NOT LISTED FOR SALE

5857 Cobalt Loop SE Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $521,000 - $578,000

4 Beds
2 Baths
2,269 Sq Ft
$240/Sq Ft Est. Value

Last Sold September 23, 2014

Last sale price $235,000 $104 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $3,339/month

94 Days on Market

Highlights

  • Wood Flooring
  • Loft
  • Cul-De-Sac
  • Main Floor Bedroom
  • Fenced Yard
  • 2 Car Attached Garage

About This Home

As of September 2014

This home is located at 5857 Cobalt Loop SE, Salem, OR 97306 since 21 May 2014 and is currently estimated at $543,845, approximately $239 per square foot. This property was built in 1994. 5857 Cobalt Loop SE is a home located in Marion County with nearby schools including Battle Creek Elementary School, Judson Middle School, and Sprague High School.

Last Agent to Sell the Property

Dewey Whitton

THE SALEM REAL ESTATE GROUP License #890200088 Listed on: 05/21/2014

Last Buyer's Agent

BROOKE ANDERSON

TOMSON BURNHAM, LLC License #201209224

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,676

Year Built

  • Built in 1994

Lot Details

  • 8,397 Sq Ft Lot
  • Lot Dimensions are 40x131x141x93
  • Cul-De-Sac
  • Fenced Yard
  • Landscaped
  • Property is zoned RS

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 2,269 Sq Ft Home
  • 2-Story Property
  • Loft

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 116 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,676

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Range Facility: Range Included
  • Syndicated Remarks: Located on a quiet loop in South Salem with a large fenced back yard!The open & spacious living areas feature beautiful Bella wood floors!Updated bathrooms with gorgeous modern finishes & fixtures.Two bedrooms on the main level and two on the second floor make this floor plan very flexible.The bedrooms are generous sizes- larger than similar homes!Second floor master also boasts an additional family room or bonus space for office or your imagination.There's parking for an RV/Boat and a 2 car garage too.
  • Cross Street: Mildred
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Negotiable Inclusions: Range
  • Flooring: Carpet, Wood
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Number of Main Level Bathrooms: 1
  • Bedrooms: 4
  • Master Bedroom: Dimensions: 14.6x12.6, On Level: 2/Upper
  • Bedroom 2: Dimensions: 12.6x12, On Level: 1/Main
  • Bedroom 3: Dimensions: 12.0x10.6, On Level: 1/Main
  • Bedroom 4: Dimensions: 13x12, On Level: 2/Upper
  • Additional Room: Dimensions: 12x10, On Level: 2/Upper
  • Dining Room: 1/Main, Dimensions: 17x9, On Level: 1/Main
  • Family Room: Dimensions: 18x10.6, On Level: 1/Main
  • Living Room: Dimensions: 17.6x11, On Level: 1/Main
  • Kitchen: Dimensions: 10.6x10.6, On Level: 1/Main
  • Bonus Rooms: Loft
  • Price Per Sq Ft: 103.57
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 105.77

Exterior Features

  • Patio: Patio
  • Exterior Color: Wood
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Gas, Forced Air
  • High Speed Comm Access: Available
  • Water: City
  • Water Heater: Gas

Schools

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

Lot Info

  • Acres: 0.19
  • Estimated Lot Dimensions: 40x131x141x93
  • Estimated Lot Sq Ft: 8397
  • Lot: 116
  • Lot Type: Cul-De-Sac
  • Price Per Acre: 1263157.89
  • Rv Amenities: Pad
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2013
  • Tax Account Number: R94365
  • Tax Amount: 3676

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2014
Closed on
Sep 22, 2014
Sold by
Olson Matthew and Olson Erin
Bought by
Kern James C and Kern Julia C
Seller's Agent
Dewey Whitton
THE SALEM REAL ESTATE GROUP
Buyer's Agent
BROOKE ANDERSON
TOMSON BURNHAM, LLC
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%
Current Estimated Value
$543,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,845
Avg. Annual Appreciation
7.88%
Original Mortgage
$155,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2007
Sold by
Mcrae Jay D and Mcrae Mary K
Bought by
Olson Matthew and Olson Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Kern James C $235,000 First American
Olson Matthew $261,000 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kern James C $155,000
Previous Owner Olson Matthew $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2014 09/23/14 Sold $235,000 -6.0% $104 / Sq Ft
08/23/2014 08/23/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $250,000 -- $110 / 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 $5,473 $278,760 -- --
2023 $5,312 $270,650 $0 $0
2022 $5,008 $262,770 $0 $0
2021 $4,865 $255,120 $0 $0
2020 $4,724 $247,690 $0 $0
2019 $4,557 $240,480 $0 $0
2018 $4,638 $0 $0 $0
2017 $4,186 $0 $0 $0
2016 $3,987 $0 $0 $0
2015 $4,017 $0 $0 $0
2014 $3,888 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dewey Whitton

    Seller's Agent in 2014

    Dewey Whitton

    THE SALEM REAL ESTATE GROUP

    (503) 949-3623

    42 in this area

    388 Total Sales

    Dewey Whitton
    Section Image

  • B

    Buyer's Agent in 2014

    BROOKE ANDERSON

    TOMSON BURNHAM, LLC

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 676981

Willamette Valley MLS

APN: 594365

Oregon Marion County Salem 97306 South Gateway

5857 Cobalt Loop SE, Salem, OR

This home is located at 5857 Cobalt Loop SE, Salem, OR 97306 since 21 May 2014 and is currently estimated at $543,845, approximately $239 per square foot. This property was built in 1994. 5857 Cobalt Loop SE is a home located in Marion County with nearby schools including Battle Creek Elementary School, Judson 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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