NOT LISTED FOR SALE

490 Luther St S Salem, OR 97302

South Central Neighborhood

Estimated Value: $548,000 - $594,189

3 Beds
2 Baths
2,074 Sq Ft
$275/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $559,000 $270 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,677/month

15 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Wood Flooring
  • Family Room with Fireplace
  • Territorial View
  • Main Floor Primary Bedroom

About This Home

As of October 2022

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.

Last Agent to Sell the Property

Bridget Welborn

HOMESMART REALTY GROUP License #201207994 Listed on: 09/02/2022

HOMESMART REALTY GROUP

Last Buyer's Agent

Kimberly Wells

BRIGHTHOME REAL ESTATE GROUP License #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

Date Name Owned For Owner Type

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%
Views
30
Current Estimated Value
$571,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,047
Avg. Annual Appreciation
0.91%
Original Mortgage
$447,200
Outstanding Balance
$433,393
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$139,597

Purchase Details

Closed on
Jul 22, 2021
Sold by
Wright Matthew J and Wright Kristen
Bought by
Wright Matthew J and Wright Kristen J

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

Purchase Details

Closed on
Jul 8, 2003
Sold by
Shepard Doreen D and Shepard David R
Bought by
Wright Matthew and Wright Kristen
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
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
10/31/2022 10/31/22 Sold $559,000 -3.6% $270 / Sq Ft
09/02/2022 09/02/22 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 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 $6,164 $313,930 -- --
2023 $5,982 $304,790 $0 $0
2022 $5,640 $295,920 $0 $0
2021 $5,479 $287,310 $0 $0
2020 $5,484 $278,950 $0 $0
2019 $5,133 $270,830 $0 $0
2018 $5,224 $0 $0 $0
2017 $4,188 $0 $0 $0
2016 $3,990 $0 $0 $0
2015 $4,020 $0 $0 $0
2014 $3,890 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bridget Welborn

    Seller's Agent in 2022

    Bridget Welborn

    HOMESMART REALTY GROUP

    (503) 510-6580

    8 in this area

    165 Total Sales

    Bridget Welborn
    Section Image

  • K

    Buyer's Agent in 2022

    Kimberly Wells

    BRIGHTHOME REAL ESTATE GROUP

See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 797436

Willamette Valley MLS

APN: 582423

Oregon Marion County Salem 97302 South Central

490 Luther St S, Salem, OR

This home is located at 490 Luther St S, Salem, OR 97302 since 02 September 2022 and is currently estimated at $571,047, approximately $275 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.

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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