NOT LISTED FOR SALE

990 Broadway St NE Salem, OR 97301

Downtown Salem Neighborhood

Estimated Value: $5,051,000

25 Beds
23 Baths
17,300 Sq Ft
$292/Sq Ft Est. Value

Last Sold January 04, 2022

Last sale price $6,450,000 $373 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $28,476/month

5 Days on Market

Highlights

  • 0.35 Acre Lot
  • Handicap Accessible
  • Washer and Dryer
  • Territorial View
  • Landscaped
  • High Speed Internet

About This Home

As of January 2022

Desirable, new mixed-use building designed by CBTwo Architects. Centrally located with easy access to public transportation, I-5, retail, dining, banks & more. Building features 1 retail space & 23 pet-friendly residential units ranging from studios to 2-bedrooms. On-site parking for residents available. Units equipped with w/d, kitchen appliances, heating & A/C. Retail space leased to All Family Vision Care for 10 years. Apartments professionally managed by Diversified Property Management Services.

Last Agent to Sell the Property

James Hauge

LEGACY REAL ESTATE License #200107093 Listed on: 11/19/2021

Last Buyer's Agent

Greg Eide

REALTY ONE GROUP WILLAMETTE VALLEY License #201226534

REALTY ONE GROUP WILLAMETTE VALLEY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,093

Year Built

  • Built in 2021

Lot Details

  • 0.35 Acre Lot
  • Landscaped

Home Design

  • Slab Foundation
  • Lap Siding
  • Cedar Siding

Interior Spaces

  • 17,300 Sq Ft Home
  • Dining Area
  • Territorial Views
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 25 Bedrooms
  • 23 Bathrooms

Accessible Home Design

  • Handicap Accessible

Utilities

  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 10 / 5

Community Details

Overview

  • 24 Units
  • 990 Broadway Community

Building Details

  • Insurance Expense $4,000
  • Maintenance Expense $3,500
  • Operating Expense $56,300
  • Net Operating Income $327,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,093

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Handicap Amenities: Yes (Refer To Remarks)
  • Range Facility: Electric, Microwave Included, Range Included
  • Syndicated Remarks: Desirable, new mixed-use building designed by CBTwo Architects. Centrally located with easy access to public transportation, I-5, retail, dining, banks & more. Building features 1 retail space & 23 pet-friendly residential units ranging from studios to 2-bedrooms. On-site parking for residents available. Units equipped with w/d, kitchen appliances, heating & A/C. Retail space leased to All Family Vision Care for 10 years. Apartments professionally managed by Diversified Property Management Services.
  • Cross Street: E St NE
  • Miscellaneous: 15500
  • Year Built: 2021
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Laminate, Vinyl
  • Total Bathrooms: 23
  • Total Bedrooms: 25
  • Dining Room: Area (Combination)
  • Laundry: W/D Included
  • Price Per Sq Ft: 372.83
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 372.83

Exterior Features

  • Foundation: Slab
  • Landscape: Yes
  • Siding: Cedar, Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Utilities

  • Heating: Electric, Heat Pump
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric
  • Insurance: 4000
  • Sewer: City

Condo/Co-op/Association

  • Maintenance: 3500
  • Mgmt Acct: 18000

Schools

  • Elementary School: Grant
  • Middle School: Parrish
  • High School: North Salem

Lot Info

  • Acres: 0.35
  • Estimated Lot Sq Ft: 15312
  • Lot: 10
  • Lot Type: Common Area
  • Price Per Acre: 18428571.43
  • Zoning: CO
  • Property Name: 990 Broadway
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 56300

Multi Family

  • Additional Land Available: 384132
  • Net Income: 327832
  • Gross Sched Income: 391488
  • Number Of Units: 24

Tax Info

  • Tax Account Number: R66822
  • Tax Amount: 2093

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2020
Sold by
Glaze Luke J and Glaze Jocelyn R
Bought by
990 Braodway Llc
Current Estimated Value
$5,051,000

Purchase Details

Closed on
Aug 10, 2018
Sold by
Willaimson Robert Charles
Bought by
Glazre Kluke J and Glaze Jpoceklyn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
990 Braodway Llc -- None Available
Glazre Kluke J $850,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cascade Warehouse Company $3,500,000
Closed 990 Broadway Llc $3,075,000
Previous Owner Glaze Luke J $229,650
Previous Owner Glazre Kluke J $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2022 01/04/22 Sold $6,450,000 0.0% $373 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $6,450,000 -- $373 / 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 $9,854 $501,860 -- --
2023 $9,563 $487,250 $0 $0
2022 $9,017 $473,067 $0 $0
2021 $15,179 $795,920 $0 $0
2020 $2,158 $109,790 $0 $0
2019 $2,020 $106,600 $0 $0
2018 $2,056 $0 $0 $0
2017 $1,856 $0 $0 $0
2016 $1,768 $0 $0 $0
2015 $1,781 $0 $0 $0
2014 $1,724 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Hauge

    Seller's Agent in 2022

    James Hauge

    LEGACY REAL ESTATE

    (503) 877-2101

    3 in this area

    115 Total Sales

    Section Image
  • Greg Eide

    Buyer's Agent in 2022

    Greg Eide

    REALTY ONE GROUP WILLAMETTE VALLEY

    (503) 580-4200

    3 in this area

    59 Total Sales

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 786222

Willamette Valley MLS

APN: 566822

Oregon Marion County Salem 97301 Downtown Salem

990 Broadway St NE, Salem, OR

This home is located at 990 Broadway St NE, Salem, OR 97301 since 19 November 2021 and is currently estimated at $5,051,000, approximately $291 per square foot. This property was built in 2021. 990 Broadway St NE is a home located in Marion County with nearby schools including Grant Community School, Parrish Middle School, and North 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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