Attention all investors! Located in Central Salem and zoned RM2. Featuring 2 bedrooms and 1 bath. The RM2 zoning of this property opens doors to an intriguing prospect for future development. Subject to adherence to city regulations, it may potentially accommodate a multi-unit residential project. "Sold As-Is". Easy access to I-5, restaurants, and shopping. Seller related to Listing Agent.
Sold for $250,000
Listed by: Smi Real Estate • ERNESTO ESPINOZA • Contact: 971-240-0448
Bought with: Jmg Jason Mitchell Group
$250,000
1018 Park Ave NE, Salem, OR 97301
2beds
810sqft
Single Family Residence
Built in 1947
5,663 Square Feet Lot
$284,100 Zestimate®
$309/sqft
$1,821 Estimated rent
Home value
$284,100
$267,000 - $298,000
$1,821/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
ERNESTO ESPINOZA Cell:971-240-0448,
Smi Real Estate
Bought with:
OVIDIO MORAN
Jmg Jason Mitchell Group
Source: WVMLS,MLS#: 813190
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
Dining room
- Features: Formal
Kitchen
- Level: Main
Living room
- Level: Main
Appliances
- Included: Electric Range
Features
- Has fireplace: No
Interior area
- Total structure area: 810
- Total interior livable area: 810 sqft
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Levels: One
- Stories: 1
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,663 Square Feet
- Features: Common Area, Landscaped
Details
- Additional structures: RV/Boat Storage
- Parcel number: 527223
- Zoning: RM2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Lap Siding
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $309/sqft
- Tax assessed value: $251,380
- Annual tax amount: $1,696
- Price range: $250K - $250K
- Date on market: 2/8/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Rehab Loan
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2024 | Sold | $250,000+0%$309/sqft |
Source:  WVMLS #813190 Report a problem | ||
| 2/12/2024 | Contingent | $249,995$309/sqft |
Source: WVMLS #813190 Report a problem | ||
| 2/8/2024 | Listed for sale | $249,995-16.7%$309/sqft |
Source: WVMLS #813190 Report a problem | ||
| 2/7/2024 | Listing removed | $299,995$370/sqft |
Source: WVMLS #811941 Report a problem | ||
| 12/26/2023 | Listed for sale | $299,995+215.8%$370/sqft |
Source: WVMLS #811941 Report a problem | ||
| 8/3/2015 | Sold | $95,000$117/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,884 +7.8% | $91,690 +3% |
| 2024 | $1,748 +3% | $89,020 +6.1% |
| 2023 | $1,696 +2.9% | $83,920 |
| 2022 | $1,649 +2.9% | $83,920 +3% |
| 2021 | $1,602 +3% | $81,480 +6.1% |
| 2020 | $1,555 +3.6% | $76,810 |
| 2019 | $1,501 +1.3% | -- |
| 2018 | $1,482 | -- |
| 2017 | $1,482 +16.3% | -- |
| 2016 | $1,274 | -- |
| 2015 | $1,274 +2.5% | -- |
| 2014 | $1,242 +4.6% | -- |
| 2013 | $1,188 | -- |
| 2012 | $1,188 +4.5% | -- |
| 2011 | $1,136 +4.2% | $60,670 +6.1% |
| 2010 | $1,090 +1.1% | $57,200 |
| 2009 | $1,078 +6% | $57,200 +3% |
| 2008 | $1,017 +3.3% | $55,540 |
| 2007 | $985 +1.7% | -- |
| 2006 | $969 +2% | -- |
| 2005 | $950 -0.4% | -- |
| 2004 | $954 +4.8% | -- |
| 2003 | $910 +2.5% | -- |
| 2002 | $888 +3.1% | -- |
| 2001 | $861 +3.2% | -- |
| 2000 | $835 | -- |
Find assessor info on the county website
Neighborhood: North East Salem
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Nearby schools
GreatSchools rating
- 6/10Hoover Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Parrish Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Hoover
- Middle: Parrish
- High: South Salem
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$284,100
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Estimated market value
$284,100
- Oregon
- Marion County
- Salem
- 97301
- North East Salem
- 1018 Park Ave NE
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