NOT LISTED FOR SALE

5550 Witzel Rd SE Salem, OR 97317

Estimated Value: $671,000 - $844,759

1.6 Acres
$473,675 Price per Acre
69,696 Sq Ft Lot

Last Sold March 05, 2018

Last sale price $150,000

Est. 405% increase in value since last sale

Current estimated payment $4,329/month

About This Lot

As of March 2018

Tranquil, park-like setting with trees for lots of shade! Comfortable country feel but very convenient location with easy access to city amenities. This gently sloping land with a seasonal creek would be great building site for your new home. Well and septic tank in place. The dated manufactured home currently on the property is not financeable and is in disrepair but livable. Property needs new drainfield. Do not disturb tenants living in home.

Last Agent to Sell the Property

Ray Beaty

PARAMOUNT REAL ESTATE SERVICES License #970500048 Listed on: 08/10/2017

Last Buyer's Agent

Ray Beaty

PARAMOUNT REAL ESTATE SERVICES License #970500048 Listed on: 08/10/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $873

Lot Details

  • 1.6 Acre Lot
  • Lot Dimensions are 460 x150
  • Property is zoned AR

Utilities

  • Well
  • Phone Available

Listing and Financial Details

  • Legal Lot and Block 10 / 1

Community Details

Overview

  • Radell Heights Subdivision

Recreation

  • Shed
  • Shop

Property Details

Property Type

Land

Est. Annual Taxes

$873

Lot Details

0

Listing Details

  • Class: Bare Land
  • Type: Land (1+ Acre)
  • Syndicated Remarks: Tranquil, park-like setting with trees for lots of shade! Comfortable country feel but very convenient location with easy access to city amenities. This gently sloping land with a seasonal creek would be great building site for your new home. Well and septic tank in place. The dated manufactured home currently on the property is not financeable and is in disrepair but livable. Property needs new drainfield. Do not disturb tenants living in home.
  • Cross Street: Aumsville Hwy
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Sq Ft: 93750
  • Price Per Sq Ft: 2.16

Exterior Features

  • Out Buildings: Shed, Separate Shop
  • Access: Unpaved
  • Fenced: Partial

Utilities

  • Water: Well
  • Electricity: Yes
  • Telephone: Available

Schools

  • Elementary School: Aumsville
  • Middle School: Cascade
  • High School: Cascade

Lot Info

  • Acres: 1.6
  • Estimated Lot Dimensions: 460 x150
  • Estimated Lot Sq Ft: 69600
  • Lot: 10
  • Lot Type: Dimension Above
  • Price Per Acre: 93750
  • Zoning: AR
  • Approved for Manufactured Home: Yes
  • Corners: Flagged
  • Surveyed: Yes
  • Geo Subdivision: OR
  • Map Parcel Number: 082W16A 02200

Tax Info

  • Tax Account Number: R58496
  • Tax Amount: 873

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2019
Sold by
Youmans Tyler
Bought by
Youmans Tyler R and Youmans Tara C
Current Estimated Value
$757,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,500
Outstanding Balance
$270,674
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$487,206

Purchase Details

Closed on
Feb 8, 2019
Sold by
Youmans Thomas
Bought by
Youmans Tyler R and Youmans Tara C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,500
Outstanding Balance
$270,674
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$487,206

Purchase Details

Listed on
Aug 10, 2017
Closed on
Feb 1, 2018
Sold by
Youmans Thomas
Bought by
Youmans Taylor
Seller's Agent
Ray Beaty
PARAMOUNT REAL ESTATE SERVICES
Buyer's Agent
Ray Beaty
PARAMOUNT REAL ESTATE SERVICES
List Price
$250,000
Sold Price
$150,000
Premium/Discount to List
-$100,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.76%

Purchase Details

Listed on
Aug 10, 2017
Closed on
Jan 4, 2018
Sold by
Johnston Bradley C and Johnston Vicki L
Bought by
Youmans Thomas
Seller's Agent
Ray Beaty
PARAMOUNT REAL ESTATE SERVICES
Buyer's Agent
Ray Beaty
PARAMOUNT REAL ESTATE SERVICES
List Price
$250,000
Sold Price
$150,000
Premium/Discount to List
-$100,000
-40%
Source: Public Records

Range of Values:

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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
Youmans Tyler R -- Fidelity National Title
Youmans Tyler R -- Fidelity National Title
Youmans Taylor $150,000 None Available
Youmans Thomas $150,000 Amerititle
Younmas Thomas $150,000 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Youmans Tyler R $308,500
Closed Youmans Taylor $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2018 03/05/18 Sold $150,000 0.0% --
01/08/2018 01/08/18 Off Market $150,000 -- --
09/13/2017 09/13/17 Price Changed $150,000 -14.3% --
08/19/2017 08/19/17 Price Changed $175,000 -30.0% --
08/10/2017 08/10/17 For Sale $250,000 -- --
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 $3,876 $298,050 -- --
2023 $3,657 $289,370 $0 $0
2022 $3,458 $280,950 $0 $0
2021 $3,457 $272,770 $0 $0
2020 $3,198 $264,830 $0 $0
2019 $3,036 $236,630 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ray Beaty

    PARAMOUNT REAL ESTATE SERVICES

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Map

Source: Willamette Valley MLS

MLS Number: 722536

Willamette Valley MLS

APN: 558496

Oregon Marion County Salem 97317

5550 Witzel Rd SE, Salem, OR

This home is located at 5550 Witzel Rd SE, Salem, OR 97317 since 10 August 2017 and is currently estimated at $757,880. 5550 Witzel Rd SE is a home located in Marion County with nearby schools including Cascade Junior High School, Cascade Senior High School, and Williamette Valley Baptist 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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