NOT LISTED FOR SALE

971 Charter Place NE Unit 975 Salem, OR 97301

Northeast Salem Neighborhood

Estimated Value: $691,000 - $817,000

9 Beds
9 Baths
3,744 Sq Ft
$202/Sq Ft Est. Value

Last Sold August 02, 2019

Last sale price $516,000 $138 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,748/month

7 Days on Market

About This Home

As of August 2019

Centrally located Salem triplex with good cash flow and big upside with two units potentially eligible for rent increases. Great fwy access and walking distance to shopping. All units well maintained and are 3 bedrooms with 2.5 bathrooms and 1 car garages. Built in 1999, brand new roof in 2016. Solid investment.

Last Agent to Sell the Property

Gabe Terreson

Savi Realty, Inc. License #201211903 Listed on: 05/23/2019

Last Buyer's Agent

Baltazar Molina-Pimentel

Tu Casa Corporation License #200510391

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,500

Year Built

  • Built in 1999

Lot Details

  • Level Lot

Parking

  • Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Kitchen

  • Range
  • Dishwasher
  • Disposal

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,500

Year Built

Built in 1999

Lot Details

0

Parking

3

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 3744
  • Stories: 2
  • Year Built: 1999
  • Property Condition: Existing
  • Remarks Public: Centrally located Salem triplex with good cash flow and big upside with two units potentially eligible for rent increases. Great fwy access and walking distance to shopping. All units well maintained and are 3 bedrooms with 2.5 bathrooms and 1 car garages. Built in 1999, brand new roof in 2016. Solid investment.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: CHARTER HOMES, LOT FR 2,3,4, ACRES 0.22
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Vinyl Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 3
  • Parking Description: Attached

Utilities

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

Condo/Co-op/Association

  • Unit Features: Dishwasher, Disposal, Range, Refrigerator

Schools

  • Elementary School: Hoover
  • Middle School: Waldo
  • High School: McKay
  • School Elementary2: Englewood
  • School High2: North Salem

Lot Info

  • Lot Description: Level
  • Zoning: RM

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water

Tax Info

  • Tax Amount: 6355.00
  • Assessor Parcel Number: R69254
  • Tax Year: 2018

Multi Family

  • Unit Type: 1, 2, 3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 11.96

MLS Schools

  • Elementary School: Hoover
  • High School: McKay
  • Middle School: Waldo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2019
Closed on
Jul 22, 2019
Sold by
Stoll A J and Stoll Marjorie G
Bought by
Garcia Garcia Carvajal Marco A Carvajal Marco A and Garcia Carmona Antonia
Seller's Agent
Gabe Terreson
Savi Realty, Inc.
Buyer's Agent
Baltazar Molina-Pimentel
Tu Casa Corporation
List Price
$529,000
Sold Price
$516,000
Premium/Discount to List
-$13,000
-2.46%
Current Estimated Value
$756,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,601
Avg. Annual Appreciation
6.41%
Original Mortgage
$387,000
Outstanding Balance
$343,239
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$408,940

Purchase Details

Closed on
Feb 10, 2017
Sold by
Wan Evelyn and Wan Herman K
Bought by
Stoll Stoll A and Stoll Marjorie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,775
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2006
Sold by
Wylie Roger B and Wylie Terry J
Bought by
Wan Evelyn and Wan Herman K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,875
Interest Rate
6.57%
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
Garcia Garcia Carvajal Marco A Carvajal Marco A $516,000 First American
Stoll Stoll A $331,700 Fatco
Wan Evelyn $334,500 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Garcia Carvajal Marco A Carvajal Marco A $387,000
Previous Owner Stoll A J $121,000
Previous Owner Stoll A J $75,000
Previous Owner Stoll Stoll A $248,775
Previous Owner Wan Evelyn $250,875
Previous Owner Wylie Roger B $271,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2019 08/02/19 Sold $516,000 -2.5% $138 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $529,000 0.0% $141 / Sq Ft
05/23/2019 05/23/19 For Sale $529,000 -- $141 / 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 $7,500 $381,980 -- --
2023 $7,279 $370,860 $0 $0
2022 $6,863 $360,060 $0 $0
2021 $6,667 $349,580 $0 $0
2020 $6,472 $339,400 $0 $0
2019 $6,245 $329,520 $0 $0
2018 $6,355 $0 $0 $0
2017 $5,736 $0 $0 $0
2016 $5,464 $0 $0 $0
2015 $5,505 $0 $0 $0
2014 $5,273 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gabe Terreson

    Seller's Agent in 2019

    Gabe Terreson

    Savi Realty, Inc.

    (360) 993-5800

    130 Total Sales

    Gabe Terreson
    Section Image

  • B

    Buyer's Agent in 2019

    Baltazar Molina-Pimentel

    Tu Casa Corporation

    (503) 409-5515

    1 in this area

    62 Total Sales

    Baltazar Molina-Pimentel
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19376043

Regional Multiple Listing Service (RMLS)

APN: 569254

Oregon Marion County Salem 97301 Northeast Salem

971 Charter Place NE Unit 975, Salem, OR

This home is located at 971 Charter Place NE Unit 975, Salem, OR 97301 since 23 May 2019 and is currently estimated at $756,601, approximately $202 per square foot. This property was built in 1999. 971 Charter Place NE Unit 975 is a home located in Marion County with nearby schools including Hoover Elementary School, Parrish Middle School, and North Salem High School.

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