NOT LISTED FOR SALE

401 Madrona Ave SE Unit 7 Salem, OR 97302

Faye Wright Neighborhood

Estimated Value: $206,000

2 Beds
1 Bath
925 Sq Ft
$175/mo HOA Fee

Last Sold April 21, 2020

Last sale price $135,000 $146 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,396/month

21 Days on Market

Highlights

  • Territorial View
  • Tile Flooring
  • Baseboard Heating
  • Living Room
  • Dining Room
  • Family Room

About This Home

As of April 2020

Great opportunity to own one of the lowest priced condos in the Salem area. Dedicated parking spot. Conveniently located near Fred Meyer south and other shopping and dining options. Currently rents for $1090/month. Minor updating over the years. HOA fees $175/ month cover water, sewer, garbage, and exterior maintenance. Sellers are Oregon real estate licencees.

Last Agent to Sell the Property

Dewey Whitton

The Salem Real Estate Group License #890200088 Listed on: 02/11/2020

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,248

Year Built

  • Built in 1971

Lot Details

  • 436

HOA Fees

  • $175 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Wood Siding
  • Lap Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Upper Level

Schools

  • Salem Hts Elementary School
  • Crossler Middle School
  • Sprague High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • Las Maderas Association, Phone Number (503) 000-0000

Listing and Financial Details

  • Assessor Parcel Number 580683

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,248

Year Built

Built in 1971

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1971
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 1.0
  • Interior Amenities: TileFloor, VinylFloor, WalltoWallCarpet
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Bedroom 7 Area: 140
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Other Room9 Area: 80
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Cedar,LapSiding,WoodSiding
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • View: Territorial

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: UpperFloor
  • Senior Community: No
  • Association Fee: 175.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Unknown
  • CondominiumAssociationName: Las Maderas
  • CondominiumAssociationPhone: 503-000-0000
  • CondominiumAssociationURLYN: No

Schools

  • Elementary School: Salem Hts
  • High School: Sprague
  • Middle Or Junior School: Crossler

Lot Info

  • Lot Size: Irreg
  • Parcel #: 580683

Green Features

  • Green Certification: No

Rental Info

  • Rent Amount: 1090

Tax Info

  • Tax Deferral: No
  • Tax Year: 2019
  • Tax Annual Amount: 1247.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2020
Closed on
Apr 10, 2020
Sold by
Whitton David P and Whitton Dewey
Bought by
Morgan Charlene Tracy
Seller's Agent
Dewey Whitton
The Salem Real Estate Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$140,000
Sold Price
$135,000
Premium/Discount to List
-$5,000
-3.57%
Current Estimated Value
$206,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,000
Avg. Annual Appreciation
8.05%
Original Mortgage
$108,000
Outstanding Balance
$95,310
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$110,690

Purchase Details

Closed on
Aug 13, 2013
Sold by
Stocks Kari and Panger Kari L
Bought by
Whitton David P and Whitton Dewey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,286
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2004
Sold by
Huynin Hoa L and Tran Hung D
Bought by
Panger Kari L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,075
Interest Rate
5.7%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Morgan Charlene Tracy $135,000 Fidelity National Title
Whitton David P $57,715 First American
Panger Kari L $61,900 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Charlene Tracy $108,000
Previous Owner Whitton David P $43,286
Previous Owner Panger Kari L $52,075
Closed Panger Kari L $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2020 04/21/20 Sold $135,000 -3.5% $146 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/26/2020 02/26/20 Price Changed $139,931 0.0% $151 / Sq Ft
02/10/2020 02/10/20 For Sale $140,000 -- $151 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $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 $1,293 $67,800 $0 $0
2019 $1,286 $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

  • Dewey Whitton

    Seller's Agent in 2020

    Dewey Whitton

    The Salem Real Estate Group

    (503) 949-3623

    12 in this area

    388 Total Sales

    Dewey Whitton
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20106535

Regional Multiple Listing Service (RMLS)

APN: 580683

Oregon Marion County Salem 97302 Faye Wright

401 Madrona Ave SE Unit 7, Salem, OR

This home is located at 401 Madrona Ave SE Unit 7, Salem, OR 97302 since 11 February 2020 and is currently estimated at $206,000, approximately $222 per square foot. This property was built in 1971. 401 Madrona Ave SE Unit 7 is a home located in Marion County with nearby schools including Salem Heights Elementary School, Crossler Middle School, and Sprague High School.

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.

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