$255,000
SOLD MAR 13, 2019

581 Highland Ave NE Unit 595 Salem, OR 97301

Highland Neighborhood
3 Beds
3 Baths
1,647 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$155 Per Sq Ft

2% Above List Price

9 Days on Market

Highlights

  • Landscaped
  • Dining Area
  • Lap Siding
  • High Speed Internet
  • Partially Fenced Property
  • Carpet

About This Home

As of June 2025

Incredible Triplex Investment Opportunity! New Roof, Some Original Hardwood Flooring, Completely Rewired and includes 3 Sets of New Appliances (Refrigerators, Oven/Ranges w/Microwave Hood Vents and Dishwashers. With a little work & attention to detail, one of the units could quickly be converted into a 2 bedroom and lived in while completing the other 2 units. Sold as-is. Majority of the leg work and heavy lifting done & ready for you to finish off and reap your rewards in CASH FLOW!

Last Agent to Sell the Property

Jenn Hill

EXP REALTY, LLC License #201216486 Listed on: 02/18/2019

EXP REALTY, LLC

Last Buyer's Agent

Natalie Rybakov

HOMESMART REALTY GROUP License #200610196

HOMESMART REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,230

Year Built

  • Built in 1937

Lot Details

  • 3,485 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • Triplex
  • Composition Roof
  • Lap Siding
  • Cedar Siding
  • Shake Siding

Interior Spaces

  • 1,647 Sq Ft Home
  • Dining Area

Kitchen

  • Electric Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 7 / 10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,230

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Range Facility: Electric
  • Syndicated Remarks: Incredible Triplex Investment Opportunity! New Roof, Some Original Hardwood Flooring, Completely Rewired and includes 3 Sets of New Appliances (Refrigerators, Oven/Ranges w/Microwave Hood Vents and Dishwashers. With a little work & attention to detail, one of the units could quickly be converted into a 2 bedroom and lived in while completing the other 2 units. Sold as-is. Majority of the leg work and heavy lifting done & ready for you to finish off and reap your rewards in CASH FLOW!
  • Cross Street: Broadway
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Disposal: Yes
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Dining Room: Area (Combination)
  • Price Per Sq Ft: 154.83
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 151.79

Exterior Features

  • Exterior Color: Grey
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Cedar, Shake
  • Siding Style: Lap

Utilities

  • Heating: Gas
  • High Speed Comm Access: Available
  • Water: Connected, City
  • Water Heater: Gas

Schools

  • Elementary School: Highland
  • Middle School: Parrish
  • High School: North Salem

Lot Info

  • Acres: 0.08
  • Lot: 7
  • Lot Type: Dimension Above
  • Price Per Acre: 3125000
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Account Number: R77112
  • Tax Amount: 2230

Multi Family

  • Number Of Units: 3

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
159.18%
Original Mortgage
$20,000
Outstanding Balance
$19,618
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$399,147

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: 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 $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

    119 Total Sales

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  • Michael Bivens

    Buyer's Agent in 2025

    Michael Bivens

    Bridgetown Equity Prop LLC

    (503) 475-3333

    1 in this area

    71 Total Sales

    Section Image
  • Natalie Rybakov

    Seller's Agent in 2021

    Natalie Rybakov

    HomeSmart Realty Group

    (503) 990-2782

    3 in this area

    178 Total Sales

    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

    114 Total Sales

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 744771

Willamette Valley MLS

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 $255,000, approximately $154 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.

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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