NOT LISTED FOR SALE

1505 Tierra Dr NE Salem, OR 97301

East Lancaster Neighborhood

Estimated Value: $439,000 - $543,000

5 Beds
3 Baths
2,269 Sq Ft
$219/Sq Ft Est. Value

Last Sold July 16, 2019

Last sale price $240,000 $106 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,055/month

146 Days on Market

Highlights

  • RV Access or Parking
  • Wood Flooring
  • Patio
  • Living Room with Fireplace
  • 2 Car Detached Garage
  • 5-minute walk to Weathers Street Park

About This Home

As of July 2019

Major Price Improvement!!! Would be a great investor purchase!Huge home w/ lots of potential. Great for multi generational/dual living. Additional 852 Sq ft of living space above garage. Currently rented for $2019 monthly. Big lot w/ detached 2 car garage. Home needs some TLC - sold in As-Is Condition. Location is great for shopping, bus, and near schools.

Last Agent to Sell the Property

MARGARET BROADDUS

WORKS REAL ESTATE License #200102176 Listed on: 01/02/2019

WORKS REAL ESTATE

Last Buyer's Agent

Nathan Wu

HOMESMART REALTY GROUP License #201213984

HOMESMART REALTY GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,150

Year Built

  • Built in 1938

Lot Details

  • 0.28 Acre Lot
  • Partially Fenced Property
  • Landscaped
  • Sprinkler System
  • Property is zoned RS

Home Design

  • Tri-Level Property
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,269 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Exclusions: Washer & Dryer

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,150

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 3 Tri-Level
  • Dual Living: Possible, Yes
  • Range Facility: Electric
  • Syndicated Remarks: Major Price Improvement!!! Would be a great investor purchase! Huge home w/ lots of potential. Great for multi generational/dual living. Additional 852 Sq ft of living space above garage. Currently rented for $2019 monthly. Big lot w/ detached 2 car garage. Home needs some TLC - sold in As-Is Condition. Location is great for shopping, bus, and near schools.
  • Cross Street: Market
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: Washer & Dryer
  • Fireplace: Living Room, Gas
  • Negotiable Inclusions: Fridge and Range
  • Flooring: Carpet, Wood, Laminate, Vinyl
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Price Per Sq Ft: 105.77
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 105.77

Exterior Features

  • Patio: Patio
  • Exterior Color: Yello
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Vinyl

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Gas, Central Ac, Heat Pump, Forced Air
  • Sewer City: Yes
  • Water: City
  • Water Heater: Electric, Gas

Schools

  • Elementary School: Swegle
  • Middle School: Waldo
  • High School: McKay

Lot Info

  • Acres: 0.28
  • Estimated Lot Sq Ft: 12300
  • Lot: .
  • Price Per Acre: 857142.86
  • Rv Amenities: Area/Room For
  • Underground Sprinklers: Yes
  • Zoning: RS

Tax Info

  • Tax Years: 2018
  • Tax Account Number: R76430
  • Tax Amount: 4150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2019
Closed on
Jul 2, 2019
Sold by
Green Lois A and Grippin Lois A
Bought by
Chen John and Cen Binying
Seller's Agent
MARGARET BROADDUS
WORKS REAL ESTATE
Buyer's Agent
Nathan Wu
HOMESMART REALTY GROUP
List Price
$240,000
Sold Price
$240,000
Current Estimated Value
$496,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,879
Avg. Annual Appreciation
12.41%
Original Mortgage
$180,000
Outstanding Balance
$157,955
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$338,924

Purchase Details

Closed on
Nov 5, 2012
Sold by
Green Lois A
Bought by
Green Lois A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,250
Interest Rate
3.36%
Mortgage Type
Stand Alone First
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
Chen John $240,000 Amerititle
Green Lois A $145,700 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen John $180,000
Previous Owner Green Lois A $133,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2019 07/16/19 Sold $240,000 0.0% $106 / Sq Ft
05/23/2019 05/23/19 For Sale $240,000 0.0% $106 / Sq Ft
05/22/2019 05/22/19 Off Market $240,000 -- --
05/15/2019 05/15/19 Price Changed $240,000 -12.7% $106 / Sq Ft
02/01/2019 02/01/19 Price Changed $275,000 -8.0% $121 / Sq Ft
01/02/2019 01/02/19 For Sale $299,000 -- $132 / 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 $5,049 $257,170 -- --
2023 $4,900 $249,680 $0 $0
2022 $4,620 $242,410 $0 $0
2021 $4,488 $235,350 $0 $0
2020 $4,358 $228,500 $0 $0
2019 $4,204 $221,850 $0 $0
2018 $4,279 $0 $0 $0
2017 $3,862 $0 $0 $0
2016 $3,678 $0 $0 $0
2015 $3,706 $0 $0 $0
2014 $3,587 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • MARGARET BROADDUS

    Seller's Agent in 2019

    MARGARET BROADDUS

    WORKS REAL ESTATE

    (503) 871-2741

    1 in this area

    38 Total Sales

    MARGARET BROADDUS
    Section Image
  • Nathan Wu

    Buyer's Agent in 2019

    Nathan Wu

    HOMESMART REALTY GROUP

    (503) 851-0718

    91 Total Sales

    Nathan Wu
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 743012

Willamette Valley MLS

APN: 576430

Oregon Marion County Salem 97301 East Lancaster

1505 Tierra Dr NE, Salem, OR

This home is located at 1505 Tierra Dr NE, Salem, OR 97301 since 02 January 2019 and is currently estimated at $496,879, approximately $218 per square foot. This property was built in 1938. 1505 Tierra Dr 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

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