NOT LISTED FOR SALE

638 Church St NE Salem, OR 97301

Downtown Salem Neighborhood

Estimated Value: $724,464 - $924,000

5 Beds
4.5 Baths
2,999 Sq Ft
$265/Sq Ft Est. Value

Last Sold September 30, 2016

Last sale price $346,500 $116 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $4,598/month

30 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Landscaped
  • Living Room with Fireplace
  • Zoned Heating
  • Laundry Facilities

About This Home

As of September 2016

Remarkable historic building in excellent condition with many possible uses. Zoned CO, but currently used as 3 charming residential units and an office in the 4th. The units are highly demanded and rented below market value. Beautiful craftsman details throughout the building. This is a pride of ownership investment property 2 blocks from the Salem Center Mall.

Last Agent to Sell the Property

Levi Wilson

NED BAKER REAL ESTATE License #200111024 Listed on: 05/16/2016

Last Buyer's Agent

Nicole Shuba

MANOR REALTY License #200508130

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,487

Lot Details

  • 7,978 Sq Ft Lot
  • Lot Dimensions are 80 x 101
  • Fenced Yard
  • Landscaped

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,999 Sq Ft Home
  • Living Room with Fireplace
  • Carpet
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Electric Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4.5 Bathrooms

Outdoor Features

  • Deck

Utilities

  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Legal Lot and Block 7,8 / 66

Community Details

Overview

  • 4 Units
  • 638 Church St. Community

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $960
  • Insurance Expense $915
  • Trash Expense $549
  • Water Sewer Expense $1,080
  • Net Operating Income $21,488

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,487

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Dual Living: Yes
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Remarkable historic building in excellent condition with many possible uses. Zoned CO, but currently used as 3 charming residential units and an office in the 4th. The units are highly demanded and rented below market value. Beautiful craftsman details throughout the building. This is a pride of ownership investment property 2 blocks from the Salem Center Mall.
  • Cross Street: Union
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Exclusions: Tenants personal property
  • Fireplace: Living Room
  • Negotiable Inclusions: Kitchen appliances & window coverings
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet
  • Total Bathrooms: 4.5
  • Total Bedrooms: 5
  • Basement: Full, Unfinished
  • Laundry: Laundry Center
  • Price Per Sq Ft: 115.54
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 116.67

Exterior Features

  • Patio: Deck
  • Exterior Color: Beige
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap

Utilities

  • Heating: Electric, Zonal
  • High Speed Comm Access: Available
  • Water: Connected, City
  • Water Heater: Electric
  • Electric: 960
  • Garbage: 549
  • Insurance: 915
  • Sewer: City
  • Water/Sewer: 1080

Schools

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

Lot Info

  • Acres: 0.18
  • Estimated Lot Dimensions: 80 x 101
  • Estimated Lot Sq Ft: 7978
  • Lot: 7,8
  • Lot Type: Dimension Above
  • Price Per Acre: 1943888.89
  • Zoning: CO
  • Property Name: 638 Church St.
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R89439
  • Tax Account Number: R89439
  • Tax Amount: 2487

Multi Family

  • Net Income: 21488
  • Gross Sched Income: 29100
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2016
Sold by
Church Street Management Llc
Bought by
Stebbins John Henry
Current Estimated Value
$793,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,223
Interest Rate
3.43%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 9, 2008
Sold by
Burlwood Properties Llc
Bought by
Church Street Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2007
Sold by
Greentree Investments Llc
Bought by
Burlwood Properties Llc
Source: Public Records

Range of Values:

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Average Value
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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
Stebbins John Henry $346,500 First American
Church Street Management Llc -- Fidelity Natl Title Co Of Or
Burlwood Properties Llc $172,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stebbins John Henry $340,223
Previous Owner Church Street Management Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2016 09/30/16 Sold $346,500 -1.0% $116 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $349,900 -- $117 / 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 $3,388 $172,580 -- --
2023 $3,289 $167,560 $0 $0
2022 $3,197 $162,680 $0 $0
2021 $0 $157,950 $0 $0
2020 $3,015 $153,350 $0 $0
2019 $2,822 $148,890 $0 $0
2018 $2,872 $0 $0 $0
2017 $2,592 $0 $0 $0
2016 $2,469 $0 $0 $0
2015 $2,488 $0 $0 $0
2014 $2,407 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Levi Wilson

    Seller's Agent in 2016

    Levi Wilson

    NED BAKER REAL ESTATE

    (503) 881-5286

    168 Total Sales

    Levi Wilson
    Section Image
  • Nicole Shuba

    Buyer's Agent in 2016

    Nicole Shuba

    MANOR REALTY

    (503) 949-6616

    3 in this area

    188 Total Sales

    Nicole Shuba
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 704393

Willamette Valley MLS

APN: 589439

Oregon Marion County Salem 97301 Downtown Salem

638 Church St NE, Salem, OR

This home is located at 638 Church St NE, Salem, OR 97301 since 16 May 2016 and is currently estimated at $793,616, approximately $264 per square foot. 638 Church St NE is a home located in Marion County with nearby schools including Grant Community 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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