NOT LISTED FOR SALE

5387 Reed Ln SE Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $610,000 - $664,000

1 Bed
3 Baths
2,806 Sq Ft
$229/Sq Ft Est. Value

About This Home

This home is located at 5387 Reed Ln SE, Salem, OR 97306 and is currently estimated at $642,885, approximately $229 per square foot. 5387 Reed Ln SE is a home located in Marion County with nearby schools including Pringle Elementary School, Judson Middle School, and South Salem High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2019
Sold by
Chao Felix W
Bought by
Chao Felix W and Chen Yuelan
Current Estimated Value
$642,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2012
Sold by
Chao Felix W
Bought by
Chao Felix W and Chao Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,763
Interest Rate
3.65%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 2003
Sold by
Chao Felix W and Chao Luz G
Bought by
Chao Felix W and Chao Family Trust
Source: Public Records

Range of Values:

Collateral Analytics

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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.

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First American

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Quantarium

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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
Chao Felix W -- Ticor Title Company Of Or
Chao Felix W -- Ticor Title
Chao Felix W -- Ticor Title
Chao Felix W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Chao Felix W $205,000
Closed Chao Felix W $185,763
Closed Chao Felix W $205,229
Closed Chao Felix W $49,500
Source: Public Records

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 $6,561 $334,140 -- --
2023 $6,367 $324,410 $0 $0
2022 $6,003 $314,970 $0 $0
2021 $5,832 $305,800 $0 $0
2020 $5,662 $296,900 $0 $0
2019 $5,632 $288,260 $0 $0
2018 $5,560 $0 $0 $0
2017 $4,476 $0 $0 $0
2016 $4,264 $0 $0 $0
2015 $4,296 $0 $0 $0
2014 $4,157 $0 $0 $0
Source: Public Records

Map

Oregon Marion County Salem 97306 South Gateway

5387 Reed Ln SE, Salem, OR

This home is located at 5387 Reed Ln SE, Salem, OR 97306 and is currently estimated at $642,885, approximately $229 per square foot. 5387 Reed Ln SE is a home located in Marion County with nearby schools including Pringle Elementary School, Judson Middle School, and South Salem High School.

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