NOT LISTED FOR SALE

1047 Palace Dr NE Salem, OR 97301

East Lancaster Neighborhood

Estimated Value: $376,000 - $427,000

3 Beds
2 Baths
1,576 Sq Ft
$255/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $294,285 $187 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,432/month

Highlights

  • Deck
  • Territorial View
  • First Floor Utility Room
  • Family Room with Fireplace
  • Covered Patio or Porch
  • Fenced Yard

About This Home

As of July 2020

Hard to find 1576 SF home with newer roof and new laminate flooring and interior paint! Separate Family (FR has a fireplace) and Living Rooms. Open kitchen with abundant counter space. Covered patio out back with a good sized yard.

Last Agent to Sell the Property

BOB RIGGI

WINDERMERE PACIFIC WEST PROP License #990100237 Listed on: 06/16/2020

WINDERMERE PACIFIC WEST PROP

Last Buyer's Agent

GENE RIEHART

WINDERMERE PACIFIC WEST PROP License #200507179

WINDERMERE PACIFIC WEST PROP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,143

Year Built

  • Built in 1975

Lot Details

  • 6,020 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Property is zoned RS

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • T111 Siding

Interior Spaces

  • 1,576 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • First Floor Utility Room
  • Territorial Views

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 15 / 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,143

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Hard to find 1576 SF home with newer roof and new laminate flooring and interior paint! Separate Family (FR has a fireplace) and Living Rooms. Open kitchen with abundant counter space. Covered patio out back with a good sized yard.
  • Cross Street: Regal
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Family Room, Gas
  • Negotiable Inclusions: Range, DW, Refrigerator, Window Treatments
  • Flooring: Laminate, Vinyl
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: 1/Main
  • Dining Room: 1/Main, On Level: 1/Main
  • Family Room: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Price Per Sq Ft: 186.73
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 190.29

Exterior Features

  • Patio: Covered Patio, Deck
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition, Shingle
  • Siding: Wood
  • Siding Style: T111
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Central Ac, Forced Air, Gas
  • Sewer City: Yes
  • Water: City
  • Water Heater: Electric

Schools

  • Elementary School: Swegle
  • Middle School: Waldo
  • High School: McKay

Lot Info

  • Acres: 0.138
  • Estimated Lot Sq Ft: 6020
  • Flood Plain: Unknown
  • Lot: 15
  • Lot Type: Dimension Above
  • Price Per Acre: 2173188.41
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R88560
  • Tax Years: 2019
  • Tax Account Number: R88560
  • Tax Amount: 3143

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Jul 15, 2020
Sold by
Byers Leonard W
Bought by
Burgess Michael and Melton Rachael
Seller's Agent
BOB RIGGI
WINDERMERE PACIFIC WEST PROP
Buyer's Agent
GENE RIEHART
WINDERMERE PACIFIC WEST PROP
List Price
$299,900
Sold Price
$294,285
Premium/Discount to List
-$5,615
-1.87%
Current Estimated Value
$401,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,946
Avg. Annual Appreciation
6.13%
Original Mortgage
$288,954
Outstanding Balance
$256,225
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$145,006

Purchase Details

Listed on
May 24, 2016
Closed on
Jun 7, 2016
Sold by
Friedman Esther
Bought by
Byers Leonard W
Seller's Agent
Dewey Whitton
THE SALEM REAL ESTATE GROUP
Buyer's Agent
BOB RIGGI
WINDERMERE PACIFIC WEST PROP
List Price
$190,000
Sold Price
$186,000
Premium/Discount to List
-$4,000
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.25%
Original Mortgage
$164,326
Interest Rate
3.54%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 10, 2006
Sold by
Hillier David W
Bought by
Friedman Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
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
Burgess Michael $294,285 Amerititle
Byers Leonard W $186,000 First American
Friedman Esther $172,500 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burgess Michael $288,954
Previous Owner Byers Leonard W $164,326
Previous Owner Friedman Esther $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $294,285 -1.9% $187 / Sq Ft
06/16/2020 06/16/20 For Sale $299,900 +61.2% $190 / Sq Ft
07/29/2016 07/29/16 Sold $186,000 -2.1% $118 / Sq Ft
06/05/2016 06/05/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $190,000 -- $120 / 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 $3,660 $186,400 -- --
2023 $3,552 $180,980 $0 $0
2022 $3,349 $175,710 $0 $0
2021 $3,254 $170,600 $0 $0
2020 $3,159 $165,640 $0 $0
2019 $3,142 $160,820 $0 $0
2018 $3,102 $0 $0 $0
2017 $2,800 $0 $0 $0
2016 $2,667 $0 $0 $0
2015 $2,687 $0 $0 $0
2014 $2,600 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • BOB RIGGI

    Seller's Agent in 2020

    BOB RIGGI

    WINDERMERE PACIFIC WEST PROP

    (503) 559-7150

    1 in this area

    114 Total Sales

    BOB RIGGI
    Section Image
  • GENE RIEHART

    Buyer's Agent in 2020

    GENE RIEHART

    WINDERMERE PACIFIC WEST PROP

    (503) 446-2902

    30 Total Sales

    GENE RIEHART
    Section Image
  • Dewey Whitton

    Seller's Agent in 2016

    Dewey Whitton

    THE SALEM REAL ESTATE GROUP

    (503) 949-3623

    2 in this area

    388 Total Sales

    Dewey Whitton
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 764975

Willamette Valley MLS

APN: 588560

Oregon Marion County Salem 97301 East Lancaster

1047 Palace Dr NE, Salem, OR

This home is located at 1047 Palace Dr NE, Salem, OR 97301 since 16 June 2020 and is currently estimated at $401,231, approximately $254 per square foot. This property was built in 1975. 1047 Palace Dr NE is a home located in Marion County with nearby schools including Swegle Elementary School, Waldo Middle School, and McKay 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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