$165,000
SOLD JUN 13, 2025

734 Lancaster Dr SE Salem, OR 97317

2 Beds
1 Bath
720 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$229 Per Sq Ft

23% Below List Price

58 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Bungalow
  • No HOA
  • Living Room
  • Dining Room

About This Home

As of June 2025

CALLING ALL DEVELOPERS, BUILDERS, THOSE WITH VISION! This cute bungalow is on a pretty awesome large lot, yearning for improvement! SO MUCH POTENTIAL! Currently boarded up for safety (keeping out the riff-raff), but the potential is there. Solid slab foundation remaining for a detached garage (burned garage removed - have a contractor quote to build garage for $10k). This part of Lancaster and into Four Corners 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 Four Corners. CHECK OUT THIS LOT *Bargain to be had when purchased together with house next door 716, RMLS#500075241* Offers subject to interior viewing. 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

ROI Realty 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

Realty of America, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,456

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Fenced
  • Property is zoned RS

Home Design

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

Interior Spaces

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

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Off-Street Parking

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 555151

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,456

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1950
  • Property Condition: Fixer
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1, Bungalow
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 165000.0
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 1.0
  • Interior Amenities: HardwoodFloors, 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
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • 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

  • Zoning: RS
  • Land Lease: No
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 555151

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2456.25
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2025 06/13/25 Sold $165,000 -19.5% $229 / Sq Ft
05/24/2025 05/24/25 Pending -- -- --
05/22/2025 05/22/25 Price Changed $205,000 -4.7% $285 / Sq Ft
03/27/2025 03/27/25 For Sale $215,000 -- $299 / 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
2025 $2,456 $104,550 -- --
2024 $2,456 $101,510 -- --
2023 $2,163 $98,560 $0 $0
2022 $1,583 $95,690 $0 $0
2021 $1,569 $92,910 $0 $0
2020 $1,522 $90,210 $0 $0
2019 $1,532 $87,590 $0 $0
2018 $1,487 $0 $0 $0
2017 $1,224 $0 $0 $0
2016 $1,174 $0 $0 $0
2015 $1,161 $0 $0 $0
2014 $1,060 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 454018076

Regional Multiple Listing Service (RMLS)

APN: 555151