Amazing opportunity to own a newer fourplex. All units are large with 3 bedrooms and 2 bathrooms. The units are individually metered and could be split off into SFR or condo (buyer to verify). Solid rents with room for increases.
Last Agent to Sell the Property
Steve Villmann
HOMESMART REALTY GROUPLicense #921200186Listed on: 08/16/2019
Syndicated Remarks: Amazing opportunity to own a newer fourplex. All units are large with 3 bedrooms and 2 bathrooms. The units are individually metered and could be split off into SFR or condo (buyer to verify). Solid rents with room for increases.
Cross Street: Ward
Miscellaneous: 100
Year Built: 2003
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Dishwasher: Yes
Disposal: Yes
Exclusions: Tenant owned personal property
Negotiable Inclusions: Seller owned appliances
Refrigerator: Refrigerator Included
Flooring: Carpet, Laminate, Vinyl
Total Bathrooms: 8
Total Bedrooms: 12
Dining Room: Area (Combination)
Laundry: W/D Included
Price Per Sq Ft: 130.09
Source Of Sq Ft: County
Price Per Sq Ft: 134.2
Exterior Features
Patio: Patio
Exterior Color: White
Fenced Yard: Partial
Foundation: Continuous
Landscape: Yes
Roof: Composition
Siding Style: Lap
View: Territorial
Utilities
Heating: Electric, Zonal
High Speed Comm Access: Available
Water: City
Water Heater: Electric
Garbage: 1344
Insurance: 984
Sewer: City
Water/Sewer: 2400
Condo/Co-op/Association
Maintenance: 3124
Mgmt Acct: 2604
Schools
Elementary School: Yoshikai
Middle School: Adam Stephens
High School: McKay
Lot Info
Acres: 0.22
Estimated Lot Dimensions: 78X123
Estimated Lot Sq Ft: 9396
Flood Plain: Unknown
Lot: 1
Lot Type: Dimension Above
Price Per Acre: 2818181.82
Zoning: RM
Property Use Type: Investment
Geo Subdivision: OR
Rental Info
Total Expenses: 15979
Multi Family
Additional Land Available: 51572
Net Income: 35593
Gross Sched Income: 52080
Unit Types: Town Home
Number Of Units: 4
Tax Info
Tax Account Number: R22360
Tax Amount: 5591
Ownership History
DateNameOwned ForOwner Type
Dec 2023 - PresentPerez Julio Cesar Lara and Vazquez Yeny Lagos1 Year and 6 Months
Private Individual
Purchase Details
Closed on
Dec 4, 2023
Sold by
Bailey Ridge Home Llc
Bought by
Perez Julio Cesar Lara and Vazquez Yeny Lagos
Current Estimated Value
$927,245
Jan 2020 - Dec 2023Bailey Ridge Home Llc3 Years and 11 Months
Company
Purchase Details
Closed on
Jan 14, 2020
Sold by
Bastola Nirmal and Pathak Rishi Ram
Bought by
Bailey Ridge Home Llc
Feb 2008 - Jan 2020Jacobsen Charles H and Jacobsen Christine A11 Years and 11 Months
Private Individual
Purchase Details
Closed on
Feb 20, 2008
Sold by
Mountain Living Llc
Bought by
Jacobsen Charles H and Jacobsen Christine A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Dec 2006 - Feb 2008Mountain Living Llc1 Year and 2 Months
Company
Purchase Details
Closed on
Dec 19, 2006
Sold by
Reddick Marshall E
Bought by
Mountain Living Llc
Jun 2004 - Dec 2006Reddick Marshall E2 Years and 6 Months
Private Individual
Purchase Details
Closed on
Jun 10, 2004
Sold by
Barnes Michael R
Bought by
Reddick Marshall E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,300
Interest Rate
6.09%
Mortgage Type
Stand Alone First
Jul 2002 - Jun 2004Gonzalez Angelia1 Year and 11 Months
Private Individual
Purchase Details
Closed on
Jul 22, 2002
Sold by
Johnson Michael P and Mattison Teressa
Bought by
Gonzalez Angelia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
More info available—call today! Modern purpose-built 4-unit investment property with 14 beds, 8 baths, and steady rental income from long-term residents. Features newer roof, fiber cement siding, ample parking, and on-site laundry. Tenants pay utilities, with market rent upside! Low-maintenance design & expenses in a prime location. Rare unit mix: (3) 4-bed/1.5-bath units + (1) 2-bed/1.5-bath
More info available—call today! Modern purpose-built 4-unit investment property with 14 beds, 8 baths, and steady rental income from long-term residents. Features newer roof, fiber cement siding, ample parking, and on-site laundry. Tenants pay utilities, with market rent upside! Low-maintenance design & expenses in a prime location. Rare unit mix: (3) 4-bed/1.5-bath units + (1) 2-bed/1.5-bath
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ICE
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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
Perez Julio Cesar Lara
$895,000
Fidelity National Title
Bailey Ridge Home Llc
--
None Available
Jacobsen Charles H
$310,000
First American
Mountain Living Llc
--
None Available
Reddick Marshall E
$339,000
Fidelity Natl Title Co Of Or
Gonzalez Angelia
$147,000
Amerititle
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Previous Owner
Jacobsen Charles H
$232,500
Previous Owner
Reddick Marshall E
$237,300
Previous Owner
Gonzalez Angelia
$117,600
Closed
Gonzalez Angelia
$29,400
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
10/01/201910/01/19
Sold
$601,000
-3.1%
$130 / Sq Ft
08/16/201908/16/19
For Sale
$620,000
--
$134 / Sq Ft
Source: Willamette Valley MLS
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 4392 Tristen Ln NE Unit 4398, Salem, OR 97305 since 16 August 2019 and is currently estimated at $927,245, approximately $200 per square foot. This property was built in 2003. 4392 Tristen Ln NE Unit 4398 is a home located in Marion County with nearby schools including Yoshikai 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.
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
