NOT LISTED FOR SALE

525 Illinois Ave NE Salem, OR 97301

Northeast Salem Neighborhood

Estimated Value: $380,000 - $396,092

3 Beds
1.5 Baths
1,460 Sq Ft
$268/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $300,500 $206 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,370/month

6 Days on Market

Highlights

  • Living Room with Fireplace
  • Fenced Yard
  • Patio
  • First Floor Utility Room
  • 2 Car Attached Garage
  • Shed

About This Home

As of October 2020

Well maintained single level home in the heart of Salem. Upgraded appliances adorn newly floored kitchen overlooking spacious, fully fenced, back yard. Half-bath and utility room adjacent to kitchen. Custom built-ins surround open wood burning fireplace. Gas range, furnace and water heater. Proximity to park. Play structure and shed in back yard make this house into a home.

Last Agent to Sell the Property

SEAN ANDERSON

HOMESTAR BROKERS License #201212329 Listed on: 08/19/2020

Last Buyer's Agent

Nicole Lowry

CONSTANT COMMERCIAL REAL ESTATE INC License #na

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,110

Year Built

  • Built in 1967

Lot Details

  • 8,610 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Property is zoned RS

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Board and Batten Siding
  • Lap Siding

Interior Spaces

  • 1,460 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • First Floor Utility Room

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Patio
  • Shed

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 16 / 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,110

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Range Facility: Gas
  • Syndicated Remarks: Well maintained single level home in the heart of Salem. Upgraded appliances adorn newly floored kitchen overlooking spacious, fully fenced, back yard. Half-bath and utility room adjacent to kitchen. Custom built-ins surround open wood burning fireplace. Gas range, furnace and water heater. Proximity to park. Play structure and shed in back yard make this house into a home.
  • Cross Street: Center
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Fireplace: Living Room
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 1.5
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: 1/Main
  • Dining Room: 1/Main, On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Price Per Sq Ft: 205.82
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 198.63

Exterior Features

  • Patio: Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition
  • Siding: Composite
  • Siding Style: Board & Batt, Lap

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Central Ac, Forced Air, Gas
  • Sewer City: Yes
  • Water: City
  • Water Heater: Gas

Schools

  • Elementary School: Richmond
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Acres: 0.2
  • Estimated Lot Sq Ft: 8610
  • Flood Plain: Unknown
  • Lot: 16
  • Price Per Acre: 1450000
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: R97087
  • Tax Years: 2019
  • Tax Account Number: R97087
  • Tax Amount: 3110

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Oct 6, 2020
Sold by
Beck Mitchell L
Bought by
Eichelberger Megan E
Seller's Agent
SEAN ANDERSON
HOMESTAR BROKERS
Buyer's Agent
Nicole Lowry
CONSTANT COMMERCIAL REAL ESTATE INC
List Price
$290,000
Sold Price
$300,500
Premium/Discount to List
$10,500
3.62%
Current Estimated Value
$391,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,773
Avg. Annual Appreciation
5.42%
Original Mortgage
$22,000
Outstanding Balance
$19,568
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$371,705

Purchase Details

Listed on
Apr 7, 2017
Closed on
Jun 20, 2017
Sold by
Sumpter Scott M and Sumpter Laura E
Bought by
Beck Mitchell L
Seller's Agent
Brian White
PARAMOUNT REAL ESTATE SERVICES
Buyer's Agent
SEAN ANDERSON
HOMESTAR BROKERS
List Price
$219,900
Sold Price
$227,500
Premium/Discount to List
$7,600
3.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.86%
Original Mortgage
$220,675
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2015
Sold by
Borland Rachael and Borland Andrew
Bought by
Ar Warrior Llc

Purchase Details

Closed on
Aug 15, 2006
Sold by
Sumpter Scott M
Bought by
Sumpter Laura E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.76%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 16, 2001
Sold by
Postovit Blanche Lorna and Byeman Pete
Bought by
Sumpter Scott M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage
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
Eichelberger Megan E $300,500 Fidelity National Title
Beck Mitchell L $227,500 Fidelity Natl Title Co Of Or
Ar Warrior Llc -- None Available
Sumpter Laura E -- First American
Sumpter Scott M $110,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eichelberger Megan E $22,000
Open Eichelberger Megan E $286,751
Previous Owner Beck Mitchell L $220,675
Previous Owner Sumpter Laura E $144,000
Previous Owner Sumpter Scott M $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2020 10/07/20 Sold $300,500 +3.6% $206 / Sq Ft
08/19/2020 08/19/20 For Sale $290,000 +27.5% $199 / Sq Ft
06/28/2017 06/28/17 Sold $227,500 +3.5% $156 / Sq Ft View Prior Sale
04/07/2017 04/07/17 For Sale $219,900 -- $151 / Sq Ft
03/31/2017 03/31/17 Pending -- -- --
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 $3,622 $184,490 -- --
2023 $3,516 $179,120 $0 $0
2022 $3,315 $173,910 $0 $0
2021 $3,220 $168,850 $0 $0
2020 $3,126 $163,940 $0 $0
2019 $3,110 $159,170 $0 $0
2018 $3,070 $0 $0 $0
2017 $2,771 $0 $0 $0
2016 $2,639 $0 $0 $0
2015 $2,659 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • SEAN ANDERSON

    Seller's Agent in 2020

    SEAN ANDERSON

    HOMESTAR BROKERS

    33 Total Sales

    SEAN ANDERSON
    Section Image

  • N

    Buyer's Agent in 2020

    Nicole Lowry

    CONSTANT COMMERCIAL REAL ESTATE INC

    (503) 686-1896

    61 Total Sales

    Nicole Lowry
    Section Image
  • Brian White

    Seller's Agent in 2017

    Brian White

    PARAMOUNT REAL ESTATE SERVICES

    (503) 851-1645

    3 in this area

    179 Total Sales

    Brian White
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 767802

Willamette Valley MLS

APN: 597087

Oregon Marion County Salem 97301 Northeast Salem

525 Illinois Ave NE, Salem, OR

This home is located at 525 Illinois Ave NE, Salem, OR 97301 since 19 August 2020 and is currently estimated at $391,273, approximately $267 per square foot. This property was built in 1967. 525 Illinois 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.

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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