NOT LISTED FOR SALE

620 Ratcliff Dr SE Unit 626 Salem, OR 97302

Morningside Neighborhood

Estimated Value: $621,149 - $727,000

8 Beds
4 Baths
3,344 Sq Ft
$207/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $586,000 $175 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,125/month

6 Days on Market

Highlights

  • Parking Storage or Cabinetry
  • Garage
  • 4-minute walk to Clark Creek Park

About This Home

As of April 2021

GREAT INVESTMENT OPPORTUNITY! 4-plex near heart of South Salem with great rental history and many updates. Recent updates include: new roof, new vinyl windows, exterior paint, and laminate flooring. Each unit comes with a one car detached garage.

Last Agent to Sell the Property

Jared Hambrook

Legacy Real Estate License #201211534 Listed on: 03/08/2021

Last Buyer's Agent

Lorenzo Flores

Realty of America, LLC License #201224500

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,759

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 8,712

Home Design

  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Dishwasher
  • Disposal

Parking

  • Garage
  • Parking Storage or Cabinetry
  • Assigned Parking

Utilities

  • Electric Water Heater

Community Details

  • 2,492 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,759

Year Built

Built in 1977 | Remodeled

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3344
  • Stories: 2
  • Year Built: 1977
  • Property Condition: Updated/Remodeled
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: WILLOW CREEK PARK, LOT 1, ACRES 0.21
  • Basement: Crawl Space
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: T-111 Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Shingle
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Assigned, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Radiant

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Refrigerator, Washer/Dryer Hookup

Lot Info

  • Zoning: RM2

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 5124.00
  • Assessor Parcel Number: R96410
  • Tax Year: 2021

Multi Family

  • Unit Type: 1, 2, 3, 4
  • Number Of Units Total: 2492
  • Gross Rent Multiplier: 16.39

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Apr 28, 2021
Sold by
Peterson Pamela A and Gladys F Peterson Revocable Li
Bought by
Guzman Yolanda and Espinoza Carlos Guzman
Seller's Agent
Jared Hambrook
Legacy Real Estate
Buyer's Agent
Lorenzo Flores
Realty of America, LLC
List Price
$599,900
Sold Price
$586,000
Premium/Discount to List
-$13,900
-2.32%
Current Estimated Value
$691,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,537
Avg. Annual Appreciation
3.69%
Original Mortgage
$392,200
Outstanding Balance
$353,341
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$338,196

Purchase Details

Closed on
Mar 26, 2018
Sold by
Peterson Gladys F
Bought by
Peterson Glayds F and The Glaydys F Peterson Revocable Living

Purchase Details

Closed on
Mar 23, 2018
Sold by
Peterson Gladys F
Bought by
Gladys F Peterson Revocable Living Trust and Peterson

Purchase Details

Closed on
Apr 7, 2003
Sold by
Merzi Robert M
Bought by
Peterson Gladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Guzman Yolanda -- Amerititle
Peterson Glayds F -- None Available
Gladys F Peterson Revocable Living Trust -- None Listed On Document
Peterson Gladys $205,000 Key Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Yolanda $392,200
Previous Owner Peterson Gladys $153,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2021 04/27/21 Sold $586,000 -2.3% $175 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $599,900 -- $179 / 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
2025 $5,759 $302,090 -- --
2024 $5,759 $293,300 -- --
2023 $5,589 $284,760 $0 $0
2022 $5,270 $276,470 $0 $0
2021 $5,119 $268,420 $0 $0
2020 $5,124 $260,610 $0 $0
2019 $4,795 $253,020 $0 $0
2018 $4,880 $0 $0 $0
2017 $4,405 $0 $0 $0
2016 $4,195 $0 $0 $0
2015 $4,227 $0 $0 $0
2014 $4,091 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jared Hambrook

    Seller's Agent in 2021

    Jared Hambrook

    Legacy Real Estate

    (503) 930-2124

    4 in this area

    39 Total Sales

    Jared Hambrook
    Section Image
  • Lorenzo Flores

    Buyer's Agent in 2021

    Lorenzo Flores

    Realty of America, LLC

    (971) 237-3605

    3 in this area

    237 Total Sales

    Lorenzo Flores
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21128228

Regional Multiple Listing Service (RMLS)

APN: 596410

Oregon Marion County Salem 97302 Morningside

620 Ratcliff Dr SE Unit 626, Salem, OR

Not Listed for Sale

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