NOT LISTED FOR SALE

1550 Madison St NE Salem, OR 97301

Northeast Neighbors Neighborhood

Estimated Value: $381,000 - $410,000

4 Beds
2 Baths
1,686 Sq Ft
$232/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $371,000 $220 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,377/month

13 Days on Market

Highlights

  • Traditional Architecture
  • Private Yard
  • Covered Patio or Porch
  • Wood Flooring
  • No HOA
  • Stainless Steel Appliances

About This Home

As of May 2022

Charming NE Salem bungalow on a quiet street with a fully-fenced backyard! This home boasts 4 bedrooms, 2 bathrooms, brand new carpet and original hardwoods. Converted garage has its own separate access and bathroom, so it's perfect as an en suite, in-law quarters or second living room! Great access to I-5! You will love this home!

Last Agent to Sell the Property

Joshua Creekmore

Premiere Property Group, LLC License #201220098 Listed on: 04/21/2022

Premiere Property Group, LLC

Co-Listed By

Norm Transeth

Premiere Property Group, LLC License #201215812

Last Buyer's Agent

Christine Folz

Real Broker License #201204657

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,696

Year Built

  • Built in 1939

Lot Details

  • 4,791 Sq Ft Lot
  • Fenced
  • Level Lot
  • Private Yard

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,686 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room
  • Crawl Space

Kitchen

  • Free-Standing Range
  • Stainless Steel Appliances

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Converted Garage
  • Driveway
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Englewood Elementary School
  • Parrish Middle School
  • North Salem High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Englewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 588285

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,696

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1939
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2, Traditional
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 2.0
  • Interior Amenities: HardwoodFloors, LaminateFlooring, WalltoWallCarpet
  • Room 4 Description: UtilityRoom
  • Room 4 Level: Main
  • Basement: CrawlSpace
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: Cooktop, FreeStandingRange, FreeStandingRefrigerator, StainlessSteelAppliance
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Main Level Full Bathrooms: 2
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 2.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt3000to4999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Fourth Bedroom Area: 80
  • Bedroom 7 Area: 144
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Other Room8 Area: 192
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Other Room9 Area: 99
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: VinylSiding
  • Exterior Features: CoveredPatio, Fenced, Yard
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Converted
  • Parking Description: Driveway, OnStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Englewood
  • High School: North Salem
  • Middle Or Junior School: Parrish

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: 588285

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2020
  • Tax Annual Amount: 2695.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2016
Closed on
Nov 2, 2016
Sold by
Vargas Christopher H and Vargas Idalmis
Bought by
Anderson Taryn Renee
Seller's Agent
Shawn Richardson
OPT
Buyer's Agent
Jared Hambrook
LEGACY REAL ESTATE
List Price
$190,000
Sold Price
$185,000
Premium/Discount to List
-$5,000
-2.63%
Current Estimated Value
$386,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,633
Avg. Annual Appreciation
8.94%
Original Mortgage
$181,649
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 2009
Sold by
Vargas Christopher H
Bought by
Vargas Christopher H and Vargas Idalmis

Purchase Details

Closed on
Feb 7, 2006
Sold by
Grover Gerald A and Grover Jane E
Bought by
Vargas Christopher H
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
Anderson Taryn Renee $185,000 Fidelity National Title
Vargas Christopher H -- None Available
Vargas Christopher H $148,900 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Taryn Renee $220,000
Closed Anderson Taryn Renee $181,649
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $371,000 +3.1% $220 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $359,900 0.0% $213 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $359,900 +94.5% $213 / Sq Ft
11/10/2016 11/10/16 Sold $185,000 -2.6% $110 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
09/02/2016 09/02/16 For Sale $190,000 -- $113 / 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 $3,123 $159,070 -- --
2023 $3,031 $154,440 $0 $0
2022 $2,858 $149,950 $0 $0
2021 $2,777 $145,590 $0 $0
2020 $2,779 $141,350 $0 $0
2019 $2,681 $137,240 $0 $0
2018 $2,647 $0 $0 $0
2017 $2,389 $0 $0 $0
2016 $2,276 $0 $0 $0
2015 $2,293 $0 $0 $0
2014 $2,219 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joshua Creekmore

    Seller's Agent in 2022

    Joshua Creekmore

    Premiere Property Group, LLC

    (503) 826-6624

    1 in this area

    65 Total Sales

    Section Image

  • N

    Seller Co-Listing Agent in 2022

    Norm Transeth

    Premiere Property Group, LLC

    Section Image
  • Christine Folz

    Buyer's Agent in 2022

    Christine Folz

    Real Broker

    (503) 949-3087

    12 in this area

    221 Total Sales

    Section Image
  • Shawn Richardson

    Seller's Agent in 2016

    Shawn Richardson

    OPT

    (503) 853-1784

    2 in this area

    37 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2016

    MARK HASTINGS

    PREMIERE PROPERTY GROUP, LLC

    Section Image
  • Jared Hambrook

    Buyer's Agent in 2016

    Jared Hambrook

    LEGACY REAL ESTATE

    (503) 930-2124

    40 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22413584

Regional Multiple Listing Service (RMLS)

APN: 588285

Oregon Marion County Salem 97301 Northeast Neighbors

1550 Madison St NE, Salem, OR

This home is located at 1550 Madison St NE, Salem, OR 97301 since 21 April 2022 and is currently estimated at $391,550, approximately $232 per square foot. This property was built in 1939. 1550 Madison St NE is a home located in Marion County with nearby schools including Englewood Elementary School, Parrish Middle School, and North Salem 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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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