NOT LISTED FOR SALE

1992 Arithmetic Dr SE Salem, OR 97302

Morningside Neighborhood

Estimated Value: $494,172 - $534,000

3 Beds
2 Baths
1,974 Sq Ft
$260/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $439,900 $223 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,308/month

32 Days on Market

Highlights

  • Deck
  • Converted Garage
  • Double Pane Windows
  • Private Yard
  • Attached Garage
  • Level Lot

About This Home

As of January 2022

Outstanding value in Cambridge! Spacious kitchen opens to dining area and great room. The home features large bedrooms and great storage space. The home is dated but has been well maintained. Vacant 6,000 sq ft lot next door is included with this sale. Buyer to verify with City of Salem buyer's intended use & lot buildability. Den/bonus room downstairs in converted garage not included in the home's square footage. Can easily be converted back. Tax records show the home's square footage at 2474.

Last Agent to Sell the Property

Brian Smith

Coldwell Banker Mountain West License #920800079 Listed on: 10/27/2021

Coldwell Banker Mountain West

Last Buyer's Agent

Marianne McNally

NextHome Realty Connection License #200002227

NextHome Realty Connection

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,243

Year Built

  • Built in 1984

Lot Details

  • Level Lot
  • Private Yard

Parking

  • Attached Garage
  • Converted Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Crawl Space

Flooring

  • Wall to Wall Carpet
  • Vinyl

Additional Features

  • Deck
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,243

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Single Family Residence
  • Style: 2 Story
  • Sq Ft Calculated: 1544
  • Sq Ft Approximate Total: 1974
  • Stories: 1
  • Year Built: 1984
  • Property Condition: Approximately
  • Remarks Public: Outstanding value in Cambridge! Spacious kitchen opens to dining area and great room. The home features large bedrooms and great storage space. The home is dated but has been well maintained. Vacant 6,000 sq ft lot next door is included with this sale. Buyer to verify with City of Salem buyer's intended use & lot buildability. Den/bonus room downstairs in converted garage not included in the home's square footage. Can easily be converted back. Tax records show the home's square footage at 2474.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Main Level Bathrooms: 2.0
  • Total Bathrooms: 2.0
  • Interior Amenities: Wall to Wall Carpet, Vinyl Floor
  • Kitchen Appliances: Microwave, Dishwasher, Free-Standing Range
  • Legal Description: CAMBRIDGE WOODS ESTATES NO 3, BLOCK 9, LOT 1, ACRES 0.2
  • Sq Ft Lower Level: 430
  • Sq Ft Main Level: 1544
  • Bedrooms: 3
  • Master Bedroom: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 2
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Kitchen: On Level: Main
  • Bathrooms Main Level Full: 2
  • Total Bathrooms: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Description: Wood Siding
  • Exterior Features: Deck, Yard
  • Lot Size: 15K-19,999SF
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Garage Type: Attached, Converted
  • Parking Description: Driveway, Off Street

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public Water
  • Heating Description: Baseboard

Schools

  • Elementary School: Pringle
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Lot Description: Level
  • Acres: 0.34

Rental Info

  • Rent Amount: 2195

Tax Info

  • Tax Amount: 4524.39
  • Assessor Parcel Number: R67890
  • Tax Year: 2020

MLS Schools

  • Elementary School: Pringle
  • High School: South Salem
  • Middle School: Leslie

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2021
Closed on
Jan 26, 2022
Sold by
Bowman Harley D
Bought by
May Dane E and May Mary Helen
Seller's Agent
Brian Smith
Coldwell Banker Mountain West
Buyer's Agent
Marianne McNally
NextHome Realty Connection
List Price
$439,900
Sold Price
$439,900
Total Days on Market
32
Current Estimated Value
$513,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,393
Avg. Annual Appreciation
4.67%
Original Mortgage
$307,900
Outstanding Balance
$287,013
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$226,280

Purchase Details

Closed on
Aug 25, 2017
Sold by
Bowman Harley D
Bought by
Bowman Harley D and Bowman Tamara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,500
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
May Dane E $439,900 Amerititle
Bowman Harley D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open May Dane E $307,900
Previous Owner Bowman Harley D $218,500
Previous Owner Bowman Harley D $138,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $439,900 0.0% $223 / Sq Ft
11/28/2021 11/28/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $439,900 -- $223 / 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 $5,243 $267,010 -- --
2023 $5,088 $259,240 $0 $0
2022 $4,797 $251,690 $0 $0
2021 $4,660 $244,360 $0 $0
2020 $4,664 $237,250 $0 $0
2019 $4,365 $230,340 $0 $0
2018 $4,443 $0 $0 $0
2017 $4,010 $0 $0 $0
2016 $3,819 $0 $0 $0
2015 $3,848 $0 $0 $0
2014 $3,724 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21191018

Regional Multiple Listing Service (RMLS)

APN: 567890