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640 Shultz Way Southeast

640 Shultz Way Southeast, Salem, OR 97317
Property in Four Corners
Sold Mar 21, 2018
$182,500
$146,000 by Academy Mortgage Corp
Mortgage Due Apr 01, 2048
Sold Jul 24, 2006
$85,000
$82,450 by West Coast Bank
Mortgage Due Aug 01, 2036
640 Shultz Way Southeast has been categorized by the local assessors in Salem, OR as a residential type of property. The building on the property was first built in 1946 and is 78 years old. However, we must point out that the home was most recently renovated and altered in 1972. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 640 Shultz Way Southeast has 928 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,534 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 276 sqft. According to our sources, there is one available parking space. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. The building has a gable style roof made of metal. In terms of heating, it is utilizing baseboard heaters and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 640 Shultz Way Southeast sold most recently in Mar 19, 2018 for a total of $182,500. If you work out the math, that's approximately a cost of $151.58 per sqft. Before that, the property was also sold for $85,000 in Jul 20, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,800 in taxes each year. 640 Shultz Way Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $110,110. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 276
  • Parking Space Count: 1
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 1,204
  • Gross Building Area: 1,204
  • Building Area: 928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Baseboard
  • Heated Square Feet: 928
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PP 1997-086
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PP 1997-086 LOT 2 ACRES 0.15

Ownership

  • Current Owner : JOHNSON WENDI
  • Previous Owner : ADAMS MICHAEL J
  • Previous Owner 2: ADAMS JESSICA J
  • Owner Before Previous Owner: ECK DONALD M
  • Owner Before Previous Owner 2: ELLYSON MATTHEW D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salem-Keizer School District 24J
  • School Tax School District: SALEM-KEIZER
  • Census Tract: 001801

Zoning

  • Zoning: RS

Geography

  • Account Number: 555095
  • Parcel: 555095
  • Lot: 2
  • Meridian: SEC 31 TWN 07S RNG 02W
  • Latitude: 44.9212
  • Longitude: -122.977

    Address

  • Full Address: 640 Shultz Way Se
  • Address - House Number: 640
  • Street Segment Direction: SE
  • Address - Street Name: Shultz
  • Address - Suffix Type: Way
  • State: OR
  • City Name: Salem
  • Carrier Code: C010
  • 4-Digit Zip Code: 5698
  • Zip Code: 97317

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,800
  • Tax Rate Code Area: 92431213

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 285,282
  • High Value: 338,401
  • Low Value: 232,162

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $146,000
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Mar 21, 2018
  • First Open Lien Mortgage Loan Amount: $146,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2048

    Market Valuation

  • Market Total Value: $218,710
  • Market Land Value: $123,000
  • Market Improvement Value: $95,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $110,110

    Sales

  • Current Sale Contract Date: Mar 19, 2018
  • Current Sale Recording Date: Mar 21, 2018
  • Current Sale Transaction ID: 11436280448
  • Current Sale Price: $182,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 24, 2006
  • Previous Sale Contract Date: Jul 20, 2006
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORP
  • First Mortgage Transaction Date: Mar 21, 2018
  • First Mortgage Loan Amount: $146,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: WEST COAST BANK
  • Previous Mortgage Transaction Date: Jul 24, 2006
  • Previous Mortgage Loan Amount: $82,450
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2036

About Four Corners



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Frequently Asked Questions

What neighborhood is 640 Shultz Way Southeast located in?
The 640 Shultz Way Southeast is a located in the neighborhood of Four Corners in Four Corners, Salem.
What is the average sales price for listings in 640 Shultz Way Southeast?
The average sales price for units in 640 Shultz Way Southeast is $0 currently.

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