NOT LISTED FOR SALE

525 Welcome Way SE Salem, OR 97302

Faye Wright Neighborhood

Estimated Value: $542,000 - $614,000

3 Beds
1.5 Baths
2,216 Sq Ft
$262/Sq Ft Est. Value

Last Sold October 07, 2021

Last sale price $530,000 $239 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,593/month

4 Days on Market

Highlights

  • Family Room with Fireplace
  • Wood Flooring
  • First Floor Utility Room
  • Territorial View
  • Home Office
  • Fenced Yard

About This Home

As of October 2021

Beautiful Single-Story home in AlderBrook Manor! Highly sought-after neighborhood with old world charm, wide streets, close to amenities and restaurants, highly rated schools as well! This home has a Brand New Roof, Refinished Original Hardwood Floors, Updated Appliances, Beautiful Built-Ins and more! Home also boasts a Built-In Wine room in garage which is temperature controlled, Office off the Laundry Room and MORE!

Last Agent to Sell the Property

Ryan Fordham

WINDERMERE HERITAGE License #201211503 Listed on: 09/03/2021

WINDERMERE HERITAGE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,216

Year Built

  • Built in 1959

Lot Details

  • 0.25 Acre Lot
  • Fenced Yard
  • Landscaped
  • Property is zoned RS

Parking

  • 2 Car Attached Garage

Home Design

  • Shake Roof
  • Composition Roof
  • Lap Siding
  • Cedar Siding

Interior Spaces

  • 2,216 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Home Office
  • First Floor Utility Room
  • Territorial Views

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Exclusions: Chandelier in Dining Room, Washer/Dryer
  • Legal Lot and Block 3 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,216

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Home Warranty: Negotiable
  • Range Facility: Gas
  • Syndicated Remarks: Beautiful Single-Story home in AlderBrook Manor! Highly sought-after neighborhood with old world charm, wide streets, close to amenities and restaurants, highly rated schools as well! This home has a Brand New Roof, Refinished Original Hardwood Floors, Updated Appliances, Beautiful Built-Ins and more! Home also boasts a Built-In Wine room in garage which is temperature controlled, Office off the Laundry Room and MORE!
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Exclusions: Chandelier in Dining Room, Washer/Dryer
  • Fireplace: Family Room
  • Negotiable Inclusions: Microwave, Stove, Fridge, Dishwasher
  • Flooring: Carpet, Wood
  • 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
  • Additional Room: On Level: 1/Main
  • Dining Room: 1/Main, 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
  • Bonus Rooms: Office
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Patio
  • Exterior Color: Tan
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition, Shake
  • Siding: Cedar
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Central Ac, Forced Air, Gas
  • High Speed Comm Access: Available
  • Sewer City: Yes
  • Water: Connected, City
  • Water Heater: Gas

Lot Info

  • Acres: 0.25
  • Estimated Lot Sq Ft: 10890
  • Lot: 3
  • Lot Type: Dimension Above
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2020
  • Tax Amount: 5216

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2021
Closed on
Sep 28, 2021
Sold by
Sloan Robert L and Sloan Jeanne M
Bought by
Parks William G and Parks Susan Bennett
Seller's Agent
Ryan Fordham
WINDERMERE HERITAGE
List Price
$449,900
Sold Price
$530,000
Premium/Discount to List
$80,100
17.8%
Current Estimated Value
$591,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,869
Avg. Annual Appreciation
2.24%

Purchase Details

Closed on
Mar 15, 2010
Sold by
Sloan Robert L and Sloan Jeanne M
Bought by
Sloan Robert L and Sloan Jeanne M

Purchase Details

Closed on
Dec 1, 2008
Sold by
Long Garnet
Bought by
Sloan Robert L and Sloan Jeanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Parks William G $530,000 Amerititle
Sloan Robert L -- None Available
Sloan Robert L $265,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sloan Robert L $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold $530,000 +17.8% $239 / Sq Ft
09/03/2021 09/03/21 For Sale $449,900 -- $203 / 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
2025 $5,863 $307,580 -- --
2024 $5,863 $298,630 -- --
2023 $5,691 $289,940 $0 $0
2022 $5,366 $281,500 $0 $0
2021 $5,212 $273,310 $0 $0
2020 $5,217 $265,350 $0 $0
2019 $4,882 $257,630 $0 $0
2018 $4,969 $0 $0 $0
2017 $4,485 $0 $0 $0
2016 $4,272 $0 $0 $0
2015 $4,304 $0 $0 $0
2014 $4,082 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Fordham

    Seller's Agent in 2021

    Ryan Fordham

    WINDERMERE HERITAGE

    (503) 569-1725

    4 in this area

    52 Total Sales

    Ryan Fordham
    Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 782652

Willamette Valley MLS

APN: 565205

Oregon Marion County Salem 97302 Faye Wright

525 Welcome Way SE, Salem, OR

Not Listed for Sale

Detached

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

Nearby Homes