NOT LISTED FOR SALE

1961 Madras St SE Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $355,000 - $383,730

3 Beds
3.5 Baths
1,746 Sq Ft
1,742 Sq Ft Lot

Sale Details

Date Sold: November 4, 2020

Last sale price $284,900 $163 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,393 / mo

19 Days on Market

Highlights

  • Living Room with Fireplace
  • 1 Car Attached Garage
  • Tile Flooring
  • Territorial View
  • Covered Deck
  • Landscaped

About This Home

As of November 2020

Three master suites! This open concept townhome features hardwood flooring in the kitchen and dining area, granite countertops, stainless steel appliances, built-in desk, high ceilings and an oversize 1 car garage w/opener. Low maintenance - low HOA fees at $138 per month for exterior maintenance and landscaping! Enjoy your morning coffee off of your covered deck. Great location for easy and quick access to shopping and the freeway.

Last Agent to Sell the Property

Kevin Nunn

TRADITION REAL ESTATE PARTNERS License #201207110 Listed on: 08/26/2020

Co-Listed By

Mandi Mack

TRADITION REAL ESTATE PARTNERS License #201222859

Last Buyer's Agent

Luann Galloway

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. License #780303765

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,585

Year Built

  • Built in 2011

Lot Details

  • 1,742

Parking

  • 1 Car Attached Garage

Home Design

  • Tri-Level Property
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,746 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Territorial Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Covered Deck
  • Landscaped

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot 164

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,585

Year Built

Built in 2011

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Condominium
  • Home Style: 3 Tri-Level
  • Range Facility: Gas, Microwave Included, Range Included
  • Syndicated Remarks: Three master suites! This open concept townhome features hardwood flooring in the kitchen and dining area, granite countertops, stainless steel appliances, built-in desk, high ceilings and an oversize 1 car garage w/opener. Low maintenance - low HOA fees at $138 per month for exterior maintenance and landscaping! Enjoy your morning coffee off of your covered deck. Great location for easy and quick access to shopping and the freeway.
  • Cross Street: Commercial
  • Year Built: 2011
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Gas, Living Room
  • Flooring: Carpet, Laminate, Tile
  • Total Bathrooms: 3.5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number of Lower Level Bathrooms: 1
  • Bedrooms: 3
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Covered Deck
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Composite
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

  • Heating/Cooling: Forced Air, Gas
  • High Speed Comm Access: Available
  • Sewer City: Yes
  • Water: City
  • Water Heater: Gas

Condo/Co-op/Association

  • Homeowners Assn: Association With Fee

Lot Info

  • Acres: 0.04
  • Estimated Lot Sq Ft: 1742
  • Lot: 164
  • Zoning: RM2
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2019-2020
  • Tax Amount: 3585

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2012
Sold by
Bought by
Current Estimated Value
$372,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,187
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Gateway, OR

  • Amy Lindseth Real Estate Agent - eXp Realty, LLC

    Amy Lindseth

    eXp Realty, LLC

    (971) 350-6711

    48 Total Sales

    4 in South Gateway

    $485K - $595K Price Range

    Amy Lindseth
     Section Image
  • GINGER PAGE Real Estate Agent - HOMESTAR BROKERS

    GINGER PAGE

    HOMESTAR BROKERS

    (503) 946-3739

    74 Total Sales

    8 in South Gateway

    $330K - $720K Price Range

    GINGER PAGE
     Section Image
  • Brooklyn Morgan Real Estate Agent - MORE Realty

    Brooklyn Morgan

    MORE Realty

    (503) 506-6839

    111 Total Sales

    3 in South Gateway

    $200K - $374K Price Range

    Brooklyn Morgan
     Section Image
  • Kimberly Leighty Real Estate Agent - BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    Kimberly Leighty

    BERKSHIRE HATHAWAY HOMESERVICES R E PROF

    (503) 832-6919

    86 Total Sales

    3 in South Gateway

    $160K - $420K Price Range

    Kimberly Leighty
     Section Image
  • Vanessa Quevedo-Coria Real Estate Agent - HOMESMART REALTY GROUP

    Vanessa Quevedo-Coria

    HOMESMART REALTY GROUP

    (888) 311-8275

    41 Total Sales

    2 in South Gateway

    $470,000 Price Range

    Vanessa Quevedo-Coria
     Section Image
  • Jesse Sommers Real Estate Agent - HOMESTAR BROKERS

    Jesse Sommers

    HOMESTAR BROKERS

    (541) 532-3149

    44 Total Sales

    16 in South Gateway

    $250K - $860K Price Range

    Jesse Sommers
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$149,990 Amerititle
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $341,400
Closed $333,500
Closed $20,500
Closed $284,900
Closed $146,187
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/04/2020 11/04/20 Sold $284,900 +1.8% $163 / Sq Ft
09/10/2020 09/10/20 Price Changed $279,900 -1.8% $160 / Sq Ft
09/02/2020 09/02/20 Price Changed $284,900 -1.7% $163 / Sq Ft
08/26/2020 08/26/20 For Sale $289,900 -- $166 / Sq Ft
Source: Willamette Valley MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,175 $219,030
2024 $4,175 $212,660
2023 $4,052 $206,470 $0 $0
2022 $3,821 $200,460 $0 $0
2021 $3,712 $194,630 $0 $0
2020 $3,604 $188,970 $0 $0
2019 $3,585 $183,470 $0 $0
2018 $3,539 $0 $0 $0
2017 $3,194 $0 $0 $0
2016 $3,042 $0 $0 $0
2015 $3,065 $0 $0 $0
2014 $2,966 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Nunn Real Estate Agent - TRADITION REAL ESTATE PARTNERS

    Seller's Agent in 2020

    Kevin Nunn

    TRADITION REAL ESTATE PARTNERS

    (503) 409-9222

    20 in this area

    182 Total Sales

    Kevin Nunn
    Section Image
  • Mandi Mack Real Estate Agent - TRADITION REAL ESTATE PARTNERS

    Seller Co-Listing Agent in 2020

    Mandi Mack

    TRADITION REAL ESTATE PARTNERS

    (971) 701-5052

    20 in this area

    205 Total Sales

    Mandi Mack
    Section Image
  • Luann Galloway Real Estate Agent - COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    Buyer's Agent in 2020

    Luann Galloway

    COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    (503) 361-7202

    2 in this area

    23 Total Sales

    Luann Galloway
    Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 768038

Willamette Valley MLS

APN: 342167

Oregon Marion County Salem 97306 South Gateway

1961 Madras St SE, 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. Copyright 2026 Williamette Valley Multiple Listing Service.
WVMLS Member Broker: Arlene Richardson.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.