NOT LISTED FOR SALE

1115 Boone Rd SE Salem, OR 97306

Faye Wright Neighborhood

Estimated Value: $430,000 - $469,908

3 Beds
2 Baths
1,628 Sq Ft
$279/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $360,000 $221 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,612/month

137 Days on Market

Highlights

  • Territorial View
  • Main Floor Primary Bedroom
  • Lower Floor Utility Room
  • Wood Flooring
  • Covered Patio or Porch
  • Fenced Yard

About This Home

As of February 2023

Amazing opportunity to own a beautiful building that can be used as a residential home, business, live/work, income property or could be re-developed! Possibilities are endless as this property is zoned MU-III and is conveniently located just off of Commercial St S, across from B2 Taphouse & Brewery. Craftsman home built in 1936 that has been lovingly cared for and is ready for it's new owner. See also MLS #798013

Last Agent to Sell the Property

Ali Morrison

WINDERMERE HERITAGE License #201203600 Listed on: 09/20/2022

WINDERMERE HERITAGE

Last Buyer's Agent

Scott Friesen

MOVE REAL ESTATE License #201255037

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,180

Year Built

  • Built in 1936

Lot Details

  • 0.25 Acre Lot
  • Fenced Yard
  • Landscaped
  • Irregular Lot
  • Property is zoned MUIII

Parking

  • Detached Garage

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,628 Sq Ft Home
  • 1.5-Story Property
  • Lower Floor Utility Room
  • Wood Flooring
  • Territorial Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Shed
  • Shop

Utilities

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

Listing and Financial Details

  • Exclusions: Dishwasher
  • Tax Lot 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,180

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1.5 Story
  • Range Facility: Built-In
  • Syndicated Remarks: Amazing opportunity to own a beautiful building that can be used as a residential home, business, live/work, income property or could be re-developed! Possibilities are endless as this property is zoned MU-III and is conveniently located just off of Commercial St S, across from B2 Taphouse & Brewery. Craftsman home built in 1936 that has been lovingly cared for and is ready for it's new owner. See also MLS #798013
  • Cross Street: Commercial
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Disposal: Yes
  • Exclusions: Dishwasher
  • Flooring: Wood
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: 2/Upper
  • Basement: Full
  • Dining Room: On Level: 1/Main
  • Family Room: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: Lower/Basement
  • Price Per Sq Ft: 221.13
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 224.2

Exterior Features

  • Patio: Covered Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed, Separate Shop
  • Roof: Metal Or Aluminum
  • Siding: Vinyl
  • View: Territorial

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 0

Utilities

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

Schools

  • Elementary School: Faye Wright
  • Middle School: Judson
  • High School: Sprague

Lot Info

  • Acres: 0.25
  • Estimated Lot Sq Ft: 10925
  • Lot: 2
  • Lot Type: Irregular
  • Price Per Acre: 1460000
  • Zoning: MUIII
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: 592387
  • Tax Years: 2021
  • Tax Account Number: 592387
  • Tax Amount: 2180

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2022
Closed on
Feb 27, 2023
Sold by
Shrader Jayme Basil
Bought by
Higby Seth and Higby Claire
Seller's Agent
Ali Morrison
WINDERMERE HERITAGE
Buyer's Agent
Scott Friesen
MOVE REAL ESTATE
List Price
$365,000
Sold Price
$360,000
Premium/Discount to List
-$5,000
-1.37%
Views
53
Current Estimated Value
$453,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,477
Avg. Annual Appreciation
9.28%
Original Mortgage
$330,000
Outstanding Balance
$320,007
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$133,470

Purchase Details

Closed on
Dec 23, 2019
Sold by
Harris James B and Harris Stephanie A
Bought by
Harris James Basil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2008
Sold by
Shrader Lance C
Bought by
Harris James B and Harris Stephanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2002
Sold by
Blankenbaker William B and Blankenbaker Sharon K
Bought by
Shrader Lance C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
5.99%
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
Higby Seth $360,000 Fidelity National Title
Harris James Basil -- Ticor Title Company Of Or
Harris James B $200,000 First American
Shrader Lance C $147,500 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Higby Seth $330,000
Previous Owner Harris James Basil $223,200
Previous Owner Harris James B $200,000
Previous Owner Shrader Lance C $118,000
Closed Shrader Lance C $22,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2023 02/27/23 Sold $360,000 -1.4% $221 / Sq Ft
01/18/2023 01/18/23 For Sale $365,000 0.0% $224 / Sq Ft
01/18/2023 01/18/23 Price Changed $365,000 +1.4% $224 / Sq Ft
11/16/2022 11/16/22 Off Market $360,000 -- --
11/11/2022 11/11/22 Price Changed $425,000 -5.6% $261 / Sq Ft
09/20/2022 09/20/22 For Sale $450,000 -- $276 / 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 $2,378 $121,120 -- --
2023 $2,308 $117,600 $0 $0
2022 $2,176 $114,180 $0 $0
2021 $2,114 $110,860 $0 $0
2020 $2,053 $107,640 $0 $0
2019 $1,981 $104,510 $0 $0
2018 $2,016 $0 $0 $0
2017 $1,819 $0 $0 $0
2016 $1,733 $0 $0 $0
2015 $1,746 $0 $0 $0
2014 $1,690 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ali Morrison

    Seller's Agent in 2023

    Ali Morrison

    WINDERMERE HERITAGE

    (503) 689-3652

    2 in this area

    107 Total Sales

    Ali Morrison
    Section Image
  • Scott Friesen

    Buyer's Agent in 2023

    Scott Friesen

    MOVE REAL ESTATE

    (415) 961-0281

    1 in this area

    82 Total Sales

    Scott Friesen
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 798092

Willamette Valley MLS

APN: 592387

Oregon Marion County Salem 97302 Faye Wright

1115 Boone Rd SE, Salem, OR

This home is located at 1115 Boone Rd SE, Salem, OR 97306 since 20 September 2022 and is currently estimated at $453,477, approximately $278 per square foot. This property was built in 1936. 1115 Boone Rd SE is a home located in Marion County with nearby schools including Wright Elementary School, Judson Middle School, and Sprague 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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