$548,000
SOLD AUG 31, 2023

4704 Palomino Ct SE Unit 4708 Salem, OR 97317

-- Bed
-- Bath
2,304 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$238 Per Sq Ft

83 Days on Market

Highlights

  • Cul-De-Sac
  • 3 Car Garage
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of August 2023

Well maintained triplex with great rental history. Two 1 bedroom units & One 2 bedroom. Each have wood burning fireplaces and a single garage. Washer & dryer hook ups. Located in a cul-de-sac near easy access to Hwy 22. All rents set to go up Aug/September. Shared yard space with private patio areas. Please do not disturb tenants. NO SIGN. Shown by appointment with accepted offer.

Last Agent to Sell the Property

Debbie Butler

RE/MAX South Coast Brokerage Phone: 503-580-3211 License #940800193 Listed on: 05/22/2023

RE/MAX South Coast

Last Buyer's Agent

Elizabeth Ramos

Keller Williams Sunset Corridor License #930900192

Keller Williams Sunset Corridor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,488

Year Built

  • Built in 1978

Lot Details

  • Cul-De-Sac

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2,304 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Car Garage
  • Assigned Parking

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 553766

Community Details

Overview

  • 3 Units
  • Property managed by Premier Property Manangment

Building Details

  • Operating Expense $9,957
  • Gross Income $34,010
  • Net Operating Income $24,052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,488

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1978
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Garage
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • View: No
  • Lot Features: Cul_de_sac
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Garage
  • Attached Garage: No
  • Total Parking Spaces: 3.0

Utilities

  • Fuel Description: Gas
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Premier Property Manangment

Schools

  • Elementary School: Miller
  • High School: North Salem
  • Middle Or Junior School: Houck

Lot Info

  • Zoning: RM
  • Parcel #: 553766

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 3487.75

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 16.11
  • Annual Gross Income: 34010.0
  • Property Net Operating Income: 24052.0
  • Annual Operating Expense: 9957.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Aug 28, 2023
Sold by
Colony Living Trust
Bought by
Daniels Leonida and Daniels David
Seller's Agent
Debbie Butler
BERKSHIRE HATHAWAY HOMESERVICES NORTHWEST REAL ESTATE
List Price
$548,000
Sold Price
$548,000
Views
141
Current Estimated Value
$563,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,492
Avg. Annual Appreciation
1.07%
Original Mortgage
$438,400
Outstanding Balance
$430,896
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$128,515

Purchase Details

Closed on
Nov 15, 2006
Sold by
Colony Bonita G
Bought by
Colony Bonita G and Colony Living Trust

Purchase Details

Closed on
Jul 18, 2001
Sold by
Colony Bonita
Bought by
Valley Flyers Inc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $548,000 Amerititle
Interfamily Deed Transfer -- None Available
Quit Claim Deed $27,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $438,400 New Conventional
Previous Owner $90,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $548,000 0.0% $238 / Sq Ft
05/16/2023 05/16/23 For Sale $548,000 -- $238 / 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 $3,784 $215,150 -- --
2023 $3,581 $208,890 $0 $0
2022 $3,383 $202,810 $0 $0
2021 $3,353 $196,910 $0 $0
2020 $3,158 $191,180 $0 $0
2019 $3,182 $185,620 $0 $0
2018 $3,239 $0 $0 $0
2017 $2,576 $0 $0 $0
2016 $2,465 $0 $0 $0
2015 $2,440 $0 $0 $0
2014 $2,279 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Debbie Butler

    Seller's Agent in 2023

    Debbie Butler

    BERKSHIRE HATHAWAY HOMESERVICES NORTHWEST REAL ESTATE

    (503) 580-3211

    1 in this area

    34 Total Sales

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23154736

Regional Multiple Listing Service (RMLS)

APN: 553766

Oregon Marion County Salem 97317

4704 Palomino Ct SE Unit 4708, Salem, OR

This home is located at 4704 Palomino Ct SE Unit 4708, Salem, OR 97317 and is currently priced at $548,000, approximately $237 per square foot. This property was built in 1978. 4704 Palomino Ct SE Unit 4708 is a home located in Marion County with nearby schools including Miller Elementary School, Houck Middle School, and North Salem High School.

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