NOT LISTED FOR SALE

Estimated Value: $1,899,683

4.73 Acres
$401,624 Price per Acre
206,039 Sq Ft Lot

Last Sold May 20, 2019

Last sale price $455,000

Est. 318% increase in value since last sale

Current estimated payment $11,511/month

194 Days on Market

About This Lot

As of May 2019

The only currently available bare acreage parcel in highly desirable Illahe Hills. Located seconds away from Illahe Hills Country Club, this extraordinary 4.73 acre lot offers the opportunity to build a landmark custom home surrounded by other high end properties and great territorial views. All this less than 10 minutes to downtown, Salem Hospital, and great schools.

Last Agent to Sell the Property

Eric Fiskum

RE/MAX INTEGRITY - SALEM License #990500138 Listed on: 10/12/2018

RE/MAX INTEGRITY - SALEM

Last Buyer's Agent

Ilya Makarenko

HOMESMART REALTY GROUP License #200507027

HOMESMART REALTY GROUP

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,576

Lot Details

  • 4.73 Acre Lot
  • Property is zoned RA

Property Views

  • Territorial Views

Utilities

  • Well
  • Phone Available

Community Details

  • Partition 95 96 Illahe Subdivision

Listing and Financial Details

  • Tax Lot 2

Property Details

Property Type

Land

Est. Annual Taxes

$4,576

Lot Details

0

Listing Details

  • Class: Bare Land
  • Type: Land (1+ Acre)
  • Syndicated Remarks: The only currently available bare acreage parcel in highly desirable Illahe Hills. Located seconds away from Illahe Hills Country Club, this extraordinary 4.73 acre lot offers the opportunity to build a landmark custom home surrounded by other high end properties and great territorial views. All this less than 10 minutes to downtown, Salem Hospital, and great schools.
  • Cross Street: Illahe Hill Rd
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 96194.5
  • Price Per Sq Ft: 2.43

Exterior Features

  • View: Territorial
  • Access: Paved

Utilities

  • Water: Well
  • Electricity: Available
  • Natural Gas: Available
  • Telephone: Available

Schools

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

Lot Info

  • Acres: 4.73
  • Estimated Lot Dimensions: Irreg
  • Estimated Lot Sq Ft: 206039
  • Lot: 2
  • Lot Type: Dimension Above
  • Price Per Acre: 105708.03
  • Zoning: RA
  • Geo Subdivision: OR
  • Map Parcel Number: 084W0101308

Tax Info

  • Tax Account Number: R33515
  • Tax Amount: 4576

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2018
Closed on
May 17, 2019
Sold by
Donofrio Brian J and Donofrio Regan
Bought by
Makarenko Anastasiya and Makarenko Hya V
Seller's Agent
Eric Fiskum
RE/MAX INTEGRITY - SALEM
Buyer's Agent
Ilya Makarenko
HOMESMART REALTY GROUP
List Price
$499,999
Sold Price
$455,000
Premium/Discount to List
-$44,999
-9%
Current Estimated Value
$1,899,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,444,683
Avg. Annual Appreciation
25.56%

Purchase Details

Closed on
Aug 12, 2008
Sold by
Clear View Ii Llc
Bought by
Donofrio Brian J and Donofrio Regan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2005
Sold by
Carpenter Commercial Properties Llc
Bought by
Coe Kenneth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,278
Interest Rate
5.72%
Mortgage Type
Commercial
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
Makarenko Anastasiya $455,000 Amerititle
Donofrio Brian J $442,500 Lawyers Title Ins
Clear View Ii Llc $363,656 Lawyers Title Ins
Coe Kenneth A $340,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Donofrio Brian J $240,000
Previous Owner Clear View Ii Llc $250,000
Previous Owner Coe Kenneth A $275,278
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2019 05/20/19 Sold $455,000 -9.0% --
10/12/2018 10/12/18 For Sale $499,999 -- --
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 $16,676 $849,310 -- --
2023 $16,184 $824,580 $0 $0
2022 $15,259 $800,570 $0 $0
2021 $14,823 $777,260 $0 $0
2020 $11,451 $582,450 $0 $0
2019 $4,636 $237,300 $0 $0
2018 $4,577 $0 $0 $0
2017 $4,131 $0 $0 $0
2016 $3,935 $0 $0 $0
2015 $3,964 $0 $0 $0
2014 $3,836 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 740503

Willamette Valley MLS

APN: 533515