$284,000
SOLD JUL 18, 2025

140 Elma Ave SE Salem, OR 97317

1 Bed
1 Bath
489 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$581 Per Sq Ft

3% Above List Price

34 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Patio
  • Private Yard
  • Stainless Steel Appliances
  • Living Room

About This Home

As of July 2025

Dream starter home that has been tastefully updated. This home features a large yard and detached artist studio / hobby room. Updates include brand new siding, all new kitchen, bath, flooring, doors, trim, paint inside and out and more. This is not one you want to miss. Listing agent is a member of the LLC.

Last Agent to Sell the Property

Sean Robbins

eXp Realty LLC License #201206043 Listed on: 05/17/2025

eXp Realty LLC

Last Buyer's Agent

Stephanie Fox

Neighbors Realty License #201209529

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,803

Year Built

  • Built in 1940

Lot Details

  • 3,920 Sq Ft Lot
  • Fenced
  • Level Lot
  • Private Yard
  • Property is zoned RM

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 489 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Territorial Views
  • Stainless Steel Appliances

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Patio

Schools

  • Four Corners Elementary School
  • Houck Middle School
  • North Salem High School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 338663

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,803

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Year Built: 1940
  • Property Condition: Approximately
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Total Bathrooms: 1.0
  • Interior Amenities: VinylFloor, WalltoWallCarpet
  • Basement: None
  • Appliances: StainlessSteelAppliance
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt3000to4999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Other Room9 Area: 48
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: Fenced, Patio, Yard
  • Lot Size: 3,000 to 4,999 SqFt
  • View: Yes
  • Lot Features: Level
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Four Corners
  • High School: North Salem
  • Middle Or Junior School: Houck

Lot Info

  • Zoning: RM
  • Land Lease: No
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 338663

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 1803.12
  • Tax Opportunity Zone: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2021
Sold by
Equity West Lth Pool Vi Llc
Bought by
Hambone Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,533,300
Outstanding Balance
$3,749,554
Interest Rate
3.09%
Mortgage Type
Commercial
Estimated Equity
-$3,443,284

Purchase Details

Closed on
Aug 27, 2018
Sold by
Rain City Capital Of Oregon Llc
Bought by
Vantage Hom Es Llc

Purchase Details

Closed on
Feb 5, 2018
Sold by
Vantage Homes Llc
Bought by
Ewcp Lth Fund Llc

Purchase Details

Closed on
Aug 2, 2017
Sold by
Andresen Randy S
Bought by
Sinclair Coy and Sinclair Ruth

Purchase Details

Closed on
May 26, 2017
Sold by
Andresen Randy S and Andresen Randy Scott
Bought by
Vantage Homes Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- Accommodation
Quit Claim Deed -- Amerititle
Bargain Sale Deed -- None Available
Sheriffs Deed $51,000 None Available
Bargain Sale Deed $200 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $213,000 New Conventional
Open $12,533,300 Commercial
Previous Owner $56,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Sold $284,000 +3.3% $581 / Sq Ft
06/20/2025 06/20/25 Pending -- -- --
05/31/2025 05/31/25 For Sale $275,000 0.0% $562 / Sq Ft
05/21/2025 05/21/25 Pending -- -- --
05/17/2025 05/17/25 For Sale $275,000 -- $562 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $1,803 $103,720 -- --
2023 $1,709 $100,700 $0 $0
2022 $1,613 $97,770 $0 $0
2021 $1,599 $94,930 $0 $0
2020 $1,550 $92,170 $0 $0
2019 $1,514 $89,490 $0 $0
2018 $1,515 $0 $0 $0
2017 $1,410 $0 $0 $0
2016 $1,780 $0 $0 $0
2015 $1,574 $0 $0 $0
2014 $1,556 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 522499747

Regional Multiple Listing Service (RMLS)

APN: 338663