This charming single-level condo offers the perfect blend of comfort and convenience. This 2 bedrooms and 1 full bath home is ideal for those seeking a cozy and manageable living space. Step outside to your private patio, perfect for sipping your morning coffee or unwinding after a long day. Located in a friendly community with easy access to shopping, dining, and local amenities, this condo is a fantastic opportunity for first-time buyers or anyone looking to downsize. HOA $200/mo
Sold for $225,000
Listed by: Sparrow Real Estate, Llc • DEVIN THIELE • Contact: 541-646-8894
Bought with: Reger Homes, Llc
$225,000
405 Madrona Ave SE APT 1, Salem, OR 97302
2beds
925sqft
Condominium
Built in 1971
-- sqft lot
$-- Zestimate®
$243/sqft
$1,468 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,468/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
DEVIN THIELE 541-646-8894,
Sparrow Real Estate, Llc
Bought with:
MEGAN HODGES
Reger Homes, Llc
Source: WVMLS,MLS#: 821341
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
- Area: 144.65
- Dimensions: 10.92 x 13.25
Bedroom 2
- Area: 129.19
- Dimensions: 9.75 x 13.25
Dining room
- Features: Area (Combination)
- Area: 87.67
- Dimensions: 8.42 x 10.42
Kitchen
- Level: Main
- Area: 95.49
- Dimensions: 9.17 x 10.42
Living room
- Level: Main
- Area: 245
- Dimensions: 14 x 17.5
Heating
- Zoned
Appliances
- Included: Dishwasher, Disposal, Electric Range, Range Included, 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
- Patio & porch: Covered Deck
Lot
- Size: 435 Square Feet
Details
- Parcel number: 580689
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Las Madras
HOA
- Has HOA: Yes
- HOA fee: $200 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $243/sqft
- Tax assessed value: $183,970
- Annual tax amount: $1,454
- Price range: $225K - $225K
- Date on market: 9/11/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,VA Loan,FHA,ODVA
- Inclusions: Washer/Dryer, Kitchen Fridge
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/24/2026 | Listed for sale | $235,000+4.4%$254/sqft |
Source: Owner Report a problem | ||
| 11/13/2024 | Sold | $225,000+4.7%$243/sqft |
Source:  WVMLS #821341 Report a problem | ||
| 10/22/2024 | Pending sale | $214,900$232/sqft |
Source: WVMLS #821341 Report a problem | ||
| 10/16/2024 | Price change | $214,900-4.5%$232/sqft |
Source: WVMLS #821341 Report a problem | ||
| 9/28/2024 | Price change | $225,000-4.3%$243/sqft |
Source: WVMLS #821341 Report a problem | ||
| 9/11/2024 | Listed for sale | $235,000+80.8%$254/sqft |
Source: WVMLS #821341 Report a problem | ||
| 3/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/10/2023 | Listed for rent | $1,450$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/15/2020 | Sold | $130,000+130.1%$141/sqft |
Source:  RMLS (OR) #20298685 Report a problem | ||
| 6/28/2004 | Sold | $56,500$61/sqft |
Source: Public Record 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
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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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- Oregon
- Marion County
- Salem
- 97302
- Faye Wright
- 405 Madrona Ave SE Apartment 1
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