$190,000
SOLD JUN 13, 2025

716 Lancaster Dr SE Salem, OR 97317

2 Beds
1 Bath
765 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$248 Per Sq Ft

16% Below List Price

58 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Double Pane Windows
  • Private Yard
  • 1 Car Detached Garage
  • Living Room

About This Home

As of June 2025

CALLING ALL DEVELOPERS, BUILDERS, THOSE WITH VISION! This cute bungalow is on a pretty awesome large 9583sf lot, yearning for improvement! SO MUCH POTENTIAL! Currently boarded up for safety (keeping out the riff-raff), but the potential is there. This part of Lancaster is happening, and what a great spot for commuters - easy access to major thoroughfares. Entry to wonderful neighborhood and neighbors down Glenwood Dr and into south Four Corners area. CHECK IT OUT *Bargain to be had if purchased together with house next door 734, RMLS#454018076* All details believed to be accurate but not guaranteed. Buyer to perform their own due diligence to their complete satisfaction.

Last Agent to Sell the Property

Wendy Ebster

Call it Closed International, Inc Brokerage Phone: 503-826-7300 License #201215825 Listed on: 03/27/2025

Last Buyer's Agent

KATHY CAMPOS MESEN

Realty of America, LLC License #201241488

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,375

Year Built

  • Built in 1946

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Level Lot
  • Private Yard

Parking

  • 1 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Bungalow
  • Fixer Upper
  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 765 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Laminate Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Morningside Elementary School
  • Judson Middle School
  • South Salem High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 555150

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,375

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1946
  • Property Condition: Fixer
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1, Bungalow
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 1.0
  • Interior Amenities: LaminateFlooring
  • Basement: CrawlSpace
  • Window Features: DoublePaneWindows, VinylFrames
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt7000to9999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: LapSiding
  • Exterior Features: Fenced, Yard
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Garage Type: Detached
  • Parking Description: Driveway, OffStreet
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Morningside
  • High School: South Salem
  • Middle Or Junior School: Judson

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583.0
  • Parcel #: 555150

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2375.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2025
Closed on
Jun 10, 2025
Sold by
Shum Alex S
Bought by
Gutierrez Maria M Sanchez
Seller's Agent
Wendy Ebster
Call it Closed International, Inc
Buyer's Agent
KATHY CAMPOS MESEN
Realty of America, LLC
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Views
98

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
248.22%
Original Mortgage
$369,750
Outstanding Balance
$369,750
Interest Rate
6.76%
Mortgage Type
Construction
Estimated Equity
-$143,487
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 $355,000 Amerititle
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $369,750 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Sold $190,000 -11.6% $248 / Sq Ft
05/24/2025 05/24/25 Pending -- -- --
05/22/2025 05/22/25 Price Changed $215,000 -4.4% $281 / Sq Ft
04/08/2025 04/08/25 For Sale $225,000 0.0% $294 / Sq Ft
04/02/2025 04/02/25 Pending -- -- --
03/27/2025 03/27/25 For Sale $225,000 -- $294 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $2,375 $96,190 -- --
2023 $1,786 $93,390 $0 $0
2022 $1,511 $90,670 $0 $0
2021 $1,497 $88,030 $0 $0
2020 $1,257 $85,470 $0 $0
2019 $1,418 $82,990 $0 $0
2018 $1,430 $0 $0 $0
2017 $1,174 $0 $0 $0
2016 $1,128 $0 $0 $0
2015 $1,116 $0 $0 $0
2014 $1,018 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 500075241

Regional Multiple Listing Service (RMLS)

APN: 555150