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
Sold for $250,000
Listed by: Sparrow Real Estate, Llc
Bought with: Exp Realty, Llc
$250,000
401 Madrona Ave SE APT 1, Salem, OR 97302
2beds
925sqft
Condominium
Built in 1971
-- sqft lot
$248,200 Zestimate®
$270/sqft
$1,468 Estimated rent
Home value
$248,200
$228,000 - $271,000
$1,468/mo
Zestimate® history
Owner options
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$1,810/mo
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$1,810/mo
Est. payment
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List your homeWhat's special
Modern flooringFresh paintUpdated bathroomAssigned parkingAmple closet spaceIn-unit laundry
Zillow last checked:
Listing updated:
Listed by:
DEVIN THIELE 541-646-8894,
Sparrow Real Estate, Llc
Bought with:
JORDAN and MIKE HILL
Exp Realty, Llc
Source: WVMLS,MLS#: 825056
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Features: Area (Combination)
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Electric
Appliances
- Included: Electric Range, Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 925
- Total interior livable area: 925 sqft
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Stories: 1
- Fencing: Partial
- Has view: Yes
- View description: Territorial
Lot
- Size: 435.60 sqft
- Features: Irregular Lot, Landscaped
Details
- Parcel number: 580677
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Cedar, Wood Siding, Lap Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Salem
- Subdivision: Las Maderas (condo)
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $200 monthly
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $250K - $250K
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2025 | Sold | $250,000$270/sqft |
Source:  WVMLS #825056 Report a problem | ||
| 2/2/2025 | Pending sale | $250,000$270/sqft |
Source: WVMLS #825056 Report a problem | ||
| 1/31/2025 | Listed for sale | $250,000+100%$270/sqft |
Source: WVMLS #825056 Report a problem | ||
| 12/11/2020 | Sold | $125,000$135/sqft |
Source:  RMLS (OR) #20276971 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,614 +7.8% | $78,570 +3% |
| 2024 | $1,498 +3% | $76,290 +6.1% |
| 2023 | $1,454 +2.9% | $71,920 |
| 2022 | $1,413 +2.9% | $71,920 +3% |
| 2021 | $1,373 +3% | $69,830 +6.1% |
| 2020 | $1,333 +3.6% | $65,830 |
| 2019 | $1,286 +1.3% | -- |
| 2018 | $1,270 | -- |
| 2017 | $1,270 +16.7% | -- |
| 2016 | $1,088 | -- |
| 2015 | $1,088 +6.6% | -- |
| 2014 | $1,021 +1% | -- |
| 2013 | $1,011 | -- |
| 2012 | $1,011 -5% | -- |
| 2011 | $1,064 +4.2% | $56,810 +6.1% |
| 2010 | $1,021 +1.1% | $53,560 |
| 2009 | $1,009 +6% | $53,560 +3% |
| 2008 | $952 +3.3% | $52,000 |
| 2007 | $922 +1.7% | -- |
| 2006 | $907 +5.4% | -- |
| 2005 | $861 -1.4% | -- |
| 2004 | $873 +5.4% | -- |
| 2003 | $829 -0.2% | -- |
| 2002 | $831 -4.6% | -- |
| 2001 | $871 +3.2% | -- |
| 2000 | $844 | -- |
Find assessor info on the county website
Neighborhood: Faye Wright
Nearby schools
GreatSchools rating
- 2/10Salem Heights Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Crossler Middle SchoolGrades: 6-8Distance: 2.3 mi
- 6/10Sprague High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Salem Heights
- Middle: Crossler
- High: Sprague
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
$248,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$248,200
- Oregon
- Marion County
- Salem
- 97302
- Faye Wright
- 401 Madrona Ave SE Apartment 1
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