NOT LISTED FOR SALE

2220 Electric St SE Salem, OR 97302

Southeast Salem Neighborhood

Estimated Value: $260,000 - $323,123

3 Beds
1 Bath
1,005 Sq Ft
$292/Sq Ft Est. Value

Last Sold November 26, 2014

Last sale price $103,000 $102 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $1,722/month

55 Days on Market

Highlights

  • Deck
  • Workshop
  • 1-Story Property
  • First Floor Utility Room
  • Fenced Yard
  • Landscaped

About This Home

As of November 2014

This home is located at 2220 Electric St SE, Salem, OR 97302 since 22 July 2014 and is currently estimated at $293,031, approximately $291 per square foot. This property was built in 1951. 2220 Electric St SE is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South Salem High School.

Last Agent to Sell the Property

Charlene Knudsen

SUNDANCE REALTY LLC License #200604158 Listed on: 07/22/2014

Co-Listed By

Lisa Jacobsen

SUNDANCE REALTY LLC License #200306104

Last Buyer's Agent

Daniel Chin

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. License #201209195

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,406

Year Built

  • Built in 1951

Lot Details

  • 7,076 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Property is zoned RS

Home Design

  • Composition Roof
  • Lap Siding
  • Vinyl Siding

Interior Spaces

  • 1,005 Sq Ft Home
  • 1-Story Property
  • Workshop
  • First Floor Utility Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Shop

Utilities

  • Wall Furnace
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Fridge
  • Legal Lot and Block 2 / 9

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,406

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Dual Living: Possible
  • Range Facility: Electric, Microwave Included, Range Included
  • Syndicated Remarks: Great NEW PRICE for the amount of space you get. Come check it out! Welcome to your new home! Charming cottage close to downtown, shops, and freeways. Airy, light, and bright. Large deck for entertaining. As well as small workshop and dog run in the back. Move in ready with new paint, flooring, and updated kitchen. Large fenced yard with no neighbors to the back. Low property taxes. Room for RV or Boat.
  • Cross Street: 23rd/Mission
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: Fridge
  • Negotiable Inclusions: Micro, Stove, DW
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 11 x 9, On Level: 1/Main
  • Bedroom 2: Dimensions: 11 x 11, On Level: 1/Main
  • Bedroom 3: Dimensions: 9 x 8, On Level: 1/Main
  • Dining Room: 1/Main, Dimensions: 8 x 6, On Level: 1/Main
  • Living Room: Dimensions: 17 x 14, On Level: 1/Main
  • Kitchen: Dimensions: 8 x 8, On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Workshop
  • Price Per Sq Ft: 102.49
  • Source Of Sq Ft: Fee
  • Price Per Sq Ft: 114.33

Exterior Features

  • Patio: Deck
  • Exterior Color: Blue
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Separate Shop
  • Roof: Composition
  • Siding: Vinyl
  • Siding Style: Lap

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Heating/Cooling: Electric, Wall Furnace
  • High Speed Comm Access: Available, Present
  • Water: Connected, City
  • Water Heater: Electric

Schools

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

Lot Info

  • Acres: 0.16
  • Estimated Lot Sq Ft: 7076
  • Lot: 2
  • Lot Type: Common Area
  • Price Per Acre: 718125
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2014
  • Tax Account Number: R83555
  • Tax Amount: 1406

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2014
Closed on
Nov 3, 2014
Sold by
Tran Minh and Tran Gwenn
Bought by
Vedder Darlene and Read Carl
Seller's Agent
Charlene Knudsen
SUNDANCE REALTY LLC
Buyer's Agent
Daniel Chin
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
List Price
$114,900
Sold Price
$103,000
Premium/Discount to List
-$11,900
-10.36%
Current Estimated Value
$293,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,031
Avg. Annual Appreciation
10.14%
Original Mortgage
$101,134
Outstanding Balance
$78,361
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
$215,207

Purchase Details

Listed on
Jan 6, 2014
Closed on
Jun 26, 2014
Sold by
Chambers Chris S and Chambers Amy S
Bought by
Tran Minh and Tran Gwenn
Seller's Agent
John Tate
BERKSHIRE HATHAWAY HOMESERVICES R E PROF
Buyer's Agent
Lisa Jacobsen
SUNDANCE REALTY LLC
List Price
$89,900
Sold Price
$68,100
Premium/Discount to List
-$21,800
-24.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
167.81%

Purchase Details

Closed on
May 13, 2002
Sold by
Sorenson Eric A
Bought by
Young Amy S and Chambers Chris S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,671
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 5, 2001
Sold by
Carpenter Residential Properties Llc
Bought by
Sorenson Eric A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
6.67%
Mortgage Type
Seller Take Back
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
Vedder Darlene $103,000 Amerititle
Tran Minh $68,100 Amerititle
Young Amy S $84,000 Fidelity National Title Co
Sorenson Eric A $48,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vedder Darlene $101,134
Previous Owner Young Amy S $82,671
Previous Owner Sorenson Eric A $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2014 11/26/14 Sold $103,000 -10.4% $102 / Sq Ft
09/15/2014 09/15/14 Pending -- -- --
07/22/2014 07/22/14 For Sale $114,900 +68.7% $114 / Sq Ft
06/27/2014 06/27/14 Sold $68,100 -24.2% $92 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
01/06/2014 01/06/14 For Sale $89,900 -- $121 / 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 $2,021 $102,910 -- --
2023 $1,961 $99,920 $0 $0
2022 $1,849 $97,010 $0 $0
2021 $1,796 $94,190 $0 $0
2020 $1,744 $91,450 $0 $0
2019 $1,683 $88,790 $0 $0
2018 $1,713 $0 $0 $0
2017 $1,546 $0 $0 $0
2016 $1,472 $0 $0 $0
2015 $1,484 $0 $0 $0
2014 $1,436 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Tate

    Seller's Agent in 2014

    John Tate

    BHHS Oregon- Professionals

    (503) 580-6540

    72 Total Sales

    John Tate
    Section Image
  • Charlene Knudsen

    Seller's Agent in 2014

    Charlene Knudsen

    SUNDANCE REALTY LLC

    (503) 999-7282

    22 Total Sales

    Charlene Knudsen
    Section Image

  • L

    Seller Co-Listing Agent in 2014

    Lisa Jacobsen

    SUNDANCE REALTY LLC

    Section Image
  • Daniel Chin

    Buyer's Agent in 2014

    Daniel Chin

    COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    (503) 999-2217

    2 in this area

    86 Total Sales

    Daniel Chin
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 679791

Willamette Valley MLS

APN: 583555

Oregon Marion County Salem 97302 Southeast Salem

2220 Electric St SE, Salem, OR

This home is located at 2220 Electric St SE, Salem, OR 97302 since 22 July 2014 and is currently estimated at $293,031, approximately $291 per square foot. This property was built in 1951. 2220 Electric St SE is a home located in Marion County with nearby schools including Bush Elementary School, Leslie Middle School, and South 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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