NOT LISTED FOR SALE

5887 Cobalt Loop SE Salem, OR 97306

South Gateway Neighborhood

Estimated Value: $443,000 - $474,000

3 Beds
2 Baths
1,651 Sq Ft
$279/Sq Ft Est. Value

Sale Details

Date Sold: February 1, 2018

Last sale price $295,000 $179 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,870 / mo

3 Days on Market

Highlights

  • Deck
  • Territorial View
  • First Floor Utility Room
  • Living Room with Fireplace
  • Breakfast Area or Nook
  • Fenced Yard

About This Home

As of February 2018

You will love this inviting South Salem home! Many updates like granite in kitchen and baths, eat in kitchen bar, breakfast nook, pantry with barn door. Huge great room with vaulted ceiling, canned lights, and gas fireplace. Dining room opens to backyard with deck. Master bedroom has walk-in closet and wonderful master bath with dual sinks. Sprinkler system installed, new roof in 2013. This home has it all! So very well maintained.

Last Agent to Sell the Property

Rhonda Smith

WINDERMERE HERITAGE License #200602416 Listed on: 12/12/2017

WINDERMERE HERITAGE

Last Buyer's Agent

Aimee Farrell

HOMESTAR BROKERS License #201214332

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,633

Year Built

  • Built in 1993

Lot Details

  • 6,125 Sq Ft Lot
  • Lot Dimensions are 62.5x98
  • Fenced Yard
  • Landscaped
  • Irregular Lot
  • Sprinkler System
  • Property is zoned RS

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,651 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • First Floor Utility Room
  • Territorial Views

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 110 / 110

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,633

Year Built

Built in 1993

Lot Details

6,125 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Home Warranty: Negotiable
  • Range Facility: Gas, Microwave Included, Range Included
  • Syndicated Remarks: You will love this inviting South Salem home! Many updates like granite in kitchen and baths, eat in kitchen bar, breakfast nook, pantry with barn door. Huge great room with vaulted ceiling, canned lights, and gas fireplace. Dining room opens to backyard with deck. Master bedroom has walk-in closet and wonderful master bath with dual sinks. Sprinkler system installed, new roof in 2013. This home has it all! So very well maintained.
  • Year Built: 1993
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room
  • Negotiable Inclusions: Refrigerator
  • Flooring: Carpet, Laminate, Tile
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: Dimensions: 16.2x12, On Level: 1/Main
  • Bedroom 2: Dimensions: 10.6x10, On Level: 1/Main
  • Bedroom 3: Dimensions: 12.3x11, On Level: 1/Main
  • Dining Room: 1/Main, Dimensions: 11.9x11.2, On Level: 1/Main
  • Living Room: Dimensions: 17x15.6, On Level: 1/Main
  • Kitchen: Dimensions: 11.9x19, On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Breakfast Room/Nook
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Deck, Patio
  • Exterior Color: Cream
  • Fenced Yard: Yes
  • 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: Gas, Central Ac, Forced Air
  • High Speed Comm Access: Available
  • Sewer City: Yes
  • Water: Connected, City
  • Water Heater: Gas

Lot Info

  • Acres: 0.14
  • Estimated Lot Dimensions: 62.5x98
  • Estimated Lot Sq Ft: 6125
  • Lot: 110
  • Lot Type: Irregular
  • Underground Sprinklers: Yes
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2017
  • Tax Amount: 3633

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2017
Closed on
Jan 31, 2018
Sold by
Bought by
Seller's Agent
Rhonda Smith
WINDERMERE HERITAGE
Buyer's Agent
Aimee Farrell
HOMESTAR BROKERS
List Price
$295,000
Sold Price
$295,000
Current Estimated Value
$460,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,805
Avg. Annual Appreciation
5.43%
Original Mortgage
$286,150
Outstanding Balance
$237,494
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$223,311

Purchase Details

Listed on
Dec 12, 2017
Closed on
Jan 30, 2018
Sold by
Bought by
Seller's Agent
Rhonda Smith
WINDERMERE HERITAGE
Buyer's Agent
Aimee Farrell
HOMESTAR BROKERS
List Price
$295,000
Sold Price
$295,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,150
Outstanding Balance
$237,494
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$223,311

Purchase Details

Listed on
Nov 18, 2015
Closed on
Dec 30, 2015
Sold by
Bought by
Seller's Agent
Trevor Elliott
HOMESMART REALTY GROUP
Buyer's Agent
Rhonda Smith
WINDERMERE HERITAGE
List Price
$239,900
Sold Price
$244,900
Premium/Discount to List
$5,000
2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%
Original Mortgage
$250,165
Interest Rate
3.94%
Mortgage Type
VA

Purchase Details

Closed on
Dec 11, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,500
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$295,000 Ticor Title
$295,000 Ticor Title
$244,900 Amerititle
-- Amerititle
$230,000 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $286,150
Closed $286,150
Previous Owner $250,165
Previous Owner $215,500
Previous Owner $230,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2018 02/01/18 Sold $295,000 0.0% $179 / Sq Ft
12/15/2017 12/15/17 Pending -- -- --
12/12/2017 12/12/17 For Sale $295,000 +20.5% $179 / Sq Ft
12/30/2015 12/30/15 Sold $244,900 +2.1% $148 / Sq Ft View Prior Sale
11/21/2015 11/21/15 Pending -- -- --
11/18/2015 11/18/15 For Sale $239,900 -- $145 / Sq Ft
Source: Willamette Valley MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,750 $249,170 -- --
2024 $4,750 $241,920 -- --
2023 $4,610 $234,880 $0 $0
2022 $4,347 $228,040 $0 $0
2021 $4,222 $221,400 $0 $0
2020 $4,099 $214,960 $0 $0
2019 $3,955 $208,700 $0 $0
2018 $4,025 $0 $0 $0
2017 $3,633 $0 $0 $0
2016 $3,460 $0 $0 $0
2015 $3,486 $0 $0 $0
2014 $3,374 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rhonda Smith

    Seller's Agent in 2018

    Rhonda Smith

    WINDERMERE HERITAGE

    (503) 930-0652

    3 in this area

    101 Total Sales

    Rhonda Smith
    Section Image
  • Aimee Farrell

    Buyer's Agent in 2018

    Aimee Farrell

    HOMESTAR BROKERS

    (503) 510-0556

    1 in this area

    60 Total Sales

    Aimee Farrell
    Section Image
  • Trevor Elliott

    Seller's Agent in 2015

    Trevor Elliott

    HOMESMART REALTY GROUP

    (503) 602-1039

    15 in this area

    115 Total Sales

    Trevor Elliott
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 727425

Willamette Valley MLS

APN: 594359

Oregon Marion County Salem 97306 South Gateway

5887 Cobalt Loop SE, Salem, OR

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. Copyright 2026 Williamette Valley Multiple Listing Service.
WVMLS Member Broker: Arlene Richardson.

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