NOT LISTED FOR SALE

940 Rural Ave SE Salem, OR 97302

South Central Neighborhood

Estimated Value: $421,000 - $443,000

3 Beds
1.5 Baths
1,644 Sq Ft
$262/Sq Ft Est. Value

Last Sold May 25, 2018

Last sale price $280,000 $170 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,612/month

4 Days on Market

Highlights

  • Waterfront
  • Living Room with Fireplace
  • Fenced Yard
  • Deck
  • First Floor Utility Room
  • 1 Car Attached Garage

About This Home

As of May 2018

Fall in love with this charmer! Conveniently located, This beautifully renovated 3 bedroom home has everything you could ever want. This charming 1940's home has both a family room and a living room, a modern kitchen with an amiable dining room, spacious bedrooms with own closets - all of these with the perfect combination of laminate and carpeted flooring. You also have a sizable fenced backyard and deck!

Last Agent to Sell the Property

Shawn Richardson

OPT License #201210661 Listed on: 04/26/2018

OPT

Co-Listed By

Kaitlyn Richardson

EXP REALTY, LLC License #201219190

Last Buyer's Agent

BRIAN NIEWALD

HOMESMART REALTY GROUP License #201213454

HOMESMART REALTY GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,007

Year Built

  • Built in 1949

Lot Details

  • 7,200 Sq Ft Lot
  • Waterfront
  • Fenced Yard
  • Landscaped
  • Irregular Lot
  • Property is zoned RS

Parking

  • 1 Car Attached Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding
  • Cedar Siding

Interior Spaces

  • 1,644 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • First Floor Utility Room

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,007

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Home Warranty: Negotiable
  • Range Facility: Electric
  • Syndicated Remarks: Fall in love with this charmer! Conveniently located, This beautifully renovated 3 bedroom home has everything you could ever want. This charming 1940's home has both a family room and a living room, a modern kitchen with an amiable dining room, spacious bedrooms with own closets - all of these with the perfect combination of laminate and carpeted flooring. You also have a sizable fenced backyard and deck!
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room
  • Flooring: Carpet, Laminate
  • Total Bathrooms: 1.5
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: 1/Main
  • Bedroom 4: On Level: 1/Main
  • Dining Room: 1/Main, On Level: 1/Main
  • Family Room: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Price Per Sq Ft: 170.32
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 167.27

Exterior Features

  • Patio: Deck, Patio
  • Exterior Color: Blue
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Cedar, Wood
  • Siding Style: Lap
  • View: Water Frontage

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 1

Utilities

  • Heating/Cooling: Electric, Forced Air
  • High Speed Comm Access: Available
  • Sewer City: Yes
  • Water: City
  • Water Heater: Electric

Schools

  • Elementary School: McKinley
  • Middle School: Leslie
  • High School: South Salem

Lot Info

  • Acres: 0.16
  • Estimated Lot Sq Ft: 7200
  • Lot: 1
  • Lot Type: Irregular
  • Price Per Acre: 1718750
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2016-2017
  • Tax Account Number: R83737
  • Tax Amount: 3007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2018
Closed on
May 24, 2018
Sold by
Sanders Dustin T and Sanders Samantha J
Bought by
Franks Jennifer K
Seller's Agent
Shawn Richardson
OPT
Buyer's Agent
BRIAN NIEWALD
HOMESMART REALTY GROUP
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%
Current Estimated Value
$430,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,852
Avg. Annual Appreciation
6.03%
Original Mortgage
$265,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2012
Closed on
Jun 4, 2012
Sold by
Pollman Robert Dean and Pollman Melissa
Bought by
Sanders Dustin T and Sanders Samantha J
Buyer's Agent
Dana Burk
KELLER WILLIAMS CAPITAL CITY
List Price
$163,500
Sold Price
$150,900
Premium/Discount to List
-$12,600
-7.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.91%
Original Mortgage
$148,166
Interest Rate
3.86%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 9, 2012
Sold by
Krick Kevin
Bought by
Pollman Robert Dean and Pollman Melissa

Purchase Details

Closed on
Oct 17, 2003
Sold by
Finicle Kathleen K and Krick Kevin J
Bought by
Krick Kevin

Purchase Details

Closed on
Dec 17, 2002
Sold by
Finicle Kathleen L and Krick Kevin J
Bought by
Krick Kevin James
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
Franks Jennifer K $280,000 Fidelity National Title
Sanders Dustin T $150,900 Fidelity Natl Title Co Of Or
Pollman Robert Dean $75,000 Fidelity Natl Title Co Of Or
Krick Kevin -- Fidelity National Title
Krick Kevin James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franks Jennifer K $265,000
Previous Owner Sanders Dustin T $148,166
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2018 05/25/18 Sold $280,000 +1.8% $170 / Sq Ft
04/26/2018 04/26/18 For Sale $275,000 +82.2% $167 / Sq Ft
06/05/2012 06/05/12 Sold $150,900 -7.7% $92 / Sq Ft
05/21/2012 05/21/12 Pending -- -- --
03/13/2012 03/13/12 For Sale $163,500 -- $99 / 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 $3,932 $200,250 -- --
2023 $3,816 $194,420 $0 $0
2022 $3,598 $188,760 $0 $0
2021 $3,495 $183,270 $0 $0
2020 $3,393 $177,940 $0 $0
2019 $3,274 $172,760 $0 $0
2018 $3,332 $0 $0 $0
2017 $3,007 $0 $0 $0
2016 $2,865 $0 $0 $0
2015 $2,886 $0 $0 $0
2014 $2,793 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shawn Richardson

    Seller's Agent in 2018

    Shawn Richardson

    OPT

    (503) 853-1784

    34 Total Sales

    Shawn Richardson
    Section Image

  • K

    Seller Co-Listing Agent in 2018

    Kaitlyn Richardson

    EXP REALTY, LLC

    Section Image
  • BRIAN NIEWALD

    Buyer's Agent in 2018

    BRIAN NIEWALD

    HOMESMART REALTY GROUP

    (503) 409-3958

    1 in this area

    46 Total Sales

    BRIAN NIEWALD
    Section Image
  • Dana Burk

    Buyer's Agent in 2012

    Dana Burk

    KELLER WILLIAMS CAPITAL CITY

    (503) 409-5861

    2 in this area

    100 Total Sales

    Dana Burk
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 732462

Willamette Valley MLS

APN: 583737

Oregon Marion County Salem 97302 South Central

940 Rural Ave SE, Salem, OR

This home is located at 940 Rural Ave SE, Salem, OR 97302 since 26 April 2018 and is currently estimated at $430,852, approximately $262 per square foot. This property was built in 1949. 940 Rural Ave SE is a home located in Marion County with nearby schools including McKinley Elementary School, Leslie Middle School, and South Salem High 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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