NOT LISTED FOR SALE

487 Welcome Ct SE Salem, OR 97302

Faye Wright Neighborhood

Estimated Value: $545,000 - $593,000

3 Beds
2 Baths
1,851 Sq Ft
$304/Sq Ft Est. Value

Last Sold October 15, 2012

Last sale price $220,000 $119 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $3,442/month

67 Days on Market

Highlights

  • Deck
  • Territorial View
  • First Floor Utility Room
  • Family Room with Fireplace
  • Wood Flooring
  • Cul-De-Sac

About This Home

As of October 2012

This home is located at 487 Welcome Ct SE, Salem, OR 97302 since 27 July 2012 and is currently estimated at $563,016, approximately $304 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.

Last Agent to Sell the Property

Rhonda Laughlin

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. License #200402196 Listed on: 07/27/2012

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

Last Buyer's Agent

Dewey Whitton

THE SALEM REAL ESTATE GROUP License #890200088

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,639

Year Built

  • Built in 1961

Lot Details

  • 0.32 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Landscaped
  • Sprinkler System
  • Property is zoned RS

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,851 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • First Floor Utility Room
  • Territorial Views

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Shed

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 6 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,639

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Range Facility: Electric, Built-In
  • Syndicated Remarks: Welcome home to one of Salem's most desirable neighborhoods. This solid 1851 sf one story ranch has been meticulously maintained by the same owner for 42 years. 3 bedroom 2 baths Living Room and Dining Room. Spacious Family Room w/ fireplace. All 3 rooms overlooking park like backyard. Wood floors in much of home. Full home inspection done w/ completed repairs. This is a "Blue Ribbon" home. Hurry, this one won't last long!!
  • Cross Street: Alderbrook
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Fireplace: Living Room, Family Room, Gas
  • Flooring: Carpet, Wood, Vinyl
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: 1/Main
  • Dining Room: 1/Main, On Level: 1/Main
  • Family Room: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Price Per Sq Ft: 118.85
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 124.2

Exterior Features

  • Patio: Deck
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Gas, Forced Air
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Electric

Schools

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

Lot Info

  • Acres: 0.32
  • Estimated Lot Sq Ft: 13939
  • Lot: 6
  • Lot Type: Cul-De-Sac
  • Price Per Acre: 718437.5
  • Underground Sprinklers: Yes
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 11-12
  • Tax Account Number: R65224
  • Tax Amount: 3639

Ownership History

Date Name Owned For Owner Type

Purchase Details

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
Current Estimated Value
$563,016

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

Closed on
Jun 13, 2016
Sold by
Heimburger Thomas H and Heimburger Lawanda S
Bought by
Schaer Charles W

Home Financials for this Owner

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

Purchase Details

Listed on
Jul 27, 2012
Closed on
Oct 11, 2012
Sold by
Kane Michael C and Kane Jane A
Bought by
Heimburger Thomas H and Heimburger Lawanda S
Seller's Agent
Rhonda Laughlin
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
Buyer's Agent
Dewey Whitton
THE SALEM REAL ESTATE GROUP
List Price
$229,900
Sold Price
$220,000
Premium/Discount to List
-$9,900
-4.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
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 $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2012 10/15/12 Sold $220,000 -4.3% $119 / Sq Ft
10/02/2012 10/02/12 Pending -- -- --
07/27/2012 07/27/12 For Sale $229,900 -- $124 / 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

  • Rhonda Laughlin

    Seller's Agent in 2012

    Rhonda Laughlin

    COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    (503) 851-1299

    2 in this area

    54 Total Sales

    Rhonda Laughlin
    Section Image
  • Dewey Whitton

    Buyer's Agent in 2012

    Dewey Whitton

    THE SALEM REAL ESTATE GROUP

    (503) 949-3623

    12 in this area

    389 Total Sales

    Dewey Whitton
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 655251

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 July 2012 and is currently estimated at $563,016, approximately $304 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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