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550 Madrona Avenue S Salem, OR 97302

$171,303
LOW
$196,900 Estimated value of the home, based on tax records and nearby sales information for similar homes.
$222,500
HIGH
 
VALUE ESTIMATE
 
Value Estimate
$196,900Estimated value of the home, based on tax records and nearby sales information for similar homes.
Beds
3
Fireplaces
1
Payment Estimate
--
Baths Full
1
Parking
Carport
Rent Estimate
$1,250Estimated monthly rental price, based on a proprietary formula.
Baths Half
--
Tax Estimate
$1,813Estimated property taxes paid on an annual basis.
Sq Ft
1,251
 HomeScore
55A relative rating of projected appreciation over a 10-year holding period. Homes that score above 50 are expected to outperform the market.
Lot Size
--
 InvestorScore
54A relative rating of projected positive cash flow over a 10-year holding period. Properties that score above 50 are expected to outperform the market.
Construction
--
Last Sale Date
05/10/2016
Style
--
Last Sale Price
$120,000
Year Built
1948

550 Madrona Avenue S is located in the South Salem area of Salem, OR. At this time, the property has an estimated value of $196,900 and yearly taxes of $1,813. This home has 3 bedrooms, 1 bathroom, and approximately 1,251 sqft of living space. The property was built in 1948. Similar homes nearby have 3 bedrooms, 1 bath and sell for around $200,000.

Property History

DateEventSourcePrice
10/21/2016Sign InRMLSSign In
10/19/2016Sign InRMLSSign In
10/5/2016Sign InRMLSSign In
9/8/2016Sign InRMLSSign In
9/8/2016Sign InRMLSSign In
8/15/2016Sign InRMLSSign In
8/15/2016Sign InRMLSSign In
7/11/2016Sign InRMLSSign In

Salem Market Trends

Check out Salem homes for sale, read the Salem real estate news or review the Salem real estate trends. Here is a summary of local market conditions over the past 30 days:

Market Health Score
19
Critical

98

$302,400

152

19.6

Median Sales Price
$287,900
+47.3%
Sales (30 Days)
5
-86.8%

Salem Public Schools

A child living at 550 Madrona Avenue S, Salem, OR would typically attend one of the following public schools: Salem Heights Elementary School, Crossler Middle School, or Sprague High School. School boundaries and attendance zones are updated frequently. This guidance should not be used to determine the legal eligibility to attend any particular school or school system.

South Salem REAL ESTATE NEWS

In this week's report, the number of homes sold in the Salem market plummeted to five over the past 30 days, a decrease of 73.7% from last week's report. Within the same time frame, Silverton had two... Read More »

In this week's report, the number of homes sold in the Salem market dropped to 19 over the past 30 days, a decrease of 26.9% from last week's report. Within the same time frame, Silverton had three sa... Read More »

With an emerging upward trend of new sellers listing homes, including 39 over the last 30 days, and sales that have fallen to 26 in that same time frame, the Salem market will be getting more competit... Read More »

550 Madrona Avenue S Map

Ask a local expert about this home:
AR
The Rian Group Real Estate
Listing Agent

550 Madrona Ave S, Salem, OR 97302US
550 Madrona Ave S is located in the South Salem area of Salem, OR. At this time, the property has an estimated value of $196,900 and yearly taxes of $1,813. This home has 3 bedrooms, 1 bathroom, and approximately 1,251 sqft of living space. The property was built in 1948. Similar homes nearby have 3 bedrooms, 1 bath and sell for around $200,000. Aaron Rian is a Homesnap Local Expert in and around South Salem.
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