NOT LISTED FOR SALE

623 E 3rd St Salem, OH 44460

Estimated Value: $109,000 - $139,000

4 Beds
4 Baths
2,432 Sq Ft
$53/Sq Ft Est. Value

Last Sold November 07, 2023

Last sale price $125,000 $51 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $795/month

4 Days on Market

Highlights

  • City View
  • North Facing Home
  • 5-minute walk to McCulloch Park
  • Forced Air Heating System

About This Home

As of November 2023

Great Four Plex investment property ! Or buyer may choose to move right into one of the two newly renovated vacant units, one downstairs and one up. The home is within minutes of walking distance to the quaint Salem downtown ara.There is a balcony off of the second floor. This building is located on a very quiet residential street with plenty of parking around back of building . The 2 newly renovated units have new flooring and have been freshly painted with newer appliances. There is a brand new refrigerator in bottom vacant unit . A brand new Metal Roof was recently installed .There is a fulll large basement below for storage .

Last Agent to Sell the Property

Marlene Fekete

Keller Williams Chervenic Rlty License #2015001933 Listed on: 10/14/2023

Keller Williams Chervenic Rlty

Last Buyer's Agent

Kristen Dewitt

Howard Hanna License #2020004996

Howard Hanna

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,990

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • North Facing Home
  • Unpaved Streets

Home Design

  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,432 Sq Ft Home
  • 2-Story Property
  • City Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Location

  • City Lot

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for gas, sewer, trash collection, water
  • Assessor Parcel Number 5104360000

Community Details

Overview

  • 4 Units
  • Waterworth Add 01 Community

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,990

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • House Faces: North
  • Price Per Square Foot: 51.40
  • Estimated Price per Sq Ft: 51.40
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 2432
  • Year Built: 1900
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Attribution Contact: (330) 967-4300 boardmanoffice@chervenicrealty.com
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances Equipment: Range, Refrigerator, Wall Oven
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Full
  • Sq Ft Approx Above Grade Finished: 2432.00
  • Sq Ft Approx Total Finished: 2432.00

Exterior Features

  • View: City View
  • Exterior: Vinyl
  • Roof: Metal

Garage/Parking

  • Driveway: Unpaved

Utilities

  • LaundryFeatures: None
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water

Condo/Co-op/Association

  • Subdivision Complex: Waterworth Add 01

Schools

  • School District: Salem CSD
  • School District: Salem CSD

Lot Info

  • Lot Description: City Lot
  • Lot Size Units: Acres
  • Acres: 0.1800
  • Parcel Number: 5104360000

Rental Info

  • Owner Pays: Gas, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Unit Count: 4
  • Num Of Buildings: 1
  • Number of Units: 4
  • Percent Units Occupied: 50

Tax Info

  • Tax: 1990

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2023
Closed on
Oct 30, 2023
Sold by
Laguerre Robenson
Bought by
Herrick Steven Michael
Seller's Agent
Marlene Fekete
Keller Williams Chervenic Rlty
Buyer's Agent
Kristen Dewitt
Howard Hanna
List Price
$130,000
Sold Price
$125,000
Premium/Discount to List
-$5,000
-3.85%
Views
48
Current Estimated Value
$129,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,248
Avg. Annual Appreciation
1.77%

Purchase Details

Listed on
Nov 10, 2017
Closed on
Jan 3, 2019
Sold by
Duab Charles R and Duab Sharmian M
Bought by
Herrera Guillermo O
Seller's Agent
Jean Cusick
Clark Carney Realty Group
Buyer's Agent
Jamie Thomas
Forever Homes Realty
List Price
$92,000
Sold Price
$79,000
Premium/Discount to List
-$13,000
-14.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%
Original Mortgage
$59,250
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2004
Sold by
Bowser Ellsworth R and Bowser Mary K
Bought by
Daub Charles R and Daub Sharmian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,800
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2001
Sold by
Bowser Ellsworth R and Bowser Mary K
Bought by
Bowser Ellsworth R and Bowser Mary K
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
Herrick Steven Michael $125,000 None Listed On Document
Herrick Steven Michael $125,000 None Listed On Document
Herrera Guillermo O -- --
Daub Charles R $98,500 Suburban Title
Bowser Ellsworth R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herrera Guillermo O $59,250
Previous Owner Daub Charles R $78,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2023 11/07/23 Sold $125,000 -3.8% $51 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
10/14/2023 10/14/23 For Sale $130,000 +36.8% $53 / Sq Ft
04/28/2022 04/28/22 Sold $95,000 -5.0% $45 / Sq Ft View Prior Sale
04/17/2022 04/17/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $100,000 +26.6% $47 / Sq Ft
01/10/2019 01/10/19 Sold $79,000 -7.1% $37 / Sq Ft View Prior Sale
10/14/2018 10/14/18 Pending -- -- --
09/14/2018 09/14/18 Price Changed $85,000 -3.4% $40 / Sq Ft
06/14/2018 06/14/18 Price Changed $88,000 -4.3% $41 / Sq Ft
11/10/2017 11/10/17 For Sale $92,000 -- $43 / Sq Ft
Source: MLS Now

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 $1,323 $30,170 $4,200 $25,970
2023 $1,709 $30,170 $4,200 $25,970
2022 $1,991 $30,170 $4,200 $25,970
2021 $1,136 $25,730 $5,010 $20,720
2020 $1,146 $25,730 $5,010 $20,720
2019 $1,119 $25,140 $5,010 $20,130
2018 $1,065 $22,860 $4,550 $18,310
2017 $1,064 $22,860 $4,550 $18,310
2016 $1,056 $23,590 $5,530 $18,060
2015 $1,108 $23,590 $5,530 $18,060
2014 $1,095 $23,590 $5,530 $18,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4494985

MLS Now

APN: 5104360000