NOT LISTED FOR SALE

5222 Cobb Ln S Salem, OR 97302

Salem Hills Neighborhood

Estimated Value: $1,245,256 - $1,299,000

4 Beds
3 Baths
4,272 Sq Ft
$298/Sq Ft Est. Value

Last Sold October 15, 2018

Last sale price $775,000 $181 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $7,381/month

370 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Wood Flooring
  • 1.64 Acre Lot
  • Deck
  • No HOA

About This Home

As of October 2018

Gorgeous custom built on 1.64 acres in S Salem Hills. Quality built home/finest materials. High on a hill with lovely view. Rural feeling (county taxes)! but close to town, light and bright. Master on main. Lower level has 3 bedrooms and media rm with a 60" TV/surround sound. New furnace/water heaters in '16. Amazing 2 story shop plus RV pkg. Able to park 7 cars. (garage & shop).

Last Agent to Sell the Property

LINDA TIPTON

Berkshire Hathaway HomeServices Real Estate Professionals License #911000064 Listed on: 08/03/2017

Berkshire Hathaway HomeServices Real Estate Professionals

Last Buyer's Agent

David Schacher

Windermere Willamette Valley License #200809144

Windermere Willamette Valley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,485

Year Built

  • Built in 1997

Lot Details

  • 1.64 Acre Lot
  • Landscaped with Trees
  • Property is zoned AR

Parking

  • 3 Car Attached Garage
  • Workshop in Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Mountain
  • Territorial

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 4,272 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement

Kitchen

  • Cooktop
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Accessible Home Design

  • Accessibility Features
  • Accessible Parking

Outdoor Features

  • Deck

Schools

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

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 546651

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,485

Year Built

Built in 1997

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 2
  • Year Built: 1997
  • Property Condition: Resale
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour

Interior Features

  • Accessibility Features: Parking
  • Total Bathrooms: 3.0
  • Interior Amenities: TileFloor, WalltoWallCarpet, WoodFloors
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Lower
  • Basement: Finished
  • Appliances: Cooktop, Dishwasher, Disposal, Island, Pantry, StainlessSteelAppliance
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 2
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 2.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: Acres1to3
  • Other Room10 Area: 169
  • Additional Room 10 Level: Main
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Fourth Bedroom Area: 240
  • Bedroom 7 Area: 182
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Lower
  • Other Room8 Area: 182
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Lower
  • Other Room9 Area: 238
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Stucco
  • Exterior Features: Deck, Workshop
  • Lot Size: 1 to 2.99 Acres
  • R V Description: RVParking
  • View: Yes
  • Lot Features: Trees
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Mountain,Territorial

Garage/Parking

  • Garage Type: Attached,Oversized
  • Parking Description: Driveway
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Total Parking Spaces: 3.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Farm: No
  • Zoning: AR
  • Lot Size Acres: 1.64
  • Lot Size Sq Ft: 71438.0
  • Parcel #: 546651

Green Features

  • Green Certification: No

Tax Info

  • Tax Annual Amount: 5484.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2017
Closed on
Oct 3, 2018
Sold by
Morrison Thomas L and Morrison Verna M
Bought by
Erb Michael C and Montgomery Erb Melinda M
Seller's Agent
LINDA TIPTON
Berkshire Hathaway HomeServices Real Estate Professionals
Buyer's Agent
David Schacher
Windermere Willamette Valley
List Price
$875,000
Sold Price
$775,000
Premium/Discount to List
-$100,000
-11.43%
Current Estimated Value
$1,272,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,128
Avg. Annual Appreciation
7.35%
Original Mortgage
$500,000
Outstanding Balance
$430,215
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$836,513

Purchase Details

Closed on
May 31, 2007
Sold by
Morrison Verna W
Bought by
Morrison Thomas L and Morrison Verna M
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
Erb Michael C $775,000 Fidelity National Title
Morrison Thomas L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erb Michael C $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2018 10/15/18 Sold $775,000 -11.4% $181 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
08/03/2017 08/03/17 For Sale $875,000 -- $205 / 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 $7,644 $602,280 -- --
2023 $7,460 $584,740 $0 $0
2022 $7,057 $567,710 $0 $0
2021 $6,874 $551,180 $0 $0
2020 $6,896 $535,130 $0 $0
2019 $6,445 $519,550 $0 $0
2018 $6,559 $0 $0 $0
2017 $5,747 $0 $0 $0
2016 $5,485 $0 $0 $0
2015 $5,637 $0 $0 $0
2014 $5,388 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • LINDA TIPTON

    Seller's Agent in 2018

    LINDA TIPTON

    BHHS Oregon- Professionals

    (503) 559-5167

    5 in this area

    144 Total Sales

    LINDA TIPTON
    Section Image

  • D

    Buyer's Agent in 2018

    David Schacher

    Windermere Willamette Valley

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 17350651

Regional Multiple Listing Service (RMLS)

APN: 546651

Oregon Marion County Salem 97302 Salem Hills

5222 Cobb Ln S, Salem, OR

This home is located at 5222 Cobb Ln S, Salem, OR 97302 since 03 August 2017 and is currently estimated at $1,272,128, approximately $297 per square foot. This property was built in 1997. 5222 Cobb Ln S is a home located in Marion County with nearby schools including Schirle Elementary School, Crossler Middle School, and Sprague High School.

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