in 1928

Lot Details

  • 0.27 Acre Lot

Home Design

  • 1,800 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $893
  • Water Sewer Expense $690
  • Operating Expense $4,158
  • Net Operating Income $25,062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,647

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Syndicated Remarks: Investment Opportunity! Or Live in one and rent the other! Two Houses on one tax lot. Multi family / Duplex. FRONT HOUSE was fully updated end of 2019, 1112 sq ft 2 bed 1 bath with bonus room and loft. BACK HOUSE 2 bed 1 bath fully updated Jan 2020, 688 sq ft. with nice sized Storage Shed. Both units with fenced yards, large lot with lots of parking! May have potential to add a 3rd unit, Buyer to do Due-Diligence. Motivated Seller!
  • Miscellaneous: 602
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Source Of Sq Ft: Owner

Utilities

  • Insurance: 893
  • Water/Sewer: 690

Lot Info

  • Acres: 0.27
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 4158

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R25837
  • Tax Amount: 1647

Multi Family

  • Net Income: 25062
  • Gross Sched Income: 29220
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Jan 13, 2021
Sold by
Horn James W and Horn Dawn M
Bought by
Arellano Ricardo Zarco
Seller's Agent
Beata Miklos
SAVVY LANE
List Price
$380,000,000
Sold Price
$360,000
Premium/Discount to List
-$379,640,000
-99.91%
Current Estimated Value
$382,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,291
Avg. Annual Appreciation
1.24%

Purchase Details

Closed on
Sep 17, 2019
Sold by
Shared Vision Llc
Bought by
Horn Dawn M

Purchase Details

Closed on
Jul 16, 2019
Sold by
Brothers Judith A
Bought by
Shared Vision Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,900
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2002
Sold by
Jensen John Thomas and Jensen Donna Kaye
Bought by
Brothers Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arellano Ricardo Zarco -- First American
Arellano Ricardo Zarco $360,000 First American
Horn Dawn M -- None Available
Shared Vision Llc $184,000 Ticor Title
Brothers Judith A $77,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shared Vision Llc $183,900
Previous Owner Brothers Judith A $49,500
Closed Brothers Judith A $20,500
Closed Arellano Ricardo Zarco $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2021 01/21/21 Sold $360,000 -5.2% $200 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
12/23/2020 12/23/20 Price Changed $379,900 0.0% $211 / Sq Ft
12/17/2020 12/17/20 Price Changed $380,000 -99.9% $211 / Sq Ft
12/16/2020 12/16/20 For Sale $380,000,000 -- $211,111 / 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
2025 $1,950 $118,710 -- --
2024 $1,950 $115,260 -- --
2023 $1,856 $111,910 $0 $0
2022 $1,748 $108,660 $0 $0
2021 $1,693 $105,500 $0 $0
2020 $1,699 $102,430 $0 $0
2019 $1,632 $99,450 $0 $0
2018 $1,610 $0 $0 $0
2017 $1,444 $0 $0 $0
2016 $1,383 $0 $0 $0
2015 $1,399 $0 $0 $0
2014 $1,342 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Beata Miklos

    SAVVY LANE

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Map

Source: Willamette Valley MLS

MLS Number: 771988

Willamette Valley MLS

APN: 525837

Oregon Marion County Keizer 97303

3425 Cherry Ave NE, Keizer, OR

Not Listed for Sale

MultiFamily

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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