NOT LISTED FOR SALE

1235 Hoffman Rd NE Salem, OR 97301

East Lancaster Neighborhood

Estimated Value: $487,000 - $594,000

0.45 Acre
$1,182,338 Price per Acre
19,733 Sq Ft Lot

Last Sold June 11, 2018

Last sale price $150,000

Est. 257% increase in value since last sale

Current estimated payment $3,484/month

1 Day on Market

About This Lot

As of June 2018

Large 0.45 acre lot next to Park! Home of little or no value. Property valued for the land. Possible retrofit or demolish and build? Builders-possibly dividable per County. Existing house with utilities could mean possible little system development fees. Just outside City limit. Is hooked to City Sewer. Well currently on property but City may require connecting to City Water. Per Seller gas available at street. Buyer to do due diligence with City of Salem & Marion County regards to improvements and uses.

Last Agent to Sell the Property

TABITHA L. SOLBERG

HOMESMART REALTY GROUP License #200610103 Listed on: 05/23/2018

HOMESMART REALTY GROUP

Last Buyer's Agent

SERGIO ARREDONDO

HOMESMART REALTY GROUP License #201218945

HOMESMART REALTY GROUP

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $760

Year Built

  • 1938

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 94.96 x 224.73
  • Property is zoned UD

Additional Features

  • Territorial Views
  • Well

Community Details

  • East Salem Fruit Farms Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 3

Property Details

Property Type

Land

Est. Annual Taxes

$760

Year Built

1938

Lot Details

0

Listing Details

  • Class: Bare Land
  • Type: Lot (Under 1 Acre)
  • Syndicated Remarks: Large 0.45 acre lot next to Park! Home of little or no value. Property valued for the land. Possible retrofit or demolish and build? Builders-possibly dividable per County. Existing house with utilities could mean possible little system development fees. Just outside City limit. Is hooked to City Sewer. Well currently on property but City may require connecting to City Water. Per Seller gas available at street. Buyer to do due diligence with City of Salem & Marion County regards to improvements and uses.
  • Cross Street: Swegle
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1938

Interior Features

  • Price Per Sq Ft: 333333.33
  • Price Per Sq Ft: 8.05

Exterior Features

  • View: Territorial
  • Access: Paved
  • Fenced: Partial

Utilities

  • Water: City, Possible, Well
  • Electricity: Available
  • Natural Gas: Available
  • Sewer Available: Yes

Lot Info

  • Acres: 0.453
  • Estimated Lot Dimensions: 94.96 x 224.73
  • Estimated Lot Sq Ft: 19740
  • Lot: 3
  • Lot Type: Dimension Above
  • Price Per Acre: 350993.38
  • Zoning: UD
  • Corners: Platted Subdivision
  • Geo Subdivision: OR

Tax Info

  • Tax Account Number: R71745
  • Tax Amount: 760

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2021
Sold by
Excellence Investments And Rentals Inc
Bought by
Franco Jessica L
Total Days on Market
1
Current Estimated Value
$535,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Outstanding Balance
$278,509
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$243,037

Purchase Details

Listed on
May 23, 2018
Closed on
Jun 8, 2018
Sold by
Mary E Brand Revocable Living Trust
Bought by
Execellence Investments And Rental Inc
Seller's Agent
TABITHA L. SOLBERG
HOMESMART REALTY GROUP
Buyer's Agent
SERGIO ARREDONDO
HOMESMART REALTY GROUP
List Price
$159,000
Sold Price
$150,000
Premium/Discount to List
-$9,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.42%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Excellence Investments And Rental Inc $150,000 First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2018 06/11/18 Sold $150,000 -5.7% --
05/24/2018 05/24/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $159,000 -- --
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 $5,898 $300,370 -- --
2023 $5,724 $291,630 $0 $0
2022 $5,397 $283,140 $0 $0
2021 $5,243 $274,900 $0 $0
2020 $3,242 $164,900 $0 $0
2019 $2,113 $14,730 $0 $0
2018 $966 $0 $0 $0
2017 $760 $0 $0 $0
2016 $730 $0 $0 $0
2015 $722 $0 $0 $0
2014 $639 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    TABITHA L. SOLBERG

    HOMESMART REALTY GROUP

    (503) 910-2244

    9 Total Sales

    TABITHA L. SOLBERG
    Section Image
  • SERGIO ARREDONDO

    Buyer's Agent in 2018

    SERGIO ARREDONDO

    HOMESMART REALTY GROUP

    (503) 586-4841

    5 in this area

    18 Total Sales

    SERGIO ARREDONDO
    Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 733901

Willamette Valley MLS

APN: 571745

Oregon Marion County Salem 97301 East Lancaster

1235 Hoffman Rd NE, Salem, OR

This home is located at 1235 Hoffman Rd NE, Salem, OR 97301 since 23 May 2018 and is currently estimated at $535,599. This property was built in 1938. 1235 Hoffman Rd 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

Nearby Homes