NOT LISTED FOR SALE

Estimated Value: $127,000 - $610,000

0.11 Acre
$3,850,055 Price per Acre
5,000 Sq Ft Lot

Last Sold March 11, 2022

Last sale price $93,000 $63 Per Sq Ft

Est. 355% increase in value since last sale

Current estimated payment $2,547/month

About This Lot

As of March 2022

Location, location, location! Don't miss this 5,000 SF buildable infill lot sitting on a quiet street in South Salem! This property offers potential to build a Single family home or duplex on this site. Easy access to downtown Salem, Commercial St corridor & I-5. Buyer due diligence with City of Salem regarding Duplex potential. Owner is open to land sales contract. City water/sewer hookup is across the street, not stubbed at property.

Last Agent to Sell the Property

Jordan Sparks

SMI REAL ESTATE License #200610098 Listed on: 10/07/2021

SMI REAL ESTATE

Last Buyer's Agent

GUADALUPE VILLEGAS MORNEO

TU CASA CORPORATION License #201240757

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $124

Lot Details

  • 5,000 Sq Ft Lot
  • Property is zoned RS

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Ewald Fruit Farms Subdivision

Listing and Financial Details

  • Tax Lot 78

Property Details

Property Type

Land

Est. Annual Taxes

$124

Lot Details

0

Listing Details

  • Class: Bare Land
  • Type: Lot (Under 1 Acre)
  • Syndicated Remarks: Location, location, location! Don't miss this 5,000 SF buildable infill lot sitting on a quiet street in South Salem! This property offers potential to build a Single family home or duplex on this site. Easy access to downtown Salem, Commercial St corridor & I-5. Buyer due diligence with City of Salem regarding Duplex potential. Owner is open to land sales contract. City water/sewer hookup is across the street, not stubbed at property.
  • Cross Street: Ewald Ave SE
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 845454.55
  • Price Per Sq Ft: 18

Exterior Features

  • Access: Unimproved

Utilities

  • Water: City
  • Cable TV: Available
  • Electricity: Available
  • High Speed Communications: Available
  • Natural Gas: Available
  • Sewer Available: Yes
  • Telephone: Available

Schools

  • Elementary School: Wright
  • Middle School: Judson
  • High School: Sprague

Lot Info

  • Acres: 0.11
  • Estimated Lot Sq Ft: 5000
  • Lot: 78
  • Price Per Acre: 818181.82
  • Zoning: RS
  • Corners: Flagged
  • Surveyed: Yes
  • Geo Subdivision: OR
  • Map Parcel Number: 8-3W-03-SE-SW

Tax Info

  • Tax Account Number: R73044
  • Tax Amount: 124

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Feb 11, 2022
Sold by
Richard L Main And Linda D Main Revocabl
Bought by
Foster David R and Layton Nancy L
Seller's Agent
Jordan Sparks
SMI REAL ESTATE
Buyer's Agent
GUADALUPE VILLEGAS MORNEO
TU CASA CORPORATION
List Price
$99,900
Sold Price
$93,000
Premium/Discount to List
-$6,900
-6.91%
Current Estimated Value
$423,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,506
Avg. Annual Appreciation
51.28%
Original Mortgage
$389,000
Outstanding Balance
$364,670
Interest Rate
3.56%
Mortgage Type
VA
Estimated Equity
$41,334

Purchase Details

Closed on
May 17, 2020
Sold by
Main Richard J and Main Linda D
Bought by
Main Richard L and Main Linda D
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
Foster David R $389,000 Ticor Title
Main Richard L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster David R $389,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $93,000 +3.3% $63 / Sq Ft
01/10/2022 01/10/22 Price Changed $90,000 -9.9% $61 / Sq Ft
10/07/2021 10/07/21 For Sale $99,900 -- $68 / 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 $3,625 $184,620 -- --
2023 $3,161 $161,050 $0 $0
2022 $2,980 $156,360 $0 $0
2021 $2,895 $151,810 $0 $0
2020 $2,898 $147,390 $0 $0
2019 $2,712 $143,100 $0 $0
2018 $2,760 $0 $0 $0
2017 $2,491 $0 $0 $0
2016 $2,373 $0 $0 $0
2015 $2,391 $0 $0 $0
2014 $2,314 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 784257

Willamette Valley MLS

APN: 573043