NOT LISTED FOR SALE

5113 Cherry Hollow Ln S Salem, OR 97302

Salem Hills Neighborhood

Estimated Value: $520,385 - $570,000

2 Beds
1 Bath
1,350 Sq Ft
$404/Sq Ft Est. Value

Last Sold April 06, 2021

Last sale price $385,000 $285 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,121/month

4 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Family Room with Fireplace
  • 1.7 Acre Lot
  • Deck
  • First Floor Utility Room

About This Home

As of April 2021

Amazing views from this two bedroom home on approx. 1.7 acres Close in. Two large living areas, fireplace, solar panels and more. Nice small acreage with shed, chicken coop and very usable land. In area of upper end homes. This sale is subject to partitioning 2 acres so longer closing is needed.

Last Agent to Sell the Property

Joseph Olivares

BELLA CASA REAL ESTATE GROUP License #201239628 Listed on: 03/20/2020

Last Buyer's Agent

Mike Paluska

PALUSKA REAL ESTATE License #201219516

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,686

Year Built

  • Built in 1973

Lot Details

  • 1.7 Acre Lot
  • Partially Fenced Property
  • Landscaped
  • Property is zoned AR

Property Views

  • Mountain
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • First Floor Utility Room

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Shed

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 14 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,686

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Home Warranty: Negotiable
  • Range Facility: Built-In, Electric, Microwave Included, Range Included
  • Syndicated Remarks: Amazing views from this two bedroom home on approx. 1.7 acres Close in. Two large living areas, fireplace, solar panels and more. Nice small acreage with shed, chicken coop and very usable land. In area of upper end homes. This sale is subject to partitioning 2 acres so longer closing is needed.
  • Cross Street: Ballantyne
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Fireplace: Family Room, Wood
  • Negotiable Inclusions: Refrigerator
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Additional Room: 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: 285.19
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 258.89

Exterior Features

  • Patio: Deck
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap
  • View: Mountain, Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

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

Schools

  • Elementary School: Schirle
  • Middle School: Crossler
  • High School: Sprague

Lot Info

  • Acres: 1.7
  • Estimated Lot Sq Ft: 74052
  • Lot: 14
  • Lot Type: Dimension Above
  • Price Per Acre: 205588.24
  • Rv Amenities: Area/Room For
  • Zoning: AR
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R46658
  • Tax Years: 2019
  • Tax Account Number: R46658
  • Tax Amount: 2686

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2021
Sold by
Short Jay and Short Judith
Bought by
Hicks Ronnie A and Hicks Lori J
Current Estimated Value
$545,193

Purchase Details

Listed on
Mar 20, 2020
Closed on
Mar 27, 2021
Sold by
Short Jessica E
Bought by
Ray Brossard Travis and Ray Brianne Brossard
Seller's Agent
Joseph Olivares
BELLA CASA REAL ESTATE GROUP
Buyer's Agent
Mike Paluska
PALUSKA REAL ESTATE
List Price
$349,500
Sold Price
$385,000
Premium/Discount to List
$35,500
10.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$308,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2013
Sold by
Short Judith A and Short Jay W
Bought by
Short Jessica E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,645
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 2004
Sold by
Short Judith A
Bought by
Short Jay W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.99%
Mortgage Type
New Conventional
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
Hicks Ronnie A $175,000 First American
Ray Brossard Travis $385,000 First American
Short Jessica E $147,700 First American
Short Jay W -- Fat
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ray Brossard Travis $308,000
Previous Owner Short Jessica E $127,645
Previous Owner Short Jay W $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2021 04/06/21 Sold $385,000 +10.2% $285 / Sq Ft
03/24/2020 03/24/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $349,500 -- $259 / 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 $2,755 $217,080 -- --
2023 $2,436 $190,950 $0 $0
2022 $2,305 $185,390 $0 $0
2021 $1,609 $129,030 $0 $0
2020 $2,787 $216,310 $0 $0
2019 $2,831 $210,010 $0 $0
2018 $2,652 $0 $0 $0
2017 $2,323 $0 $0 $0
2016 $2,217 $0 $0 $0
2015 $2,279 $0 $0 $0
2014 $2,178 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joseph Olivares

    Seller's Agent in 2021

    Joseph Olivares

    BELLA CASA REAL ESTATE GROUP

    (971) 237-6342

    1 in this area

    47 Total Sales

    Joseph Olivares
    Section Image

  • M

    Buyer's Agent in 2021

    Mike Paluska

    PALUSKA REAL ESTATE

    (503) 585-3249

    1 in this area

    17 Total Sales

    Mike Paluska
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 761586

Willamette Valley MLS

APN: 546658

Oregon Marion County Salem 97302 Salem Hills

5113 Cherry Hollow Ln S, Salem, OR

This home is located at 5113 Cherry Hollow Ln S, Salem, OR 97302 since 20 March 2020 and is currently estimated at $545,193, approximately $403 per square foot. This property was built in 1973. 5113 Cherry Hollow Ln S is a home located in Marion County with nearby schools including Schirle Elementary School, Crossler 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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