NOT LISTED FOR SALE

515 22nd St SE Salem, OR 97301

Southeast Salem Neighborhood

Estimated Value: $284,000 - $352,000

8 Beds
1 Bath
3,048 Sq Ft
$106/Sq Ft Est. Value

Last Sold July 17, 2015

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

Est. 50% increase in value since last sale

Current estimated payment $1,972/month

148 Days on Market

Highlights

  • Fenced Yard
  • Landscaped
  • Dining Area
  • Patio
  • Baseboard Heating
  • 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

Leslie Newberry

JOHN L. SCOTT REAL ESTATE License #981200059 Listed on: 02/19/2015

JOHN L. SCOTT REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,071

Year Built

  • Built in 1959

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Irregular Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Shingle Siding

Interior Spaces

  • 8 Bedrooms
  • 3,048 Sq Ft Home
  • Dining Area
  • Electric Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Patio

Utilities

  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 27

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $80
  • Trash Expense $79
  • Water Sewer Expense $189
  • Operating Expense $5,976
  • Net Operating Income $16,732

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,071

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Positive cash flow!! Great for investors. This 4-plex has enjoyed a 100% occupancy for the last 3 years. Won't last long.
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 70.54
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 73.82

Exterior Features

  • Patio: Patio
  • Exterior Color: Seafoam
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Shingle

Utilities

  • Heating: Baseboard
  • High Speed Comm Access: Unknown
  • Water: Connected, City
  • Water Heater: Electric
  • Garbage: 79
  • Insurance: 80
  • Sewer: City
  • Water/Sewer: 189

Condo/Co-op/Association

  • Mgmt Acct: 150

Schools

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

Lot Info

  • Acres: 0.23
  • Estimated Lot Sq Ft: 10019
  • Flood Plain: Unknown
  • Lot: 27
  • Lot Type: Irregular
  • Price Per Acre: 978260.87
  • Zoning: RM2
  • Property Use Type: Investment

Rental Info

  • Total Expenses: 5976

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R68225
  • Tax Account Number: R68225
  • Tax Amount: 3071

Multi Family

  • Additional Land Available: 25780
  • Net Income: 16732
  • Gross Sched Income: 26090
  • Unit Types: Flat
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2023
Sold by
Epsen Mark Richard
Bought by
Swoboda Robert and Swoboda Emma
Current Estimated Value
$323,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Outstanding Balance
$294,501
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$19,242

Purchase Details

Closed on
Jul 6, 2007
Sold by
Salter David A
Bought by
Espen Mark Richard and Espen Robin Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage
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
Swoboda Robert $310,000 Amerititle
Espen Mark Richard $151,900 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swoboda Robert $300,700
Previous Owner Espen Mark Richard $125,200
Previous Owner Espen Mark Richard $155,250
Previous Owner Espen Mark Richard $151,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2015 07/17/15 Sold $215,000 -4.4% $71 / Sq Ft
07/17/2015 07/17/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $225,000 -- $74 / 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 $2,515 $128,100 -- --
2023 $2,441 $124,370 $0 $0
2022 $2,302 $120,750 $0 $0
2021 $2,236 $117,240 $0 $0
2020 $2,171 $113,830 $0 $0
2019 $2,095 $110,520 $0 $0
2018 $2,132 $0 $0 $0
2017 $1,924 $0 $0 $0
2016 $1,833 $0 $0 $0
2015 $1,847 $0 $0 $0
2014 $1,787 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leslie Newberry

    Seller's Agent in 2015

    Leslie Newberry

    JOHN L. SCOTT REAL ESTATE

    (503) 349-2727

    70 Total Sales

    Leslie Newberry
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Map

Source: Willamette Valley MLS

MLS Number: 686368

Willamette Valley MLS

APN: 592436

Oregon Marion County Salem 97301 Southeast Salem

515 22nd St SE, Salem, OR

This home is located at 515 22nd St SE, Salem, OR 97301 since 19 February 2015 and is currently estimated at $323,389, approximately $106 per square foot. This property was built in 1959. 515 22nd St SE is a home located in Marion County with nearby schools including Richmond Elementary School, Leslie 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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