NOT LISTED FOR SALE

4703 Palomino Ct SE Unit 4707 Salem, OR 97317

Estimated Value: $430,796 - $586,000

2 Beds
3 Baths
2,304 Sq Ft
$215/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $435,000 $189 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,126/month

24 Days on Market

Highlights

  • Living Room with Fireplace
  • Cul-De-Sac
  • Board and Batten Siding
  • Fenced Yard
  • Patio
  • Landscaped

About This Home

As of April 2022

Back on market... Great investment opportunity in a convenient location with long term tenants. One 2-bed and two 1-bed. Each unit has private attached garage W/wash/dry hookups. Fully fenced backyard. Property has been maintained through the years, with a new roof in 2015. Convenient location with upside on rents. Owner pays, water, sewer, and trash, tenants pay all other utilities.

Last Agent to Sell the Property

SCOTT MANNING

HOMESMART REALTY GROUP License #940500056 Listed on: 03/08/2022

HOMESMART REALTY GROUP

Last Buyer's Agent

SCOTT MANNING

HOMESMART REALTY GROUP License #940500056 Listed on: 03/08/2022

HOMESMART REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,744

Year Built

  • Built in 1978

Lot Details

  • 9,583 Sq Ft Lot
  • Cul-De-Sac
  • Fenced Yard
  • Landscaped

Home Design

  • Triplex
  • Composition Roof
  • Board and Batten Siding
  • Wood Siding

Interior Spaces

  • 3 Bathrooms
  • 2,304 Sq Ft Home
  • Living Room with Fireplace
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 9 / 4

Community Details

Overview

  • 3 Units

Building Details

  • Trash Expense $1,155
  • Water Sewer Expense $2,385

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,744

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Range Facility: Electric
  • Syndicated Remarks: Back on market... Great investment opportunity in a convenient location with long term tenants. One 2-bed and two 1-bed. Each unit has private attached garage W/wash/dry hookups. Fully fenced backyard. Property has been maintained through the years, with a new roof in 2015. Convenient location with upside on rents. Owner pays, water, sewer, and trash, tenants pay all other utilities.
  • Cross Street: Rickey/Graham
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Fireplace: Living Room
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 3
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 188.8
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 188.8

Exterior Features

  • Patio: Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Board & Batt

Utilities

  • Heating: Gas, Forced Air
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Gas
  • Garbage: 1155
  • Sewer: City
  • Water/Sewer: 2385

Schools

  • Elementary School: Marion Miller
  • Middle School: Houck
  • High School: North Salem

Lot Info

  • Acres: 0.22
  • Estimated Lot Sq Ft: 9583
  • Flood Plain: Unknown
  • Lot: 9
  • Lot Type: Cul-De-Sac
  • Price Per Acre: 1977272.73
  • Zoning: RM
  • Geo Subdivision: OR

Multi Family

  • Gross Sched Income: 23400
  • Number Of Units: 3

Tax Info

  • Tax Account Number: 553765
  • Tax Amount: 3744

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
Apr 11, 2022
Sold by
Jerry L & Janet K Groff Living Trust
Bought by
Youmans Tom
Seller's Agent
SCOTT MANNING
HOMESMART REALTY GROUP
Buyer's Agent
SCOTT MANNING
HOMESMART REALTY GROUP
List Price
$435,000
Sold Price
$435,000
Total Days on Market
24
Current Estimated Value
$495,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,949
Avg. Annual Appreciation
3.94%

Purchase Details

Closed on
Aug 14, 2020
Sold by
Groff Jerry
Bought by
Groff Jerry L and Groff Janet K

Purchase Details

Listed on
May 11, 2015
Closed on
Jun 30, 2015
Sold by
Jj & Mk Properties Llc
Bought by
Groff Jerry
List Price
$213,000
Sold Price
$213,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Source: Public Records

Similar Homes in Salem, OR

  • 4743 Palomino (-4753) Ct SE, Salem, OR 97317

    $475,000

    • 4 Beds
    • 3 Baths
    • 1,914 Sq Ft
    • 4743 Palomino (-4753) Ct SE
    • Salem, OR

    Nice duplex located on a cul-de-sac. Close to shopping and easy access to I-5 north or south. Both units have their own individual yards and garages. Laundry hookups in garage. 4743 has new carpet and interior paint and is available to show with appointment. This is a great opportunity for someone needing dual living or for someone that wants to live in one side. Seller is a licensed real estate

    Peggy Kernan WILD HORSE REAL ESTATE

    Section Image
  • 836 Eldin Ave SE, Salem, OR 97317

    $450,000

    • 2 Beds
    • 2 Baths
    • 2,118 Sq Ft
    • 836 Eldin Ave SE
    • Salem, OR

    Charming Unique Duplex with assumable loan option! Subsidize your mortgage with potential rental income, is a great multi-generational property or investment property in the Four Corner's neighborhood!Located on a spacious 0.25-acre corner lot, featuring two 1-bedroom, 1-bath units, each with 980 sqft. Home on Macleay has potential extra living space within existing attic area. The Eldin home

    La Tricia Bollier John L. Scott Portland Central

    Section Image
  • 2565 Lee St SE, Salem, OR 97301

    $550,000

    • 3 Beds
    • 2 Baths
    • 2,400 Sq Ft
    • 2565 Lee St SE
    • Salem, OR

    Delightful one level duplex in Southeast Salem, perfect for first-time homebuyers or savvy investors. Each unit features 3 bedrooms and 2 bathrooms, offering a modernized kitchen with stainless steel appliances. The primary bedroom includes a spacious walk-in closet and a sliding glass door leading to the back patio. Freshly painted throughout, this property provides an excellent opportunity for

    Shawntel Brown Coldwell Banker Bain

    Section Image
  • 1625 12th St SE, Salem, OR 97302

    $399,000

    • 4 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 1625 12th St SE
    • Salem, OR

    Unique rental housing opportunity. 5 room boarding home located 1 mile from the Willamette University campus. Off street parking will accommodate all tenants. CR Zoning provides flexibility for future uses (Previously used for Title Office). Please do not disturb the tenants.

    Chris Salaz SMI REAL ESTATE

    Section Image
  • 2806 Livingston (-2808) St NE, Salem, OR 97301

    $535,000

    • 4 Beds
    • 2.5 Baths
    • 2,474 Sq Ft
    • 2806 Livingston (-2808) St NE
    • Salem, OR

    This isn't your typical duplex—and that's a good thing. Originally a single-family home with an attached garage, this property has been thoughtfully reimagined to offer two distinct living spaces, giving you options: multigenerational living, house-hacking your mortgage, or adding to your rental portfolio. Flexibility? Yeah, it’s got that in spades. Refer to WVMLS #827762 The main home features

    Melina Tomson TOMSON BURNHAM, LLC

    Section Image
  • 952 Gaines St NE Unit 958, Salem, OR 97301

    $574,900

    • 4 Beds
    • 4 Baths
    • 2,200 Sq Ft
    • 952 Gaines St NE
    • Unit 958
    • Salem, OR

    Accepted Offer with Contingencies. Great income property! Conveniently located 4-plex with long term tenants. featuring updated units exterior paint, new lifetime metal roof. Property has off street parking. Basement set up for coin-op laundry on its own meter. Buyer to due their own due diligence on other possible uses. 3 units on 1 year leases 1 unit on month to month.

    Joel Gander GANDER PROPERTY GROUP

    Section Image
  • 3574 Hermosa (3584) Ct NE, Salem, OR 97305

    $485,000

    • 4 Beds
    • 3 Baths
    • 2,016 Sq Ft
    • 3574 Hermosa (3584) Ct NE
    • Salem, OR

    Accepted Offer with Contingencies. Large single level duplex with garages close to Chemeketa Community College. Close proximity to Lancaster which provides tenants easy access to transportation and shopping. Please DO NOT disturb the tenants. Showings with accepted offer to purchase. Tenants pay garbage, gas, electricity and yard care. Additional photos available upon request.

    Chris Salaz SMI REAL ESTATE

    Section Image
  • 3604 Hermosa (3614) Ct NE, Salem, OR 97305

    $499,000

    • 4 Beds
    • 3 Baths
    • 2,336 Sq Ft
    • 3604 Hermosa (3614) Ct NE
    • Salem, OR

    Accepted Offer with Contingencies. Large single level duplex with garages close to Chemeketa Community College. Close proximity to Lancaster which provides tenants easy access to transportation and shopping. Please DO NOT disturb the tenants. Showings with accepted offer to purchase. Tenants pay garbage, gas, electricity and yard care. Additional photos available upon request.

    Chris Salaz SMI REAL ESTATE

    Section Image
  • 645 E St NE, Salem, OR 97301

    $495,000

    • 4 Beds
    • 3 Baths
    • 2,011 Sq Ft
    • 645 E St NE
    • Salem, OR

    Accepted Offer with Contingencies. Great opportunity to acquire three 1940's cottages. Live in one and rent the others! Also perfect for in-laws to have their own cottage. New siding and exterior paint. Newer roof and some windows. The 2-bedroom cottage at 645 E St has a partially finished basement of 500 +/- SF, plus a single car garage. Hardwood floors give a warm vibe to these units. Each

    Kenneth Marshall VINTAGE REALTY NORTHWEST

    Section Image
See All Homes in Salem

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Youmans Tom $435,000 Fidelity National Title
Groff Jerry L -- None Available
Groff Jerry $213,000 Fidelity Natl Title Co Of Or
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2022 04/14/22 Sold $435,000 0.0% $189 / Sq Ft
03/08/2022 03/08/22 For Sale $435,000 +104.2% $189 / Sq Ft
06/30/2015 06/30/15 Sold $213,000 0.0% $92 / Sq Ft
05/18/2015 05/18/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $213,000 -- $92 / 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 $4,100 $236,040 -- --
2023 $3,880 $229,170 $0 $0
2022 $3,665 $222,500 $0 $0
2021 $3,632 $216,020 $0 $0
2020 $3,524 $209,730 $0 $0
2019 $3,551 $203,630 $0 $0
2018 $3,505 $0 $0 $0
2017 $2,813 $0 $0 $0
2016 $2,693 $0 $0 $0
2015 $2,664 $0 $0 $0
2014 $2,496 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • SCOTT MANNING

    Seller's Agent in 2022

    SCOTT MANNING

    HOMESMART REALTY GROUP

    (503) 949-6347

    1 in this area

    14 Total Sales

    SCOTT MANNING
    Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 789490

Willamette Valley MLS

APN: 553765

Oregon Marion County Salem 97317

4703 Palomino Ct SE Unit 4707, Salem, OR

This home is located at 4703 Palomino Ct SE Unit 4707, Salem, OR 97317 since 08 March 2022 and is currently estimated at $495,949, approximately $215 per square foot. This property was built in 1978. 4703 Palomino Ct SE Unit 4707 is a home located in Marion County with nearby schools including Miller Elementary School, Houck Middle School, and North Salem 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

Nearby Homes