NOT LISTED FOR SALE

502 Rural Ave S Salem, OR 97302

South Central Neighborhood

Estimated Value: $478,425 - $674,000

3 Beds
2.5 Baths
1,722 Sq Ft
$332/Sq Ft Est. Value

Last Sold March 17, 2017

Last sale price $324,430 $188 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,509/month

10 Days on Market

Highlights

  • Living Room with Fireplace
  • Wood Flooring
  • Walk-In Pantry
  • Territorial View
  • First Floor Utility Room
  • 1 Car Attached Garage

About This Home

As of March 2017

Enjoy Salem’s prime location at the Fairmont Cottages! Discover a unique lifestyle in this “Porch Community” w/picture perfect grounds & community center w/workout room & party space. 2 story Craftsman Style w/1722 SF – covered front porch, high ceilings, open floor plan, gas FP. Dream kitchen w/Cherrywood cabinetry, granite counters, s/s apps, walk-in pantry, built-in desk & island breakfast bar. Inside Utility. 3 Bdrms w/spacious master suite w/walk in closet, garden tub, shower & slider to balcony.

Last Agent to Sell the Property

Gladys Blum

BLUM REAL ESTATE License #781200091 Listed on: 01/23/2017

Last Buyer's Agent

JAKE BUCKENDORF

WINDERMERE PACIFIC WEST PROP License #200110066

WINDERMERE PACIFIC WEST PROP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,021

Year Built

  • Built in 2007

Lot Details

  • 2,160 Sq Ft Lot
  • Landscaped
  • Sprinkler System
  • Property is zoned RS

Parking

  • 1 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,722 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • First Floor Utility Room
  • Territorial Views

Kitchen

  • Walk-In Pantry
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Covered Deck

Utilities

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

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Tax Lot 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,021

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Home Warranty: Negotiable
  • Range Facility: Gas, Microwave Included, Range Included
  • Syndicated Remarks: Enjoy Salem’s prime location at the Fairmont Cottages! Discover a unique lifestyle in this “Porch Community” w/picture perfect grounds & community center w/workout room & party space. 2 story Craftsman Style w/1722 SF – covered front porch, high ceilings, open floor plan, gas FP. Dream kitchen w/Cherrywood cabinetry, granite counters, s/s apps, walk-in pantry, built-in desk & island breakfast bar. Inside Utility. 3 Bdrms w/spacious master suite w/walk in closet, garden tub, shower & slider to balcony.
  • Cross Street: John St.
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room, Gas
  • Negotiable Inclusions: Range, Fridge, Window Treatments
  • Flooring: Carpet, Wood
  • Total Bathrooms: 2.5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Main Level Bathrooms: .5
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 13.8x13.5, On Level: 2/Upper
  • Bedroom 2: Dimensions: 12.6x9.5, On Level: 2/Upper
  • Bedroom 3: Dimensions: 12.6x9.5, On Level: 2/Upper
  • Dining Room: 1/Main, Dimensions: 11x10, On Level: 1/Main
  • Family Room: Dimensions: 12.2x10.4, On Level: 2/Upper
  • Living Room: Dimensions: 14.6x13.6, On Level: 1/Main
  • Kitchen: Dimensions: 16x13.5, On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Walk-In Pantry
  • Price Per Sq Ft: 188.4
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 191.58

Exterior Features

  • Patio: Covered Deck
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

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

Condo/Co-op/Association

  • Homeowners Assn: Association With Fee

Schools

  • Elementary School: McKinley
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Acres: 0.05
  • Estimated Lot Dimensions: Irr
  • Estimated Lot Sq Ft: 2160
  • Lot: 8
  • Lot Type: Common Area, Dimension Above
  • Price Per Acre: 6598000
  • Underground Sprinklers: Yes
  • Zoning: RS

Tax Info

  • Tax Years: 2016
  • Tax Account Number: R341149
  • Tax Amount: 4021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2017
Sold by
Collins Richard D
Bought by
Collins Richard D and The Richard D Collins Family Trust
Current Estimated Value
$572,356

Purchase Details

Listed on
Jan 23, 2017
Closed on
Mar 16, 2017
Sold by
Jones Carolyn L
Bought by
Collins Richard D
Seller's Agent
Gladys Blum
BLUM REAL ESTATE
Buyer's Agent
JAKE BUCKENDORF
WINDERMERE PACIFIC WEST PROP
List Price
$329,900
Sold Price
$324,430
Premium/Discount to List
-$5,470
-1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$200,000
Outstanding Balance
$107,665
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$451,873

Purchase Details

Closed on
Apr 27, 2007
Sold by
Euterpe Inc
Bought by
Jones Carolyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
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
Collins Richard D -- None Available
Collins Richard D $324,430 Fidelity Nalt Title
Jones Carolyn L $99,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Richard D $200,000
Previous Owner Jones Carolyn L $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2017 03/17/17 Sold $324,430 -1.7% $188 / Sq Ft
02/02/2017 02/02/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $329,900 -- $192 / 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 $5,519 $281,100 -- --
2023 $5,357 $272,920 $0 $0
2022 $5,051 $264,980 $0 $0
2021 $4,906 $257,270 $0 $0
2020 $4,763 $249,780 $0 $0
2019 $4,596 $242,510 $0 $0
2018 $4,677 $0 $0 $0
2017 $4,222 $0 $0 $0
2016 $4,021 $0 $0 $0
2015 $4,051 $0 $0 $0
2014 $3,921 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gladys Blum

    Seller's Agent in 2017

    Gladys Blum

    BLUM REAL ESTATE

    (503) 507-6225

    9 in this area

    750 Total Sales

    Gladys Blum
    Section Image
  • JAKE BUCKENDORF

    Buyer's Agent in 2017

    JAKE BUCKENDORF

    WINDERMERE PACIFIC WEST PROP

    (503) 371-5155

    2 in this area

    68 Total Sales

    JAKE BUCKENDORF
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 713959

Willamette Valley MLS

APN: 341149

Oregon Marion County Salem 97302 South Central

502 Rural Ave S, Salem, OR

This home is located at 502 Rural Ave S, Salem, OR 97302 since 23 January 2017 and is currently estimated at $572,356, approximately $332 per square foot. This property was built in 2007. 502 Rural Ave 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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