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Sold for $250,000
    • Listed by: Sparrow Real Estate, Llc • DEVIN THIELE • 541-646-8894
    Bought with: Exp Realty, Llc
    $250,000

    401 Madrona Ave SE APT 1, Salem, OR 97302

    2beds
    925sqft
    Condominium
    Built in 1971
    -- sqft lot
    $246,800 Zestimate®
    $270/sqft
    $1,618 Estimated rent

    Home value

    $246,800

    $230,000 - $264,000

    $1,618/mo

    Zestimate® history
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    $1,804/mo

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    What's special

    Modern flooringFresh paintUpdated bathroomAssigned parkingAmple closet spaceIn-unit laundry
    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

    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#: 825056MLS Logo

    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 Square Feet
    • 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 & HOA

    Community
    • Subdivision: Las Maderas (condo)
    HOA
    • Has HOA: Yes
    • HOA fee: $200 monthly
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $270/sqft
    • Tax assessed value: $203,630
    • Annual tax amount: $1,497
    • Price range: $250K - $250K
    • Date on market: 1/31/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Inclusions: Fridge, Microwave

    Price history

    DateEventPrice
    3/5/2025Sold$250,000$270/sqft
    Source: WVMLS #825056 Report a problem
    2/2/2025Pending sale$250,000$270/sqft
    Source: WVMLS #825056 Report a problem
    1/31/2025Listed for sale$250,000+100%$270/sqft
    Source: WVMLS #825056 Report a problem
    12/11/2020Sold$125,000$135/sqft
    Source: RMLS (OR) #20276971 Report a problem

    Public tax history

    YearProperty taxesTax 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 homes

    Nearby schools

    GreatSchools rating
    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
    $246,800
    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
    $246,800

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