$363,000
SOLD FEB 1, 2021

581 Highland Ave NE Unit 595 Salem, OR 97301

Highland Neighborhood
3 Beds
3 Baths
1,615 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$225 Per Sq Ft

4% Above List Price

About This Home

As of June 2025

Great Investment opportunity with this modern and fully remodeled triplex. Each unit has it's own unique floor plan, high ceilings and cool features. All units are now vacant -No non-paying tenants to deal with! This could be a great opportunity for owner occupants with instant investment income. These units are self contained and move in ready! Act fast and take advantage of instant equity- this one is priced below appraised value!

Last Agent to Sell the Property

Natalie Rybakov

HomeSmart Realty Group License #200610196 Listed on: 11/30/2020

HomeSmart Realty Group

Last Buyer's Agent

Chad Draper

Keller Williams PDX Central License #201204504

Keller Williams PDX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,758

Year Built

  • Built in 1937

Lot Details

  • Corner Lot
  • Level Lot

Additional Features

  • Range
  • Wood Flooring

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,758

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 1615
  • Year Built: 1937
  • Property Condition: Approximately
  • Remarks Public: Great Investment opportunity with this modern and fully remodeled triplex. Each unit has it's own unique floor plan, high ceilings and cool features. All units are now vacant -No non-paying tenants to deal with! This could be a great opportunity for owner occupants with instant investment income. These units are self contained and move in ready! Act fast and take advantage of instant equity- this one is priced below appraised value!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: HIGHLAND AVE ADD SALEM FR LOT 7 BLK 10

Exterior Features

  • Lot Size: 3,000 to 4,999 SqFt
  • Roof Type: Composition
  • Road Surface: Concrete

Utilities

  • Fuel Description: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Wall Furnace

Association/Amenities

  • Amenities Supplement: No

Condo/Co-op/Association

  • Unit Features: Hardwood Floors, Range, Refrigerator

Schools

  • Middle School: Parrish
  • High School: North Salem

Lot Info

  • Lot Description: Corner Lot, Level
  • Zoning: RS
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 2191.57
  • Assessor Parcel Number: R77112
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3

MLS Schools

  • High School: North Salem
  • Middle School: Parrish

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2025
Closed on
Jun 9, 2025
Sold by
Chandler David Frederick
Bought by
Bond Will
Seller's Agent
Linn Holdhusen
Keller Williams PDX Central
Buyer's Agent
Michael Bivens
Bridgetown Equity Prop LLC
List Price
$425,000
Sold Price
$370,000
Premium/Discount to List
-$55,000
-12.94%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.29%
Original Mortgage
$20,000
Outstanding Balance
$19,234
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$376,065

Purchase Details

Listed on
Nov 30, 2020
Closed on
Jan 20, 2021
Sold by
Pachelo Michael D
Bought by
Chandler David Frederick
Seller's Agent
Natalie Rybakov
HomeSmart Realty Group
Buyer's Agent
Chad Draper
Keller Williams PDX Central
List Price
$349,900
Sold Price
$363,000
Premium/Discount to List
$13,100
3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.44%
Original Mortgage
$356,425
Interest Rate
2.71%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 18, 2019
Closed on
Mar 8, 2019
Sold by
First Tri Llc
Bought by
Pachelo Michael D
Seller's Agent
Jenn Hill
EXP REALTY, LLC
Buyer's Agent
Natalie Rybakov
HOMESMART REALTY GROUP
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.54%
Original Mortgage
$245,000
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 21, 2016
Sold by
Bradshaw Ronald E
Bought by
First Tri Llc

Purchase Details

Closed on
Dec 10, 2016
Sold by
Bradshaw Ronald E
Bought by
First Tri Llc

Purchase Details

Closed on
Jun 1, 2004
Sold by
Wheeles Willie D
Bought by
Bradshaw Ronald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
4.21%
Mortgage Type
Negative Amortization
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 Type Sale Price Title Company
Warranty Deed $370,000 Fidelity National Title
Warranty Deed $367,500 Fidelity National Title
Warranty Deed $255,000 Fidelity National Title
Land Contract $86,500 Amerititle
Special Warranty Deed $86,500 Amerititle
Warranty Deed $107,500 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $20,000 New Conventional
Open $351,500 New Conventional
Previous Owner $8,465 FHA
Previous Owner $356,425 FHA
Previous Owner $245,000 Construction
Previous Owner $88,000 Fannie Mae Freddie Mac
Previous Owner $86,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Sold $370,000 0.0% $229 / Sq Ft
05/13/2025 05/13/25 Pending -- -- --
05/06/2025 05/06/25 Off Market $370,000 -- --
04/25/2025 04/25/25 For Sale $425,000 0.0% $263 / Sq Ft
04/03/2025 04/03/25 Pending -- -- --
03/29/2025 03/29/25 For Sale $425,000 +17.1% $263 / Sq Ft
02/01/2021 02/01/21 Sold $363,000 +3.7% $225 / Sq Ft
12/03/2020 12/03/20 Pending -- -- --
11/30/2020 11/30/20 For Sale $349,900 +37.2% $217 / Sq Ft
03/13/2019 03/13/19 Sold $255,000 +2.0% $155 / Sq Ft
02/18/2019 02/18/19 For Sale $250,000 -- $152 / 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 $3,758 $191,390 -- --
2023 $3,647 $185,820 $0 $0
2022 $3,439 $180,410 $0 $0
2021 $3,340 $175,160 $0 $0
2020 $2,342 $119,100 $0 $0
2019 $2,192 $115,640 $0 $0
2018 $2,230 $0 $0 $0
2017 $2,013 $0 $0 $0
2016 $1,918 $0 $0 $0
2015 $1,932 $0 $0 $0
2014 $1,870 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linn Holdhusen

    Seller's Agent in 2025

    Linn Holdhusen

    Keller Williams PDX Central

    (503) 754-1395

    1 in this area

    116 Total Sales

    Linn Holdhusen
    Section Image
  • Michael Bivens

    Buyer's Agent in 2025

    Michael Bivens

    Bridgetown Equity Prop LLC

    (503) 475-3333

    1 in this area

    64 Total Sales

    Michael Bivens
    Section Image
  • Natalie Rybakov

    Seller's Agent in 2021

    Natalie Rybakov

    HomeSmart Realty Group

    (503) 990-2782

    3 in this area

    171 Total Sales

    Natalie Rybakov
    Section Image

  • C

    Buyer's Agent in 2021

    Chad Draper

    Keller Williams PDX Central

    Section Image
  • Jenn Hill

    Seller's Agent in 2019

    Jenn Hill

    EXP REALTY, LLC

    (971) 208-2800

    1 in this area

    111 Total Sales

    Jenn Hill
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20163708

Regional Multiple Listing Service (RMLS)

APN: 577112

Oregon Marion County Salem 97301 Highland

581 Highland Ave NE Unit 595, Salem, OR

This home is located at 581 Highland Ave NE Unit 595, Salem, OR 97301 and is currently priced at $363,000, approximately $224 per square foot. This property was built in 1937. 581 Highland Ave NE Unit 595 is a home located in Marion County with nearby schools including Highland Elementary School, Parrish Middle School, and North Salem High School.

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Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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