7 months on rocket

4434 Lancaster Dr, Salem, OR, 97305

$725,000

Home List Price

$8,609*

Closing Credit

0 Baths
3,591 SqFt
$202/SqFt
House

Location

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4434 Lancaster Dr, Salem$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingPaved
Year Built1964
HeatingBaseboard
MLS #24172729
Lot Size0.31 Acres
StatusActive

About 4434 Lancaster Dr

Amazing investment opportunity in Salem!Fully rented with good tenants on this 4-plex investment!Conveniently located near shops, college, and bus lines!New roof in 2019 and exterior touch ups! New coin operated laundry installed onsite for extra revenue. Below market rents! Great %5.67 cap rate on this investment and pro forma %7.19 w/ plenty of value to take it to the next level!

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Living Area: 3,591 SqFt

Listing Office:

  • Office Name: HomeSmart Realty Group
  • Office Phone: (971) 599-5865
  • Listing Agent: Shareef Hagag

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Paved

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Baseboard

Other

Directions Information:

  • Directions: Ward Dr. Ne

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
  • Price Per SqFt: $202/SqFt
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Housing Market Comparison

See how this home compares to others in Salem, OR.

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Salem, OR

City

Med. Sold Price

$435K

Med. Price/SqFt

$261

Avg. Days On Market

53

# of Sold Homes

82

4434 Lancaster Dr vs Salem

212 DAYS ON ROCKET

+159 Days

$725,000

+$290K More

$202/SqFt

-$59 Less

KEY TAKEAWAY

This property is $290K more than the Median Sold Price and $59/SqFt less than other homes in Salem, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #24172729

Listing Office:

  • Office Name: HomeSmart Realty Group
  • Office Phone: (971) 599-5865
  • Listing Agent: Shareef Hagag

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-790086
4
/10

  • Hayesville Elementary School

  • 4545 Ward Dr NE

  • 0.54 miles

  • Public District Grades KG-5

school-card-donut-790087
2
/10

  • Hallman Elementary School

  • 4000 Deerhaven Dr NE

  • 0.76 miles

  • Public District Grades KG-5

school-card-donut-790088
3
/10

  • Yoshikai Elementary School

  • 4900 Jade St NE

  • 1.05 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,390. The majority of Salem, OR residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4434 Lancaster Dr

What is the listing price of this property?

The listing price of 4434 Lancaster Dr property is $725,000.

What type of property is this?

The property 4434 Lancaster Dr is a house located in Salem, Oregon, 97305.

Is this property for sale now?

Active Listing: 4434 Lancaster Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The property 4434 Lancaster Dr is 3,591 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4434 Lancaster Dr is 1964.

Rocket Homes›Oregon›Marion County›Salem›97305›4434 Lancaster Dr

This home is located at 4434 Lancaster Dr in Salem, OR and zip code 97305 in the Hayesville neighborhood. This 3,591 square foot home, which was built in 1964, sits on a 0.31 acre lot. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $725,000.

In October 2024 more than 24 listings in Salem, OR were sold above the asking price. During the same period more than 28 listings were sold at asking price, while more than 30 were sold below. In October 2024 in Salem, OR there were 1.2% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $435,000, while the average time on the real estate market was 53 days.

From Rocket Homes Real Estate and based on county public records data.

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