tomo logo

$1,047,500

Beds
4
Baths
5.0
sq ft
4,982

131 50th Ave NW, Salem, OR 97304

131 50th Ave NW

Salem, OR 97304

  • 75 days on market
    • Price drop $52,500↓
See video tour for details on this West Salem Beauty with dual living potential! Elegant estate tastefully updated & remodeled. Abundance of windows with amazing views and tons of natural light. Vaulted & tray ceilings add character. Gourmet kitchen with granite & SS appliances including Viking hood and 6-burner Hallman gas range with double ovens & a grill area. Formal living and dining rooms, 2 gas fireplaces, and a floor plan that flows well. Secondary apartment downstairs has its own entrance.

Details

Property type

Single Family Residence

Est. home value

$935,318

Lot size

1.95 acres

Price per sq ft

$211

Year built

2005

Annual property taxes

$6,879.94

Price History

05/29/2024
PortlandOR

PortlandOR #24676808

Price change
$1,047,500
-4.77%
04/23/2024
PortlandOR

PortlandOR #24676808

Listed
$1,100,000
+136.05%
04/12/2019
PortlandOR

PortlandOR #19221597

Sold
$466,000

Schools & Community

Elementary school: 

Independence

Middle school: 

Talmadge

High school: 

Central

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$532,507
Asking price
$1,047,500
Closing costs (~8% of asking)
-$83,800
Est. remaining loan balance
-$431,193
Cash to seller
$532,507

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

December 2020

Original loan amount

$467,560

Est. remaining balance

$431,193

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

Win Eaton and Norma Eaton

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
PortlandOR
$915,000
4 bd
|
3.5 ba
|
4,097 sq ft
|
House

1417 Orchard Heights Rd NW, Salem, OR 97304

Price drop
PortlandOR
$999,000
4 bd
|
3.5 ba
|
4,134 sq ft
|
House

695 Palisades Dr SE, Salem, OR 97302

PortlandOR
$1,065,000
5 bd
|
4.5 ba
|
4,473 sq ft
|
House

2949 Mapleleaf Ct NW, Salem, OR 97304

Status: Active

Tomo last checked: 07/07/2024 at 4:30 PM

Listing updated: 06/03/2024 at 6:03 PM

Listed by: Tim Rist, DORE Phone #: (541) 223-4623

MLS: PortlandOR #24676808

PortlandOR logo

Recently listed in Salem

$379,000|3 bd|2.0 ba|House
$416,995|3 bd|2.0 ba|House
$325,000|3 bd|2.0 ba|Manufactured
$426,995|3 bd|2.5 ba|House
$350,000|2 bd|1.0 ba|House
$529,900|4 bd|2.0 ba|House
$1,347,000|5 bd|2.5 ba|House
$529,000|3 bd|2.0 ba|House
$609,000|4 bd|3.0 ba|House
$675,000|4 bd|3.0 ba|House