NOT LISTED FOR SALE

1478 Madras St SE Unit 2 Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $289,000 - $297,255

2 Beds
1 Bath
1,116 Sq Ft
871 Sq Ft Lot

Last Sold August 30, 2016

Last sale price $138,000 $124 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $1,784/month

3 Days on Market

Highlights

  • In Ground Pool
  • Tennis Courts
  • 1 Car Attached Garage
  • Living Room with Fireplace
  • First Floor Utility Room
  • Covered Deck

About This Home

As of August 2016

Updated and beautiful rare SE Salem condo featuring 2 bedrooms, 1.5 baths. Fully updated kitchen with newer cabinetry, granite counters, tile flooring, and work area with pantry. Light and bright living room with large window, slider leading to covered deck, wood fireplace & laminate flooring. Spacious master loft & guest bedroom on 2nd floor. Large updated full bath upstairs & half bath down - both w/ newer cabinetry & granite counters. Attached single garage with large utility area. This is a must see!

Last Agent to Sell the Property

Zahava Thornton

KELLER WILLIAMS REALTY MID WILLAMETTE License #201247938 Listed on: 07/12/2016

KELLER WILLIAMS REALTY MID WILLAMETTE

Last Buyer's Agent

Nicolas Towle

REDFIN License #201235883

REDFIN

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,083

Year Built

  • Built in 1978

Lot Details

  • Partially Fenced Property
  • Landscaped
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Home Design

  • Wood Siding
  • T111 Siding

Interior Spaces

  • 1,116 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • First Floor Utility Room

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool
  • Covered Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 2

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,083

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Condominium
  • Home Style: 2 Story
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Updated and beautiful rare SE Salem condo featuring 2 bedrooms, 1.5 baths. Fully updated kitchen with newer cabinetry, granite counters, tile flooring, and work area with pantry. Light and bright living room with large window, slider leading to covered deck, wood fireplace & laminate flooring. Spacious master loft & guest bedroom on 2nd floor. Large updated full bath upstairs & half bath down - both w/ newer cabinetry & granite counters. Attached single garage with large utility area. This is a must see!
  • Cross Street: Commercial
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room, Wood
  • Negotiable Inclusions: Frig, Range, W/D
  • Flooring: Carpet, Laminate, Tile
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 17.5x10.2, On Level: 2/Upper
  • Bedroom 2: Dimensions: 13.6x10.5, On Level: 2/Upper
  • Dining Room: 1/Main, On Level: 1/Main
  • Living Room: Dimensions: 16.3x17.2, On Level: 1/Main
  • Kitchen: Dimensions: 13x6, On Level: 1/Main
  • Utility Room Level: 1/Main
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Covered Deck
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Siding: Wood
  • Siding Style: T111
  • Swimming Pool: In-Ground Pool

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

  • Heating/Cooling: Electric, Central Ac, Heat Pump, Forced Air
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • Homeowners Assn: Association With Fee
  • Homeowners Assn Amnts: Swimming Pool, Tennis Court

Lot Info

  • Acres: 0.02
  • Estimated Lot Sq Ft: 871
  • Lot: 2
  • Underground Sprinklers: Yes
  • Zoning: RM2
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2016
  • Tax Amount: 2083

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2016
Closed on
Jul 22, 2016
Sold by
Minas Doris M
Bought by
Leamon Calli M
Seller's Agent
Zahava Thornton
KELLER WILLIAMS REALTY MID WILLAMETTE
Buyer's Agent
Nicolas Towle
REDFIN
List Price
$139,900
Sold Price
$138,000
Premium/Discount to List
-$1,900
-1.36%
Current Estimated Value
$293,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,128
Avg. Annual Appreciation
8.57%
Original Mortgage
$133,860
Outstanding Balance
$106,306
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$186,822

Purchase Details

Listed on
Mar 14, 2016
Closed on
Apr 22, 2016
Sold by
Storm Camille A
Bought by
Minas Doris M
Seller's Agent
Holly Ivy-Wyllie
KNIPE REALTY ERA POWERED
Buyer's Agent
Lacey Stark
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
List Price
$120,000
Sold Price
$118,000
Premium/Discount to List
-$2,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.41%

Purchase Details

Listed on
Sep 20, 2013
Closed on
Nov 20, 2013
Sold by
Big Wave Llc
Bought by
Storm Camillie A
Seller's Agent
Holly Ivy-Wyllie
KNIPE REALTY ERA POWERED
Buyer's Agent
Holly Ivy-Wyllie
KNIPE REALTY ERA POWERED
List Price
$100,000
Sold Price
$98,500
Premium/Discount to List
-$1,500
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$84,420
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2013
Closed on
Jun 18, 2013
Sold by
Pnc Bank National Association
Bought by
Bigwave Llc
Seller's Agent
Carrie Hamilton
RE/MAX INTEGRITY - SALEM
Buyer's Agent
Holly Ivy-Wyllie
KNIPE REALTY ERA POWERED
List Price
$79,000
Sold Price
$70,000
Premium/Discount to List
-$9,000
-11.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.01%

Purchase Details

Closed on
Nov 6, 2012
Sold by
Hopkins Cheryl L and Lesmeister Lawrence J
Bought by
Pnc Bank National Association

Purchase Details

Closed on
Nov 29, 2005
Sold by
Ramsden Karen
Bought by
Hopkins Cheryl L and Lesmeister Ii Lawrence J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
6.75%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 14, 2004
Sold by
Dominick Richard L
Bought by
Ramsden Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,300
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2001
Sold by
Thompson Trace N and Thompson Serena Y
Bought by
Dominick Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,250
Interest Rate
6.84%
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
Leamon Calli M $138,000 Fatco
Minas Doris M $118,000 Fidelity Natl Title Co Of Or
Storm Camillie A $93,800 Amerititle
Bigwave Llc $70,000 Fidelity Natl Title Co Of Or
Pnc Bank National Association $80,000 None Available
Hopkins Cheryl L $137,000 Ticor Title
Ramsden Karen $117,900 Fidelity Natl Title Co Of Or
Dominick Richard L $97,000 Key Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leamon Calli M $133,860
Previous Owner Storm Camillie A $84,420
Previous Owner Hopkins Cheryl L $109,600
Previous Owner Ramsden Karen $94,300
Previous Owner Dominick Richard L $87,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2016 08/30/16 Sold $138,000 -1.4% $124 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $139,900 +18.6% $125 / Sq Ft
04/25/2016 04/25/16 Sold $118,000 -1.7% $106 / Sq Ft View Prior Sale
04/03/2016 04/03/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $120,000 +21.8% $108 / Sq Ft
12/18/2013 12/18/13 Sold $98,500 -1.5% $88 / Sq Ft View Prior Sale
12/18/2013 12/18/13 Pending -- -- --
09/20/2013 09/20/13 For Sale $100,000 +42.9% $90 / Sq Ft
06/20/2013 06/20/13 Sold $70,000 -11.4% $63 / Sq Ft View Prior Sale
05/28/2013 05/28/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $79,000 -- $71 / 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 $2,902 $147,820 -- $147,820
2023 $2,817 $143,520 $0 $143,520
2022 $2,656 $139,340 $0 $0
2021 $2,580 $135,290 $0 $0
2020 $2,505 $131,350 $0 $0
2019 $2,417 $127,530 $0 $0
2018 $2,460 $0 $0 $0
2017 $2,220 $0 $0 $0
2016 $2,115 $0 $0 $0
2015 $2,083 $0 $0 $0
2014 $1,801 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Holly Ivy-Wyllie

    Seller's Agent in 2016

    Holly Ivy-Wyllie

    KNIPE REALTY ERA POWERED

    (503) 851-5940

    1 in this area

    33 Total Sales

    Holly Ivy-Wyllie
    Section Image

  • Z

    Seller's Agent in 2016

    Zahava Thornton

    KELLER WILLIAMS REALTY MID WILLAMETTE

    Section Image
  • Lacey Stark

    Buyer's Agent in 2016

    Lacey Stark

    COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    (503) 510-5038

    6 in this area

    80 Total Sales

    Lacey Stark
    Section Image
  • Carrie Hamilton

    Seller's Agent in 2013

    Carrie Hamilton

    RE/MAX

    (503) 999-4266

    5 in this area

    113 Total Sales

    Carrie Hamilton
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 707063

Willamette Valley MLS

APN: 575824

Oregon Marion County Salem 97306 South Gateway

1478 Madras St SE Unit 2, Salem, OR

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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