NOT LISTED FOR SALE

515 22nd St SE Unit 545 Salem, OR 97301

Southeast Salem Neighborhood

Estimated Value: $471,000 - $580,000

8 Beds
4 Baths
3,048 Sq Ft
$172/Sq Ft Est. Value

Last Sold July 17, 2015

Last sale price $215,000 $71 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $3,313/month

91 Days on Market

Highlights

  • Gated Home
  • 1-Story Property
  • 4-minute walk to Lee Park

About This Home

As of July 2015

Positive cash flow!! Great for investors. This 4-plex has enjoyed a 100% occupancy for the last 3 years. Won't last long.

Last Agent to Sell the Property

Connor Dudley

RE/MAX Equity Group License #201211175 Listed on: 02/12/2015

Co-Listed By

Leslie Newberry

John L. Scott Portland Central License #981200059

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,535

Year Built

  • Built in 1959

Lot Details

  • 10,019

Parking

  • Assigned Parking

Home Design

  • Shingle Siding

Interior Spaces

  • 1-Story Property
  • Range

Additional Features

  • Gated Home
  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,535

Year Built

Built in 1959

Lot Details

0

Parking

8

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 3048
  • Stories: 1
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space, Slab
  • Legal Description: CAPITAL HOME AMENDED, LOT 27, ACRES 0.23

Exterior Features

  • Exterior Description: Shingle Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Roof Type: Shingle

Garage/Parking

  • Garage Or Parking Spaces: 8
  • Parking Description: Assigned

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace
  • Security Or Entry: Sidewalk
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Unit Features: Range, Refrigerator, Window Coverings

Schools

  • Elementary School: Richmond
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Lot Description: Gated
  • Zoning: RM2

Tax Info

  • Tax Amount: 3071.29
  • Assessor Parcel Number: R68225

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 8.45

MLS Schools

  • Elementary School: Richmond
  • High School: South Salem
  • Middle School: Leslie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2015
Closed on
Jul 15, 2015
Sold by
Halbert Evan
Bought by
Slakey Matthew and Slakey Kareena
Seller's Agent
Connor Dudley
RE/MAX Equity Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%
Total Days on Market
91
Current Estimated Value
$525,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,347
Avg. Annual Appreciation
9.42%
Original Mortgage
$161,250
Outstanding Balance
$127,436
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$397,911

Purchase Details

Closed on
May 25, 2006
Sold by
Weber Elena and Weber Sheldon
Bought by
Halbert Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,800
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 15, 2003
Sold by
Schuler Margaret
Bought by
Boucher Ron R
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 Buyer Sale Price Title Company
Slakey Matthew $215,000 First American
Halbert Evan $238,500 Fidelity Natl Title Co Of Or
Boucher Ron R $95,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slakey Matthew $92,900
Open Slakey Matthew $161,250
Previous Owner Halbert Evan $190,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2015 07/17/15 Sold $215,000 -2.3% $71 / Sq Ft
05/14/2015 05/14/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $220,000 -- $72 / 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 $4,535 $230,990 -- --
2023 $4,402 $224,270 $0 $0
2022 $4,150 $217,740 $0 $0
2021 $4,032 $211,400 $0 $0
2020 $3,914 $205,250 $0 $0
2019 $3,777 $199,280 $0 $0
2018 $3,844 $0 $0 $0
2017 $3,469 $0 $0 $0
2016 $3,304 $0 $0 $0
2015 $3,329 $0 $0 $0
2014 $3,222 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Connor Dudley

    RE/MAX

    Section Image
  • Leslie Newberry

    Seller Co-Listing Agent in 2015

    Leslie Newberry

    John L. Scott Portland Central

    (503) 349-2727

    68 Total Sales

    Leslie Newberry
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 15605102

Regional Multiple Listing Service (RMLS)

APN: 568225

Oregon Marion County Salem 97301 Southeast Salem

515 22nd St SE Unit 545, Salem, OR

This home is located at 515 22nd St SE Unit 545, Salem, OR 97301 since 12 February 2015 and is currently estimated at $525,347, approximately $172 per square foot. This property was built in 1959. 515 22nd St SE Unit 545 is a home located in Marion County with nearby schools including Richmond Elementary School, Leslie Middle School, and South Salem High School.

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