$250,000
SOLD MAR 5, 2025

401 Madrona Ave SE Unit 1 Salem, OR 97302

Faye Wright Neighborhood
2 Beds
1 Bath
925 Sq Ft
$200/mo HOA Fee

Recently Sold

$270 Per Sq Ft

2 Days on Market

Highlights

  • Seasonal View
  • Dining Room
  • Community Deck or Porch
  • Living Room
  • Family Room
  • Level Lot

About This Home

As of March 2025

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

Last Agent to Sell the Property

Devin Thiele

Sparrow Real Estate, LLC License #201206009

Last Buyer's Agent

Jordan Hill

eXp Realty, LLC License #201226273

eXp Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,498

Year Built

  • Built in 1971

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Lap Siding

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Seasonal Views
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Off-Street Parking
  • Deeded Parking

Schools

  • Salem Hts Elementary School
  • Crossler Middle School
  • Sprague High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 580677

Community Details

Overview

  • 24 Units

Amenities

  • Community Deck or Porch

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,498

Year Built

Built in 1971

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1971
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • CondominiumConciergeYN: No
  • CondominiumDeckAvailYN: Yes
  • CondominiumElevatorYN: No
  • CondominiumStorageAvailYN: No
  • CondominiumUnitsInComplex: 24
  • CondominiumWasherDryer: IncludedInUnit
  • CondominiumYardYN: No
  • Open House: No
  • CondominiumTotalLevels: 2
  • Unit Floor Number: 1
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 1.0
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 2
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: LapSiding
  • View: Yes
  • Lot Features: Level, Seasonal
  • Road Surface Type: Concrete, Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • View: Seasonal

Garage/Parking

  • Parking Description: Deeded, OffStreet
  • Attached Garage: No
  • CondominiumGarageType: Deeded
  • CondominiumParkingTandemYN: No
  • CondominiumParkingTax: 0.00

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Unit Location: GroundFloor
  • Senior Community: No
  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • CondominiumAssociationContact: TBD
  • CondominiumAssociationEmail: TBD
  • CondominiumAssociationName: TBD
  • CondominiumAssociationPhone: 000-000-0000
  • CondominiumAssociationURLYN: Yes

Schools

  • Elementary School: Salem Hts
  • High School: Sprague
  • Middle Or Junior School: Crossler

Lot Info

  • Land Lease: No
  • Parcel #: 580677

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 1497.91

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2025 03/05/25 Sold $250,000 0.0% $270 / Sq Ft
02/01/2025 02/01/25 Pending -- -- --
01/30/2025 01/30/25 For Sale $250,000 -- $270 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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
2024 $1,498 $76,290 -- $76,290
2023 $1,454 $74,070 $0 $74,070
2022 $1,371 $71,920 $0 $0
2021 $1,332 $69,830 $0 $0
2020 $1,333 $67,800 $0 $0
2019 $1,248 $65,830 $0 $0
2018 $1,270 $0 $0 $0
2017 $1,146 $0 $0 $0
2016 $1,088 $0 $0 $0
2015 $1,078 $0 $0 $0
2014 $1,021 $0 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,000 New Conventional
Previous Owner $126,100 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $250,000 Fidelity National Title
Warranty Deed $130,000 Ticor Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 153669273

Regional Multiple Listing Service (RMLS)

APN: 580677