NOT LISTED FOR SALE

5482 Monterey Dr SE Unit 5486 Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $521,000 - $588,000

2 Beds
2 Baths
2,284 Sq Ft
$237/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $405,000 $177 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,365/month

Highlights

  • Corner Lot
  • Air Conditioning
  • Garage
  • Fireplace
  • Parking Storage or Cabinetry
  • 1-Story Property

About This Home

As of October 2020

Wonderful duplex in Sunset Meadows! Great condition, updated, has always been owner-occupied and well cared for. 2 beds/2 baths on each side. Recent updates include roof, flooring, appliances. Low maintenance vinyl siding & terraced landscaping with sprinklers. Unit 5486 has step-in tub/shower in master bath and fabulous Kohler spa shower in main bathroom. Great for investors or owner-occupancy, one unit is rented for instant cash flow.

Last Agent to Sell the Property

Jimi Couture

Keller Williams Premier Partners License #201207229 Listed on: 10/14/2020

Keller Williams Premier Partners

Last Buyer's Agent

Stuart Conser

Conser Realty & Associates License #980600123

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,779

Year Built

  • Built in 1995 | Remodeled

Lot Details

  • Corner Lot

Home Design

  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Crawl Space
  • Dishwasher

Parking

  • Garage
  • Parking Storage or Cabinetry

Utilities

  • Air Conditioning
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,779

Year Built

Built in 1995 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 2284
  • Stories: 1
  • Year Built: 1995
  • Property Condition: Updated/Remodeled
  • Remarks Public: Wonderful duplex in Sunset Meadows! Great condition, updated, has always been owner-occupied and well cared for. 2 beds/2 baths on each side. Recent updates include roof, flooring, appliances. Low maintenance vinyl siding & terraced landscaping with sprinklers. Unit 5486 has step-in tub/shower in master bath and fabulous Kohler spa shower in main bathroom. Great for investors or owner-occupancy, one unit is rented for instant cash flow.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: SUNSET MEADOWS PHASE 2 LOT 72
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Garage

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas, Tank
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Dishwasher, Fireplace, Refrigerator, Air Conditioning

Schools

  • Elementary School: Lee
  • Middle School: Judson
  • High School: South Salem

Lot Info

  • Lot Description: Corner Lot
  • Zoning: RS

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 4812.14
  • Assessor Parcel Number: R94117
  • Tax Year: 2019

Multi Family

  • Unit Type: 1
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 12.19

MLS Schools

  • Elementary School: Lee
  • High School: South Salem
  • Middle School: Judson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Oct 28, 2020
Sold by
Heinrich Johnson Carolyn Janeen
Bought by
Conser Gregory J and Conser Pamela L
Seller's Agent
Jimi Couture
Keller Williams Premier Partners
Buyer's Agent
Stuart Conser
Conser Realty & Associates
List Price
$395,000
Sold Price
$405,000
Premium/Discount to List
$10,000
2.53%
Current Estimated Value
$541,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,607
Avg. Annual Appreciation
6.07%

Purchase Details

Closed on
Jun 10, 2016
Sold by
Heinrich Julie A
Bought by
Heinrich Julie A and Julie A Heinrich Living Trust

Purchase Details

Closed on
Apr 5, 2016
Sold by
Heinrich Julie A
Bought by
Heinrich Julie A

Purchase Details

Closed on
Feb 11, 2005
Sold by
Heinrich Marian E
Bought by
Heinrich Marian E and Marian E Heinrich Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Conser Gregory J $405,000 First American
Heinrich Julie A -- None Available
Heinrich Julie A -- None Available
Heinrich Marian E -- --
Heinrich Julie A -- --
Heinrich Julie A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $405,000 +2.5% $177 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
10/14/2020 10/14/20 For Sale $395,000 -- $173 / 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 $5,779 $294,340 -- --
2023 $5,609 $285,770 $0 $0
2022 $5,288 $277,450 $0 $0
2021 $5,137 $269,370 $0 $0
2020 $5,142 $261,530 $0 $0
2019 $4,961 $253,920 $0 $0
2018 $4,897 $0 $0 $0
2017 $4,420 $0 $0 $0
2016 $4,210 $0 $0 $0
2015 $4,213 $0 $0 $0
2014 $3,851 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20239551

Regional Multiple Listing Service (RMLS)

APN: 594117