NOT LISTED FOR SALE

487 Welcome Ct SE Salem, OR 97302

Faye Wright Neighborhood

Estimated Value: $546,000 - $579,000

3 Beds
2 Baths
2,036 Sq Ft
$275/Sq Ft Est. Value

Last Sold April 17, 2024

Last sale price $556,800 $273 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,551/month

21 Days on Market

Highlights

  • Deck
  • Territorial View
  • Mud Room
  • Family Room with Fireplace
  • Wood Flooring
  • Fenced Yard

About This Home

As of April 2024

Rare opportunity to discover the timeless appeal of this meticulously maintained ranch-style gem in the heart of Alderbrook Manor. Built in 1961, this single-level residence exudes warmth & character, offering a perfect blend of vintage charm and modern comfort. This home captures the essence of mid-century design while providing a cozy & inviting atmosphere. Whether you're relaxing in the living room or enjoying the vibrant blooms in the garden, every corner of this home reflects charm.

Last Agent to Sell the Property

Ashleigh Fordham

WINDERMERE HERITAGE License #201006106 Listed on: 03/27/2024

WINDERMERE HERITAGE

Co-Listed By

Ryan Fordham

WINDERMERE HERITAGE License #201211503

Last Buyer's Agent

Dana Burk

KELLER WILLIAMS CAPITAL CITY License #200302137

KELLER WILLIAMS CAPITAL CITY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,321

Year Built

  • Built in 1961

Lot Details

  • 0.32 Acre Lot
  • Fenced Yard
  • Landscaped
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,036 Sq Ft Home
  • 1-Story Property
  • Mud Room
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Territorial Views

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Schools

  • Faye Wright Elementary School
  • Judson Middle School
  • Sprague High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • Alderbrook Manor Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,321

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Range Facility: Built-In, Gas
  • Syndicated Remarks: Rare opportunity to discover the timeless appeal of this meticulously maintained ranch-style gem in the heart of Alderbrook Manor. Built in 1961, this single-level residence exudes warmth & character, offering a perfect blend of vintage charm and modern comfort. This home captures the essence of mid-century design while providing a cozy & inviting atmosphere. Whether you're relaxing in the living room or enjoying the vibrant blooms in the garden, every corner of this home reflects charm.
  • Cross Street: Alderbrook
  • Year Built: 1961
  • Home Style2: 1 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Fireplace: Family Room, Living Room
  • Negotiable Inclusions: Range, Fridge, Dishwasher, Washer/Dryer
  • Flooring: Wood, Tile, Vinyl
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Bonus Rooms: Mudroom
  • Price Per Sq Ft: 273.48
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 267.68

Exterior Features

  • Patio: Deck
  • Exterior Color: Light Blue
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Siding: Wood
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Gas, Central Ac, Forced Air
  • High Speed Comm Access: Available
  • Sewer City: Yes
  • Water: Connected, City
  • Water Heater: Gas

Schools

  • Elementary School: Faye Wright
  • Middle School: Judson
  • High School: Sprague

Lot Info

  • Acres: 0.32
  • Lot: 6
  • Lot Type: Dimension Above
  • Price Per Acre: 1703125
  • Underground Sprinklers: Yes
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2023
  • Tax Account Number: 565224
  • Tax Amount: 5321

MLS Schools

  • HighSchool: Sprague
  • Middle School: Judson
  • Elementary School: Faye Wright

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Apr 16, 2024
Sold by
Charles W Schaer Family Trust and Trinity Fiduciary Services
Bought by
Gerhard And Ann Hanson Trust and Hanson
Seller's Agent
Ashleigh Fordham
WINDERMERE HERITAGE
Buyer's Agent
Dana Burk
KELLER WILLIAMS CAPITAL CITY
List Price
$545,000
Sold Price
$556,800
Premium/Discount to List
$11,800
2.17%
Views
72
Current Estimated Value
$560,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,429
Avg. Annual Appreciation
0.07%

Purchase Details

Closed on
Jul 5, 2018
Sold by
Schaer Charles W
Bought by
Schaer Charles W and The Charles W Schaer Family Trust

Purchase Details

Listed on
May 3, 2016
Closed on
Jun 13, 2016
Sold by
Heimburger Thomas H and Heimburger Lawanda S
Bought by
Schaer Charles W
Seller's Agent
SANDY LYNESS
SANDY LYNESS REAL ESTATE INVESTMENTS, LLC
Buyer's Agent
Debra Susee-Ventura
RE/MAX INTEGRITY - SALEM
List Price
$329,900
Sold Price
$326,900
Premium/Discount to List
-$3,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$164,950
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2012
Sold by
Kane Michael C and Kane Jane A
Bought by
Heimburger Thomas H and Heimburger Lawanda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2003
Sold by
Kane Michael C and Kane Jane A
Bought by
Kane Michael C and Kane Jane A
Source: Public Records

Range of Values:

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Average Value
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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
Gerhard And Ann Hanson Trust $556,800 Ticor Title
Schaer Charles W -- None Available
Schaer Charles W $326,900 Fidelity National Title
Heimburger Thomas H $220,000 First American
Kane Michael C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schaer Charles W $164,950
Previous Owner Heimburger Thomas H $28,500
Previous Owner Heimburger Thomas H $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2024 04/17/24 Sold $556,800 +2.2% $273 / Sq Ft
03/27/2024 03/27/24 For Sale $545,000 +66.7% $268 / Sq Ft
06/14/2016 06/14/16 Sold $326,900 -0.9% $161 / Sq Ft
05/07/2016 05/07/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $329,900 -- $162 / 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 $5,483 $279,250 -- --
2023 $5,321 $271,120 $0 $0
2022 $5,017 $263,230 $0 $0
2021 $4,874 $255,570 $0 $0
2020 $4,732 $248,130 $0 $0
2019 $4,566 $240,910 $0 $0
2018 $4,646 $0 $0 $0
2017 $4,194 $0 $0 $0
2016 $3,994 $0 $0 $0
2015 $4,025 $0 $0 $0
2014 $3,799 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashleigh Fordham

    Seller's Agent in 2024

    Ashleigh Fordham

    WINDERMERE HERITAGE

    (503) 930-5512

    3 in this area

    115 Total Sales

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  • Ryan Fordham

    Seller Co-Listing Agent in 2024

    Ryan Fordham

    WINDERMERE HERITAGE

    (503) 569-1725

    4 in this area

    52 Total Sales

    Section Image
  • Dana Burk

    Buyer's Agent in 2024

    Dana Burk

    KELLER WILLIAMS CAPITAL CITY

    (503) 409-5861

    3 in this area

    102 Total Sales

    Section Image

  • S

    Seller's Agent in 2016

    SANDY LYNESS

    SANDY LYNESS REAL ESTATE INVESTMENTS, LLC

    (503) 551-2645

    61 Total Sales

    Section Image
  • Debra Susee-Ventura

    Buyer's Agent in 2016

    Debra Susee-Ventura

    RE/MAX

    (503) 884-1985

    8 in this area

    145 Total Sales

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 814833

Willamette Valley MLS

APN: 565224

Oregon Marion County Salem 97302 Faye Wright

487 Welcome Ct SE, Salem, OR

This home is located at 487 Welcome Ct SE, Salem, OR 97302 since 27 March 2024 and is currently estimated at $560,229, approximately $275 per square foot. This property was built in 1961. 487 Welcome Ct SE is a home located in Marion County with nearby schools including Wright Elementary School, Judson 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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