NOT LISTED FOR SALE

705 Tierra Dr NE Unit 715 Salem, OR 97301

East Lancaster Neighborhood

Estimated Value: $367,000 - $434,000

4 Beds
2 Baths
1,568 Sq Ft
$249/Sq Ft Est. Value

Last Sold November 23, 2016

Last sale price $175,000 $112 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $2,318/month

172 Days on Market

About This Home

As of November 2016

Duplex off Center St. Great tenants occupied for nearly 2 years. Each unit has 2 bdrm/1 bath. approx 800 square feet. Each side w/single car garage, covered back patio & fully-fenced backyard. Units have laminate throughout & renovations to kitch & bthrm. One unit w/newer carpet. New roof w/in last 10 years. Property tax approx. $2300/yr Rent recently increase to $1,375/month - $675 one unit, $700 for the other. Tenants pay utilities.

Last Agent to Sell the Property

Gladys Blum

Blum Real Estate License #781200091 Listed on: 02/19/2016

Last Buyer's Agent

Gladys Blum

Blum Real Estate License #781200091 Listed on: 02/19/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,836

Year Built

  • Built in 1968

Lot Details

  • 7,841

Home Design

  • Wood Siding
  • Lap Siding

Utilities

  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,836

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 1568
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TELEVUE SUBDIVISION, LOT FR 12

Exterior Features

  • Exterior Description: Lap Siding, Wood Siding
  • Roof Type: Composition

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Forced Air

Schools

  • Elementary School: Auburn
  • Middle School: Houck
  • High School: North Salem

Lot Info

  • Zoning: CO

Tax Info

  • Tax Amount: 1823.40
  • Assessor Parcel Number: R94581

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 11.21

MLS Schools

  • Elementary School: Auburn
  • High School: North Salem
  • Middle School: Houck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2019
Sold by
Worst James M and Worst Nora J
Bought by
Cid Vicente and Cid Maria E
Current Estimated Value
$391,068

Purchase Details

Listed on
Feb 19, 2016
Closed on
Nov 23, 2016
Sold by
Eder David C and Estrada Monica C
Bought by
Worst James M and Worst Nora J
Seller's Agent
Gladys Blum
Blum Real Estate
Buyer's Agent
Gladys Blum
Blum Real Estate
List Price
$184,900
Sold Price
$175,000
Premium/Discount to List
-$9,900
-5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.49%
Original Mortgage
$104,400
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2005
Sold by
Eder David C and Estrada Monica C
Bought by
Eder David C and Estrada Monica C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2004
Sold by
Meyer Kolleen
Bought by
Eder David C and Eder Monica C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
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
Cid Vicente -- Amerititle
Worst James M $175,000 Fidelity National Title
Eder David C -- Amerititle
Eder David C $144,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Worst James M $104,400
Previous Owner Eder David C $123,200
Previous Owner Eder David C $108,000
Closed Eder David C $28,800
Closed Eder David C $23,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2016 11/23/16 Sold $175,000 -5.4% $112 / Sq Ft
08/09/2016 08/09/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $184,900 -- $118 / 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
2024 $2,836 $162,570 -- --
2023 $2,685 $157,840 $0 $0
2022 $2,535 $153,250 $0 $0
2021 $2,513 $148,790 $0 $0
2020 $2,365 $144,460 $0 $0
2019 $2,382 $140,260 $0 $0
2018 $2,927 $0 $0 $0
2017 $1,930 $0 $0 $0
2016 $1,903 $0 $0 $0
2015 $1,823 $0 $0 $0
2014 $2,378 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gladys Blum

    Seller's Agent in 2016

    Gladys Blum

    Blum Real Estate

    (503) 507-6225

    13 in this area

    731 Total Sales

    Gladys Blum
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16205321

Regional Multiple Listing Service (RMLS)

APN: 594581

Oregon Marion County Salem 97301 East Lancaster

705 Tierra Dr NE Unit 715, Salem, OR

This home is located at 705 Tierra Dr NE Unit 715, Salem, OR 97301 since 19 February 2016 and is currently estimated at $391,068, approximately $249 per square foot. This property was built in 1968. 705 Tierra Dr NE Unit 715 is a home located in Marion County with nearby schools including Auburn Elementary School, Houck Middle School, and North Salem High School.

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