NOT LISTED FOR SALE

5774 Springwood Ave SE Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $477,000 - $518,000

3 Beds
2 Baths
1,542 Sq Ft
$321/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $465,395 $302 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,005/month

Highlights

  • New Construction
  • Territorial View
  • Covered Patio or Porch
  • Family Room with Fireplace
  • Home Office
  • First Floor Utility Room

About This Home

As of September 2022

Introducing Springwood Estates! This 48 lot subdivision has a variety of floor plans ranging from 1519 sqft to 2597 sqft. Featuring open floorplans, semi-custom designs, craftman style homes, standard SS appliances, fully fenced yards, underground sprinklers and more.

Last Agent to Sell the Property

Erika Templeton

SMI REAL ESTATE License #201212146 Listed on: 09/28/2021

SMI REAL ESTATE

Last Buyer's Agent

Erika Templeton

SMI REAL ESTATE License #201212146 Listed on: 09/28/2021

SMI REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,632

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 6,640 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Sprinkler System
  • Property is zoned RS

Parking

  • 3 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,542 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Family Room with Fireplace
  • Home Office
  • First Floor Utility Room
  • Territorial Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 27

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,632

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Dual Living: Possible
  • Home Warranty: Yes
  • New Construction: Yes
  • Range Facility: Gas, Microwave Included, Range Included
  • Syndicated Remarks: Introducing Springwood Estates! This 48 lot subdivision has a variety of floor plans ranging from 1519 sqft to 2597 sqft. Featuring open floorplans, semi-custom designs, craftman style homes, standard SS appliances, fully fenced yards, underground sprinklers and more.
  • Cross Street: Mildred Lane
  • Year Built: 2021
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Family Room, Gas
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 13.3x13.4, On Level: 1/Main
  • Bedroom 2: Dimensions: 10.2x11.6, On Level: 1/Main
  • Bedroom 3: Dimensions: 10.2x10, On Level: 1/Main
  • Dining Room: 1/Main, Dimensions: 11x10.8, On Level: 1/Main
  • Living Room: Dimensions: 14.2x17.8, On Level: 1/Main
  • Kitchen: Dimensions: 11x11, On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Office
  • Price Per Sq Ft: 301.81
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 301.81

Exterior Features

  • Patio: Covered Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Composite
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

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

Schools

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

Lot Info

  • Acres: 0.15
  • Estimated Lot Sq Ft: 6640
  • Lot: 27
  • Lot Type: Dimension Above
  • Price Per Acre: 3102633.33
  • Underground Sprinklers: Yes
  • Zoning: RS
  • Geo Subdivision: OR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2021
Closed on
Sep 15, 2022
Sold by
Don Lulay Homes Inc
Bought by
Minch Matthew George
Seller's Agent
Erika Templeton
SMI REAL ESTATE
Buyer's Agent
Erika Templeton
SMI REAL ESTATE
List Price
$445,395
Sold Price
$465,395
Premium/Discount to List
$20,000
4.49%
Current Estimated Value
$495,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,059
Avg. Annual Appreciation
2.05%
Original Mortgage
$372,316
Outstanding Balance
$354,950
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$140,504
Source: Public Records

Range of Values:

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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
Minch Matthew George $465,395 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minch Matthew George $372,316
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2022 09/16/22 Sold $465,395 0.0% $302 / Sq Ft
04/26/2022 04/26/22 Price Changed $465,395 +4.5% $302 / Sq Ft
09/28/2021 09/28/21 For Sale $445,395 -- $289 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
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 $4,632 $235,910 -- --
2023 $4,495 $229,040 $0 $0
2022 $1,169 $61,310 $0 $0
2021 $1,135 $59,530 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Erika Templeton

    Seller's Agent in 2022

    Erika Templeton

    SMI REAL ESTATE

    (503) 428-6992

    66 in this area

    91 Total Sales

    Erika Templeton
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Map

Source: Willamette Valley MLS

MLS Number: 784241

Willamette Valley MLS

APN: 600605

Oregon Marion County Salem 97306 South Gateway

5774 Springwood Ave SE, Salem, OR

This home is located at 5774 Springwood Ave SE, Salem, OR 97306 since 28 September 2021 and is currently estimated at $495,454, approximately $321 per square foot. This property was built in 2021. 5774 Springwood Ave SE is a home located in Marion County with nearby schools including Sumpter Elementary School, Crossler Middle School, and Sprague 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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