Ariel Sasser
PROPERTY GROUP NW
(360) 803-4498
243 Total Sales
2 in Faye Wright
$465,000 Price Range
401 Madrona Ave SE Unit 1 Salem, OR 97302
Faye Wright NeighborhoodEstimated Value: $238,079
2
Beds
1
Bath
925
Sq Ft
1971
Built
Highlights
- Seasonal View
- Dining Room
- Community Deck or Porch
- Living Room
- Family Room
- Level Lot
About This Home
As of March 2025Updated 2-bed, 1-bath condo in a prime location! This bright unit features modern flooring, fresh paint, and a fully updated kitchen with stainless steel appliances. The open living and dining space is perfect for relaxing or entertaining. Both bedrooms offer ample closet space, and the updated bathroom adds a contemporary touch. Enjoy the convenience of in-unit laundry and assigned parking. This move-in-ready condo is ideal for first-time buyers or those seeking a low-maintenance lifestyle! HOA $200/mo
Last Agent to Sell the Property
Sparrow Real Estate, LLC License #201206009 Listed on: 01/30/2025
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,498
Year Built
- Built in 1971
HOA Fees
- $200 Monthly HOA Fees
Home Design
- Lap Siding
Interior Spaces
- 925 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Seasonal Views
- Laundry in unit
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- Off-Street Parking
- Deeded Parking
Location
- Ground Level
Schools
- Salem Hts Elementary School
- Crossler Middle School
- Sprague High School
Utilities
- No Cooling
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 580677
Community Details
Overview
- 24 Units
Amenities
- Community Deck or Porch
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2025
Closed on
Feb 27, 2025
Sold by
Bought by
Seller's Agent
Devin Thiele
Sparrow Real Estate, LLC
Buyer's Agent
Jordan HILL
eXp Realty, LLC
List Price
$250,000
Sold Price
$250,000
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,921
Avg. Annual Appreciation
-3.41%
Original Mortgage
$175,000
Outstanding Balance
$172,583
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$65,496
Purchase Details
Closed on
Dec 10, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,100
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 13, 2020
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Faye Wright, OR
-
Ariel Sasser
-
Dana Burk
Dana Burk
KELLER WILLIAMS CAPITAL CITY
(971) 273-5608
88 Total Sales
5 in Faye Wright
$340K - $557K Price Range
-
Gavin & Julie Wisser
Gavin & Julie Wisser
HOMESTAR BROKERS
(971) 273-1725
82 Total Sales
2 in Faye Wright
$425K - $648K Price Range
-
Erin Shaw
Erin Shaw
HOMESTAR BROKERS
(888) 589-2605
125 Total Sales
6 in Faye Wright
$410K - $545K Price Range
-
Phil Hyre
Phil Hyre
REALTY FIRST LLC
(971) 273-2117
133 Total Sales
1 in Faye Wright
$930,000 Price
-
Chad Harvey
Chad Harvey
HARVEY REALTY GROUP INC
(971) 272-8661
76 Total Sales
2 in Faye Wright
$450K - $510K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $250,000 | Fidelity National Title | ||
| $130,000 | Ticor Title Co | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $175,000 | ||
| Previous Owner | $126,100 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/05/2025 03/05/25 | Sold | $250,000 | 0.0% | $270 / Sq Ft |
| 02/01/2025 02/01/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | For Sale | $250,000 | -- | $270 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,614 | $78,570 | $78,570 | |
| 2024 | $1,498 | $76,290 | $76,290 | |
| 2023 | $1,454 | $74,070 | $0 | $74,070 |
| 2022 | $1,371 | $71,920 | $0 | $0 |
| 2021 | $1,332 | $69,830 | $0 | $0 |
| 2020 | $1,333 | $67,800 | $0 | $0 |
| 2019 | $1,248 | $65,830 | $0 | $0 |
| 2018 | $1,270 | $0 | $0 | $0 |
| 2017 | $1,146 | $0 | $0 | $0 |
| 2016 | $1,088 | $0 | $0 | $0 |
| 2015 | $1,078 | $0 | $0 | $0 |
| 2014 | $1,021 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Devin Thiele
Seller's Agent in 2025
Devin Thiele
Sparrow Real Estate, LLC
(503) 609-0339
5 in this area
64 Total Sales
-
Jordan HILL
Buyer's Agent in 2025
Jordan HILL
eXp Realty, LLC
(888) 814-9613
3 in this area
89 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 153669273
APN: 580677
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.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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