tomo logo

$1,100,000

Beds
4
Baths
3.5
sq ft
4,134

695 Palisades Dr SE, Salem, OR 97302

695 Palisades Dr SE

Salem, OR 97302

  • 35 days on market
    • Price drop $125,000↓
Be prepared for the WOW factor upon entering the light-filled, marble floor foyer of this custom home. Soaring ceilings and windows flood the living room and formal dining room with natural light and a view of old-growth trees and wildlife. The first floor boasts an in-ceiling sound system and three gas fireplaces.. The first floor master suite features an en suite freestanding tub, gas replace and a private view to gorgeous foliage and trees. The master bath with attached closet is cozy with radiantly heated Italian marble floors and a huge marble dual head shower. The 4th room on the first floor. Don't miss the 2nd full bath on the first floor between the master and 4th room. Step down from foyer into the kitchen, family room and deck as the natural light continues to illuminate Italian marble topped island and 8 burner gas range, double oven and subzero refrigerator. Storage is abundant in this home as seen by the 2 pantries, and office/laundry room off the kitchen area. Don't miss the powder room off the family room. Downstairs the surround sound theatre room with a mini kitchen, washer/dryer, 2 bedrooms and full bath are wonderfully situated for extended living, guests or dual living with separate entrance and second patio. The double garage is immaculate and soon to have an epoxy floor!

Details

Property type

Single Family Residence

Est. home value

$936,002

Lot size

0.43 acres

Price per sq ft

$267

Year built

1990

Annual property taxes

$12,977.9

Monthly HOA fee

$31.25

Price History

06/27/2024
PortlandOR

PortlandOR #24630004

Price change
$1,100,000
-10.2%
05/29/2024
PortlandOR

PortlandOR #24630004

Listed
$1,225,000
-3.92%
05/14/2024
PortlandOR

PortlandOR #24336510

Removed
$1,275,000

Schools & Community

Neighborhood: 

Faye Wright

Elementary school: 

Wright

Middle school: 

Judson

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

$543,198
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$468,802
Cash to seller
$543,198

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

September 2020

Original loan amount

$510,400

Est. remaining balance

$468,802

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Sue A Locke and Robert T Locke

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

PortlandOR
$979,000
4 bd
|
2.5 ba
|
3,166 sq ft
|
House

3230 Aster St NW, Salem, OR 97304

New
PortlandOR
$993,000
5 bd
|
3 ba
|
3,310 sq ft
|
House

4196 Roberts Ridge Rd S, Salem, OR 97302

PortlandOR
$975,000
3 bd
|
3 ba
|
2,839 sq ft
|
House

3245 Sumac Dr S, Salem, OR 97302

Status: Active

Tomo last checked: 07/02/2024 at 5:05 PM

Listing updated: 07/01/2024 at 1:28 PM

Listed by: Geoffrey Tiffany, SMI Commercial Real Estate LLC Phone #: (503) 390-6060

MLS: PortlandOR #24630004

PortlandOR logo

Recently listed in Salem

$440,000|3 bd|2.0 ba|House
$340,000|2 bd|1.0 ba|House
$370,000|4 bd|1.0 ba|House
$449,999|3 bd|2.0 ba|House
$425,000|3 bd|2.0 ba|House
$810,000|5 bd|3.5 ba|House
$444,995|4 bd|2.5 ba|House
$509,995|4 bd|2.5 ba|House
$409,000|4 bd|2.5 ba|House
$469,000|2 bd|2.0 ba|House