NOT LISTED FOR SALE

1545 Madras St SE Unit 1549 Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $490,010 - $552,000

5 Beds
2 Baths
1,928 Sq Ft
$269/Sq Ft Est. Value

Last Sold November 10, 2023

Last sale price $500,000 $259 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,117/month

34 Days on Market

Highlights

  • Dining Area
  • Lap Siding
  • Vinyl Flooring
  • Partially Fenced Property

About This Home

As of November 2023

Fantastic Duplex in a great south Salem location - updated 3 bedrooms / 1 bath on one side and 2 bedrooms / 1 bath on the other. Comes with appliances in kitchens, single car garages with washer/dryer hookups. Transferable Tesla solar panels to offset utility costs!! Perfect for owner occupied buyer with one side currently rented!!

Last Agent to Sell the Property

Bill Horton

CASCADE HASSON SOTHEBY'S INTERNATIONAL REALTY License #201225605 Listed on: 09/14/2023

CASCADE HASSON SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Joseph Olivares

BELLA CASA REAL ESTATE GROUP License #201239628

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,515

Year Built

  • Built in 1976

Lot Details

  • 6,926 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,928 Sq Ft Home
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Schools

  • Battlecreek Elementary School
  • Judson Middle School
  • Sprague High School

Utilities

  • Radiant Ceiling
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,515

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Syndicated Remarks: Fantastic Duplex in a great south Salem location - updated 3 bedrooms / 1 bath on one side and 2 bedrooms / 1 bath on the other. Comes with appliances in kitchens, single car garages with washer/dryer hookups. Transferable Tesla solar panels to offset utility costs!! Perfect for owner occupied buyer with one side currently rented!!
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Refrigerator Included
  • Flooring: Laminate, Vinyl
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Dining Room: Area (Combination)
  • Laundry: W/D Hookup

Exterior Features

  • Fenced Yard: Partial
  • Foundation: Continuous
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap

Utilities

  • Heating: Radiant Ceiling
  • Water: City
  • Water Heater: Electric
  • Sewer: City

Lot Info

  • Acres: 0.159
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2022
  • Tax Amount: 4515

Multi Family

  • Number Of Units: 2

MLS Schools

  • HighSchool: Sprague
  • Middle School: Judson
  • Elementary School: Battlecreek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2025
Sold by
Adams Taylor T and Adams Charles R
Bought by
Adams Taylor and Adams Delaney
Current Estimated Value
$519,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,175
Outstanding Balance
$414,361
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$104,892

Purchase Details

Listed on
Sep 14, 2023
Closed on
Nov 17, 2023
Sold by
Wilber Stacie Joy
Bought by
Adams Taylor T and Adams Charles R
Seller's Agent
Bill Horton
CASCADE HASSON SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Joseph Olivares
BELLA CASA REAL ESTATE GROUP
List Price
$499,900
Sold Price
$500,000
Premium/Discount to List
$100
0.02%
Views
319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.94%
Original Mortgage
$400,000
Interest Rate
7.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2020
Sold by
Rankin Llc
Bought by
Wilber Stacie Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2018
Sold by
Wilber Stacie J
Bought by
Rankin Llc

Purchase Details

Closed on
Mar 8, 2018
Sold by
Wilber Stacie J
Bought by
Rankin Llc

Purchase Details

Closed on
May 15, 2017
Sold by
Nyleen Bo B and Nyleen Christa M
Bought by
Wilber Stacie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,200
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2014
Sold by
Nationstar Mortgage Llc
Bought by
Nyleen Bo B and Nyleen Christa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,643
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2014
Sold by
Thompson Glenn
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Sep 6, 2006
Sold by
Hawatmeh Elias
Bought by
Thompson Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2006
Sold by
Stowell Llc
Bought by
Hawatmeh Elias

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,300
Interest Rate
6.27%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 24, 2002
Sold by
Stowell Richard H and Stowell Carol A
Bought by
Stowell Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Adams Taylor -- First American Title
Adams Taylor T $500,000 Amerititle
Wilber Stacie Joy -- Fidelity Natl Ttl Co Of Or
Rankin Llc -- None Listed On Document
Rankin Llc -- None Available
Wilber Stacie J $276,000 Amerititle
Nyleen Bo B $164,857 Fatco
Nationstar Mortgage Llc -- Amerititle
Thompson Glenn $245,000 Ticor Title
Hawatmeh Elias $199,000 Ticor Title
Stowell Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Taylor $417,175
Previous Owner Adams Taylor T $400,000
Previous Owner Wilber Stacie Joy $197,000
Previous Owner Wilber Stacie J $193,200
Previous Owner Nyleen Bo B $123,643
Previous Owner Thompson Glenn $196,000
Previous Owner Hawatmeh Elias $139,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2023 11/10/23 Sold $500,000 0.0% $259 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $499,900 -- $259 / 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 $4,786 $243,750 -- --
2023 $4,645 $236,660 $0 $0
2022 $4,380 $229,770 $0 $0
2021 $4,254 $223,080 $0 $0
2020 $4,130 $216,590 $0 $0
2019 $3,985 $210,290 $0 $0
2018 $4,056 $0 $0 $0
2017 $3,661 $0 $0 $0
2016 $3,487 $0 $0 $0
2015 $2,940 $0 $0 $0
2014 $2,846 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Bill Horton

    CASCADE HASSON SOTHEBY'S INTERNATIONAL REALTY

    Section Image
  • Joseph Olivares

    Buyer's Agent in 2023

    Joseph Olivares

    BELLA CASA REAL ESTATE GROUP

    (971) 237-6342

    6 in this area

    45 Total Sales

    Joseph Olivares
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 809742

Willamette Valley MLS

APN: 573978

Oregon Marion County Salem 97306 South Gateway

1545 Madras St SE Unit 1549, 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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