NOT LISTED FOR SALE

405 Madrona Ave SE Unit 1 Salem, OR 97302

Faye Wright Neighborhood

Estimated Value: $232,000 - $236,744

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

Last Sold April 15, 2020

Last sale price $130,000 $141 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,547/month

39 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. Private location at the back lower level of the complex. In the process of updating flooring in bedrooms and living areas.New flooring negotiable until April 3rd. Updated bathroom.Dedicated parking spot. Conveniently located near Fred Meyer south and other shopping and dining options. 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

  • 479

HOA Fees

  • $175 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Composition Roof
  • 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
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Lower Level

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 580689

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: VirtualTour

Interior Features

  • Total Bathrooms: 1.0
  • Interior Amenities: LaminateFlooring, 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
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: Cedar,LapSiding,WoodSiding
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • 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: LowerFloor
  • Senior Community: No
  • Association Fee: 175.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: Unknown
  • CondominiumAssociationName: Las Maderas Condo
  • 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 #: 580689

Green Features

  • Green Certification: No

Rental Info

  • Rent Amount: 802

Tax Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2024
Sold by
Martha C Parslow Trust and Parslow Martha C
Bought by
Goth Arnold and Shaw Annette
Current Estimated Value
$234,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,125
Outstanding Balance
$167,441
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$66,931

Purchase Details

Listed on
Feb 11, 2020
Closed on
Apr 10, 2020
Sold by
Whitton David and Whitton Dewey
Bought by
Parslow Martha
Seller's Agent
Dewey Whitton
The Salem Real Estate Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.42%

Purchase Details

Closed on
Aug 30, 2006
Sold by
Whitton Dewey
Bought by
Whitton David 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
$58,500
Interest Rate
7.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 4, 2004
Sold by
Whitton Dewey and Skemp Dewey
Bought by
Whitton David 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
$55,150
Interest Rate
6.29%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 2004
Sold by
Asbury Traci R
Bought by
Barth Carolyn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,150
Interest Rate
6.29%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Goth Arnold $225,500 Fidelity National Title
Goth Arnold $225,500 Fidelity National Title
Parslow Martha $130,000 Fidelity National Title
Whitton David -- Accommodation
Whitton Dewey -- Lawyers Title Ins
Whitton David -- Lawyers Title Ins
Barth Carolyn K $56,500 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goth Arnold $169,125
Closed Goth Arnold $169,125
Previous Owner Whitton Dewey $58,500
Previous Owner Barth Carolyn K $55,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2020 04/15/20 Sold $130,000 -3.7% $141 / Sq Ft
03/20/2020 03/20/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $135,000 -- $146 / 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
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20298685

Regional Multiple Listing Service (RMLS)

APN: 580689

Oregon Marion County Salem 97302 Faye Wright

405 Madrona Ave SE Unit 1, Salem, OR

This home is located at 405 Madrona Ave SE Unit 1, Salem, OR 97302 since 11 February 2020 and is currently estimated at $234,372, approximately $253 per square foot. This property was built in 1971. 405 Madrona Ave SE Unit 1 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.

Regional Multiple Listing Service (RMLS) 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 © 2025 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.

Nearby Homes