Charming Fairmount Hill home directly across the street from Fairmount Park. Located in one of Salem's most sought after neighborhoods & school districts. Refinished hardwood floors, new interior & exterior paint with tastefully updated kitchen & bathrooms. Downstairs family room with gas fireplace. Large, peaceful backyard with stamped concrete patio and built-in fire pit area perfect for entertaining. Oversized 2 car garage with roll-up door access to back yard. Offer deadline Saturday 9/17 at noon.
HOMESMART REALTY GROUPLicense #201207994Listed on: 09/02/2022
Last Buyer's Agent
Kimberly Wells
BRIGHTHOME REAL ESTATE GROUPLicense #201244953
Home Details
Home Type
Single Family
Est. Annual Taxes
$5,649
Year Built
Built in 1946
Lot Details
8,332 Sq Ft Lot
Partially Fenced Property
Landscaped
Sprinkler System
Property is zoned RS
Parking
2 Car Detached Garage
Home Design
Composition Roof
Wood Siding
Lap Siding
Interior Spaces
2,074 Sq Ft Home
2-Story Property
Wood Burning Fireplace
Gas Fireplace
Family Room with Fireplace
Living Room with Fireplace
Recreation Room
Lower Floor Utility Room
Territorial Views
Kitchen
Gas Range
Microwave
Dishwasher
Disposal
Flooring
Wood
Carpet
Tile
Bedrooms and Bathrooms
3 Bedrooms
Primary Bedroom on Main
2 Full Bathrooms
Basement
Partial Basement
Natural lighting in basement
Outdoor Features
Deck
Patio
Utilities
Forced Air Heating and Cooling System
Heat Pump System
Heating System Uses Gas
Gas Water Heater
High Speed Internet
Listing and Financial Details
Legal Lot and Block 11 / 4
Home Details
Home Type
Single Family
Est. Annual Taxes
$5,649
Year Built
Built in 1946
Lot Details
0
Listing Details
Class: Residential
Type: Residence
Home Style: 2 Story
Dual Living: Possible
Range Facility: Gas, Microwave Included, Range Included
Syndicated Remarks: Charming Fairmount Hill home directly across the street from Fairmount Park. Located in one of Salem's most sought after neighborhoods & school districts. Refinished hardwood floors, new interior & exterior paint with tastefully updated kitchen & bathrooms. Downstairs family room with gas fireplace. Large, peaceful backyard with stamped concrete patio and built-in fire pit area perfect for entertaining. Oversized 2 car garage with roll-up door access to back yard. Offer deadline Saturday 9/17 at noon.
Cross Street: John St
Year Built: 1946
Special Features: None
Property Sub Type: Detached
Stories: 2
Interior Features
Dishwasher: Yes
Disposal: Yes
Fireplace: Living Room, Family Room, Wood, Gas
Negotiable Inclusions: oven/range, dishwasher, microwave &sauna in garage
Flooring: Carpet, Wood, Tile
Total Bathrooms: 2
Total Bathrooms: 2
Full Bathrooms: 2
Number of Main Level Bathrooms: 1
Number of Lower Level Bathrooms: 1
Bedrooms: 3
Master Bedroom: On Level: 1/Main
Bedroom 2: On Level: 1/Main
Bedroom 3: On Level: 1/Main
Basement: Daylight, Partial
Dining Room: 1/Main, On Level: 1/Main
Family Room: On Level: Lower/Basement
Living Room: On Level: 1/Main
Kitchen: On Level: 1/Main
Utility Room Level: Lower/Basement
Bonus Rooms: Rec Room
Price Per Sq Ft: 269.53
Source Of Sq Ft: County
Price Per Sq Ft: 279.65
Exterior Features
Patio: Deck, Patio
Exterior Color: Gray
Fenced Yard: Partial
Foundation: Continuous
Landscape: Yes
Roof: Composition
Siding: Wood
Siding Style: Lap
View: Territorial
Garage/Parking
Garage Type: Detached
Garage Capacity: 2
Utilities
Heating/Cooling: Gas, Central Ac, Heat Pump, Forced Air
High Speed Comm Access: Available
Sewer City: Yes
Water: City
Water Heater: Gas
Schools
Elementary School: McKinley
Middle School: Leslie
High School: South Salem
Lot Info
Acres: 0.19
Estimated Lot Sq Ft: 8332
Lot: 11
Price Per Acre: 3052631.58
Underground Sprinklers: Yes
Zoning: RS
Geo Subdivision: OR
Tax Info
Tax Database Id: 3
Assessor Parcel Number: 582423
Tax Years: 2021-2022
Tax Account Number: 582423
Tax Amount: 5649
Ownership History
DateNameOwned ForOwner Type
Oct 2022 - PresentMarsaglia John2 Years and 8 Months
Private Individual
Purchase Details
Listed on
Sep 2, 2022
Closed on
Oct 27, 2022
Sold by
Matthew J And Kristen J Wright Trust
Bought by
Marsaglia John
Seller's Agent
Bridget Welborn
HOMESMART REALTY GROUP
Buyer's Agent
Kimberly Wells
BRIGHTHOME REAL ESTATE GROUP
List Price
$580,000
Sold Price
$559,000
Premium/Discount to List
-$21,000
-3.62%
Total Days on Market
15
Views
30
Current Estimated Value
$567,584
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,584
Avg. Annual Appreciation
0.96%
Original Mortgage
$447,200
Outstanding Balance
$433,393
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$139,597
Jul 2021 - Oct 2022Wright Matthew J and Wright Kristen J1 Year and 3 Months
Private Individual
Purchase Details
Closed on
Jul 22, 2021
Sold by
Wright Matthew J and Wright Kristen
Bought by
Wright Matthew J and Wright Kristen J
Jul 2009 - Jul 2021Wright Matthew J and Wright Kristen12 Years
Private Individual
Purchase Details
Closed on
Jul 31, 2009
Sold by
Wright Matthew and Wright Kristen
Bought by
Wright Matthew J and Wright Kristen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,600
Interest Rate
5.37%
Mortgage Type
Unknown
Jul 2003 - Jul 2009Wright Matthew and Wright Kristen6 Years
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Home is in an established neighborhood on a large corner lot w/lavish landscaping as this single level craftsman style home sits in the hills in West Salem. This home has an open concept throughout w/updated remodeled kitchen w/granite countertops, downdraft induction cooktop, island, SS appliances, large pantry and new cabinets. The hardwood floors flow throughout w/2 gas fireplaces w/a large
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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
Marsaglia John
$559,000
Amerititle
Wright Matthew J
--
None Available
Wright Matthew J
--
Fidelity Natl Title Co Of Or
Wright Matthew
$142,000
Ticor Title
Source: Public Records
Mortgage History
Date
Status
Borrower
Loan Amount
Open
Marsaglia John
$447,200
Previous Owner
Wright Matthew J
$233,000
Previous Owner
Wright Matthew J
$227,600
Previous Owner
Wright Matthew
$60,000
Previous Owner
Wright Matthew
$225,000
Previous Owner
Wright Matthew
$60,000
Previous Owner
Wright Matthew J
$148,000
Previous Owner
Wright Matthew J
$149,480
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
10/31/202210/31/22
Sold
$559,000
-3.6%
$270 / Sq Ft
09/02/202209/02/22
For Sale
$580,000
--
$280 / Sq Ft
Source: Willamette Valley MLS
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 490 Luther St S, Salem, OR 97302 since 02 September 2022 and is currently estimated at $567,584, approximately $273 per square foot. This property was built in 1946. 490 Luther St S is a home located in Marion County with nearby schools including McKinley Elementary School, Leslie Middle School, and South Salem 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.
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