NOT LISTED FOR SALE

5514 Springwood Ave SE Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $525,000 - $535,000

3 Beds
2 Baths
1,725 Sq Ft
$307/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $475,900 $276 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,287/month

18 Days on Market

About This Home

As of July 2021

Highly desirable South Salem Ironwood Estates! Turn key READY for new owners.Nice and open, with vaulted ceilings, yet warm and cozy. Some updates throughout, just to name a few: New fresh carpet, newer LVP flooring. Make this single level on a larger lot your next HOME! Location Location Location! Close to schools and parks! Hurry to see! Will not last long.

Last Agent to Sell the Property

SEAN DUGGER

HOME READY REALTY LLC License #201231483 Listed on: 04/30/2021

Last Buyer's Agent

Antonio Trejo

TU CASA CORPORATION License #200002042

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,935

Year Built

  • Built in 1988

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,725 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Tax Lot 12

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,935

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Syndicated Remarks: Highly desirable South Salem Ironwood Estates! Turn key READY for new owners. Nice and open, with vaulted ceilings, yet warm and cozy. Some updates throughout, just to name a few: New fresh carpet, newer LVP flooring. Make this single level on a larger lot your next HOME! Location Location Location! Close to schools and parks! Hurry to see! Will not last long.
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Source Of Sq Ft: County

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Lot Info

  • Acres: 0.21
  • Estimated Lot Sq Ft: 9148
  • Lot: 12
  • Geo Subdivision: OR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jun 29, 2021
Sold by
Wulf John P and Wulf Rebecca E
Bought by
Alvarez Jose Arnoldo Lopez
Seller's Agent
SEAN DUGGER
HOME READY REALTY LLC
Buyer's Agent
Antonio Trejo
TU CASA CORPORATION
List Price
$469,900
Sold Price
$475,900
Premium/Discount to List
$6,000
1.28%
Current Estimated Value
$530,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,371
Avg. Annual Appreciation
2.50%
Original Mortgage
$275,000
Outstanding Balance
$248,435
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$281,836

Purchase Details

Closed on
Dec 16, 2020
Sold by
Jpre Llc
Bought by
Wulf John P and Wulf Rebecca E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 2020
Sold by
Horn Craig W
Bought by
Jpre Llc

Purchase Details

Listed on
Aug 12, 2015
Closed on
Sep 9, 2015
Sold by
Cross James L and Cross Virginia A
Bought by
Horn Craig W
Seller's Agent
Jeri Scott
COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
List Price
$214,000
Sold Price
$220,000
Premium/Discount to List
$6,000
2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.00%
Original Mortgage
$175,000
Interest Rate
3.91%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alvarez Jose Arnoldo Lopez $475,000 Ticor Title Company Of Or
Alvarez Jose Arnoldo Lope $475,000 Ticor Title
Wulf John P -- Fidelity National Title
Jpre Llc -- Fidelity Natl Ttl Co Of Or
Horn Craig W $220,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Jose Arnoldo Lope $275,000
Closed Alvarez Jose Arnoldo Lopez $275,000
Previous Owner Wulf John P $250,000
Previous Owner Horn Craig W $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2021 07/09/21 Sold $475,900 +1.3% $276 / Sq Ft
04/30/2021 04/30/21 For Sale $469,900 +113.6% $272 / Sq Ft
09/11/2015 09/11/15 Sold $220,000 +2.8% $128 / Sq Ft View Prior Sale
08/17/2015 08/17/15 Pending -- -- --
08/12/2015 08/12/15 For Sale $214,000 -- $124 / 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 $5,935 $311,350 -- --
2024 $5,935 $302,290 -- --
2023 $5,760 $293,490 $0 $0
2022 $5,431 $284,950 $0 $0
2021 $5,276 $276,660 $0 $0
2020 $5,281 $268,610 $0 $0
2019 $4,942 $260,790 $0 $0
2018 $5,030 $0 $0 $0
2017 $4,540 $0 $0 $0
2016 $4,324 $0 $0 $0
2015 $4,357 $0 $0 $0
2014 $4,216 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    SEAN DUGGER

    HOME READY REALTY LLC

    (503) 851-3663

    2 in this area

    19 Total Sales

    SEAN DUGGER
    Section Image
  • Antonio Trejo

    Buyer's Agent in 2021

    Antonio Trejo

    TU CASA CORPORATION

    (503) 580-1745

    2 in this area

    141 Total Sales

    Antonio Trejo
    Section Image

  • J

    Seller's Agent in 2015

    Jeri Scott

    COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.

See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 776841

Willamette Valley MLS

APN: 578554

Oregon Marion County Salem 97306 South Gateway

5514 Springwood Ave SE, Salem, OR

Not Listed for Sale

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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