NOT LISTED FOR SALE

Estimated Value: $151,000 - $555,000

0.45 Acre
$666,667 Price per Acre
19,602 Sq Ft Lot

Last Sold October 27, 2023

Last sale price $180,000

Est. 67% increase in value since last sale

Current estimated payment $1,697/month

166 Days on Market

About This Lot

As of October 2023

TWO bare flag lot addresses in a fantastic residential location on a quiet street in South Salem! Build your home(s) here! Area feeds to highly desirable schools. Plat approval secured from City of Salem to partition land into a 0.18 acre and a 0.22 acre lot. The lots are well drained, gently sloping, and cleared. Buyer to stub in utilities to site. See attached conditions of approval. Limited representation.

Last Agent to Sell the Property

Brooklyn Morgan

MORE REALTY License #201243976 Listed on: 04/14/2023

MORE REALTY

Last Buyer's Agent

SHANNON SIMMONS

MORE REALTY License #201232190

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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $356

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 215 x 92

Schools

  • Wright Elementary School
  • Judson Middle School
  • Sprague High School

Community Details

  • Pp 2022 004 Lot 1 Subdivision

Listing and Financial Details

  • Legal Lot and Block FR 26 / 4012

Property Details

Property Type

Land

Est. Annual Taxes

$356

Lot Details

0

Listing Details

  • Class: Bare Land
  • Type: Lot (Under 1 Acre)
  • Syndicated Remarks: TWO bare flag lot addresses in a fantastic residential location on a quiet street in South Salem! Build your home(s) here! Area feeds to highly desirable schools. Plat approval secured from City of Salem to partition land into a 0.18 acre and a 0.22 acre lot. The lots are well drained, gently sloping, and cleared. Buyer to stub in utilities to site. See attached conditions of approval. Limited representation.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 400000
  • Price Per Sq Ft: 10.09

Exterior Features

  • Access: Easement, Unpaved
  • Fenced: Partial

Utilities

  • Water: City
  • High Speed Communications: Unknown

Schools

  • Elementary School: Wright
  • Middle School: Judson
  • High School: Sprague

Lot Info

  • Acres: 0.45
  • Estimated Lot Dimensions: 215 x 92
  • Estimated Lot Sq Ft: 19724
  • Lot: FR 26
  • Price Per Acre: 442222.22
  • Approved for Manufactured Home: Unknown
  • Corners: Flagged
  • Easement: access
  • Surveyed: Yes
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2022-2023
  • Tax Account Number: 593665
  • Tax Amount: 356

MLS Schools

  • HighSchool: Sprague
  • Middle School: Judson
  • Elementary School: Wright

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Sep 27, 2023
Sold by
Hsu Terrence Lee and Hsu Viktoria Regine
Bought by
Knapp Holdings Llc
Seller's Agent
Brooklyn Morgan
MORE REALTY
Buyer's Agent
SHANNON SIMMONS
MORE REALTY
List Price
$199,000
Sold Price
$180,000
Premium/Discount to List
-$19,000
-9.55%
Total Days on Market
166
Views
244
Current Estimated Value
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,000
Avg. Annual Appreciation
51.95%

Purchase Details

Closed on
Dec 30, 2019
Sold by
Olson David M and Olson Lynda D
Bought by
Hsu Terrence Lee and Hsu Viktoria Regine Tatjana
Source: Public Records

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Range of Values:

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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
Knapp Holdings Llc $180,000 First American Title
Hsu Terrence Lee $7,500 First American
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $180,000 -9.5% --
09/27/2023 09/27/23 Pending -- -- --
05/27/2023 05/27/23 For Sale $199,000 0.0% --
05/19/2023 05/19/23 Pending -- -- --
04/20/2023 04/20/23 Price Changed $199,000 -9.5% --
04/14/2023 04/14/23 For Sale $220,000 -- --
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 $378 $19,240 $19,240 --
2023 $367 $18,680 $18,680 $0
2022 $346 $18,140 $0 $0
2021 $336 $17,620 $0 $0
2020 $326 $17,110 $0 $0
2019 $325 $16,620 $0 $0
2018 $321 $0 $0 $0
2017 $289 $0 $0 $0
2016 $276 $0 $0 $0
2015 $278 $0 $0 $0
2014 $269 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 803824

Willamette Valley MLS

APN: 593665