NOT LISTED FOR SALE

7894 Olney St SE Salem, OR 97317

Estimated Value: $711,801 - $789,000

1 Bed
1.5 Baths
1,280 Sq Ft
$586/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $706,000 $552 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,189/month

43 Days on Market

Highlights

  • RV Access or Parking
  • Loft
  • Tile Flooring
  • Territorial View
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of October 2022

Amazing 5 acres located just East of Salem. Hard to find flat land. Easy access to Highway 22. All of the buildings have been completely updated (doors, windows, siding, roof). Modern finishes throughout. This is a MUST SEE! Move in ready. Great potential to build another house or sit back and enjoy. Property sold as is.

Last Agent to Sell the Property

Shane Baker

RE/MAX INTEGRITY - SALEM License #201239372 Listed on: 08/01/2022

RE/MAX INTEGRITY - SALEM

Last Buyer's Agent

Liz Marshall

PREMIERE PROPERTY GROUP, LLC License #201224236

PREMIERE PROPERTY GROUP, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,524

Year Built

  • Built in 1993

Lot Details

  • 5 Acre Lot
  • Partially Fenced Property
  • Property is zoned SA

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 2-Story Property
  • Loft
  • Territorial Views

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic System
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Refrigerator's, washer, dryer
  • Tax Lot 1700

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,524

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Range Facility: Built-In, Propane, Range Included
  • Syndicated Remarks: Amazing 5 acres located just East of Salem. Hard to find flat land. Easy access to Highway 22. All of the buildings have been completely updated (doors, windows, siding, roof). Modern finishes throughout. This is a MUST SEE! Move in ready. Great potential to build another house or sit back and enjoy. Property sold as is.
  • Cross Street: Aumsville Hwy
  • Year Built: 1993
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Exclusions: Refrigerator's, washer, dryer
  • Flooring: Carpet, Tile
  • Total Bathrooms: 1.5
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Bedrooms: 1
  • Bonus Rooms: Loft
  • Price Per Sq Ft: 551.56
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 569.53

Exterior Features

  • Fenced Yard: Partial
  • Foundation: Slab
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Electric, Heat Pump, Forced Air, Ductless
  • High Speed Comm Access: Available
  • Septic: Standard
  • Water: Well
  • Water Heater: Electric

Schools

  • Elementary School: Aumsville
  • Middle School: Cascade Junior High
  • High School: Cascade

Lot Info

  • Acres: 5
  • Flood Plain: Unknown
  • Lot: 1700
  • Price Per Acre: 145800
  • Rv Amenities: Area/Room For
  • Zoning: SA
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: 530651
  • Tax Years: 2021
  • Tax Account Number: 530651
  • Tax Amount: 2524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
Oct 5, 2022
Sold by
Leigh Peter W
Bought by
Monahan William C and Monahan Michelle A
Seller's Agent
Shane Baker
RE/MAX INTEGRITY - SALEM
Buyer's Agent
Liz Marshall
PREMIERE PROPERTY GROUP, LLC
List Price
$750,000
Sold Price
$706,000
Premium/Discount to List
-$44,000
-5.87%
Current Estimated Value
$750,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,401
Avg. Annual Appreciation
0.87%
Original Mortgage
$473,500
Outstanding Balance
$457,335
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$266,965

Purchase Details

Listed on
Aug 10, 2021
Closed on
Aug 19, 2021
Sold by
Morris Wilson E and Morris Debby
Bought by
Leigh Peter W
Seller's Agent
Quang Nguyen
Premier Trust Realty
Buyer's Agent
Mike Eastlund
Realty One Group Willamette Valley
List Price
$489,900
Sold Price
$565,000
Premium/Discount to List
$75,100
15.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.38%

Purchase Details

Closed on
May 18, 2005
Sold by
Glazier Ralph E
Bought by
Morris Wilson E and Morris Debby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 10, 2001
Sold by
Whiteman Ireane
Bought by
Glazier Ralph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
6.57%
Mortgage Type
VA
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
Monahan William C $706,000 --
Leigh Peter W $565,000 Fidelity National Title
Morris Wilson E $258,000 First American
Glazier Ralph E $160,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monahan William C $100,000
Open Monahan William C $473,500
Previous Owner Morris Wilson E $107,723
Previous Owner Morris Wilson E $200,000
Previous Owner Morris Wilson E $130,000
Previous Owner Glazier Ralph E $163,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $706,000 -3.2% $552 / Sq Ft
09/01/2022 09/01/22 Price Changed $729,000 -1.4% $570 / Sq Ft
08/23/2022 08/23/22 Price Changed $739,000 -1.5% $577 / Sq Ft
08/01/2022 08/01/22 For Sale $750,000 +32.7% $586 / Sq Ft
08/20/2021 08/20/21 Sold $565,000 +15.3% $441 / Sq Ft
08/14/2021 08/14/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $489,900 -- $383 / 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 $2,711 $228,160 -- --
2023 $2,646 $221,520 $0 $0
2022 $2,483 $215,070 $0 $0
2021 $2,449 $208,810 $0 $0
2020 $2,449 $202,730 $0 $0
2019 $2,400 $196,830 $0 $0
2018 $2,351 $0 $0 $0
2017 $2,283 $0 $0 $0
2016 $2,219 $0 $0 $0
2015 $2,159 $0 $0 $0
2014 $2,103 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Shane Baker

    RE/MAX

    15 Total Sales

    Shane Baker
    Section Image
  • Liz Marshall

    Buyer's Agent in 2022

    Liz Marshall

    PREMIERE PROPERTY GROUP, LLC

    (503) 984-4300

    89 Total Sales

    Liz Marshall
    Section Image
  • Quang Nguyen

    Seller's Agent in 2021

    Quang Nguyen

    Premier Trust Realty

    (971) 282-3202

    39 Total Sales

    Quang Nguyen
    Section Image
  • Mike Eastlund

    Buyer's Agent in 2021

    Mike Eastlund

    Realty One Group Willamette Valley

    (503) 559-8499

    36 Total Sales

    Mike Eastlund
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 796130

Willamette Valley MLS

APN: 530651

Oregon Marion County Salem 97317

7894 Olney St SE, Salem, OR

This home is located at 7894 Olney St SE, Salem, OR 97317 since 01 August 2022 and is currently estimated at $750,401, approximately $586 per square foot. This property was built in 1993. 7894 Olney St SE is a home located in Marion County with nearby schools including Cascade Junior High School, Cascade Senior High School, and Williamette Valley Baptist 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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