$699,000
SOLD SEP 29, 2023

3446 Hadley St NE Unit 3462 Salem, OR 97301

Northgate Neighborhood
-- Bed
-- Bath
3,136 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$223 Per Sq Ft

5 Days on Market

Highlights

  • Waterfront
  • High Speed Internet
  • Level Lot
  • Baseboard Heating

About This Home

As of September 2023

Hard to find 4-plex that looks and feels like a newer building. Entire building was extensively remodeled and updated in 2014. Vinyl windows, roof & vinyl siding. Interior has newer carpet, vinyl & cabinetry. Professionally managed, landscaped and well cared for property. One unit left vacant for showings or possibly for owner occupant buyer.

Last Agent to Sell the Property

Calvin Hoang

MORE Realty Brokerage Phone: 971-331-3999 License #201217645 Listed on: 08/25/2023

MORE Realty

Last Buyer's Agent

Sean Keene

Reger Homes, LLC License #200612050

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,995

Year Built

  • Built in 1971

Lot Details

  • Waterfront
  • Level Lot

Parking

  • 4 Car Garage
  • Carport

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property

Schools

  • Waldo Middle School
  • North Salem High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes electricity, heat, sewer, trashcollection, water
  • Assessor Parcel Number 590251

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $8,000
  • Gross Income $58,000
  • Net Operating Income $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,995

Year Built

Built in 1971

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1971
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: None
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: VinylSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Waterfront: Yes
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Waterfront Features: Other
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Carport, Paved
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Other
  • High School: North Salem
  • Middle Or Junior School: Waldo

Lot Info

  • Zoning: RM2
  • Parcel #: 590251

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Heat, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4995.02

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.05
  • Annual Gross Income: 58000.0
  • Property Net Operating Income: 50000.0
  • Annual Operating Expense: 8000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Sep 26, 2023
Sold by
Nguyen Tai Nhut and Le Tran Thi
Bought by
San Agustin Rebecca and San Agustin Kyle
Seller's Agent
Calvin Hoang
MORE Realty
Buyer's Agent
Sean Keene
Reger Homes, LLC
List Price
$699,000
Sold Price
$699,000
Views
17
Current Estimated Value
$683,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,897
Avg. Annual Appreciation
1.25%
Original Mortgage
$524,250
Outstanding Balance
$516,257
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$198,472

Purchase Details

Listed on
Feb 28, 2022
Closed on
Apr 12, 2022
Sold by
Davis Jonathan P
Bought by
Nguyen Tai Nhut and Le Huyen Thi
Seller's Agent
Levi Wilson
NED BAKER REAL ESTATE
List Price
$575,000
Sold Price
$650,000
Premium/Discount to List
$75,000
13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Original Mortgage
$487,500
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2020
Sold by
Verbeerst Christine Louise
Bought by
Boost Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2013
Sold by
Verbeerst Christine
Bought by
The Verbeerst Revocable Living Trust

Purchase Details

Closed on
Jan 12, 2006
Sold by
Arg Investments Inc
Bought by
Verbeerst Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 11, 2005
Sold by
Delgado Jose A
Bought by
Arg Investments Inc

Purchase Details

Closed on
Jan 22, 2004
Sold by
Sanchez Nicolos T
Bought by
Delgado Jose A

Purchase Details

Closed on
Nov 5, 2003
Sold by
Delgado Jose and Delgado Maria
Bought by
Sanchez Nicolos T
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 Type Sale Price Title Company
Warranty Deed $699,000 Lawyers Title
Warranty Deed $650,000 Amerititle
Warranty Deed $360,000 Amerititle
Special Warranty Deed -- None Available
Warranty Deed $240,000 First American
Bargain Sale Deed $145,000 --
Bargain Sale Deed -- --
Bargain Sale Deed $190,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $524,250 New Conventional
Previous Owner $487,500 New Conventional
Previous Owner $328,500 New Conventional
Previous Owner $325,000 Commercial
Previous Owner $195,000 New Conventional
Previous Owner $168,000 Fannie Mae Freddie Mac
Previous Owner $72,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $699,000 0.0% $223 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $699,000 +7.5% $223 / Sq Ft
04/14/2022 04/14/22 Sold $650,000 +13.0% $207 / Sq Ft
02/28/2022 02/28/22 For Sale $575,000 -- $183 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $5,295 $269,670 -- --
2023 $5,139 $261,820 $0 $0
2022 $4,845 $254,200 $0 $0
2021 $4,707 $246,800 $0 $0
2020 $4,711 $239,620 $0 $0
2019 $4,545 $232,650 $0 $0
2018 $4,487 $0 $0 $0
2017 $4,050 $0 $0 $0
2016 $3,858 $0 $0 $0
2015 $3,887 $0 $0 $0
2014 $3,742 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23029391

Regional Multiple Listing Service (RMLS)

APN: 590251