NOT LISTED FOR SALE

4838 State St Unit 4840 Salem, OR 97301

Estimated Value: $412,000 - $447,000

4 Beds
2 Baths
1,748 Sq Ft
$245/Sq Ft Est. Value

Last Sold January 13, 2016

Last sale price $183,500 $105 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,564/month

4 Days on Market

Highlights

  • Fenced Yard
  • Baseboard Heating
  • Dining Area
  • Landscaped
  • High Speed Internet
  • Wood Siding

About This Home

As of January 2016

Nicely renovated duplex in convenient location. Identical units, Great layout with no common walls. Attached garages, plenty of parking, fenced yards with patios, laundry room off kitchen, new kitchen cabs and countertops, woodlam floors throughout. Excellent money maker or move in one side and rent the other.

Last Agent to Sell the Property

BOB KIRK

KELLER WILLIAMS REALTY MID WILLAMETTE License #900100154 Listed on: 11/06/2015

Last Buyer's Agent

Bill Walson

HERITAGE NW REALTY GROUP, LLC License #980300148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,954

Year Built

  • Built in 1976

Lot Details

  • 8,116 Sq Ft Lot
  • Lot Dimensions are 82 x 99
  • Fenced Yard
  • Landscaped

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 1,748 Sq Ft Home
  • Dining Area
  • Laminate Flooring
  • Washer and Dryer Hookup

Kitchen

  • Built-In Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: personal property of tenants
  • Legal Lot and Block 61 / 6

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $500
  • Water Sewer Expense $936
  • Operating Expense $1,436
  • Net Operating Income $13,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,954

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Range Facility: Built-In, Electric, Range Included
  • Syndicated Remarks: Nicely renovated duplex in convenient location. Identical units, Great layout with no common walls. Attached garages, plenty of parking, fenced yards with patios, laundry room off kitchen, new kitchen cabs and countertops, woodlam floors throughout. Excellent money maker or move in one side and rent the other.
  • Cross Street: Lancaster/Cordon
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: personal property of tenants
  • Negotiable Inclusions: 2 Refrigerators
  • Refrigerator: Refrigerator Included
  • Flooring: Laminate
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 104.98
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 102.97

Exterior Features

  • Exterior Color: Tan
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Wood
  • Siding Style: T111

Utilities

  • Heating: Electric, Baseboard
  • High Speed Comm Access: Present
  • Water: City
  • Water Heater: Electric
  • Insurance: 500
  • Sewer: City
  • Water/Sewer: 936

Schools

  • Elementary School: Mary Eyre
  • Middle School: Houck
  • High School: North Salem

Lot Info

  • Acres: 0.19
  • Estimated Lot Dimensions: 82 X 99
  • Estimated Lot Sq Ft: 8116
  • Lot: 61
  • Lot Type: Dimension Above
  • Price Per Acre: 947368.42
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 1436

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R43526
  • Tax Account Number: R43526
  • Tax Amount: 1954

Multi Family

  • Additional Land Available: 17100
  • Net Income: 13710
  • Gross Sched Income: 18000
  • Unit Types: Flat
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2015
Closed on
Jan 13, 2016
Sold by
Pallas Mark W
Bought by
Morlan Nola K
Seller's Agent
BOB KIRK
KELLER WILLIAMS REALTY MID WILLAMETTE
Buyer's Agent
Bill Walson
HERITAGE NW REALTY GROUP, LLC
List Price
$180,000
Sold Price
$183,500
Premium/Discount to List
$3,500
1.94%
Current Estimated Value
$417,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,546
Avg. Annual Appreciation
9.11%
Original Mortgage
$180,175
Interest Rate
3.9%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 25, 2009
Sold by
Savard Marie G
Bought by
Pallas Mark W and Kelly Janet L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,035
Interest Rate
5.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2004
Sold by
Savard Marie G
Bought by
Savard Marie G and Marie G Savard Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,700
Interest Rate
6.25%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 20, 2004
Sold by
Savard Marie G
Bought by
Savard Marie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,700
Interest Rate
6.25%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 17, 2003
Sold by
Savard Marie G
Bought by
Savard Marie G and Marie G Savard Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2003
Sold by
Savard Marie G
Bought by
Savard Marie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 1999
Sold by
Savard Marie G
Bought by
Savard Marie G and Marie G Savard Living Trust
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
Morlan Nola K $183,500 Amerititle
Pallas Mark W $173,380 Fidelity Natl Title Co Of Or
Savard Marie G -- Amerititle
Savard Marie G -- Amerititle
Savard Marie G -- --
Savard Marie G -- Lawyers Title Ins Corp
Savard Marie G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morlan Nola K $303,622
Closed Morlan Nola K $262,450
Closed Morlan Nola K $205,624
Closed Morlan Nola K $180,175
Previous Owner Pallas Mark W $130,035
Previous Owner Savard Marie G $124,700
Previous Owner Savard Marie G $89,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2016 01/13/16 Sold $183,500 +1.9% $105 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $180,000 -- $103 / 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 $3,373 $197,550 -- --
2023 $3,196 $191,800 $0 $0
2022 $3,017 $186,220 $0 $0
2021 $2,989 $180,800 $0 $0
2020 $2,810 $175,540 $0 $0
2019 $2,832 $170,430 $0 $0
2018 $2,625 $0 $0 $0
2017 $2,133 $0 $0 $0
2016 $2,016 $0 $0 $0
2015 $2,014 $0 $0 $0
2014 $1,877 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    BOB KIRK

    KELLER WILLIAMS REALTY MID WILLAMETTE

    Section Image

  • B

    Buyer's Agent in 2016

    Bill Walson

    HERITAGE NW REALTY GROUP, LLC

    (503) 838-5667

    1 Total Sale

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 697561

Willamette Valley MLS

APN: 543526

Oregon Marion County Salem 97301

4838 State St Unit 4840, Salem, OR

This home is located at 4838 State St Unit 4840, Salem, OR 97301 since 06 November 2015 and is currently estimated at $427,888, approximately $244 per square foot. This property was built in 1976. 4838 State St Unit 4840 is a home located in Marion County with nearby schools including Eyre Elementary School, Houck Middle School, and South 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

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