Seller's Agent in 2023
AMY PENDLEY
Agri-Business Real Estate Services
(503) 910-4689
87 Total Sales
Estimated Value: $1,265,757
4
Beds
1
Bath
1,790
Sq Ft
$707/Sq Ft
Est. Value
Highlights
- Greenhouse
- Farm
- Wood Flooring
- 18.65 Acre Lot
- Territorial View
- Farmhouse Style Home
About This Home
As of November 2023Century Farm w/2-story Dutch Colonial home currently operating as a productive retail nursery and has for many years. Private setting adorned with mature manicured yard adjacent to the nursery facility that's been specialized to produce geraniums, poinsettias, mixed hanging baskets, planters, and shade plants since 1952. The facility includes an estimated 56,820 SF of greenhouses, 8,799 SF of hoop houses, 1-acre gravel container yard, and other assorted nursery buildings including shade covers, covered work and retail areas, and farm outbuildings. This property has been well cared for with thoughtful consideration for generations and this is the first time offered on the open market in over 100 years! This property is the perfect opportunity to make your dreams of owning your own nursery come true while carrying on a well-developed retail operation in the Salem area. The 2-Story farmhouse includes 1,790 SF with 4 bedrooms and 1 bathroom. Originally constructed in 1921, its well secluded with rural appeal surrounded by manicured lawns and landscape beds. The nursery facility also boasts irrigation water rights for 20.00-acres and paved and gravel interior drives, parking areas, and yards. It is also well suited for expansion with approximately 11-acres of cropland currently in grass seed with predominantly Class 2 Woodburn silt loam soils.
Last Agent to Sell the Property
Agri-Business Real Estate Services License #951000048 Listed on: 06/15/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,176
Year Built
- Built in 1921
Lot Details
- 18.65 Acre Lot
- Level Lot
- Private Yard
- Property is zoned EFU
Parking
- 1 Car Detached Garage
- Driveway
Home Design
- Farmhouse Style Home
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,790 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Family Room
- Living Room
- Dining Room
- Wood Flooring
- Territorial Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Washer and Dryer
Bedrooms and Bathrooms
- 4 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Greenhouse
- Outbuilding
Schools
- Gervais Elementary And Middle School
- Gervais High School
Farming
- Farm
Utilities
- No Cooling
- Forced Air Zoned Heating System
- Heating System Uses Gas
- Electricity To Lot Line
- Irrigation Water Rights
- Well
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 518317
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2023
Closed on
Nov 6, 2023
Sold by
Egan Gardens Inc
Bought by
Pedersen Real Estate Llc
Seller's Agent
AMY PENDLEY
Agri-Business Real Estate Services
Buyer's Agent
Trevor Scharer
Tradition Real Estate Partners LLC
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Views
76
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,757
Avg. Annual Appreciation
2.04%
Original Mortgage
$530,000
Outstanding Balance
$178,431
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$1,064,481
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pedersen Real Estate Llc | $1,200,000 | Fidelity National Title | |
| Pedersen Real Estate Llc | $1,200,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pedersen Real Estate Llc | $530,000 | |
| Closed | Pedersen Real Estate Llc | $550,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/08/2023 11/08/23 | Sold | $1,200,000 | -7.7% | $670 / Sq Ft |
| 08/15/2023 08/15/23 | Pending | -- | -- | -- |
| 06/15/2023 06/15/23 | For Sale | $1,300,000 | +900.0% | $726 / Sq Ft |
| 12/21/2015 12/21/15 | Sold | $130,000 | -10.3% | $75 / Sq Ft |
| 12/16/2015 12/16/15 | Pending | -- | -- | -- |
| 12/16/2015 12/16/15 | For Sale | $145,000 | -- | $84 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
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 | $1,318 | $97,486 | -- | -- |
| 2023 | $1,216 | $106,932 | $0 | $0 |
| 2022 | $1,242 | $113,756 | $0 | $0 |
| 2021 | $772 | $67,080 | $0 | $0 |
| 2020 | $656 | $60,180 | $0 | $0 |
| 2019 | $729 | $62,980 | $0 | $0 |
| 2018 | $783 | $0 | $0 | $0 |
| 2017 | $835 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Terry Silbernagel
Agri-Business Real Estate Services
(503) 559-3200
86 Total Sales
-
Buyer's Agent in 2023
Trevor Scharer
Tradition Real Estate Partners LLC
(503) 881-3455
151 Total Sales
-
D
Seller's Agent in 2015
DAVID BOWLES
CHARLES DAVID BOWLES
-
F
Buyer's Agent in 2015
FRED PURDY
PURDY REAL ESTATE
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 23340259
APN: 518315
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.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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