NOT LISTED FOR SALE

725 Lancaster Dr SE Salem, OR 97317

Meadowlawn Neighborhood

Estimated Value: $327,000 - $359,000

3 Beds
1 Bath
1,289 Sq Ft
$270/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $305,000 $237 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,108/month

8 Days on Market

Highlights

  • Greenhouse
  • Private Yard
  • Attached Garage
  • Wood Flooring
  • Covered Patio or Porch
  • Laundry Room

About This Home

As of September 2021

Single level home conveniently located close to multiple restaurants, shops, schools, parks and I-5. Large, fully-fenced backyard with covered patio, carport, sheds, a green house, raised garden beds, fruit trees, and additional bushes and flowers. Inside is a spacious front room with a new fireplace insert, a cozy dining room with a view of the backyard, three bedrooms, and original oak wood floors. Updates include, new light fixtures in dining room and bathroom, and shelving in dining room.

Last Agent to Sell the Property

Dewey Whitton

The Salem Real Estate Group License #890200088 Listed on: 06/30/2021

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,568

Year Built

  • Built in 1953

Lot Details

  • Fenced
  • Level Lot
  • Private Yard
  • Raised Garden Beds
  • Property is zoned RS

Parking

  • Attached Garage
  • Driveway

Home Design

  • Lap Siding
  • Shake Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 1-Story Property
  • Laundry Room

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Covered Patio or Porch
  • Greenhouse
  • Shed

Utilities

  • Heating System Uses Oil
  • Heating System Uses Wood
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,568

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Status: Sold
  • Property Category: Residential
  • Property Type: Single Family Residence
  • Style: 1 Story
  • Sq Ft Calculated: 1289
  • Sq Ft Approximate Total: 1289
  • Stories: 1
  • Year Built: 1953
  • Property Condition: Resale
  • Remarks Public: Single level home conveniently located close to multiple restaurants, shops, schools, parks and I-5. Large, fully-fenced backyard with covered patio, carport, sheds, a green house, raised garden beds, fruit trees, and additional bushes and flowers. Inside is a spacious front room with a new fireplace insert, a cozy dining room with a view of the backyard, three bedrooms, and original oak wood floors. Updates include, new light fixtures in dining room and bathroom, and shelving in dining room.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Additional Rooms: Laundry
  • Main Level Bathrooms: 1.0
  • Total Bathrooms: 1.0
  • Fireplace Description: Insert, Wood Burning
  • Interior Amenities: Hardwood Floors, Laundry, Wall to Wall Carpet, Vinyl Floor
  • Legal Description: MEADOWLARK ADDITION, BLOCK 2, LOT FR 2, ACRES 0.202
  • Sq Ft Main Level: 1289
  • Bedrooms: 3
  • Master Bedroom: On Level: Main,Dimensions: 14x10
  • Bedroom 2: On Level: Main,Dimensions: 12x9
  • Bedroom 3: On Level: Main,Dimensions: 10x10
  • Full Bathrooms: 1
  • Dining Room: On Level: Main,Dimensions: 9x10
  • Living Room: On Level: Main,Dimensions: 17x17
  • Kitchen: On Level: Main,Dimensions: 10x9
  • Additional Room 1: Description: Laundry,On Level: Main,Dimensions: 7x19
  • Bathrooms Main Level Full: 1
  • Total Bathrooms: 1

Exterior Features

  • Exterior Description: Cedar, Lap Siding, Shake Siding
  • Exterior Features: Covered Patio, Fenced, Greenhouse, Tool Shed, Public Road, Yard, Raised Beds
  • Lot Size: 7K-9,999SF
  • Lot Dimensions: 80x125
  • Roof Type: Composition
  • Foundation Details: Concrete Perimeter
  • Road Surface: Paved

Garage/Parking

  • Garage Or Parking Spaces: 2
  • Garage Type: Attached
  • Parking Description: Driveway

Utilities

  • Fuel Description: Oil, Wood Burning
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Well, Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air, Wood Stove

Schools

  • Elementary School: Four Corners
  • Middle School: Houck
  • High School: South Salem

Lot Info

  • Lot Description: Level
  • Acres: 0.20
  • Zoning: RS

Tax Info

  • Tax Amount: 2135.42
  • Assessor Parcel Number: R54959
  • Tax Year: 2020

MLS Schools

  • Elementary School: Four Corners
  • High School: South Salem
  • Middle School: Houck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2021
Closed on
Sep 3, 2021
Sold by
Birkel Judson R and Birkel Jennifer L
Bought by
Valle Darline and Valle Rosa M
Seller's Agent
Dewey Whitton
The Salem Real Estate Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$299,992
Sold Price
$305,000
Premium/Discount to List
$5,008
1.67%
Current Estimated Value
$347,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,467
Avg. Annual Appreciation
3.36%
Original Mortgage
$299,145
Outstanding Balance
$275,149
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$72,318

Purchase Details

Listed on
Jan 27, 2016
Closed on
Mar 30, 2016
Sold by
Petersen Sheryl K
Bought by
Birkel Judson R and Birkel Jennifer L
Seller's Agent
JAKE BUCKENDORF
WINDERMERE PACIFIC WEST PROP
Buyer's Agent
BILL HEKMAN, JR
PROFESSIONAL REALTY SERVICES INTERNATIONAL
List Price
$139,900
Sold Price
$142,500
Premium/Discount to List
$2,600
1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.96%
Original Mortgage
$138,225
Interest Rate
3.65%
Mortgage Type
New Conventional
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
Valle Darline $305,000 Fidelity National Title
Birkel Judson R $142,500 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valle Darline $60,000
Open Valle Darline $299,145
Previous Owner Birkel Judson R $138,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Sold $305,000 +1.7% $237 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $299,992 +110.5% $233 / Sq Ft
03/31/2016 03/31/16 Sold $142,500 +1.9% $111 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $139,900 -- $109 / 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 $2,568 $153,860 -- --
2023 $2,436 $149,380 $0 $0
2022 $2,297 $145,030 $0 $0
2021 $2,275 $140,810 $0 $0
2020 $2,201 $136,710 $0 $0
2019 $2,218 $132,730 $0 $0
2018 $2,163 $0 $0 $0
2017 $1,826 $0 $0 $0
2016 $1,751 $0 $0 $0
2015 $1,454 $0 $0 $0
2014 $1,340 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dewey Whitton

    Seller's Agent in 2021

    Dewey Whitton

    The Salem Real Estate Group

    (503) 949-3623

    1 in this area

    399 Total Sales

    Section Image

  • O

    Buyer's Agent in 2021

    OR and WA Non Rmls

    Non Rmls Broker

    Section Image
  • JAKE BUCKENDORF

    Seller's Agent in 2016

    JAKE BUCKENDORF

    WINDERMERE PACIFIC WEST PROP

    (503) 371-5155

    67 Total Sales

    Section Image

  • N

    Seller Co-Listing Agent in 2016

    Nancy Fiskum

    RE/MAX

    Section Image
  • BILL HEKMAN, JR

    Buyer's Agent in 2016

    BILL HEKMAN, JR

    PROFESSIONAL REALTY SERVICES INTERNATIONAL

    (503) 580-8664

    21 Total Sales

    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 21061609

Regional Multiple Listing Service (RMLS)

APN: 554959

Oregon Marion County Salem 97317 Meadowlawn

725 Lancaster Dr SE, Salem, OR

This home is located at 725 Lancaster Dr SE, Salem, OR 97317 since 30 June 2021 and is currently estimated at $347,467, approximately $269 per square foot. This property was built in 1953. 725 Lancaster Dr SE is a home located in Marion County with nearby schools including Four Corners Elementary School, Houck Middle School, and South Salem High School.

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