NOT LISTED FOR SALE

508 N 1st St Silverton, OR 97381

Estimated Value: $457,000 - $531,378

4 Beds
3 Baths
2,564 Sq Ft
$191/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $415,000 $162 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,940/month

4 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • Level Lot
  • Attached Garage
  • High Speed Internet
  • 1-Story Property

About This Home

As of August 2023

This flexible property awaits your personal uses! Located 1 block from the new Silverton Civic Center. Zoned Commercial General. Most recently used as 2 separate rental homes. Front building would be ideal for a residence, office, store or professional business. Both buildings have 3 br, 1 ba, single car garage each. Combined 2,594 sf. Great investment! Numerous updates to both buildings. Vacant and move-in ready.

Last Agent to Sell the Property

Arnie Amsden

Amsden Realty, LLC Brokerage Phone: 503-507-1216 License #950600182 Listed on: 07/08/2023

Last Buyer's Agent

JERRY GLESMANN

Berkshire Hathaway HomeServices Real Estate Professionals License #201216936

Berkshire Hathaway HomeServices Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,487

Year Built

  • Built in 1910

Lot Details

  • Level Lot

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Tongue and Groove Exterior
  • Plywood Siding Panel T1-11
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,564 Sq Ft Home
  • 1-Story Property
  • City Views

Schools

  • Mark Twain Elementary School
  • Silverton Middle School
  • Silverton High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 101898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,487

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1910
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Storage: Attached,Garage
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: ShingleSiding,T111Siding,TongueandGroove
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Internet Service Type: Cable,DSL
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Robert Frost
  • High School: Silverton
  • Middle Or Junior School: Silverton
  • Elementary School #2: Mark Twain

Lot Info

  • Zoning: GC
  • Parcel #: 101898

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 3487.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2023
Closed on
Aug 3, 2023
Sold by
Sallee Lavonne
Bought by
Mueller Paul Daniel
Seller's Agent
Arnie Amsden
Amsden Realty, LLC
Buyer's Agent
JERRY GLESMANN
Berkshire Hathaway HomeServices Real Estate Professionals
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Views
34
Current Estimated Value
$489,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,095
Avg. Annual Appreciation
7.86%
Original Mortgage
$215,000
Outstanding Balance
$204,725
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$284,370

Purchase Details

Listed on
Nov 19, 2015
Closed on
Jan 15, 2016
Sold by
Carney Patrick
Bought by
Sallee Lavonne
Seller's Agent
Christine Folz
REAL BROKER
Buyer's Agent
Tammie Sakai
BELLA CASA REAL ESTATE GROUP-SILVERTON
List Price
$199,000
Sold Price
$193,000
Premium/Discount to List
-$6,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.84%

Purchase Details

Closed on
Oct 29, 2007
Sold by
Harroun Deborah A
Bought by
Carney Patrick

Purchase Details

Closed on
Oct 22, 2004
Sold by
Thomas Terry L and Thomas Sharon S
Bought by
Harroun Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
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
Mueller Paul Daniel $415,000 Ticor Title
Sallee Lavonne $193,000 First American
Carney Patrick $202,000 Amerititle
Harroun Deborah A $178,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mueller Paul Daniel $215,000
Previous Owner Harroun Deborah A $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2023 08/07/23 Sold $415,000 -7.8% $162 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
07/08/2023 07/08/23 For Sale $450,000 +133.2% $176 / Sq Ft
02/28/2016 02/28/16 Sold $193,000 -3.0% $89 / Sq Ft View Prior Sale
01/14/2016 01/14/16 Pending -- -- --
11/19/2015 11/19/15 For Sale $199,000 -- $92 / 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 $4,045 $244,080 -- --
2023 $3,941 $236,980 $0 $0
2022 $3,731 $230,080 $0 $0
2021 $3,630 $223,380 $0 $0
2020 $3,541 $216,880 $0 $0
2019 $3,437 $210,570 $0 $0
2018 $3,451 $0 $0 $0
2017 $3,184 $0 $0 $0
2016 $2,753 $0 $0 $0
2015 $2,727 $0 $0 $0
2014 $2,644 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23419872

Regional Multiple Listing Service (RMLS)

APN: 101898