NOT LISTED FOR SALE

605 Welcome Way SE Salem, OR 97302

Faye Wright Neighborhood

Estimated Value: $660,043 - $724,000

4 Beds
3 Baths
2,823 Sq Ft
$246/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $469,900 $166 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,349/month

26 Days on Market

Highlights

  • Family Room with Fireplace
  • Den
  • 2 Car Attached Garage
  • Recreation Room
  • Fenced Yard
  • Covered Deck

About This Home

As of August 2018

Great home on 1/3 acre in excellent South Salem neighborhood! Well maintained and nicely updated. Convenient to schools, shopping, downtown & Salem Swim and Tennis. Master + 2 bedrooms on Main. 2nd Master in basement. Possible dual living. Beautifully landscaped. Fenced, private backyard with covered deck and patios for entertaining.

Last Agent to Sell the Property

Ian Meinert

HOMESTAR BROKERS License #200802110 Listed on: 06/27/2018

Last Buyer's Agent

SALLY HUGGINS

HOMESTAR BROKERS License #201209910

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,092

Year Built

  • Built in 1977

Lot Details

  • 0.32 Acre Lot
  • Fenced Yard
  • Landscaped
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof

Interior Spaces

  • 2,823 Sq Ft Home
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Den
  • Recreation Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Covered Deck
  • Shed

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 9

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,092

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Dual Living: Possible
  • Range Facility: Electric, Microwave Included, Range Included
  • Syndicated Remarks: Great home on 1/3 acre in excellent South Salem neighborhood! Well maintained and nicely updated. Convenient to schools, shopping, downtown & Salem Swim and Tennis. Master + 2 bedrooms on Main. 2nd Master in basement. Possible dual living. Beautifully landscaped. Fenced, private backyard with covered deck and patios for entertaining.
  • Cross Street: Commercial
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Family Room, Wood
  • Flooring: Carpet, Tile, Vinyl
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Number of Main Level Bathrooms: 2
  • Bedrooms: 4
  • Master Bedroom: Dimensions: 13.2x13.4
  • Bedroom 2: Dimensions: 12.9x9.5
  • Bedroom 3: Dimensions: 11x10
  • Bedroom 4: Dimensions: 13.8x13
  • Additional Room: Dimensions: 32x13.9
  • Basement: Daylight, Finished
  • Dining Room: 1/Main, Dimensions: 10x13.5, On Level: 1/Main
  • Family Room: Dimensions: 15x13.7
  • Living Room: Dimensions: 17x16, On Level: 1/Main
  • Kitchen: Dimensions: 13.7x6.6
  • Bonus Rooms: Den, Rec Room
  • Price Per Sq Ft: 166.45
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 166.45

Exterior Features

  • Patio: Covered Deck
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Electric, Central Ac, Heat Pump
  • Sewer City: Yes
  • Water: Connected, City
  • Water Heater: Electric

Schools

  • Elementary School: Faye Wright
  • Middle School: Judson
  • High School: Sprague

Lot Info

  • Acres: 0.32
  • Estimated Lot Sq Ft: 13939
  • Lot: 1
  • Price Per Acre: 1468437.5
  • Underground Sprinklers: Yes
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 17-18
  • Tax Account Number: R65212
  • Tax Amount: 6092

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2021
Sold by
Pickett Timothy Martin and Pickett Gail Marie
Bought by
Pickett Timothy M and Williams Gail M
Current Estimated Value
$695,011

Purchase Details

Listed on
Jun 27, 2018
Closed on
Aug 22, 2018
Sold by
Meinert Ian and Meinert Vicky R
Bought by
Martoin Pickett Timothy and Martoin Marie William
Seller's Agent
Ian Meinert
HOMESTAR BROKERS
Buyer's Agent
SALLY HUGGINS
HOMESTAR BROKERS
List Price
$469,900
Sold Price
$469,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$166,900
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2014
Closed on
May 2, 2014
Sold by
Wu Hekun A and Yun Elise H
Bought by
Meinert Ian and Meinert Vicky R
Seller's Agent
SHERRILL CONLEY
HOMESTAR BROKERS
List Price
$335,000
Sold Price
$328,000
Premium/Discount to List
-$7,000
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
Original Mortgage
$262,400
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2005
Sold by
Burnham Cheryl G and Burnham Mark J
Bought by
Wu Hekun A and Yun Elise H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 2, 2005
Sold by
Burnham Mark J and Burnham Cheryl G
Bought by
Burnham Cheryl G and Burnham Mark J
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
Pickett Timothy M -- None Available
Martoin Pickett Timothy $469,900 Amerititle
Meinert Ian $328,000 Amerititle
Wu Hekun A $335,000 Fidelity Natl Title Co Of Or
Burnham Cheryl G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martoin Pickett Timothy $166,900
Previous Owner Meinert Ian $262,400
Previous Owner Wu Hekun A $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2018 08/23/18 Sold $469,900 0.0% $166 / Sq Ft
06/27/2018 06/27/18 For Sale $469,900 +43.3% $166 / Sq Ft
05/08/2014 05/08/14 Sold $328,000 -2.1% $116 / Sq Ft
05/08/2014 05/08/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $335,000 -- $119 / 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 $7,965 $405,690 -- --
2023 $7,731 $393,880 $0 $0
2022 $7,289 $382,410 $0 $0
2021 $7,081 $371,280 $0 $0
2020 $7,087 $360,470 $0 $0
2019 $6,838 $349,980 $0 $0
2018 $6,750 $0 $0 $0
2017 $6,092 $0 $0 $0
2016 $5,803 $0 $0 $0
2015 $5,847 $0 $0 $0
2014 $5,523 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2018

    Ian Meinert

    HOMESTAR BROKERS

    (503) 378-9999

    3 Total Sales

    Ian Meinert
    Section Image

  • S

    Buyer's Agent in 2018

    SALLY HUGGINS

    HOMESTAR BROKERS

    (503) 510-8274

    2 in this area

    23 Total Sales

    SALLY HUGGINS
    Section Image
  • SHERRILL CONLEY

    Seller's Agent in 2014

    SHERRILL CONLEY

    HOMESTAR BROKERS

    (503) 551-0501

    7 Total Sales

    SHERRILL CONLEY
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 735569

Willamette Valley MLS

APN: 565212

Oregon Marion County Salem 97302 Faye Wright

605 Welcome Way SE, Salem, OR

This home is located at 605 Welcome Way SE, Salem, OR 97302 since 27 June 2018 and is currently estimated at $695,011, approximately $246 per square foot. This property was built in 1977. 605 Welcome Way SE is a home located in Marion County with nearby schools including Wright 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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