NOT LISTED FOR SALE

5415 Reed Ln SE Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $659,000 - $799,000

4 Beds
3 Baths
3,005 Sq Ft
$237/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $624,000 $208 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,209/month

24 Days on Market

Highlights

  • RV Access or Parking
  • Family Room with Fireplace
  • Main Floor Primary Bedroom
  • Deck
  • Territorial View
  • 1-minute walk to Wes Bennett Park

About This Home

As of January 2022

Move-in ready in desirable area across from a park! Completely remodeled & expanded in 2003. Main floor includes large great room w/ vaulted ceilings & gas FP w/ french doors to expansive deck. Kitchen features Corian counters & SS appliances (frig new 2021). Primary suite w/vaulted ceilings, 2 walk-in closets & ensuite bathm. Large upstairs family room. Tons of storage & large unfinished basement. Detached shop (18x24 not included in house sf) easily converted back to a single car garage.

Last Agent to Sell the Property

Bridget Welborn

HOMESMART REALTY GROUP License #201207994 Listed on: 11/13/2021

HOMESMART REALTY GROUP

Last Buyer's Agent

Stacey McGhehey

COLDWELL BANKER PROFESSIONAL GROUP License #200602399

COLDWELL BANKER PROFESSIONAL GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,977

Year Built

  • Built in 1926

Lot Details

  • 0.25 Acre Lot
  • Landscaped
  • Sprinkler System
  • Property is zoned RA

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 3,005 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Den
  • First Floor Utility Room
  • Territorial Views
  • Unfinished Basement
  • Partial Basement

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • RV Access or Parking

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Tax Lot 49

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,977

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Range Facility: Gas, Microwave Included, Range Included
  • Syndicated Remarks: Move-in ready in desirable area across from a park! Completely remodeled & expanded in 2003. Main floor includes large great room w/ vaulted ceilings & gas FP w/ french doors to expansive deck. Kitchen features Corian counters & SS appliances (frig new 2021). Primary suite w/vaulted ceilings, 2 walk-in closets & ensuite bathm. Large upstairs family room. Tons of storage & large unfinished basement. Detached shop (18x24 not included in house sf) easily converted back to a single car garage.
  • Cross Street: Baxter Rd
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Family Room, Gas
  • Negotiable Inclusions: All kitchen appliances Include Micro, Fridge & W/D
  • Flooring: Carpet, Laminate, Tile
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: 1/Main
  • Bedroom 4: On Level: 2/Upper
  • Additional Room: On Level: 2/Upper
  • Basement: Partial, Unfinished
  • Dining Room: 1/Main, On Level: 1/Main
  • Family Room: On Level: 2/Upper
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Den
  • Source Of Sq Ft: Fee

Exterior Features

  • Patio: Deck
  • Exterior Color: Green
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

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

Lot Info

  • Acres: 0.25
  • Estimated Lot Sq Ft: 10890
  • Lot: 49
  • Rv Amenities: Area/Room For
  • Underground Sprinklers: Yes
  • Zoning: RA
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2020
  • Tax Amount: 4977

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2021
Closed on
Jan 5, 2022
Sold by
Thorne Valerie
Bought by
Ferrando Zachary and Ferrando Kaitlin
Seller's Agent
Bridget Welborn
HOMESMART REALTY GROUP
Buyer's Agent
Stacey McGhehey
COLDWELL BANKER PROFESSIONAL GROUP
List Price
$624,000
Sold Price
$624,000
Current Estimated Value
$711,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,494
Avg. Annual Appreciation
3.40%
Original Mortgage
$592,800
Outstanding Balance
$543,050
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$168,444

Purchase Details

Listed on
Nov 13, 2021
Closed on
Jan 3, 2022
Sold by
Thorne Valerie
Bought by
Ferrando Zachary and Ferrando Kaitlin
Seller's Agent
Bridget Welborn
HOMESMART REALTY GROUP
Buyer's Agent
Stacey McGhehey
COLDWELL BANKER PROFESSIONAL GROUP
List Price
$624,000
Sold Price
$624,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,800
Outstanding Balance
$543,050
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$168,444

Purchase Details

Closed on
Nov 9, 2005
Sold by
Mccall Randall and Lockwood Mccall Laura
Bought by
Thorne Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,800
Interest Rate
5.97%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 1, 2005
Sold by
Lewis Richard S and Lewis Tamara M
Bought by
Lockwood Mccall Laura and Mccall Randall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,600
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2003
Sold by
Lewis Richard Scott and Lewis Tamara M
Bought by
Lewis Richard S and Lewis Tamara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,300
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ferrando Zachary $624,000 Amerititle
Ferrando Zachary $624,000 Amerititle
Thorne Valerie $348,500 Fidelity Natl Title Co Of Or
Lockwood Mccall Laura $327,000 Amerititle
Lewis Richard S -- Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferrando Zachary $592,800
Closed Ferrando Zachary $592,800
Previous Owner Thorne Valerie $278,800
Previous Owner Lockwood Mccall Laura $261,600
Previous Owner Lewis Richard S $237,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2022 01/06/22 Sold $624,000 0.0% $208 / Sq Ft
11/13/2021 11/13/21 For Sale $624,000 -- $208 / 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 $5,594 $293,450 -- --
2024 $5,594 $284,910 -- --
2023 $5,429 $276,620 $0 $0
2022 $5,119 $268,570 $0 $0
2021 $4,973 $260,750 $0 $0
2020 $2,861 $253,160 $0 $0
2019 $2,751 $245,790 $0 $0
2018 $4,741 $0 $0 $0
2017 $4,279 $0 $0 $0
2016 $4,075 $0 $0 $0
2015 $4,106 $0 $0 $0
2014 $3,974 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bridget Welborn

    Seller's Agent in 2022

    Bridget Welborn

    HOMESMART REALTY GROUP

    (503) 510-6580

    27 in this area

    162 Total Sales

    Bridget Welborn
    Section Image
  • Stacey McGhehey

    Buyer's Agent in 2022

    Stacey McGhehey

    COLDWELL BANKER PROFESSIONAL GROUP

    (971) 237-9306

    2 in this area

    68 Total Sales

    Stacey McGhehey
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 785660

Willamette Valley MLS

APN: 575417

Oregon Marion County Salem 97306 South Gateway

5415 Reed Ln 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

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