NOT LISTED FOR SALE

4002 Vitae Springs Rd S Salem, OR 97306

Salem Hills Neighborhood

Estimated Value: $1,811,901

5 Beds
4 Baths
5,343 Sq Ft
$339/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $1,700,000 $318 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,859/month

82 Days on Market

Highlights

  • Barn
  • 232 Acre Lot
  • Territorial View
  • RV Garage
  • Living Room with Fireplace
  • Radiant Floor

About This Home

As of December 2021

Very rare find! Amazing 230+ Acre property in desirable Vitae Springs location in S Salem w/Stunning views. Currently a working farm w/large home & several outbuildings. SA zoning may have potential for 2-3 total parcels. Completely fenced & some cross fencing. Approx 26 irrigated acres. Apprx 60 gpm well flow w/ addtnl 10k gallon capacity holding tanks. Vineyard? Tree Farm? Croisan Creek begins on this property! Many possibilities with this 1-of-a-kind property. Refer to Assoc Docs for additional details.

Last Agent to Sell the Property

Gladys Blum

BLUM REAL ESTATE License #781200091 Listed on: 08/18/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,608

Year Built

  • Built in 1962

Lot Details

  • 232 Acre Lot
  • Fenced Yard
  • Sprinkler System
  • Property is zoned SA

Home Design

  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Lap Siding
  • Cedar Siding

Interior Spaces

  • 5,343 Sq Ft Home
  • Wood Burning Fireplace
  • Mud Room
  • Living Room with Fireplace
  • Home Office
  • Loft
  • Territorial Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • RV Garage

Outdoor Features

  • Shed
  • Shop

Farming

  • Barn

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Tax Lot M&B

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,608

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Range Facility: Electric, Microwave Included, Range Included
  • Syndicated Remarks: Very rare find! Amazing 230+ Acre property in desirable Vitae Springs location in S Salem w/Stunning views. Currently a working farm w/large home & several outbuildings. SA zoning may have potential for 2-3 total parcels. Completely fenced & some cross fencing. Approx 26 irrigated acres. Apprx 60 gpm well flow w/ addtnl 10k gallon capacity holding tanks. Vineyard? Tree Farm? Croisan Creek begins on this property! Many possibilities with this 1-of-a-kind property. Refer to Assoc Docs for additional details.
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room, Wood
  • Flooring: Carpet, Wood, Tile
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Bonus Rooms: Den, Loft, Mudroom, Office
  • Price Per Sq Ft: 318.17
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 280.74

Exterior Features

  • Fenced Yard: Yes
  • Foundation: Continuous, Slab
  • Out Buildings: Barn, Shed, Separate Shop
  • Roof: Metal Or Aluminum
  • Siding: Cedar, Wood
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Forced Air, Oil, Radiant Floor
  • Septic: Standard
  • Water: Well
  • Water Heater: Electric

Schools

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

Lot Info

  • Acres: 232
  • Estimated Lot Sq Ft: 10105920
  • Lot: M&B
  • Price Per Acre: 6465.52
  • Rv Amenities: Area/Room For, Rv Garage
  • Underground Sprinklers: Yes
  • Zoning: SA
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2020
  • Tax Account Number: R33700
  • Tax Amount: 8608

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $1,700,000 +13.3% $318 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
10/20/2021 10/20/21 Price Changed $1,500,000 -11.8% $281 / Sq Ft
08/18/2021 08/18/21 For Sale $1,700,000 -- $318 / 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 $9,644 $759,912 -- --
2023 $9,414 $737,910 $0 $0
2022 $8,807 $708,465 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 782329

Willamette Valley MLS

APN: 533700