NOT LISTED FOR SALE

630 Ratcliff Dr SE Unit 636 Salem, OR 97302

Morningside Neighborhood

Estimated Value: $475,712 - $727,000

8 Beds
4 Baths
3,344 Sq Ft
$189/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $665,000 $199 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,803/month

66 Days on Market

Highlights

  • Deck
  • Patio
  • Dining Area
  • Living Room with Fireplace
  • Landscaped
  • 4-minute walk to Clark Creek Park

About This Home

As of October 2023

INVESTMENT OPPORTUNITY IN THE HEART OF SOUTH SALEM. Great rental history with long term tenants, all on month to month leases. Each unit comes with a wash dryer hookups, a one car detached garage, and there are three additional spaces for off street parking. Owner willing to carry contract. Owner also selling an additional two fourplexes MLS #'s: 807890, 807891.

Last Agent to Sell the Property

Jared Hambrook

LEGACY REAL ESTATE License #201211534 Listed on: 07/28/2023

Last Buyer's Agent

Jared Hambrook

LEGACY REAL ESTATE License #201211534 Listed on: 07/28/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,320

Year Built

  • Built in 1977

Lot Details

  • 9,016 Sq Ft Lot
  • Landscaped

Home Design

  • Quadruplex
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 3,344 Sq Ft Home
  • Living Room with Fireplace
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Deck
  • Patio

Schools

  • Mckinley Elementary School
  • Leslie Middle School
  • South Salem High School

Utilities

  • Radiant Ceiling
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2

Community Details

Overview

  • 4 Units
  • Willow Creek Park Subdivision

Building Details

  • Insurance Expense $2,863
  • Trash Expense $476
  • Water Sewer Expense $5,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,320

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Home Warranty: Negotiable
  • Range Facility: Electric
  • Syndicated Remarks: INVESTMENT OPPORTUNITY IN THE HEART OF SOUTH SALEM. Great rental history with long term tenants, all on month to month leases. Each unit comes with a wash dryer hookups, a one car detached garage, and there are three additional spaces for off street parking. Owner willing to carry contract. Owner also selling an additional two fourplexes MLS #'s: 807890, 807891.
  • Cross Street: Commercial
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Deck, Patio
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding Style: T111

Utilities

  • Heating: Radiant Ceiling
  • High Speed Comm Access: Unknown
  • Water: City
  • Water Heater: Electric
  • Garbage: 476
  • Insurance: 2863
  • Sewer: City
  • Water/Sewer: 5100

Lot Info

  • Acres: 0.2
  • Estimated Lot Sq Ft: 9016
  • Flood Plain: Unknown
  • Lot: 2
  • Property Use Type: Investment
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 22/23
  • Tax Amount: 5320

Multi Family

  • Number Of Units: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2018
Sold by
Peterson Pamela A
Bought by
Pamela A Peterson Revocable Living Trust and Peterson
Current Estimated Value
$632,428

Purchase Details

Closed on
Jan 30, 2018
Sold by
Peterson Pamela A
Bought by
Peterson Pameia A

Purchase Details

Closed on
Jun 14, 2006
Sold by
Peterson Gladys F
Bought by
Peterson Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.55%
Mortgage Type
Seller Take Back
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
Pamela A Peterson Revocable Living Trust -- None Listed On Document
Peterson Pameia A -- None Available
Peterson Pamela A $210,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Pamela A $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $665,000 -8.3% $199 / Sq Ft
07/28/2023 07/28/23 For Sale $725,000 -- $217 / 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
2025 $5,640 $295,870 -- --
2024 $5,640 $287,260 -- --
2023 $5,474 $278,900 $0 $0
2022 $5,161 $270,780 $0 $0
2021 $5,014 $262,900 $0 $0
2020 $3,512 $255,250 $0 $0
2019 $4,697 $247,820 $0 $0
2018 $4,780 $0 $0 $0
2017 $4,314 $0 $0 $0
2016 $4,109 $0 $0 $0
2015 $4,140 $0 $0 $0
2014 $4,007 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jared Hambrook

    Seller's Agent in 2023

    Jared Hambrook

    LEGACY REAL ESTATE

    (503) 930-2124

    4 in this area

    39 Total Sales

    Jared Hambrook
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Map

Source: Willamette Valley MLS

MLS Number: 807889

Willamette Valley MLS

APN: 596411

Oregon Marion County Salem 97302 Morningside

630 Ratcliff Dr SE Unit 636, Salem, OR

Not Listed for Sale

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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