NOT LISTED FOR SALE

720 Fairview Ave SE Salem, OR 97302

South Central Neighborhood

Estimated Value: $395,000 - $444,000

4 Beds
2 Baths
2,372 Sq Ft
$180/Sq Ft Est. Value

Sale Details

Date Sold: January 26, 2015

Last sale price $134,900 $57 Per Sq Ft

Est. 216% increase in value since last sale

Current estimated payment $2,559 / mo

208 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Patio
  • Living Room with Fireplace
  • Fenced Yard
  • 4-minute walk to Clark Creek Park

About This Home

As of January 2015

This home is located at 720 Fairview Ave SE, Salem, OR 97302 since 17 June 2014 and is currently estimated at $426,368, approximately $179 per square foot. This property was built in 1954. 720 Fairview Ave SE is a home located in Marion County with nearby schools including McKinley Elementary School, Leslie Middle School, and South Salem High School.

Last Agent to Sell the Property

KIMBERLY HOSMER

SMI REAL ESTATE License #201109093 Listed on: 06/17/2014

SMI REAL ESTATE

Last Buyer's Agent

Brenda Clifford

HOMESMART REALTY GROUP License #201206049

HOMESMART REALTY GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,364

Year Built

  • Built in 1954

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced Yard
  • Landscaped

Home Design

  • Composition Roof

Interior Spaces

  • 2,372 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Recreation Room
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Uses Oil
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Any of the Tenants' personal property
  • Legal Lot and Block 1 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,364

Year Built

Built in 1954

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Dual Living: Possible
  • Home Warranty: Negotiable
  • Range Facility: Electric
  • Syndicated Remarks: Lots of square footage at a fantastic price. Great central location to downtown or South Salem. Large bonus room downstairs includes a bar which is perfect for entertaining guests. The patio off of the bonus room walks out to a very large back yard with lots of room as well as a raised garden bed.
  • Cross Street: Church
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Exclusions: Any of the Tenants' personal property
  • Fireplace: Living Room
  • Flooring: Carpet, Laminate, Vinyl
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Number of Lower Level Bathrooms: 1
  • Bedrooms: 4
  • Basement: Daylight, Finished
  • Bonus Rooms: Rec Room
  • Source Of Sq Ft: Fee

Exterior Features

  • Patio: Deck, Patio
  • Fenced Yard: Yes
  • Landscape: Yes
  • Roof: Composition

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Heating/Cooling: Oil
  • High Speed Comm Access: Present
  • Water: City
  • Water Heater: Electric

Lot Info

  • Acres: 0.15
  • Estimated Lot Sq Ft: 6534
  • Lot: 1
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 13-14
  • Tax Amount: 2364

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2014
Closed on
Jan 22, 2015
Sold by
Johnson Richard E and Johnson Jessica Claire
Bought by
Kumley Lloyd
Seller's Agent
KIMBERLY HOSMER
SMI REAL ESTATE
Buyer's Agent
Brenda Clifford
HOMESMART REALTY GROUP
List Price
$169,900
Sold Price
$134,900
Premium/Discount to List
-$35,000
-20.6%
Current Estimated Value
$426,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,468
Avg. Annual Appreciation
10.81%

Purchase Details

Closed on
Sep 28, 2006
Sold by
Johnson Richard E
Bought by
Johnson Richard Eric and Johnson Jessica Claire

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
6.43%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 7, 2003
Sold by
Mott Christopher
Bought by
Johnson Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2002
Sold by
Wetherbee Christopher J and Wetherbee Robin L
Bought by
Mott Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,761
Interest Rate
6.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Kumley Lloyd $134,900 Amerititle
Johnson Richard Eric -- Multiple
Johnson Richard E $128,750 Amerititle
Mott Christopher $112,500 Amerititle Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Richard Eric $131,250
Previous Owner Johnson Richard Eric $43,750
Previous Owner Johnson Richard E $103,000
Previous Owner Mott Christopher $110,761
Closed Johnson Richard E $25,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2015 01/26/15 Sold $134,900 -20.6% $57 / Sq Ft
01/11/2015 01/11/15 Pending -- -- --
06/17/2014 06/17/14 For Sale $169,900 -- $72 / Sq Ft
Source: Willamette Valley MLS

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
2025 $3,398 $178,250 -- --
2024 $3,398 $173,060 -- --
2023 $3,298 $168,020 $0 $0
2022 $3,109 $163,130 $0 $0
2021 $3,020 $158,380 $0 $0
2020 $2,932 $153,770 $0 $0
2019 $2,079 $149,300 $0 $0
2018 $2,880 $0 $0 $0
2017 $2,599 $0 $0 $0
2016 $2,476 $0 $0 $0
2015 $2,494 $0 $0 $0
2014 $2,414 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • KIMBERLY HOSMER

    Seller's Agent in 2015

    KIMBERLY HOSMER

    SMI REAL ESTATE

    (503) 704-3031

    1 in this area

    20 Total Sales

    KIMBERLY HOSMER
    Section Image

  • B

    Buyer's Agent in 2015

    Brenda Clifford

    HOMESMART REALTY GROUP

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 678242

Willamette Valley MLS

APN: 581191

Oregon Marion County Salem 97302 South Central

720 Fairview Ave SE, Salem, OR

Not Listed for Sale

Detached

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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