NOT LISTED FOR SALE

4628 Polaris St NE Salem, OR 97305

Hayesville Neighborhood

Estimated Value: $781,233 - $824,000

8 Beds
4 Baths
3,664 Sq Ft
$218/Sq Ft Est. Value

Last Sold August 26, 2019

Last sale price $524,900 $143 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,698/month

72 Days on Market

Highlights

  • Attached Garage
  • Washer and Dryer
  • Lap Siding
  • Parking Storage or Cabinetry

About This Home

As of August 2019

Perfect investment on this well maintained 4 plex on large corner lot. Each unit 2 bedrooms/ 1 full bath, attached car garage, fully fenced. Ample parking space on the property and off the street. Fully occupied with long term tenants. New rent on June A $995/B $1100/D $995. Photos on remodeled unit#C before moved in last November. New appliances, throughout the laminate floor, ceiling fan, new bathroom vanity, and granite countertop.

Last Agent to Sell the Property

Sitka Chiu

Forum Real Estate LLC License #200507361 Listed on: 04/08/2019

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,548

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 8,712

Home Design

  • Lap Siding
  • Plywood Siding Panel T1-11

Kitchen

  • Range
  • Dishwasher
  • Disposal

Parking

  • Attached Garage
  • Parking Storage or Cabinetry
  • Assigned Parking

Additional Features

  • Washer and Dryer
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Rent includes sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,548

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3664
  • Year Built: 1979
  • Property Condition: Updated/Remodeled
  • Remarks Public: Perfect investment on this well maintained 4 plex on large corner lot. Each unit 2 bedrooms/ 1 full bath, attached car garage, fully fenced. Ample parking space on the property and off the street. Fully occupied with long term tenants. New rent on June A $995/B $1100/D $995. Photos on remodeled unit#C before moved in last November. New appliances, throughout the laminate floor, ceiling fan, new bathroom vanity, and granite countertop.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: POLARIS ESTATES, BLOCK 2, LOT 2, ACRES 0.199
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Lap Siding, T-111 Siding
  • Lot Size: 7,000 to 9,999 SqFt

Garage/Parking

  • Parking Description: Assigned, Attached

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity, Tank
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Zoned

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Refrigerator, Washer/Dryer

Schools

  • Elementary School: Scott
  • High School: McKay

Lot Info

  • Zoning: RM

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Amount: 4710.64
  • Assessor Parcel Number: R58417
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 552900.00

MLS Schools

  • Elementary School: Scott
  • High School: McKay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2021
Sold by
Vollmer Jerry B and Templeton Vollmer Trudi
Bought by
Vollmer Jerry B and Templeton Vollmer Trudi
Current Estimated Value
$798,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,500
Outstanding Balance
$223,131
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$535,919

Purchase Details

Listed on
Apr 8, 2019
Closed on
Aug 20, 2019
Sold by
Chiu Sitka Hing Fook and Lam Phyllis Sau King
Bought by
Vollmer Jerry B and Vollmer Trudi V Templeton
Seller's Agent
Sitka Chiu
Forum Real Estate LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$555,900
Sold Price
$524,900
Premium/Discount to List
-$31,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$245,911
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 1, 2012
Closed on
Sep 28, 2012
Sold by
Varner Lolita M
Bought by
Chiu Sitka Hing Fook and Lam Phyllis Sau King
Seller's Agent
Gladys Blum
BLUM REAL ESTATE
Buyer's Agent
Sitka Chiu
FORUM REAL ESTATE LLC
List Price
$185,000
Sold Price
$182,000
Premium/Discount to List
-$3,000
-1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.57%
Source: Public Records

Range of Values:

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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
Vollmer Jerry B -- Fidelity National Title
Vollmer Jerry B $524,900 Ticor Title Company Of Or
Chiu Sitka Hing Fook $182,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vollmer Jerry B $244,500
Closed Vollmer Jerry B $245,911
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2019 08/26/19 Sold $524,900 0.0% $143 / Sq Ft
08/26/2019 08/26/19 Sold $524,900 -5.1% $143 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
05/04/2019 05/04/19 Price Changed $552,900 0.0% $151 / Sq Ft
04/25/2019 04/25/19 Price Changed $552,900 -0.5% $151 / Sq Ft
04/08/2019 04/08/19 For Sale $555,900 0.0% $152 / Sq Ft
03/12/2019 03/12/19 For Sale $555,900 +205.4% $152 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
09/28/2012 09/28/12 Sold $182,000 -1.6% $50 / Sq Ft
08/16/2012 08/16/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $185,000 -- $50 / 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 $5,548 $322,280 -- --
2023 $5,247 $312,900 $0 $0
2022 $4,955 $303,790 $0 $0
2021 $4,910 $294,950 $0 $0
2020 $4,619 $286,360 $0 $0
2019 $4,655 $278,020 $0 $0
2018 $4,711 $0 $0 $0
2017 $3,777 $0 $0 $0
2016 $3,610 $0 $0 $0
2015 $3,570 $0 $0 $0
2014 $3,363 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sitka Chiu

    Forum Real Estate LLC

    (971) 533-2338

    2 in this area

    49 Total Sales

    Sitka Chiu
    Section Image
  • Jennifer Hand

    Buyer's Agent in 2019

    Jennifer Hand

    GALL REAL ESTATE SERVICES LLC

    (503) 559-9839

    1 in this area

    68 Total Sales

    Jennifer Hand
    Section Image
  • Gladys Blum

    Seller's Agent in 2012

    Gladys Blum

    BLUM REAL ESTATE

    (503) 507-6225

    33 in this area

    742 Total Sales

    Gladys Blum
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19171402

Regional Multiple Listing Service (RMLS)

APN: 558417

Oregon Marion County Salem 97305 Hayesville

4628 Polaris St NE, Salem, OR

This home is located at 4628 Polaris St NE, Salem, OR 97305 since 08 April 2019 and is currently estimated at $798,808, approximately $218 per square foot. This property was built in 1979. 4628 Polaris St NE is a home located in Marion County with nearby schools including Lamb Elementary School, Stephens Middle School, and McKay High School.

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