NOT LISTED FOR SALE

3517 Silverstone (-3537) Dr NE Salem, OR 97305

Hayesville Neighborhood
14 Beds
-- Bath
7,168 Sq Ft
0.38 Acres

Last Sold February 05, 2018

Last sale price $815,000 $114 Per Sq Ft

Highlights

  • 0.38 Acre Lot
  • High Speed Internet
  • Wood Siding
  • Patio
  • Dining Area
  • Carpet

About This Home

As of February 2018

Seven units with seven detached garages. Fully occupied, primarily with long term Tenants. Units have been well maintained and in great condition. Long term Tenants have rents well below market rates ($750/month on average). Vacant unit was on the market for one day and leased up at $1,145/month. Please do not disturb tenants. Contact listing broker for additional information.

Last Agent to Sell the Property

AJ Nash

TRADITION REAL ESTATE PARTNERS License #201208908 Listed on: 11/06/2017

Last Buyer's Agent

Phil Bailey

LEGACY REAL ESTATE License #201219039

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,084

Year Built

  • Built in 1987

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 80' x 160'

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 14 Bedrooms
  • 7,168 Sq Ft Home
  • Dining Area
  • Dishwasher
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Outdoor Features

  • Patio

Utilities

  • Heating Available
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 16.03 / 3

Community Details

Overview

  • 7 Units
  • 3517 3537 Silverstone Dr Community

Building Details

  • Insurance Expense $2,599
  • Trash Expense $1,471
  • Water Sewer Expense $3,038
  • Operating Expense $26,475
  • Net Operating Income $69,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,084

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: Seven units with seven detached garages. Fully occupied, primarily with long term Tenants. Units have been well maintained and in great condition. Long term Tenants have rents well below market rates ($750/month on average). Vacant unit was on the market for one day and leased up at $1,145/month. Please do not disturb tenants. Contact listing broker for additional information.
  • Cross Street: HWY 213
  • Miscellaneous: 2500
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate
  • Total Bedrooms: 14
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 113.7
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 122.07

Exterior Features

  • Patio: Patio
  • Exterior Color: Beige
  • Roof: Composition
  • Siding: Wood

Utilities

  • Heating: Electric
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Garbage: 1471
  • Insurance: 2599
  • Sewer: City
  • Water/Sewer: 3038

Condo/Co-op/Association

  • Mgmt Acct: 5771

Schools

  • Elementary School: Scott
  • Middle School: Adam Stephens
  • High School: McKay

Lot Info

  • Acres: 0.38
  • Estimated Lot Dimensions: 80' x 160'
  • Estimated Lot Sq Ft: 16587
  • Lot: 16.03
  • Price Per Acre: 2302631.58
  • Zoning: RM
  • Property Name: 3517-3537 Silverstone Dr
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 26475

Multi Family

  • Net Income: 69705
  • Gross Sched Income: 96180
  • Unit Types: Town Home
  • Number Of Units: 7

Tax Info

  • Tax Account Number: R60169
  • Tax Amount: 6084

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2018 02/05/18 Sold $815,000 -6.9% $114 / Sq Ft
11/22/2017 11/22/17 For Sale $875,000 0.0% $122 / Sq Ft
11/22/2017 11/22/17 Price Changed $875,000 0.0% $122 / Sq Ft
11/06/2017 11/06/17 For Sale $875,000 -- $122 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • AJ Nash

    Seller's Agent in 2018

    AJ Nash

    TRADITION REAL ESTATE PARTNERS

    (503) 559-9279

    109 Total Sales

    AJ Nash
    Section Image
  • Phil Bailey

    Buyer's Agent in 2018

    Phil Bailey

    LEGACY REAL ESTATE

    (503) 779-6967

    2 in this area

    45 Total Sales

    Phil Bailey
    Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 726325

Willamette Valley MLS
Oregon Marion County Salem 97305 Hayesville

3517 Silverstone (-3537) Dr NE, Salem, OR

This home is located at 3517 Silverstone (-3537) Dr NE, Salem, OR 97305 since 06 November 2017. This property was built in 1987. 3517 Silverstone (-3537) Dr NE is a home located in Marion County with nearby schools including Lamb Elementary School, Stephens Middle School, and McKay 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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