$1,460,000

2540 Michigan City Ln NW Salem, OR 97304

West Salem Neighborhood

Estimated payment $8,577/month

Total Views 8,099
4 Beds
2.5 Baths
2,873 Sq Ft
$508 Price per Sq Ft

Highlights

  • Barn
  • 4.8 Acre Lot
  • Family Room with Fireplace
  • RV Access or Parking
  • Mountain View
  • First Floor Utility Room

About This Home

Outstanding Residential Development Opportunity located adjacent to the newly developed Misty Meadows development. The sale includes an assemblage of two separate tax parcels (R400792-2.80ac bare land/R267146-2.80ac. residence, shop & barn). Residence is +/- 2,873/SF and Shop is +/- 1920/SF. The property does have the potential to develop rental income while going through the approval process. PLEASE DO NOT DISTURB OWNER. See addt'l details attached. Buyer responsible for completing due-diligence. Sold in AS-IS-WHERE-IS condition

Listing Agent

Shadya Jones

COLDWELL BNKR/COMMERCIAL DIV License #200712161

COLDWELL BNKR/COMMERCIAL DIV

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,137

Year Built

  • Built in 1980

Lot Details

  • 4.8 Acre Lot
  • Partially Fenced Property
  • Property is zoned SR

Property Views

  • Mountain
  • Territorial

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,873 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • First Floor Utility Room

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Outdoor Features

  • Patio
  • Shed
  • Shop

Schools

  • Brush College Elementary School
  • Straub Middle School
  • West Salem High School

Farming

  • Barn

Utilities

  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic System
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 2900/3000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,137

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Range Facility: Electric
  • Syndicated Remarks: Outstanding Residential Development Opportunity located adjacent to the newly developed Misty Meadows development. The sale includes an assemblage of two separate tax parcels (R400792-2.80ac bare land/R267146-2.80ac. residence, shop & barn). Residence is +/- 2,873/SF and Shop is +/- 1920/SF. The property does have the potential to develop rental income while going through the approval process. PLEASE DO NOT DISTURB OWNER. See addt'l details attached. Buyer responsible for completing due-diligence. Sold in AS-IS-WHERE-IS condition
  • Cross Street: Wallace Rd NW
  • Year Built: 1980
  • Home Style2: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Fireplace: Family Room
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 2.5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Number of Main Level Bathrooms: .5
  • Bedrooms: 4
  • Master Bedroom: On Level: 2/Upper
  • Bedroom 2: On Level: 2/Upper
  • Bedroom 3: On Level: 2/Upper
  • Bedroom 4: On Level: 2/Upper
  • Dining Room: 1/Main, On Level: 1/Main
  • Family Room: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Price Per Sq Ft: 508.18
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 508.18

Exterior Features

  • Patio: Patio
  • Fenced Yard: Partial
  • Foundation: Slab
  • Out Buildings: Barn, Shed, Separate Shop
  • Roof: Composition
  • View: Mountain, Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Heat Pump
  • High Speed Comm Access: Present
  • Septic: Standard
  • Water: Well
  • Water Heater: Electric

Schools

  • Elementary School: Brush College
  • Middle School: Straub
  • High School: West Salem

Lot Info

  • Acres: 4.8
  • Flood Plain: Unknown
  • Lot: 2900/3000
  • Price Per Acre: 304166.67
  • Rv Amenities: Area/Room For
  • Zoning: SR
  • Geo Subdivision: OR

Tax Info

  • Tax Account Number: 400792

MLS Schools

  • HighSchool: West Salem
  • Middle School: Straub
  • Elementary School: Brush College

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,137 $417,822 $113,572 $304,250
2024 $5,137 $405,656 $110,256 $295,400
2023 $5,013 $386,141 $107,041 $279,100
2022 $4,768 $374,897 $103,927 $270,970
2021 $4,644 $363,984 $100,904 $263,080
2020 $4,516 $353,392 $97,962 $255,430
2019 $4,354 $343,101 $95,111 $247,990
2018 $4,270 $333,111 $92,341 $240,770
2017 $3,749 $323,412 $89,652 $233,760
2016 $3,674 $313,994 $87,034 $226,960
2015 $3,760 $304,856 $84,506 $220,350
2014 $3,488 $295,980 $82,050 $213,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2025 01/22/25 For Sale $1,460,000 -- $508 / Sq Ft
Source: Willamette Valley MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $64,000 New Conventional
Source: Public Records

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Source: Willamette Valley MLS

MLS Number: 824682

Willamette Valley MLS

APN: 400792