NOT LISTED FOR SALE

Estimated Value: $306,000 - $469,322

6 Beds
5 Baths
3,716 Sq Ft
$107/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $427,500 $115 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,340/month

7 Days on Market

About This Home

As of August 2023

Historic quadplex located in thriving West Salem. The building consists of four 2 Bedroom units each with a full bath. All units occupied and leased until 2024. Each unit has recent updates including window units, granite tops in kitchen, & stoves. Enjoy the quaint area of Brookstown with coffee shops and restaurants. Other nearby attractions include Old Salem, Cobblestone Market, Walnut + Broad with shops, restaurant and brewery. Don't miss this chance to invest in an exciting revitalization area with more to come.

Last Agent to Sell the Property

Kristin Wooten

Leonard Ryden Burr Real Estate License #155953 Listed on: 07/13/2023

Last Buyer's Agent

Toni Phillips

Leonard Ryden Burr Real Estate License #252968

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1897

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Quadruplex
  • Masonite

Utilities

  • Window Unit Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 6835018978
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,017

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Directions: South on Marshall Street to right on West Street. Home on corner of West and Green.
  • Year Built: 1897
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Masonite
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6835018978
  • Zoning: RS7
  • TRIADMLS_PricePerAcre: 2035714.2857
  • TRIADMLS_DeedPage: 0467
  • TRIADMLS_DeedBook: 3549
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Units Leased: 4

Tax Info

  • Tax Annual Amount: 2016.68
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 1.3138

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 17, 2023
Sold by
Wow Properties Llc
Bought by
Rickett Gack Trust and Gack
Seller's Agent
Kristin Wooten
Leonard Ryden Burr Real Estate
Buyer's Agent
Toni Phillips
Leonard Ryden Burr Real Estate
List Price
$465,000
Sold Price
$427,500
Premium/Discount to List
-$37,500
-8.06%
Views
16
Current Estimated Value
$398,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$29,393
Avg. Annual Appreciation
-5.65%

Purchase Details

Closed on
Sep 1, 2020
Sold by
Wooten Juanna and Wooten Bobby G
Bought by
Wow Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
2.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 6, 2006
Sold by
Walter Bonnie S and The Bonnie S Walter Trust
Bought by
Wooten Juanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,400
Interest Rate
6.39%
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
Rickett Gack Trust $427,500 None Listed On Document
Wow Properties Llc $160,000 None Available
Wooten Juanna $145,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wow Properties Llc $224,000
Previous Owner Wow Properties Llc $130,000
Previous Owner Wooten Juanna C $112,000
Previous Owner Wooten Juanna $116,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $427,500 -8.1% $115 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $465,000 -- $125 / Sq Ft
Source: Triad 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
2023 $2,055 $153,500 $42,700 $110,800
2022 $2,017 $153,500 $42,700 $110,800
2021 $1,980 $153,500 $42,700 $110,800
2020 $1,658 $120,100 $24,300 $95,800
2019 $1,670 $120,100 $24,300 $95,800
2018 $1,586 $120,100 $24,300 $95,800
2016 $1,562 $118,700 $26,565 $92,135
2015 $1,538 $118,700 $26,565 $92,135
2014 $1,492 $118,700 $26,565 $92,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1111817

Triad MLS

APN: 6835-01-8978