NOT LISTED FOR SALE

4207 Weathers St NE Salem, OR 97301

East Lancaster Neighborhood

Estimated Value: $377,000 - $447,000

5 Beds
2 Baths
1,917 Sq Ft
$221/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $412,000 $215 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,602/month

6 Days on Market

Highlights

  • Living Room with Fireplace
  • Fenced Yard
  • Forced Air Heating System
  • Territorial View
  • Patio
  • 2-minute walk to Weathers Street Park

About This Home

As of January 2023

Incredible investment opportunity! Duplex on corner lot in East Lancaster area of Salem. 2 Units; 3 beds/1 bath and 2 beds/1 bath. Both units feature a wood burning fireplace in living rooms, kitchen with all appliances, indoor laundry, sliding doors to fenced backyard with individual patios. Attached 1-car garage for each unit. Perfect location w easy I-5 access, plenty of nearby restaurants, shopping. Across from neighborhood park.

Last Agent to Sell the Property

Rick Sadle

KELLER WILLIAMS REALTY PROFESSIONALS License #200505274 Listed on: 12/13/2022

KELLER WILLIAMS REALTY PROFESSIONALS

Co-Listed By

Nolan LaFollette

KELLER WILLIAMS REALTY PROFESSIONALS License #201243129

Last Buyer's Agent

Cory Carlson

CONSTANT COMMERCIAL REAL ESTATE INC License #201226331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,691

Year Built

  • Built in 1979

Lot Details

  • 8,436 Sq Ft Lot
  • Fenced Yard

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,917 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Territorial Views
  • Washer and Dryer

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 3 / 11

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,000
  • Net Operating Income $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,691

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Dual Living: Possible
  • Range Facility: Microwave Included, Range Included
  • Syndicated Remarks: Incredible investment opportunity! Duplex on corner lot in East Lancaster area of Salem. 2 Units; 3 beds/1 bath and 2 beds/1 bath. Both units feature a wood burning fireplace in living rooms, kitchen with all appliances, indoor laundry, sliding doors to fenced backyard with individual patios. Attached 1-car garage for each unit. Perfect location w easy I-5 access, plenty of nearby restaurants, shopping. Across from neighborhood park.
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Fireplace: Living Room, Wood
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Dining Room: Area (Combination)
  • Laundry: W/D Included
  • Price Per Sq Ft: 214.92
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 208.14

Exterior Features

  • Patio: Patio
  • Exterior Color: Cream
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Wood
  • View: Territorial

Utilities

  • Heating: Gas, Forced Air
  • Water: City
  • Water Heater: Gas
  • Sewer: City

Schools

  • Elementary School: Swegle
  • Middle School: Waldo
  • High School: McKay

Lot Info

  • Acres: 0.19
  • Estimated Lot Sq Ft: 8436
  • Lot: 3
  • Lot Type: Dimension Above
  • Price Per Acre: 2100000
  • Zoning: RS
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 3000

Multi Family

  • Net Income: 1500
  • Gross Sched Income: 1500
  • Unit Types: Quad/Shared
  • Number Of Units: 2

Tax Info

  • Tax Account Number: 576548
  • Tax Amount: 2691

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2022
Closed on
Jan 26, 2023
Sold by
Beacon Home Investments Llc
Bought by
Lwai Kimberly Anne
Seller's Agent
Rick Sadle
KELLER WILLIAMS REALTY PROFESSIONALS
Buyer's Agent
Cory Carlson
CONSTANT COMMERCIAL REAL ESTATE INC
List Price
$399,000
Sold Price
$412,000
Premium/Discount to List
$13,000
3.26%
Views
93
Current Estimated Value
$423,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,546
Avg. Annual Appreciation
1.09%
Original Mortgage
$348,500
Outstanding Balance
$337,908
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$85,638

Purchase Details

Closed on
Nov 28, 2022
Sold by
Baldwin Mary J
Bought by
Beacon Home Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,500
Outstanding Balance
$337,908
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$85,638
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
Lwai Kimberly Anne $412,000 Ticor Title
Beacon Home Investments Llc $250,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lwai Kimberly Anne $348,500
Previous Owner Beacon Home Investments Llc $265,000
Previous Owner Baldwin Mary J $124,800
Previous Owner Baldwin Mary J $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $412,000 +3.3% $215 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
12/13/2022 12/13/22 For Sale $399,000 -- $208 / 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 $3,529 $179,730 -- --
2023 $3,425 $174,500 $0 $0
2022 $2,770 $169,420 $0 $0
2021 $2,691 $164,490 $0 $0
2020 $2,694 $137,020 $0 $0
2019 $2,599 $133,030 $0 $0
2018 $2,566 $0 $0 $0
2017 $2,316 $0 $0 $0
2016 $2,206 $0 $0 $0
2015 $2,222 $0 $0 $0
2014 $2,151 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rick Sadle

    Seller's Agent in 2023

    Rick Sadle

    KELLER WILLIAMS REALTY PROFESSIONALS

    (503) 828-9551

    1 in this area

    419 Total Sales

    Rick Sadle
    Section Image
  • Nolan LaFollette

    Seller Co-Listing Agent in 2023

    Nolan LaFollette

    KELLER WILLIAMS REALTY PROFESSIONALS

    (971) 337-0806

    1 in this area

    71 Total Sales

    Nolan LaFollette
    Section Image
  • Cory Carlson

    Buyer's Agent in 2023

    Cory Carlson

    CONSTANT COMMERCIAL REAL ESTATE INC

    (503) 686-1896

    2 in this area

    56 Total Sales

    Cory Carlson
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 800367

Willamette Valley MLS

APN: 576548

Oregon Marion County Salem 97301 East Lancaster

4207 Weathers St NE, Salem, OR

This home is located at 4207 Weathers St NE, Salem, OR 97301 since 13 December 2022 and is currently estimated at $423,546, approximately $220 per square foot. This property was built in 1979. 4207 Weathers St NE is a home located in Marion County with nearby schools including Swegle Elementary School, Waldo 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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