NOT LISTED FOR SALE

545 Electric Ave SE Salem, OR 97302

South Central Neighborhood

Estimated Value: $409,000 - $430,000

2 Beds
2 Baths
1,426 Sq Ft
$296/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $410,000 $288 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,591/month

19 Days on Market

Highlights

  • Deck
  • Territorial View
  • Main Floor Bedroom
  • Living Room with Fireplace
  • Wood Flooring
  • Walk-In Pantry

About This Home

As of April 2024

Nob Hill beauty nicely updated with chefs kitchen! Built in hutch, walk in pantry & additional closet provide plenty of storage. Recent remodel includes upstairs primary bedroom w/abundant windows, mini split for heating & cooling. New gas fireplace & surround is well appointed in LR. Main level bedroom w/access to private deck, think morning coffee or entertaining. Wood flooring and staircase accentuate the charm of the era. Oversized detached garage, drip irrigation for well designed yard & fountain.

Last Agent to Sell the Property

Kelly Martin

REALTY ONE GROUP WILLAMETTE VALLEY License #200603182 Listed on: 10/09/2023

REALTY ONE GROUP WILLAMETTE VALLEY

Last Buyer's Agent

Alex McCarthy

JOHN L. SCOTT-SALEM License #201245596

JOHN L. SCOTT-SALEM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,064

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot
  • Partially Fenced Property
  • Landscaped

Parking

  • 1 Car Detached Garage

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,426 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Second Floor Utility Room
  • Territorial Views

Kitchen

  • Walk-In Pantry
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Schools

  • Mckinley Elementary School
  • Leslie Middle School
  • South Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Nob Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,064

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Home Warranty: Negotiable
  • Range Facility: Gas, Microwave Included, Range Included
  • Syndicated Remarks: Nob Hill beauty nicely updated with chefs kitchen! Built in hutch, walk in pantry & additional closet provide plenty of storage. Recent remodel includes upstairs primary bedroom w/abundant windows, mini split for heating & cooling. New gas fireplace & surround is well appointed in LR. Main level bedroom w/access to private deck, think morning coffee or entertaining. Wood flooring and staircase accentuate the charm of the era. Oversized detached garage, drip irrigation for well designed yard & fountain.
  • Cross Street: High
  • Year Built: 1920
  • Home Style2: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Fireplace: Gas, Living Room
  • Flooring: Wood, Laminate, Tile
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Master Bedroom: On Level: 2/Upper
  • Bedroom 2: Dimensions: 10.6 X 11.4, On Level: 1/Main
  • Dining Room: 1/Main, Dimensions: 10.6 X 11.4, On Level: 1/Main
  • Living Room: Dimensions: 12.6 X 16.6, On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 2/Upper
  • Bonus Rooms: Walk-In Pantry
  • Price Per Sq Ft: 287.52
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 298.04

Exterior Features

  • Patio: Deck
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Heating/Cooling: Gas, Central Ac, Heat Pump, Forced Air, Ductless/Mini-Split
  • High Speed Comm Access: Unknown
  • Sewer City: Yes
  • Water: City
  • Water Heater: Gas

Schools

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

Lot Info

  • Acres: 0.08
  • Estimated Lot Sq Ft: 3485
  • Flood Plain: Unknown
  • Lot: 7
  • Lot Type: Common Area
  • Price Per Acre: 5312500
  • Underground Sprinklers: Refer To Remarks
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2022
  • Tax Account Number: 587225
  • Tax Amount: 4064

MLS Schools

  • HighSchool: South Salem
  • Middle School: Leslie
  • Elementary School: McKinley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Mar 29, 2024
Sold by
Berry Revocable Living Trust and Berry Helen
Bought by
Mccarthy Alex
Seller's Agent
Kelly Martin
REALTY ONE GROUP WILLAMETTE VALLEY
Buyer's Agent
Alex McCarthy
JOHN L. SCOTT-SALEM
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%
Views
442
Current Estimated Value
$422,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,585
Avg. Annual Appreciation
2.10%
Original Mortgage
$389,500
Outstanding Balance
$383,923
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$38,800

Purchase Details

Closed on
Jan 15, 2019
Sold by
Berry Helen
Bought by
Berry Helen and The Berry Revocable Living Trust

Purchase Details

Closed on
Jan 9, 2002
Sold by
Evans Michael J and Evans Michele Beal
Bought by
Jones Jeanette
Source: Public Records

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
Mccarthy Alex $410,000 Fidelity National Title
Berry Helen -- None Available
Jones Jeanette $70,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarthy Alex $389,500
Previous Owner Berry Helen $129,500
Previous Owner Berry Helen $148,000
Previous Owner Berry Helen $130,335
Previous Owner Berry Helen $24,000
Previous Owner Berry Helen $136,500
Previous Owner Berry Helen $41,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $410,000 -3.5% $288 / Sq Ft
10/09/2023 10/09/23 For Sale $425,000 -- $298 / 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
2024 $4,308 $219,420 -- --
2023 $4,181 $213,030 $0 $0
2022 $3,942 $206,830 $0 $0
2021 $3,830 $200,810 $0 $0
2020 $3,718 $194,970 $0 $0
2019 $3,588 $189,300 $0 $0
2018 $3,651 $0 $0 $0
2017 $3,295 $0 $0 $0
2016 $3,139 $0 $0 $0
2015 $3,163 $0 $0 $0
2014 $3,061 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelly Martin

    Seller's Agent in 2024

    Kelly Martin

    REALTY ONE GROUP WILLAMETTE VALLEY

    (503) 551-5788

    2 in this area

    62 Total Sales

    Kelly Martin
    Section Image
  • Alex McCarthy

    Buyer's Agent in 2024

    Alex McCarthy

    JOHN L. SCOTT-SALEM

    (541) 514-1779

    4 in this area

    86 Total Sales

    Alex McCarthy
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 810302

Willamette Valley MLS

APN: 587225

Oregon Marion County Salem 97302 South Central

545 Electric Ave SE, Salem, OR

This home is located at 545 Electric Ave SE, Salem, OR 97302 since 09 October 2023 and is currently estimated at $422,585, approximately $296 per square foot. This property was built in 1920. 545 Electric Ave SE is a home located in Marion County with nearby schools including McKinley 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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