NOT LISTED FOR SALE

505 Oregon Ave NE Salem, OR 97301

Northeast Salem Neighborhood

Estimated Value: $361,000 - $424,161

3 Beds
1.5 Baths
1,432 Sq Ft
$272/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $420,000 $293 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,348/month

3 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Corner Lot
  • Private Yard
  • Seasonal View
  • Quartz Countertops
  • No HOA

About This Home

As of July 2022

Beautiful, fully remodeled 1432 sq ft one level home on an oversize corner lot in the heart of Salem, featuring 3 Beds, 1 and a half Baths. Completely updated kitchen with new cabinets, quartz countertops and stainless appliances. New paint throughout, new windows, flooring, shower enclosures, Air Conditioning, nice covered patio, excellent back yard for entertaining. All you have to do is move in!

Last Agent to Sell the Property

Veronica Gonzalez

Premiere Property Group, LLC License #201233871 Listed on: 06/13/2022

Premiere Property Group, LLC

Co-Listed By

Patrick Ledbetter

Premiere Property Group, LLC License #201217839

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,923

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Level Lot
  • Private Yard

Parking

  • 2 Car Attached Garage
  • Garage on Main Level
  • Driveway
  • On-Street Parking

Property Views

  • Seasonal
  • Territorial

Home Design

  • Midcentury Modern Architecture
  • Composition Roof
  • Shake Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1,432 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Crawl Space
  • Laundry Room

Kitchen

  • Free-Standing Gas Range
  • Free-Standing Range
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Built-In Bathroom Cabinets

Accessible Home Design

  • Accessibility Features
  • Level Entry For Accessibility

Outdoor Features

  • Patio

Schools

  • Swegle Elementary School
  • Stephens Middle School
  • Mckay High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 597107

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,923

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 1
  • Year Built: 1964
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1, MidCenturyModern
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Accessibility Features: BathroomCabinets, GarageonMain, OneLevel
  • Total Bathrooms: 1.1
  • Fireplaces: 1
  • Interior Amenities: LaminateFlooring, Laundry, WalltoWallCarpet
  • Basement: CrawlSpace
  • Window Features: VinylFrames
  • Appliances: Dishwasher, Disposal, FreeStandingGasRange, FreeStandingRange, FreeStandingRefrigerator, GasAppliances, Quartz, StainlessSteelAppliance
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.1
  • BathroomsTotalUpperLevel: 0.0
  • High School2: McKay
  • Lot Size Range: SqFt7000to9999
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Room 8 Description: _3rdBedroom
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: Cedar,ShakeSiding
  • Exterior Features: Fenced, Patio, Yard
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot, Level
  • Road Surface Type: Concrete
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Seasonal,Territorial

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway, OnStreet
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Gas
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Swegle
  • High School: South Salem
  • Middle Or Junior School: Stephens

Lot Info

  • Farm: No
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 597107

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 2922.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Jul 18, 2022
Sold by
Wollmann Enterprises Llc
Bought by
Lamb Alex Dean and Lamb Maycie Marie
Seller's Agent
Veronica Gonzalez
Premiere Property Group, LLC
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$400,000
Sold Price
$420,000
Premium/Discount to List
$20,000
5%
Current Estimated Value
$389,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,460
Avg. Annual Appreciation
-2.28%
Original Mortgage
$335,000
Outstanding Balance
$318,714
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$70,826

Purchase Details

Closed on
Mar 18, 2022
Sold by
Hird James C
Bought by
Wollmann Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
4.16%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Lamb Alex Dean $420,000 First American Title
Wollmann Enterprises Llc $246,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamb Alex Dean $335,000
Previous Owner Wollmann Enterprises Llc $281,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2022 07/18/22 Sold $420,000 +5.0% $293 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $400,000 -- $279 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $3,463 $176,350 -- --
2023 $3,361 $171,220 $0 $0
2022 $3,009 $157,850 $0 $0
2021 $2,923 $153,260 $0 $0
2020 $2,925 $148,800 $0 $0
2019 $2,738 $144,470 $0 $0
2018 $2,787 $0 $0 $0
2017 $2,515 $0 $0 $0
2016 $2,396 $0 $0 $0
2015 $2,414 $0 $0 $0
2014 $2,336 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Veronica Gonzalez

    Seller's Agent in 2022

    Veronica Gonzalez

    Premiere Property Group, LLC

    (310) 415-4619

    2 in this area

    35 Total Sales

    Veronica Gonzalez
    Section Image
  • Patrick Ledbetter

    Seller Co-Listing Agent in 2022

    Patrick Ledbetter

    Premiere Property Group, LLC

    (503) 969-9958

    2 in this area

    81 Total Sales

    Patrick Ledbetter
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22146620

Regional Multiple Listing Service (RMLS)

APN: 597107

Oregon Marion County Salem 97301 Northeast Salem

505 Oregon Ave NE, Salem, OR

This home is located at 505 Oregon Ave NE, Salem, OR 97301 since 13 June 2022 and is currently estimated at $389,540, approximately $272 per square foot. This property was built in 1964. 505 Oregon Ave NE is a home located in Marion County with nearby schools including Richmond 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.

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