NOT LISTED FOR SALE

388 Lori Ave SE Salem, OR 97302

Faye Wright Neighborhood

Estimated Value: $353,000 - $404,000

3 Beds
1.5 Baths
1,182 Sq Ft
$327/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $345,000 $292 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,319/month

6 Days on Market

Highlights

  • RV Access or Parking
  • Wood Flooring
  • First Floor Utility Room
  • Living Room with Fireplace
  • Covered Patio or Porch
  • Fenced Yard

About This Home

As of August 2022

You've been waiting for this one in South Salem! Built in 1956 and located on nearly 1/4 acre, this midcentury home has so much to offer its next owner. Newer windows with sliding door that opens to a huge covered patio. Functional layout great for entertaining. Peaceful, private setting with mature landscaping. Convenient proximity to shopping, schools, parks and I-5 FWY. This solid home is ready for your personal touches. Stop by our open house this weekend or schedule your private showing today!

Last Agent to Sell the Property

Ashley Contreras

WINDERMERE HERITAGE License #201217061 Listed on: 07/12/2022

WINDERMERE HERITAGE

Last Buyer's Agent

SABRINA CARSON

REDFIN License #201214704

REDFIN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,217

Year Built

  • Built in 1956

Lot Details

  • 9,539 Sq Ft Lot
  • Lot Dimensions are 81.35x118.09
  • Fenced Yard
  • Landscaped
  • Property is zoned RS

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,182 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • First Floor Utility Room
  • Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 2 / 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,217

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Home Warranty: Negotiable
  • Range Facility: Electric
  • Syndicated Remarks: You've been waiting for this one in South Salem! Built in 1956 and located on nearly 1/4 acre, this midcentury home has so much to offer its next owner. Newer windows with sliding door that opens to a huge covered patio. Functional layout great for entertaining. Peaceful, private setting with mature landscaping. Convenient proximity to shopping, schools, parks and I-5 FWY. This solid home is ready for your personal touches. Stop by our open house this weekend or schedule your private showing today!
  • Cross Street: Lone Oak
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Living Room, Gas
  • Negotiable Inclusions: Fridge, kitchen appliances.
  • Flooring: Wood, Tile
  • Total Bathrooms: 1.5
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 11.6x8.1, On Level: 1/Main
  • Bedroom 2: Dimensions: 9.3x12.3, On Level: 1/Main
  • Bedroom 3: Dimensions: 12.9x9.8, 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
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Covered Patio
  • Exterior Color: Grey
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition
  • Siding: Vinyl

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Gas, Forced Air
  • High Speed Comm Access: Available
  • Sewer City: Yes
  • Water: City
  • Water Heater: Gas

Lot Info

  • Acres: 0.22
  • Estimated Lot Dimensions: 81.35x118.09
  • Estimated Lot Sq Ft: 9539
  • Lot: 2
  • Rv Amenities: Area/Room For
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2021
  • Tax Amount: 3217

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Aug 2, 2022
Sold by
Andrew Hillesland Tye
Bought by
Hillesland Tye Andrew
Seller's Agent
Ashley Contreras
WINDERMERE HERITAGE
Buyer's Agent
SABRINA CARSON
REDFIN
List Price
$345,000
Sold Price
$345,000
Current Estimated Value
$386,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,346
Avg. Annual Appreciation
3.46%
Original Mortgage
$276,000
Outstanding Balance
$263,803
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$122,543

Purchase Details

Listed on
Jul 12, 2022
Closed on
Aug 1, 2022
Sold by
Cummins Lindsey E
Bought by
Lookabill Terry Ray
Seller's Agent
Ashley Contreras
WINDERMERE HERITAGE
Buyer's Agent
SABRINA CARSON
REDFIN
List Price
$345,000
Sold Price
$345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Outstanding Balance
$263,803
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$122,543

Purchase Details

Closed on
Jan 4, 2017
Sold by
Cummins Lindsey E and Means Ariane Hillesland
Bought by
Cummins Lindsey E and Means Ariane Hillesland

Purchase Details

Closed on
Dec 7, 2009
Sold by
Hillesland David K
Bought by
Hillesland Dennis D and Hillesland Doyle B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hillesland Tye Andrew -- Amerititle
Lookabill Terry Ray $345,000 Amerititle
Cummins Lindsey E -- None Available
Hillesland Dennis D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lookabill Terry Ray $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2022 08/03/22 Sold $345,000 0.0% $292 / Sq Ft
07/12/2022 07/12/22 For Sale $345,000 -- $292 / 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
2025 $3,511 $184,160 -- --
2024 $3,511 $178,800 -- --
2023 $3,407 $173,600 $0 $0
2022 $3,213 $168,550 $0 $0
2021 $3,121 $163,650 $0 $0
2020 $3,124 $158,890 $0 $0
2019 $2,924 $154,270 $0 $0
2018 $2,975 $0 $0 $0
2017 $2,685 $0 $0 $0
2016 $2,558 $0 $0 $0
2015 $2,577 $0 $0 $0
2014 $2,494 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashley Contreras

    Seller's Agent in 2022

    Ashley Contreras

    WINDERMERE HERITAGE

    (503) 559-5776

    4 in this area

    78 Total Sales

    Ashley Contreras
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Map

Source: Willamette Valley MLS

MLS Number: 795288

Willamette Valley MLS

APN: 581331

Oregon Marion County Salem 97302 Faye Wright

388 Lori Ave SE, Salem, OR

Not Listed for Sale

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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