NOT LISTED FOR SALE

1055 Cedar Way SE Salem, OR 97302

South Central Neighborhood

Estimated Value: $398,000 - $416,000

4 Beds
2 Baths
1,635 Sq Ft
$249/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $397,000 $243 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,385/month

118 Days on Market

Highlights

  • RV Access or Parking
  • Fenced Yard
  • Covered Deck
  • Territorial View
  • 2 Car Detached Garage
  • Shed

About This Home

As of October 2024

Quiet neighborhood and large lot make this home very desirable! Boasting a large living room and downstairs bedroom as well as kitchen with nook and dining area. 3 bedrooms upstairs too! Detached garage is spacious and long driveway is ideal for RV. Fenced yard on this .27 acre lot. Additional finished and conditioned space in Shed next to home with power.

Last Agent to Sell the Property

Trevor Elliott

HOMESMART REALTY GROUP License #200404256 Listed on: 07/05/2024

HOMESMART REALTY GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,767

Year Built

  • Built in 1928

Lot Details

  • 0.27 Acre Lot
  • Fenced Yard
  • Landscaped

Home Design

  • Composition Roof
  • Lap Siding
  • Cedar Siding

Interior Spaces

  • 1,635 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Outdoor Features

  • Covered Deck
  • Shed

Schools

  • Mckinley Elementary School
  • Leslie Middle School
  • South Salem High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet

Community Details

  • Smith Fruit Farms 03 Subdivision

Listing and Financial Details

  • Tax Lot FR 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,767

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Range Facility: Electric
  • Syndicated Remarks: Quiet neighborhood and large lot make this home very desirable! Boasting a large living room and downstairs bedroom as well as kitchen with nook and dining area. 3 bedrooms upstairs too! Detached garage is spacious and long driveway is ideal for RV. Fenced yard on this .27 acre lot. Additional finished and conditioned space in Shed next to home with power.
  • Cross Street: Summer
  • Year Built: 1928
  • Home Style2: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Covered Deck
  • Exterior Color: Blue
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition
  • Siding: Cedar
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Gas, Forced Air
  • High Speed Comm Access: Present
  • Sewer City: Yes
  • Water: City
  • Water Heater: Electric

Lot Info

  • Acres: 0.27
  • Estimated Lot Sq Ft: 11742
  • Lot: FR 8
  • Rv Amenities: Area/Room For
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 23-24
  • Tax Amount: 2767

MLS Schools

  • HighSchool: South Salem
  • Middle School: Leslie
  • Elementary School: McKinley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Oct 29, 2024
Sold by
Gustafson Curtis R and Gustafson Brandi J
Bought by
Kiyabu Corey Tsuneo and Kiyabu Stacie
Seller's Agent
Trevor Elliott
HOMESMART REALTY GROUP
List Price
$429,900
Sold Price
$397,000
Premium/Discount to List
-$32,900
-7.65%
Views
154
Current Estimated Value
$407,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,615
Avg. Annual Appreciation
2.50%
Original Mortgage
$389,809
Outstanding Balance
$385,102
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$22,513

Purchase Details

Closed on
Mar 25, 2014
Sold by
Ekb Properties Llc
Bought by
Gustafson Curtis R and Gustafson Brandi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,482
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 30, 2011
Sold by
Cable Martin B and Cable Truddy L
Bought by
Ekb Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kiyabu Corey Tsuneo $397,000 Ticor Title
Gustafson Curtis R $139,000 Fatco
Ekb Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kiyabu Corey Tsuneo $389,809
Previous Owner Gustafson Curtis R $136,482
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $397,000 -2.0% $243 / Sq Ft
09/23/2024 09/23/24 Price Changed $405,000 -2.4% $248 / Sq Ft
08/14/2024 08/14/24 Price Changed $415,000 -2.4% $254 / Sq Ft
07/30/2024 07/30/24 Price Changed $425,000 -1.1% $260 / Sq Ft
07/05/2024 07/05/24 For Sale $429,900 -- $263 / 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 $2,851 $149,580 -- --
2024 $2,851 $145,230 -- --
2023 $2,767 $141,000 $0 $0
2022 $2,609 $136,900 $0 $0
2021 $2,535 $132,920 $0 $0
2020 $2,461 $129,050 $0 $0
2019 $2,375 $125,300 $0 $0
2018 $2,417 $0 $0 $0
2017 $2,181 $0 $0 $0
2016 $2,078 $0 $0 $0
2015 $2,093 $0 $0 $0
2014 $2,026 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Trevor Elliott

    Seller's Agent in 2024

    Trevor Elliott

    HOMESMART REALTY GROUP

    (503) 602-1039

    3 in this area

    115 Total Sales

    Trevor Elliott
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Map

Source: Willamette Valley MLS

MLS Number: 818894

Willamette Valley MLS

APN: 591604

Oregon Marion County Salem 97302 South Central

1055 Cedar Way SE, Salem, OR

Not Listed for Sale

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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