NOT LISTED FOR SALE

Estimated Value: $409,000 - $562,860

4 Beds
3 Baths
2,003 Sq Ft
$242/Sq Ft Est. Value

Last Sold August 25, 2017

Last sale price $200,000 $100 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $3,019/month

26 Days on Market

About This Home

As of August 2017

Great investment opportunity! Tri Plex close to downtown Salem. unit 1 and 2 are upstairs. Larger unit 3 on main floor. Property has not been rented for several months.

Last Agent to Sell the Property

David Cale

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. License #921100166 Listed on: 06/14/2017

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

Last Buyer's Agent

Brandon Fahlman

KITHKIN REAL ESTATE License #200701012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,250

Year Built

  • Built in 1925

Lot Details

  • 7,541 Sq Ft Lot

Home Design

  • 2,003 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Zoned Heating
  • Baseboard Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 7 / 74

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,250

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Triplex
  • Syndicated Remarks: Great investment opportunity! Tri Plex close to downtown Salem. unit 1 and 2 are upstairs. Larger unit 3 on main floor. Property has not been rented for several months.
  • Cross Street: Summer
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Price Per Sq Ft: 99.85
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 119.82

Utilities

  • Heating: Baseboard, Zonal
  • Water: City
  • Sewer: City

Lot Info

  • Acres: 0.17
  • Estimated Lot Sq Ft: 7541
  • Lot: 7
  • Price Per Acre: 1411764.71
  • Zoning: RM
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R96150
  • Tax Account Number: R96150
  • Tax Amount: 2250

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2021
Sold by
Glaze Luke Justin and Glaze Jocelyn Raquel
Bought by
Santana Ernesto Alvarez and Santana Ochoa Veronica
Current Estimated Value
$506,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,121
Outstanding Balance
$388,639
Interest Rate
2.65%
Mortgage Type
FHA
Estimated Equity
$123,876

Purchase Details

Closed on
Jun 14, 2018
Sold by
Glaze Luke Justin and Glaze Luke J
Bought by
Glaze Luke Justin and Glaze Jocelyn Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 14, 2017
Closed on
Aug 23, 2017
Sold by
Cooper Larry J
Bought by
Glaze Luke J and Glaze Jocelyn R
Seller's Agent
David Cale
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
Buyer's Agent
Brandon Fahlman
KITHKIN REAL ESTATE
List Price
$240,000
Sold Price
$200,000
Premium/Discount to List
-$40,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%
Original Mortgage
$187,500
Interest Rate
4.03%
Mortgage Type
Commercial
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
Santana Ernesto Alvarez $435,000 Amerititle
Glaze Luke Justin -- Amerititle
Glaze Luke J -- Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santana Ernesto Alvarez $427,121
Previous Owner Glaze Luke Justin $195,000
Previous Owner Glaze Luke J $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2017 08/25/17 Sold $200,000 -16.7% $100 / Sq Ft
06/14/2017 06/14/17 For Sale $240,000 -- $120 / 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 $3,089 $157,340 -- --
2023 $2,998 $152,760 $0 $0
2022 $2,827 $148,320 $0 $0
2021 $2,746 $144,000 $0 $0
2020 $2,749 $139,810 $0 $0
2019 $2,572 $135,740 $0 $0
2018 $2,618 $0 $0 $0
2017 $2,363 $0 $0 $0
2016 $2,251 $0 $0 $0
2015 $2,268 $0 $0 $0
2014 $2,195 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 719774

Willamette Valley MLS

APN: 596150