NOT LISTED FOR SALE

2581 Cherry Ave NE Salem, OR 97301

Highland Neighborhood

Estimated Value: $243,000 - $322,247

2 Beds
1 Bath
1,020 Sq Ft
$280/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $181,000 $177 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,761/month

7 Days on Market

Highlights

  • RV Access or Parking
  • First Floor Utility Room
  • 1-Story Property
  • Wood Flooring
  • Shed
  • Landscaped

About This Home

As of October 2021

Priced to provide a great opportunity for an investor. Huge 0.27 acre lot zoned RM. This property would be suitable for a nice rehab of the house or potential development for multiple units. Buyer to investigate potential uses. Solid home with cedar siding, hardwood flooring & good floor plan. Buyers should have cash or rehab loan.

Last Agent to Sell the Property

Levi Wilson

NED BAKER REAL ESTATE License #200111024 Listed on: 10/08/2021

Co-Listed By

HANNAH THOMPSON

NED BAKER REAL ESTATE License #201240900

Last Buyer's Agent

Trevor Scharer

TRADITION REAL ESTATE PARTNERS License #201107050

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,934

Year Built

  • Built in 1941

Lot Details

  • 0.27 Acre Lot
  • Partially Fenced Property
  • Landscaped
  • Irregular Lot
  • Property is zoned RM

Parking

  • RV Access or Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 1,020 Sq Ft Home
  • 1-Story Property
  • First Floor Utility Room
  • Electric Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Tenant's personal property
  • Legal Lot and Block 3 / 28

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,934

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Range Facility: Electric, Range Included
  • Syndicated Remarks: Priced to provide a great opportunity for an investor. Huge 0.27 acre lot zoned RM. This property would be suitable for a nice rehab of the house or potential development for multiple units. Buyer to investigate potential uses. Solid home with cedar siding, hardwood flooring & good floor plan. Buyers should have cash or rehab loan.
  • Cross Street: Hickory
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Exclusions: Tenant's personal property
  • Negotiable Inclusions: Range & Window Coverings
  • Flooring: Carpet, Wood, 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: 1/Main
  • 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: 177.45
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 176.47

Exterior Features

  • Exterior Color: White
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Heating/Cooling: Gas, Wall Furnace
  • High Speed Comm Access: Available
  • Sewer City: Yes
  • Water: Connected, City

Schools

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

Lot Info

  • Acres: 0.27
  • Estimated Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 11850
  • Lot: 3
  • Lot Type: Irregular
  • Price Per Acre: 666666.67
  • Rv Amenities: Area/Room For
  • Zoning: RM
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 20-21
  • Tax Account Number: 577294
  • Tax Amount: 1934

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Schaecher Donald and Schaecher Sue
Bought by
Mansillas Soledad and Mansillas Llanira
Current Estimated Value
$286,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,360
Outstanding Balance
$291,157
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
-$19,095

Purchase Details

Listed on
Oct 8, 2021
Closed on
Oct 18, 2021
Sold by
Lynn Eldred Stacy
Bought by
Schaecher Donald and Schaecher Sue
Seller's Agent
Levi Wilson
NED BAKER REAL ESTATE
Buyer's Agent
Trevor Scharer
TRADITION REAL ESTATE PARTNERS
List Price
$180,000
Sold Price
$181,000
Premium/Discount to List
$1,000
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%

Purchase Details

Closed on
Oct 23, 2009
Sold by
Eldred Clifton L
Bought by
Eldred Stacy Lynn and Eldred Avery Dawn
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
Mansillas Soledad $304,000 Ticor Title
Schaecher Donald $181,000 First American Title
Eldred Stacy Lynn -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mansillas Soledad $293,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $181,000 +0.6% $177 / Sq Ft
10/08/2021 10/08/21 For Sale $180,000 -- $176 / 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 $2,175 $110,760 -- --
2023 $2,111 $107,540 $0 $0
2022 $1,990 $104,410 $0 $0
2021 $1,933 $101,370 $0 $0
2020 $1,935 $98,420 $0 $0
2019 $1,811 $95,560 $0 $0
2018 $1,843 $0 $0 $0
2017 $1,663 $0 $0 $0
2016 $1,585 $0 $0 $0
2015 $1,597 $0 $0 $0
2014 $1,529 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Levi Wilson

    Seller's Agent in 2021

    Levi Wilson

    NED BAKER REAL ESTATE

    (503) 881-5286

    3 in this area

    170 Total Sales

    Section Image

  • H

    Seller Co-Listing Agent in 2021

    HANNAH THOMPSON

    NED BAKER REAL ESTATE

    (503) 991-3099

    3 in this area

    39 Total Sales

    Section Image
  • Trevor Scharer

    Buyer's Agent in 2021

    Trevor Scharer

    TRADITION REAL ESTATE PARTNERS

    (503) 881-3455

    1 in this area

    151 Total Sales

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 784641

Willamette Valley MLS

APN: 577294

Oregon Marion County Salem 97301 Highland

2581 Cherry Ave NE, Salem, OR

This home is located at 2581 Cherry Ave NE, Salem, OR 97301 since 08 October 2021 and is currently estimated at $286,062, approximately $280 per square foot. This property was built in 1941. 2581 Cherry Ave 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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