NOT LISTED FOR SALE

5116 Cobb Ln S Salem, OR 97302

Salem Hills Neighborhood

Estimated Value: $1,346,619 - $1,433,000

4 Beds
3.5 Baths
5,044 Sq Ft
$276/Sq Ft Est. Value

Last Sold September 12, 2014

Last sale price $549,900 $109 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $7,994/month

74 Days on Market

Highlights

  • RV Access or Parking
  • Family Room with Fireplace
  • Main Floor Primary Bedroom
  • 2.09 Acre Lot
  • Wood Flooring
  • Mud Room

About This Home

As of September 2014

This home is located at 5116 Cobb Ln S, Salem, OR 97302 since 06 June 2014 and is currently estimated at $1,389,810, approximately $275 per square foot. This property was built in 2003. 5116 Cobb Ln S is a home located in Marion County with nearby schools including Schirle Elementary School, Crossler Middle School, and Sprague High School.

Last Agent to Sell the Property

Kelly Martin

REALTY ONE GROUP WILLAMETTE VALLEY License #200603182 Listed on: 06/06/2014

REALTY ONE GROUP WILLAMETTE VALLEY

Last Buyer's Agent

Julene Wynn

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC. License #200601384

COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,238

Year Built

  • Built in 2003

Lot Details

  • 2.09 Acre Lot
  • Landscaped
  • Sprinkler System
  • Property is zoned AR

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 5,044 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Mud Room
  • Family Room with Fireplace
  • Home Office
  • First Floor Utility Room
  • Security System Owned
  • Finished Basement

Kitchen

  • Walk-In Pantry
  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Parking

  • 3 Car Attached Garage
  • RV Access or Parking

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch
  • Shop

Utilities

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

Listing and Financial Details

  • Tax Lot 11

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,238

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Dual Living: Possible
  • Home Warranty: Negotiable
  • Range Facility: Electric
  • Syndicated Remarks: Desirable location w/views of mntns & city lights. This hm offers mstr on main living w/grt rm open to kitchen & breakfast nook. Also formal dining & office/living rm w/large bay wndws. Daylight bsmnt offers a hg bonus rm, a hobby rm & 2 BRs plus bath & kitchenette. Wood stairs & railing, granite cntrtops & tiled BAs. Strg abounds on both lvls, incl lg utility rm w/cntr space & cabs. Besides 3 car gar, there is 2 car shop & lg RV shop w/guest quarters. 1± ac of pasture. Must visit to see all this hm offers.
  • Cross Street: Ballyntyne
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Family Room, Gas
  • Flooring: Carpet, Wood, Vinyl
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number of Main Level Bathrooms: 1.5
  • Number of Lower Level Bathrooms: 1
  • Bedrooms: 4
  • Master Bedroom: Dimensions: 16.7x25, On Level: 1/Main
  • Bedroom 2: Dimensions: 15.4x22, On Level: Lower/Basement
  • Bedroom 3: Dimensions: 20.6x15, On Level: Lower/Basement
  • Additional Room: Dimensions: 27.8x23.6, On Level: Lower/Basement
  • Basement: Finished
  • Dining Room: 1/Main, Dimensions: 16x11.10, On Level: 1/Main
  • Family Room: Dimensions: 14x18, On Level: 1/Main
  • Kitchen: Dimensions: 14.6x16.5, On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Mudroom, Office, Walk-In Pantry
  • Price Per Sq Ft: 109.02
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 109.02

Exterior Features

  • Patio: Covered Deck, Covered Patio
  • Landscape: Yes
  • Out Buildings: Separate Shop
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

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

Schools

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

Lot Info

  • Acres: 2.09
  • Estimated Lot Sq Ft: 91040
  • Lot: 11
  • Lot Type: Common Area
  • Price Per Acre: 263110.05
  • Rv Amenities: Area/Room For, Rv Disposal
  • Underground Sprinklers: Yes
  • Zoning: AR
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 13-14
  • Tax Account Number: R46653
  • Tax Amount: 5238

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2014
Closed on
Sep 11, 2014
Sold by
Tipton Dennis J and Tipton Suezanne
Bought by
Guest William C and Guest Sue P
Seller's Agent
Kelly Martin
REALTY ONE GROUP WILLAMETTE VALLEY
Buyer's Agent
Julene Wynn
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
List Price
$574,900
Sold Price
$549,900
Premium/Discount to List
-$25,000
-4.35%
Current Estimated Value
$1,389,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$839,910
Avg. Annual Appreciation
8.74%
Original Mortgage
$417,000
Outstanding Balance
$318,650
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$1,071,160
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
Guest William C $549,900 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guest William C $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2014 09/12/14 Sold $549,900 -4.3% $109 / Sq Ft
08/19/2014 08/19/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $574,900 -- $114 / 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 $7,509 $591,700 -- --
2023 $7,329 $574,470 $0 $0
2022 $6,933 $557,740 $0 $0
2021 $6,754 $541,500 $0 $0
2020 $6,775 $525,730 $0 $0
2019 $6,527 $510,420 $0 $0
2018 $6,444 $0 $0 $0
2017 $5,646 $0 $0 $0
2016 $5,388 $0 $0 $0
2015 $5,538 $0 $0 $0
2014 $5,293 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelly Martin

    Seller's Agent in 2014

    Kelly Martin

    REALTY ONE GROUP WILLAMETTE VALLEY

    (503) 551-5788

    62 Total Sales

    Kelly Martin
    Section Image
  • Julene Wynn

    Buyer's Agent in 2014

    Julene Wynn

    COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

    (503) 851-6300

    2 in this area

    85 Total Sales

    Julene Wynn
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 677672

Willamette Valley MLS

APN: 546653

Oregon Marion County Salem 97302 Salem Hills

5116 Cobb Ln S, Salem, OR

This home is located at 5116 Cobb Ln S, Salem, OR 97302 since 06 June 2014 and is currently estimated at $1,389,810, approximately $275 per square foot. This property was built in 2003. 5116 Cobb 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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