tomo logo

$250,000

Beds
2
Baths
1.0
sq ft
Unknown

401 Madrona Av SE Unit 1, Salem, OR 97302

401 Madrona Av SE Unit 1

Salem, OR 97302

  • 3 days on market
    • Open house Feb 02
Updated 2-bed, 1-bath condo in a prime location! This bright unit features modern flooring, fresh paint, and a fully updated kitchen with stainless steel appliances. The open living and dining space is perfect for relaxing or entertaining. Both bedrooms offer ample closet space, and the updated bathroom adds a contemporary touch. Enjoy the convenience of in-unit laundry and assigned parking. This move-in-ready condo is ideal for first-time buyers or those seeking a low-maintenance lifestyle! HOA $200/mo

Details

Property type

Condominium

Est. home value

$182,218

Lot size

Unknown

Price per sq ft

Unknown

Year built

1971

Annual property taxes

$1,497.91

Monthly HOA fee

$200

Price History

01/30/2025
PortlandOR

PortlandOR #153669273

Listed
$250,000
+100%
12/11/2020
PortlandOR

PortlandOR #20276971

Sold
$125,000

Schools & Community

Neighborhood: 

Faye Wright

Elementary school: 

Salem Hts

Middle school: 

Crossler

High school: 

Sprague

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

$115,509
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$114,491
Cash to seller
$115,509

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

Seller’s Loan History

Lender

Directors Mortgage Inc

Loan start date

December 2020

Original loan amount

$126,100

Est. remaining balance

$114,491

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Trevor Thaxton Dill

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?

Status: Active

Tomo last checked: 02/02/2025 at 6:35 AM

Listing updated: 01/31/2025 at 12:42 PM

Listed by: Devin Thiele, Sparrow Real Estate, LLC Phone #: (503) 609-0339

MLS: PortlandOR #153669273

PortlandOR logo

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