NOT LISTED FOR SALE

1040 Locust St NE Salem, OR 97301

Highland Neighborhood

Estimated Value: $196,000 - $276,663

2 Beds
1 Bath
835 Sq Ft
$267/Sq Ft Est. Value

Last Sold December 17, 2024

Last sale price $200,000 $240 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,340/month

13 Days on Market

Highlights

  • RV Access or Parking
  • 1-Story Property
  • Baseboard Heating
  • 1 Car Attached Garage

About This Home

As of December 2024

This home needs some TLC but it is priced to sell! The home is currently tenant occupied, please allow 48 hour notice for showings. With classic charm, this home is a blank canvas waiting for your personal touch.

Last Agent to Sell the Property

Robert Lucas

REAL BROKER License #201238210 Listed on: 09/27/2024

REAL BROKER

Last Buyer's Agent

VANESSA QUEVEDO - CORIA

EXP REALTY, LLC License #201242264

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,944

Year Built

  • Built in 1948

Lot Details

  • 7,405 Sq Ft Lot

Interior Spaces

  • 835 Sq Ft Home
  • 1-Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Attached Garage
  • RV Access or Parking

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

  • Highland Avenue Addition Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 30

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,944

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Range Facility: Electric
  • Syndicated Remarks: This home needs some TLC but it is priced to sell! The home is currently tenant occupied, please allow 48 hour notice for showings. With classic charm, this home is a blank canvas waiting for your personal touch.
  • Year Built: 1948
  • Home Style2: 1 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Source Of Sq Ft: County

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

  • Heating/Cooling: Baseboard
  • Sewer City: Yes
  • Water: City
  • Water Heater: Electric

Lot Info

  • Acres: 0.17
  • Estimated Lot Sq Ft: 7405
  • Lot: 3
  • Rv Amenities: Area/Room For
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2023
  • Tax Amount: 1944

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2024
Closed on
Dec 16, 2024
Sold by
Esquivel Leah
Bought by
Perez Tellez Alejandro
Seller's Agent
Robert Lucas
REAL BROKER
Buyer's Agent
VANESSA QUEVEDO - CORIA
EXP REALTY, LLC
List Price
$200,000
Sold Price
$200,000
Views
125
Current Estimated Value
$223,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,166
Avg. Annual Appreciation
11.46%
Original Mortgage
$160,000
Outstanding Balance
$158,579
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$64,587

Purchase Details

Closed on
Nov 2, 2020
Sold by
Esquivel Roy L and Esquivel Adrienne M
Bought by
Esquivel Leah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2016
Closed on
Aug 25, 2016
Sold by
Mink Nicole D
Bought by
Esquivel Roy L and Esquivel Adrienne M
Seller's Agent
Roger Elliott
RE/MAX INTEGRITY - SALEM
Buyer's Agent
Roy Esquivel
HOMESMART REALTY GROUP
List Price
$85,000
Sold Price
$76,500
Premium/Discount to List
-$8,500
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.17%
Original Mortgage
$69,165
Interest Rate
3.42%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 28, 2003
Sold by
Helms Denise A
Bought by
Mink Nicole D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,148
Interest Rate
5.79%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Perez Tellez Alejandro $200,000 Fidelity National Title
Esquivel Leah $230,000 First American
Esquivel Roy L $76,850 Amerititle
Mink Nicole D $87,500 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Tellez Alejandro $160,000
Previous Owner Esquivel Leah $161,500
Previous Owner Esquivel Roy L $69,165
Previous Owner Mink Nicole D $86,148
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2024 12/17/24 Sold $200,000 0.0% $240 / Sq Ft
10/10/2024 10/10/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $200,000 +161.4% $240 / Sq Ft
08/26/2016 08/26/16 Sold $76,500 -10.0% $92 / Sq Ft View Prior Sale
07/07/2016 07/07/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $85,000 -- $102 / 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
2025 $2,003 $105,100 -- --
2024 $2,003 $102,040 -- --
2023 $1,944 $99,070 $0 $0
2022 $1,833 $96,190 $0 $0
2021 $1,781 $93,390 $0 $0
2020 $1,783 $90,670 $0 $0
2019 $1,668 $88,030 $0 $0
2018 $1,698 $0 $0 $0
2017 $1,533 $0 $0 $0
2016 $1,460 $0 $0 $0
2015 $1,471 $0 $0 $0
2014 $1,424 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Lucas

    Seller's Agent in 2024

    Robert Lucas

    REAL BROKER

    (503) 351-4409

    1 in this area

    44 Total Sales

    Robert Lucas
    Section Image
  • VANESSA QUEVEDO - CORIA

    Buyer's Agent in 2024

    VANESSA QUEVEDO - CORIA

    EXP REALTY, LLC

    (503) 302-9399

    1 in this area

    35 Total Sales

    VANESSA QUEVEDO - CORIA
    Section Image

  • R

    Seller's Agent in 2016

    Roger Elliott

    RE/MAX

    Section Image

  • R

    Buyer's Agent in 2016

    Roy Esquivel

    HOMESMART REALTY GROUP

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 821882

Willamette Valley MLS

APN: 577305

Oregon Marion County Salem 97301 Highland

1040 Locust St NE, Salem, OR

Not Listed for Sale

Detached

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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