NOT LISTED FOR SALE

Estimated Value: $1,039,000 - $1,110,618

1.49 Acres
$721,348 Price per Acre
64,904 Sq Ft Lot

Last Sold May 27, 2022

Last sale price $239,900

Est. 348% increase in value since last sale

Current estimated payment $6,376/month

Highlights

  • 1.49 Acre Lot
  • Territorial View
  • High Speed Internet

About This Lot

As of May 2022

Great opportunity on this level acreage lot in fantastic South Salem location. Very nice, rural area yet short driving distance to shopping and downtown Salem. Use 2767 Kuebler Road S for GPS mapping to find lot. Actual address is 4987 Racine Lane S. Salem. The seller reports they have already applied for and received county approved for a standard septic system and there's a 15 GPM shared well with one other neighboring property. Seller may consider owner financing with large down payment.

Last Agent to Sell the Property

Brian Smith

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. License #920800079 Listed on: 01/30/2022

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

Last Buyer's Agent

Katherine Peterson

WORKS REAL ESTATE License #201211109

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $601

Lot Details

  • 1.49 Acre Lot
  • Property is zoned AR2

Property Views

  • Territorial Views

Utilities

  • Shared Well
  • Septic System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$601

Lot Details

0

Listing Details

  • Class: Bare Land
  • Type: Land (1+ Acre)
  • Syndicated Remarks: Great opportunity on this level acreage lot in fantastic South Salem location. Very nice, rural area yet short driving distance to shopping and downtown Salem. Use 2767 Kuebler Road S for GPS mapping to find lot. Actual address is 4987 Racine Lane S. Salem. The seller reports they have already applied for and received county approved for a standard septic system and there's a 15 GPM shared well with one other neighboring property. Seller may consider owner financing with large down payment.
  • Cross Street: Kuebler
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 161006.71
  • Price Per Sq Ft: 3.7

Exterior Features

  • View: Territorial
  • Access: Paved, Private
  • Fenced: Partial

Utilities

  • Water: Shared Well
  • Cable TV: Available
  • Electricity: Available
  • High Speed Communications: Available
  • Natural Gas: Available
  • Septic Approval: Yes
  • Septic Type: Standard
  • Telephone: Available

Schools

  • Elementary School: Schirle
  • Middle School: Crossler
  • High School: Sprague

Lot Info

  • Acres: 1.49
  • Estimated Lot Sq Ft: 64904
  • Lot Type: Dimension Above
  • Price Per Acre: 161006.71
  • Zoning: AR2
  • Corners: Flagged
  • Surveyed: Yes

Tax Info

  • Tax Account Number: R31703
  • Tax Amount: 601

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2020
Sold by
Stewart Mathew
Bought by
Mireles Aaron L and Mireles Sarah
Current Estimated Value
$1,074,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Outstanding Balance
$453,974
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$620,835

Purchase Details

Closed on
Jul 11, 2012
Sold by
Stewart Julia Slavo
Bought by
Stewart Mathew

Purchase Details

Closed on
May 20, 2005
Sold by
Smith Frieda C and Smith Francis W
Bought by
Stewart Mathew and Stewart Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,600
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
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
Mireles Aaron L $732,500 Amerititle
Stewart Mathew -- None Available
Stewart Mathew $592,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mireles Aaron L $510,400
Previous Owner Stewart Mathew $473,600
Closed Stewart Mathew $59,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $239,900 0.0% --
01/30/2022 01/30/22 For Sale $239,900 -- --
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 $8,136 $641,090 -- --
2023 $7,941 $622,420 $0 $0
2022 $7,512 $604,300 $0 $0
2021 $7,317 $586,700 $0 $0
2020 $7,340 $569,620 $0 $0
2019 $7,072 $553,030 $0 $0
2018 $6,302 $0 $0 $0
2017 $5,521 $0 $0 $0
2016 $5,269 $0 $0 $0
2015 $5,415 $0 $0 $0
2014 $5,176 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 788150

Willamette Valley MLS

APN: 531709