NOT LISTED FOR SALE

10531 Lake Dr SE Salem, OR 97306

Salem Hills Neighborhood

Estimated Value: $930,000 - $1,008,551

4 Beds
3.5 Baths
4,375 Sq Ft
$222/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $505,531 $116 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $5,853/month

24 Days on Market

Highlights

  • Horses Allowed in Community
  • 2.49 Acre Lot
  • Deck
  • RV Access or Parking
  • Mountain View
  • Living Room with Fireplace

About This Home

As of December 2017

All you can say is WOW! From the vaulted cedar ceilings to the 2.49 acres, this amazing home features modern design & 4 BR/3.5BA in South Salem's beautiful Lake Estates home development. In this 4375sf home you will find the ability to relax and enjoy the surrounding beauty while feeling like you're miles away from it all. Gorgeous wood floors, updates - too much to list! The daylight basement could be used for dual living. HOA features equestrian & hiking trails & a beautiful lake for everyone's enjoyment.

Last Agent to Sell the Property

Kristin Smith

KELLER WILLIAMS REALTY -ALBANY License #200607351 Listed on: 10/13/2017

KELLER WILLIAMS REALTY -ALBANY

Last Buyer's Agent

Justin Samiee

HOMESMART REALTY GROUP - KEIZER License #201217726

HOMESMART REALTY GROUP - KEIZER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,268

Year Built

  • Built in 1990

Lot Details

  • 2.49 Acre Lot
  • Lot Dimensions are 521x240
  • Landscaped
  • Irregular Lot
  • Property is zoned AR

Property Views

  • Mountain
  • Territorial

Home Design

  • Tri-Level Property
  • Shingle Roof
  • Composition Roof
  • Board and Batten Siding
  • Wood Siding

Interior Spaces

  • 4,375 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Loft
  • First Floor Utility Room

Kitchen

  • Breakfast Area or Nook
  • Built-In Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic System
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 10 / 1

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Horses Allowed in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,268

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 3 Tri-Level
  • Dual Living: Possible
  • Range Facility: Electric, Built-In
  • Syndicated Remarks: All you can say is WOW! From the vaulted cedar ceilings to the 2.49 acres, this amazing home features modern design & 4 BR/3.5BA in South Salem's beautiful Lake Estates home development. In this 4375sf home you will find the ability to relax and enjoy the surrounding beauty while feeling like you're miles away from it all. Gorgeous wood floors, updates - too much to list! The daylight basement could be used for dual living. HOA features equestrian & hiking trails & a beautiful lake for everyone's enjoyment.
  • Cross Street: Oak
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room, Wood
  • Negotiable Inclusions: Range, Refrigerator, Washer&Dryer, Library Ladder
  • Flooring: Carpet, Wood, Tile
  • Total Bathrooms: 3.5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number of Main Level Bathrooms: 1.5
  • Number of Lower Level Bathrooms: 1
  • Bedrooms: 4
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 2/Upper
  • Bedroom 3: On Level: 2/Upper
  • Bedroom 4: On Level: Lower/Basement
  • Additional Room: On Level: 2/Upper
  • Basement: Daylight, Full, Finished
  • Dining Room: 1/Main, On Level: 1/Main
  • Family Room: On Level: Lower/Basement
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Breakfast Room/Nook, Loft
  • Price Per Sq Ft: 115.55
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 118.17

Exterior Features

  • Patio: Deck
  • Exterior Color: Green
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition, Shingle
  • Siding: Wood
  • Siding Style: Board & Batt
  • View: Mountain, Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Electric, Heat Pump, Forced Air
  • High Speed Comm Access: Available
  • Septic: Standard
  • Water: Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Homeowners Assn: Association With Fee
  • Homeowners Assn Amnts: Equestrian

Schools

  • Elementary School: Jefferson
  • Middle School: Jefferson
  • High School: Jefferson

Lot Info

  • Acres: 2.49
  • Estimated Lot Dimensions: 521x240
  • Estimated Lot Sq Ft: 125040
  • Lot: 10
  • Lot Type: Irregular
  • Price Per Acre: 207630.52
  • Rv Amenities: Area/Room For
  • Zoning: AR
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2016
  • Tax Account Number: R60517
  • Tax Amount: 5268

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2017
Closed on
Dec 14, 2017
Sold by
Shaevitz Alexander R
Bought by
Mcgowan Troy E and Mcgowan Jennifer L
Seller's Agent
Kristin Smith
KELLER WILLIAMS REALTY -ALBANY
Buyer's Agent
Justin Samiee
HOMESMART REALTY GROUP - KEIZER
List Price
$517,000
Sold Price
$505,531
Premium/Discount to List
-$11,469
-2.22%
Current Estimated Value
$969,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$463,745
Avg. Annual Appreciation
8.69%
Original Mortgage
$424,100
Outstanding Balance
$357,055
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$612,221

Purchase Details

Closed on
Jun 15, 2015
Sold by
Shaevitz Lawrence H and Shaevitz Revocable Living Trust
Bought by
Shaevitz Lawrence H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2015
Sold by
Shaevitz Lawrence H
Bought by
Shaevitz Lawrence H and Lawrence H Shaevitz Revocable Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2015
Sold by
Shaevitz Lawrence H
Bought by
Shaevitz Lawrence H and The Lawrence H Shaevitz Revocable Living

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2007
Sold by
Newell Warren S
Bought by
Newell Warren S and Newell Carolyn R

Purchase Details

Closed on
Apr 9, 2007
Sold by
Newell Warren S and Newell Carolyn B
Bought by
Newell Warren S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,500
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2005
Sold by
Newell Warren S
Bought by
Newell Warren S and Newell Carolyn B

Purchase Details

Closed on
Jul 15, 2005
Sold by
Newell Warren
Bought by
Newell Warren and Newell Carolyn B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,200
Interest Rate
7.49%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 14, 2005
Sold by
White James D and Wooley Greg C
Bought by
Newell Warren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,200
Interest Rate
7.49%
Mortgage Type
Fannie Mae Freddie Mac
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
Mcgowan Troy E $505,531 Fidelity National Title
Shaevitz Lawrence H -- Fidelity National Title
Shaevitz Lawrence H -- Fidelity Natl Title Co Of Or
Shaevitz Lawrence H -- None Available
Newell Warren S -- Fatco
Newell Warren S -- None Available
Newell Warren S -- Lawyers Title Ins
Newell Warren $424,000 First American
Newell Warren $424,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgowan Troy E $424,100
Previous Owner Shaevitz Lawrence H $190,000
Previous Owner Newell Warren S $542,500
Previous Owner Newell Warren $339,200
Previous Owner Newell Warren $84,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2017 12/15/17 Sold $505,531 -2.2% $116 / Sq Ft
10/13/2017 10/13/17 For Sale $517,000 -- $118 / 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 $8,572 $663,020 -- --
2023 $8,045 $643,710 $0 $0
2022 $7,573 $624,970 $0 $0
2021 $7,342 $606,770 $0 $0
2020 $7,130 $589,100 $0 $0
2019 $6,966 $571,950 $0 $0
2018 $6,835 $0 $0 $0
2017 $6,391 $0 $0 $0
2016 $5,268 $0 $0 $0
2015 $4,724 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kristin Smith

    Seller's Agent in 2017

    Kristin Smith

    KELLER WILLIAMS REALTY -ALBANY

    (541) 974-5550

    70 Total Sales

    Kristin Smith
    Section Image
  • Justin Samiee

    Buyer's Agent in 2017

    Justin Samiee

    HOMESMART REALTY GROUP - KEIZER

    (503) 508-7147

    2 in this area

    32 Total Sales

    Justin Samiee
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 725617

Willamette Valley MLS

APN: 560517

Oregon Marion County Salem 97306 Salem Hills

10531 Lake Dr SE, Salem, OR

This home is located at 10531 Lake Dr SE, Salem, OR 97306 since 13 October 2017 and is currently estimated at $969,276, approximately $221 per square foot. This property was built in 1990. 10531 Lake Dr SE is a home located in Marion County with nearby schools including Jefferson Elementary School, Jefferson Middle School, and Jefferson 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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