1111 Little John Loop NW Salem, OR 97304

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3 beds · 3 baths · 3,331 sq ft · Lot Size: 16,830 sq ft · Single Family Home · West Salem
Est. Property Value: $671,322

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1111 Little John Loop NW is in the West Salem neighborhood of Salem, OR. It is located in Polk County and ZIP code 97304. This Single Family Home was built in 2003 and is approximately 22 years old. The single family home spans 3331 sq ft with 3 bedrooms and 3 bathrooms and sits on a 16830 sq ft lot. According to public records, it was last sold in 2014 for $282,500 and has a tax-assessed value of $620,130, which is $202 per sq ft. The West Salem area of Salem has 4755 residential homes with an average size of 1787 sq ft. Analyze and compare real estate investment strategies for properties like this home at 1111 Little John Loop NW Salem, OR 97304 with Property Intel by Whitepages.

1111 Little John Loop NW

Salem, OR 97304

Owner Info

Owners & Occupancy for 1111 Little John Loop NW

This property is owned by Michael B Faust. Owner contact information includes 10 phone numbers and 4 email addresses.

Property Owners

OccupationResearch Station Manager, The Scotts Miracle-Gro Company
Cell Phone(740) ***-****View Cell Phone
Residence*********
Landline(972) 818-3325
Distance from Property**********
Email Address********@gmail.comView Email
Residence*********
Landline(860) 935-5332
Distance from Property**********
Email Address**************@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1**********
Resident 2****************** age 55
Resident 3*************** age 53

Property Financials for 1111 Little John Loop NW

1111 Little John Loop NW, Salem, OR has a mortgage from Quicken Lns Inc (orig. March 20, 2020). The Polk county assessment for 2024 values it at $620,130, with annual taxes of $7,254.

Mortgage & Equity Information

Loan Amount$******
LenderQuicken Lns Inc
Origination DateMarch 20, 2020
Interest Rate****%
Term25 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Purchase DateSeptember 23, 2014
Property Tax Amount$7,254 in 2024
Purchase Price$282,500
Assessed Value$620,130 on 2024

Investment Potential for 1111 Little John Loop NW

The property has a current estimated value of $671,322, which is 62% above the neighborhood median, based on public records. It last sold on September 23, 2014 for $283K. Projected long-term
is $44,400 annually ($3,700 per month) with a 95% occupancy rate.

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Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 97304 zip code
 
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Property Details for 1111 Little John Loop NW

Property Details

Property Sq Ft

Living Area

3,331 sq ft

86% above market

Lot Size

16,830 sq ft

111% above market

Price Per Sq Ft

Living Area

$202 / sq ft

14% below market

Lot Size Area

$40 / sq ft

24% below market

Property condition, age, exterior, etc. for 1111 Littl…
Longitude: -123.087523 Latitude: 44.94985 Parcel Number (APN): 543655…

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Market Benchmarks

Compare data for 1111 Little John Loop NW in Polk County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$671,322
$405,405
$265,917 (66%)
YoY Price Change
1.13%
-233%
Year Built
2003
1980
23 years
Living Space
3,331 sq ft
1,594 sq ft
1737 (109%)
$ Per Living Sq Ft
$202
$255
-$54 (-21%)
Lot Size
16,830 sq ft
8,438 sq ft
8392 (99%)
$ Per Lot Sq Ft
$40
$46
-$6 (-12%)

Net Operating Income
$22,387
$3,945 (18%)
Annual Revenue
$44,400
$33,600
$10,800 (32%)
$11,250
$6,818 (61%)
Net Operating Income
$22,387
$3,945 (18%)
Cap Rate
5.43%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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