$260,000
SOLD AUG 14, 2013

5551 Springwood Ave SE Salem, OR 97306

South Gateway Neighborhood
4 Beds
2.5 Baths
2,398 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$108 Per Sq Ft

2% Below List Price

61 Days on Market

Highlights

  • Family Room with Fireplace
  • Covered Patio or Porch
  • First Floor Utility Room
  • Territorial View
  • Breakfast Area or Nook
  • 2 Car Attached Garage

About This Home

As of March 2016

This home is located at 5551 Springwood Ave SE, Salem, OR 97306 and is currently priced at $260,000, approximately $108 per square foot. This property was built in 1988. 5551 Springwood Ave SE is a home located in Marion County with nearby schools including Sumpter Elementary School, Crossler Middle School, and Sprague High School.

Last Agent to Sell the Property

Gladys Blum

BLUM REAL ESTATE License #781200091 Listed on: 05/02/2013

Last Buyer's Agent

Tom Brown

BERKSHIRE HATHAWAY HOMESERVICES R E PROF License #200404366

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,995

Year Built

  • Built in 1988

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 85 x 95
  • Partially Fenced Property
  • Landscaped
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,398 Sq Ft Home
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • First Floor Utility Room
  • Territorial Views
  • Security System Owned

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Stove
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Sumpter Elementary School
  • Judson Middle School
  • Sprague High School

Utilities

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

Community Details

  • Ironwood Estates #7 Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 28

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,995

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Warranty: Negotiable
  • Range Facility: Electric, Microwave Included, Range Included
  • Cross Street: La Cresta
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Disposal: Yes
  • Fireplace: Family Room, Stove, Wood
  • Negotiable Inclusions: Range, Window Treatments
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Main Level Bathrooms: .5
  • Bedrooms: 4
  • Master Bedroom: Dimensions: 17 x 13, On Level: 2/Upper
  • Bedroom 2: Dimensions: 11 x 10, On Level: 2/Upper
  • Bedroom 3: Dimensions: 11 x 10, On Level: 2/Upper
  • Bedroom 4: Dimensions: 11.6 x 10, On Level: 2/Upper
  • Dining Room: 1/Main, Dimensions: 13.9 x 11, On Level: 1/Main
  • Family Room: Dimensions: 17.6 x 15, On Level: 1/Main
  • Living Room: Dimensions: 17 x 16, On Level: 1/Main
  • Kitchen: Dimensions: 22.6 x 12, On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Breakfast Room/Nook
  • Price Per Sq Ft: 108.42
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 110.51

Exterior Features

  • Patio: Covered Patio
  • Exterior Color: Grey
  • Fenced Yard: Partial
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Forced Air, Gas
  • High Speed Comm Access: Present
  • Security System: Owned
  • Water: City
  • Water Heater: Gas

Schools

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

Lot Info

  • Acres: 0.17
  • Estimated Lot Dimensions: 85 x 95
  • Estimated Lot Sq Ft: 7405
  • Lot: 1
  • Lot Type: Dimension Above
  • Price Per Acre: 1558823.53
  • Underground Sprinklers: Yes
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 12 - 13
  • Tax Account Number: R78584
  • Tax Amount: 3995

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2015
Closed on
Mar 10, 2016
Sold by
Kale Timothy W and Ochoa Blanca A
Bought by
King Heath L and King Ellen Ann
Seller's Agent
BRENDA CLIFFORD
HOMESMART REALTY GROUP
Buyer's Agent
JUDY CLARK
KELLER WILLIAMS REALTY -ALBANY
List Price
$330,000
Sold Price
$315,000
Premium/Discount to List
-$15,000
-4.55%
Current Estimated Value
$583,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,010
Avg. Annual Appreciation
6.56%
Original Mortgage
$325,395
Outstanding Balance
$262,194
Interest Rate
3.79%
Mortgage Type
VA
Estimated Equity
$313,757

Purchase Details

Listed on
May 2, 2013
Closed on
Aug 2, 2013
Sold by
Chase Wesley H and Chase Linda A
Bought by
Kale Timothy W and Kale Blanca A
Seller's Agent
Gladys Blum
BLUM REAL ESTATE
Buyer's Agent
Tom Brown
BERKSHIRE HATHAWAY HOMESERVICES R E PROF
List Price
$265,000
Sold Price
$260,000
Premium/Discount to List
-$5,000
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$268,580
Interest Rate
4.28%
Mortgage Type
VA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $315,000 Fidelity Natl Title Co Of Or
Warranty Deed $260,000 Amerititle
Warranty Deed $260,000 Amerititle
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $129,750 New Conventional
Open $325,395 VA
Previous Owner $268,580 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2016 03/10/16 Sold $315,000 -4.5% $131 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
12/04/2015 12/04/15 For Sale $330,000 +26.9% $138 / Sq Ft
08/14/2013 08/14/13 Sold $260,000 -1.9% $108 / Sq Ft
07/02/2013 07/02/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $265,000 -- $111 / 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 $6,262 $318,940 -- --
2023 $6,078 $309,660 $0 $0
2022 $5,731 $300,650 $0 $0
2021 $5,567 $291,900 $0 $0
2020 $5,405 $283,400 $0 $0
2019 $5,215 $275,150 $0 $0
2018 $5,307 $0 $0 $0
2017 $4,790 $0 $0 $0
2016 $4,562 $0 $0 $0
2015 $4,596 $0 $0 $0
2014 $4,448 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 663724

Willamette Valley MLS

APN: 578584