NOT LISTED FOR SALE

1940 Broadway St NE Salem, OR 97301

Highland Neighborhood

Estimated Value: $96,000 - $320,000

2 Beds
1 Bath
888 Sq Ft
$201/Sq Ft Est. Value

Last Sold February 10, 2025

Last sale price $95,000 $107 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,105/month

5 Days on Market

Highlights

  • Territorial View
  • First Floor Utility Room
  • Carpet
  • Main Floor Primary Bedroom
  • Wood Siding

About This Home

As of February 2025

Investor alert! Zoned RM2. Cash only sale. Email listing agent for interior photos. House of little value. No utilities on. Viewing only after an accepted offer. Buyer must accept all contents left in home at closing. House will not be cleared out. Sale includes both: Parcel ID 567149 and Parcel ID 567150. Any tests/inspections buyers want to perform need to be conducted during their walk through after an accepted offer. Viewings upon an accepted offer.

Last Agent to Sell the Property

Bridget Welborn

HOMESMART REALTY GROUP License #201207994 Listed on: 01/06/2025

HOMESMART REALTY GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,415

Year Built

  • Built in 1938

Lot Details

  • 9,583 Sq Ft Lot
  • Property is zoned RM2

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 888 Sq Ft Home
  • 1.5-Story Property
  • First Floor Utility Room
  • Territorial Views
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Schools

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

Utilities

  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • Broadway Addition Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,415

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1.5 Story
  • Range Facility: Electric
  • Syndicated Remarks: Investor alert! Zoned RM2. Cash only sale. Email listing agent for interior photos. House of little value. No utilities on. Viewing only after an accepted offer. Buyer must accept all contents left in home at closing. House will not be cleared out. Sale includes both: Parcel ID 567149 and Parcel ID 567150. Any tests/inspections buyers want to perform need to be conducted during their walk through after an accepted offer. Viewings upon an accepted offer.
  • Cross Street: River St
  • Year Built: 1938
  • Home Style2: 1.5 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Negotiable Inclusions: All contents of home included in the sale
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 2/Upper
  • Dining Room: 1/Main, On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Price Per Sq Ft: 106.98
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 111.49

Exterior Features

  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Heating/Cooling: Oil
  • Sewer City: Yes
  • Water: City
  • Water Heater: Electric

Schools

  • Elementary School: Highland
  • Middle School: Parrish
  • High School: North Salem

Lot Info

  • Acres: 0.22
  • Lot: 8
  • Lot Type: Common Area
  • Price Per Acre: 450000
  • Zoning: RM2
  • Geo Subdivision: OR

Green Features

  • Smart Home Features: No

Tax Info

  • Tax Years: 2023
  • Tax Account Number: 567149 & 567150
  • Tax Amount: 1415

MLS Schools

  • HighSchool: North Salem
  • Middle School: Parrish
  • Elementary School: Highland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2025
Closed on
Jan 27, 2025
Sold by
Strozut Darlene
Bought by
Dougherty Properties Llc
Seller's Agent
Bridget Welborn
HOMESMART REALTY GROUP
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%
Current Estimated Value
$178,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,333
Avg. Annual Appreciation
534.13%
Original Mortgage
$80,000
Outstanding Balance
$73,743
Interest Rate
6.85%
Mortgage Type
Seller Take Back
Estimated Equity
$152,590
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
Dougherty Properties Llc $95,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dougherty Properties Llc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Sold $95,000 -4.0% $107 / Sq Ft
01/11/2025 01/11/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $99,000 -- $111 / 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 $1,457 $74,190 -- --
2023 $1,414 $72,030 $0 $0
2022 $1,333 $69,940 $0 $0
2021 $1,295 $67,910 $0 $0
2020 $1,257 $65,940 $0 $0
2019 $1,323 $69,830 $0 $0
2018 $1,347 $0 $0 $0
2017 $1,216 $0 $0 $0
2016 $1,158 $0 $0 $0
2015 $1,167 $0 $0 $0
2014 $1,129 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    Bridget Welborn

    HOMESMART REALTY GROUP

See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 825404

Willamette Valley MLS

APN: 567149

Oregon Marion County Salem 97301 Highland

1940 Broadway St NE, Salem, OR

This home is located at 1940 Broadway St NE, Salem, OR 97301 since 06 January 2025 and is currently estimated at $178,333, approximately $200 per square foot. This property was built in 1938. 1940 Broadway St NE is a home located in Marion County with nearby schools including Highland 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.

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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