NOT LISTED FOR SALE

522 Shangri la Ave NE Unit 528 Salem, OR 97303

Estimated Value: $446,000 - $549,000

6 Beds
4 Baths
2,826 Sq Ft
$182/Sq Ft Est. Value

Last Sold August 03, 2012

Last sale price $235,000 $83 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $3,054/month

72 Days on Market

Highlights

  • Wood Flooring
  • Wood Siding
  • 1-Story Property
  • Corner Lot

About This Home

As of August 2012

Great investment 4 plex, new roof 30 year Architectural Comp. roof in 2007. Renovated in 2007/2011 with the following updates: newer paint inside and outside, bath and kitchen fixtures, faux wood window blinds, appliances, hot water tanks in all units, and original hardwood floors. Off street parking in rear on separate tax lot. Non-coin operated laundry facility on site.

Last Agent to Sell the Property

Roger Elliott

RE/MAX Integrity License #960100185 Listed on: 03/19/2012

RE/MAX Integrity

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,926

Year Built

  • Built in 1960

Lot Details

  • Corner Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Wood Siding
  • Cedar

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Range

Utilities

  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,926

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 2826
  • Stories: 1
  • Year Built: 1960
  • Year Built Description: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: KLUMPP SUB-DIV FR LOT 11

Exterior Features

  • Exterior Description: Cedar, Wood Siding
  • Lot Size: 7,000 to 9,999 SqFt

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Baseboard
  • Utilities Included: Trash Collection, Water

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Range, Refrigerator

Schools

  • Elementary School: Weddle
  • Middle School: Claggett Creek
  • High School: McNary

Lot Info

  • Lot Description: Corner, Level
  • Zoning: RM

Tax Info

  • Tax Amount: 2447.63
  • Assessor Parcel Number: R80102

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 7.91

MLS Schools

  • Elementary School: Weddle
  • High School: McNary
  • Middle School: Claggett Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2014
Sold by
Carter Tyler
Bought by
Carter Holdings Llc
Current Estimated Value
$514,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 19, 2012
Closed on
Aug 2, 2012
Sold by
Ayers Delmer and Ayers Carolyn
Bought by
Carter Tyler
Seller's Agent
Roger Elliott
RE/MAX Integrity
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$245,000
Sold Price
$235,000
Premium/Discount to List
-$10,000
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%

Purchase Details

Closed on
Apr 23, 2007
Sold by
Gmac Mortgage Llc
Bought by
Ayers Delmer and Ayers Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,200
Interest Rate
8.25%
Mortgage Type
Construction
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
Carter Holdings Llc -- Amerititle
Carter Tyler -- Amerititle
Carter Tyler $235,000 Amerititle
Ayers Delmer $215,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Carter Holdings Llc $188,000
Previous Owner Ayers Delmer $232,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2012 08/03/12 Sold $235,000 -4.1% $83 / Sq Ft
05/30/2012 05/30/12 Pending -- -- --
03/19/2012 03/19/12 For Sale $245,000 -- $87 / 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 $3,926 $199,980 -- --
2023 $3,811 $194,160 $0 $0
2022 $3,593 $188,510 $0 $0
2021 $3,490 $183,020 $0 $0
2020 $3,493 $177,690 $0 $0
2019 $3,270 $172,520 $0 $0
2018 $3,327 $0 $0 $0
2017 $3,003 $0 $0 $0
2016 $2,861 $0 $0 $0
2015 $2,882 $0 $0 $0
2014 $2,790 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Roger Elliott

    RE/MAX

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 12066548

Regional Multiple Listing Service (RMLS)

APN: 580102

Oregon Marion County Salem 97303

522 Shangri la Ave NE Unit 528, Salem, OR

This home is located at 522 Shangri la Ave NE Unit 528, Salem, OR 97303 since 19 March 2012 and is currently estimated at $514,333, approximately $182 per square foot. This property was built in 1960. 522 Shangri la Ave NE Unit 528 is a home located in Marion County with nearby schools including Weddle Elementary School, Claggett Creek Middle School, and McNary High School.

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