NOT LISTED FOR SALE

518 Red Cedar Ln NE Salem, OR 97301

Estimated Value: $439,000 - $460,000

4 Beds
2.5 Baths
1,629 Sq Ft
$275/Sq Ft Est. Value

Last Sold August 15, 2019

Last sale price $330,000 $203 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,765/month

21 Days on Market

Highlights

  • New Construction
  • Craftsman Architecture
  • Private Yard
  • RV Access or Parking
  • Granite Countertops
  • Stainless Steel Appliances

About This Home

As of August 2019

Stunning new home built by Chira Construction Inc. Spacious open floor plan with 9' ceilings, laminate wood flooring and fireplace with custom mantle. Kitchen has granite countertops, tile backsplash, solid wood cabinets with soft close door and stainless steel appliances. Large master bedroom with trey ceilings, walk in closet and en-suite bathroom with double sinks.

Last Agent to Sell the Property

Chet Graham

Realty First License #910800166 Listed on: 05/20/2019

Last Buyer's Agent

Andrew McManis

The Brokerage House License #201216391

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,046

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Fenced
  • Level Lot
  • Private Yard

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,629 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Laminate Flooring

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • ENERGY STAR Qualified Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Auburn Elementary School
  • North Salem High School

Utilities

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

Community Details

  • Red Cedar Association

Listing and Financial Details

  • Builder Warranty
  • Home warranty included in the sale of the property
  • Assessor Parcel Number Not Found

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,046

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Warranty: BuilderWarranty
  • Year Built: 2019
  • Property Condition: NewConstruction
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2, Craftsman
  • New Construction: Yes
  • Property Attached Yn: No
  • Open House: No
  • Special Features: NewHome

Interior Features

  • Total Bathrooms: 2.1
  • Fireplaces: 1
  • Interior Amenities: CeilingFan, GarageDoorOpener, LaminateFlooring
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: BuiltinRange, Dishwasher, Disposal, ENERGYSTARQualifiedAppliances, GasAppliances, Granite, Microwave, StainlessSteelAppliance
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Association Contact: Unknown
  • BathroomsFullUpperLevel: 2
  • BathroomsPartialMainLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 0.1
  • BathroomsTotalUpperLevel: 2.0
  • Lot Size Range: SqFt5000to6999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Exterior Features: Fenced, Yard
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • R V Description: RVParking
  • View: No
  • Lot Features: Level
  • Disclosures: Disclosure
  • Home Warranty: Yes
  • Roof: Composition

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Water
  • Senior Community: No
  • Association Fee: 50.0
  • Association Fee Frequency: Monthly
  • Association Name: Red Cedar
  • Phone: 123-123-1234
  • Association: Yes
  • Association Email: Unknown

Association/Amenities

  • AssociationAddress: Unknown
  • AssociationPendingLitigationYN: No
  • AssociationStatus: Unknown

Schools

  • Elementary School: Auburn
  • High School: North Salem

Lot Info

  • Parcel #: Not Found

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2020
Sold by
Pen Bunarith
Bought by
Veng Rasy
Current Estimated Value
$448,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,100
Outstanding Balance
$195,955
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$252,567

Purchase Details

Listed on
May 20, 2019
Closed on
Aug 2, 2019
Sold by
Chira Consruction Inc
Bought by
Veng Rasy and Pen Bunarith
Seller's Agent
Chet Graham
Realty First
Buyer's Agent
Andrew McManis
The Brokerage House
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%
Original Mortgage
$318,986
Interest Rate
3.7%
Mortgage Type
FHA
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
Veng Rasy -- Wfg Title
Veng Rasy $330,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veng Rasy $220,100
Previous Owner Veng Rasy $318,986
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2019 08/15/19 Sold $330,000 0.0% $203 / Sq Ft
08/15/2019 08/15/19 Sold $330,000 0.0% $203 / Sq Ft
06/12/2019 06/12/19 Price Changed $330,000 0.0% $203 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
06/05/2019 06/05/19 Price Changed $330,000 +1.5% $203 / Sq Ft
05/20/2019 05/20/19 For Sale $325,000 0.0% $200 / Sq Ft
04/24/2019 04/24/19 Price Changed $325,000 -3.0% $200 / Sq Ft
02/26/2019 02/26/19 For Sale $335,000 -- $206 / 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 $4,046 $250,790 -- --
2023 $3,840 $243,490 $0 $0
2022 $3,619 $236,400 $0 $0
2021 $3,584 $229,520 $0 $0
2020 $3,357 $222,840 $0 $0
2019 $833 $41,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chet Graham

    Seller's Agent in 2019

    Chet Graham

    Realty First

    (503) 999-9082

    2 in this area

    197 Total Sales

    Chet Graham
    Section Image

  • A

    Buyer's Agent in 2019

    Andrew McManis

    The Brokerage House

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19460541

Regional Multiple Listing Service (RMLS)

APN: 357269

Oregon Marion County Salem 97301

518 Red Cedar Ln NE, Salem, OR

This home is located at 518 Red Cedar Ln NE, Salem, OR 97301 since 20 May 2019 and is currently estimated at $448,522, approximately $275 per square foot. This property was built in 2019. 518 Red Cedar Ln NE is a home located in Marion County with nearby schools including Auburn Elementary School, Houck Middle School, and North 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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