NOT LISTED FOR SALE

401 Madrona (Unit #1) Ave SE Salem, OR 97302

Faye Wright Neighborhood

Estimated Value: $238,853 - $252,000

2 Beds
1 Bath
925 Sq Ft
436 Sq Ft Lot

Last Sold December 11, 2020

Last sale price $125,000 $135 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $1,431/month

28 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Wood Siding
  • Territorial View
  • Baseboard Heating
  • Carpet

About This Home

As of December 2020

Great opportunity to own a condo in the Salem area. Dedicated parking spot. Conveniently located by Fred Meyer South and other shopping and dining options. HOA fees of $175/month cover water, sewer, garbage and exterior maintenance. Shared laundry facilities

Last Agent to Sell the Property

DIANA CUNDIFF

NEXTHOME PICKET FENCE REALTY License #201234084 Listed on: 09/01/2020

NEXTHOME PICKET FENCE REALTY

Last Buyer's Agent

Derek Manasco

REAL BROKER License #201225584

REAL BROKER

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,247

Year Built

  • Built in 1971

Lot Details

  • 436

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Cedar Siding

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot Bldg 401

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,247

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Condominium
  • Home Style: 1 Story
  • Home Warranty: Negotiable
  • Range Facility: Range Included
  • Syndicated Remarks: Great opportunity to own a condo in the Salem area. Dedicated parking spot. Conveniently located by Fred Meyer South and other shopping and dining options. HOA fees of $175/month cover water, sewer, garbage and exterior maintenance. Shared laundry facilities
  • Cross Street: Commercial st
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Negotiable Inclusions: Refrigerator
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Dining Room: 1/Main, On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Price Per Sq Ft: 135.14
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 145.95

Exterior Features

  • Patio: Deck
  • Foundation: Slab
  • Roof: Composition
  • Siding: Cedar, Wood
  • View: Territorial

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Heating/Cooling: Baseboard, Electric
  • Sewer City: Yes
  • Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • Homeowners Assn: Association With Fee

Schools

  • Elementary School: Salem Heights
  • Middle School: Crossler
  • High School: Sprague

Lot Info

  • Acres: 0.01
  • Estimated Lot Sq Ft: 436
  • Lot: Bldg 401
  • Lot Type: Common Area
  • Price Per Acre: 13500000
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R80677
  • Tax Years: 2019
  • Tax Account Number: R80677
  • Tax Amount: 1247

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Dill Trevor Thaxton
Bought by
Kirkman Lyndsay M
Current Estimated Value
$245,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$174,120
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$71,307

Purchase Details

Listed on
Sep 1, 2020
Closed on
Dec 10, 2020
Sold by
Vanhook Jeffrey and Vanhook Van Hook
Bought by
Dill Trevor Thaxton
Seller's Agent
DIANA CUNDIFF
NEXTHOME PICKET FENCE REALTY
Buyer's Agent
Derek Manasco
REAL BROKER
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.02%
Original Mortgage
$126,100
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2020
Sold by
Vanhook Jeffrey
Bought by
Vanhook Jeffrey and Vanhook Van Hook
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
Kirkman Lyndsay M $250,000 Fidelity National Title
Dill Trevor Thaxton $130,000 Ticor Title Co
Vanhook Jeffrey -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kirkman Lyndsay M $175,000
Previous Owner Dill Trevor Thaxton $126,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2020 12/11/20 Sold $125,000 0.0% $135 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/28/2020 09/28/20 Off Market $125,000 -- --
09/09/2020 09/09/20 For Sale $135,000 0.0% $146 / Sq Ft
09/02/2020 09/02/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $135,000 -- $146 / 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 $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

  • D

    Seller's Agent in 2020

    DIANA CUNDIFF

    NEXTHOME PICKET FENCE REALTY

    (503) 999-5220

    4 in this area

    10 Total Sales

    DIANA CUNDIFF
    Section Image
  • Derek Manasco

    Buyer's Agent in 2020

    Derek Manasco

    REAL BROKER

    (541) 231-2157

    2 in this area

    96 Total Sales

    Derek Manasco
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 768286

Willamette Valley MLS

APN: 580677

Oregon Marion County Salem 97302 Faye Wright

401 Madrona (Unit #1) Ave SE, Salem, OR

This home is located at 401 Madrona (Unit #1) Ave SE, Salem, OR 97302 since 01 September 2020 and is currently estimated at $245,427, approximately $265 per square foot. This property was built in 1971. 401 Madrona (Unit #1) Ave SE 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.

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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