NOT LISTED FOR SALE

797 25th St SE Salem, OR 97301

Southeast Salem Neighborhood

Estimated Value: $363,000 - $543,000

6 Beds
4.5 Baths
3,014 Sq Ft
$157/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $355,000 $118 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,814/month

154 Days on Market

Highlights

  • Covered Patio or Porch
  • Shed
  • Partially Fenced Property
  • Covered Deck
  • Landscaped
  • Carpet

About This Home

As of September 2019

Great investment property!! Large 4-plex with paved off-street parking, extra storage shed and good rental history. Three units located in main building, with one detached unit at back of lot. Central location near downtown and public transportation. Owner pays water/sewer and garbage bill. Financials stated ending in a 0 are proforma, others are actuals. Cap rate and net income calculations are based on proforma rents which are very reasonable. Actual rents listed by unit, current cap of 6.84.

Last Agent to Sell the Property

Jared Hambrook

LEGACY REAL ESTATE License #201211534 Listed on: 01/18/2019

Last Buyer's Agent

Jared Hambrook

LEGACY REAL ESTATE License #201211534 Listed on: 01/18/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,174

Year Built

  • Built in 1926

Lot Details

  • 9,000 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped
  • Irregular Lot

Home Design

  • 3,014 Sq Ft Home
  • Quadruplex
  • Shingle Roof

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4.5 Bathrooms

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch
  • Shed

Additional Features

  • Electric Range
  • Washer and Dryer Hookup
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 6 / F

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,201
  • Maintenance Expense $2,500
  • Trash Expense $672
  • Water Sewer Expense $1,561
  • Operating Expense $12,237
  • Net Operating Income $29,083

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,174

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: 4-Plex
  • Home Warranty: Negotiable
  • Range Facility: Electric
  • Syndicated Remarks: Great investment property!! Large 4-plex with paved off-street parking, extra storage shed and good rental history. Three units located in main building, with one detached unit at back of lot. Central location near downtown and public transportation. Owner pays water/sewer and garbage bill. Financials stated ending in a 0 are proforma, others are actuals. Cap rate and net income calculations are based on proforma rents which are very reasonable. Actual rents listed by unit, current cap of 6.84.
  • Cross Street: Mission
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 4.5
  • Total Bedrooms: 6
  • Laundry: W/D Hookup
  • Price Per Sq Ft: 117.78
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 129.06

Exterior Features

  • Patio: Covered Deck, Covered Patio
  • Fenced Yard: Partial
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Shingle

Utilities

  • High Speed Comm Access: Unknown
  • Water: City
  • Water Heater: Electric
  • Garbage: 672
  • Insurance: 1201
  • Sewer: City
  • Water/Sewer: 1561

Condo/Co-op/Association

  • Maintenance: 2500
  • Mgmt Acct: 2130

Schools

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

Lot Info

  • Acres: 0.207
  • Estimated Lot Sq Ft: 9000
  • Lot: 6
  • Lot Type: Irregular
  • Price Per Acre: 1879227.05
  • Zoning: RM2
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 12237

Multi Family

  • Additional Land Available: 41320
  • Net Income: 29083
  • Gross Sched Income: 42600
  • Number Of Units: 4

Tax Info

  • Tax Account Number: R90346
  • Tax Amount: 3174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2019
Closed on
Sep 9, 2019
Sold by
Caballero Sharon L
Bought by
Pd Kerley Properties Llc
Seller's Agent
Jared Hambrook
LEGACY REAL ESTATE
Buyer's Agent
Jared Hambrook
LEGACY REAL ESTATE
List Price
$389,000
Sold Price
$355,000
Premium/Discount to List
-$34,000
-8.74%
Current Estimated Value
$472,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,024
Avg. Annual Appreciation
4.81%
Original Mortgage
$284,000
Outstanding Balance
$126,310
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$345,714

Purchase Details

Closed on
Sep 20, 2001
Sold by
Baskins Bill and Baskins Jennifer E
Bought by
Caballero Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.99%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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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
Pd Kerley Properties Llc $355,000 Amerititle
Caballero Sharon L $190,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pd Kerley Properties Llc $284,000
Previous Owner Caballero Sharon L $152,000
Closed Caballero Sharon L $28,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2019 09/11/19 Sold $355,000 -8.7% $118 / Sq Ft
06/18/2019 06/18/19 For Sale $389,000 +9.6% $129 / Sq Ft
06/17/2019 06/17/19 Off Market $355,000 -- --
01/30/2019 01/30/19 Price Changed $389,000 +1.0% $129 / Sq Ft
01/18/2019 01/18/19 For Sale $385,000 -- $128 / 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 $3,746 $190,770 -- --
2023 $3,635 $185,220 $0 $0
2022 $3,428 $179,830 $0 $0
2021 $3,330 $174,600 $0 $0
2020 $3,233 $169,520 $0 $0
2019 $3,119 $164,590 $0 $0
2018 $3,174 $0 $0 $0
2017 $2,865 $0 $0 $0
2016 $2,729 $0 $0 $0
2015 $2,750 $0 $0 $0
2014 $2,661 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jared Hambrook

    Seller's Agent in 2019

    Jared Hambrook

    LEGACY REAL ESTATE

    (503) 930-2124

    1 in this area

    40 Total Sales

    Jared Hambrook
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Map

Source: Willamette Valley MLS

MLS Number: 743613

Willamette Valley MLS

APN: 590346

Oregon Marion County Salem 97301 Southeast Salem

797 25th St SE, Salem, OR

This home is located at 797 25th St SE, Salem, OR 97301 since 18 January 2019 and is currently estimated at $472,024, approximately $156 per square foot. This property was built in 1926. 797 25th St SE is a home located in Marion County with nearby schools including Richmond Elementary School, Leslie Middle School, and South 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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