WOW - THAT IS PRICED RIGHT!!!! Do you want multiple SHOP SPACES? How about the idea of an ADU? If you are seeking ample room for business endeavors or to keep your collections covered? This meticulously maintained property rivals new construction, nestled on nearly 1/4ac lot with a plethora of amenities. Cherished & upgraded by its skilled owner. Every improvement surpasses standard building codes. (premium products, steel fencing & shop construction, new insulation, kit/bath cabinets w/granite counters, newer HVAC/AC, secure RV parking, fresh int/ext paint, new LVP flooring, soak tub & etc etc etc) Conveniently located near top-tier schools, shopping, public transit, & all other services.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/3/2024, 6:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,456
Per Month
Principal & Interest
$2,389
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,501
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Morningside Elementary School
3513 12th St SE
Distance between this listing and this school0.15 miles
Public District Grades KG-5
Middle School
3
/10
Leslie Middle School
3850 Pringle Rd SE
Distance between this listing and this school0.65 miles
Public District Grades 6-8
High School
6
/10
South Salem High School
1910 Church St SE
Distance between this listing and this school1.19 miles
Public District Grades 9-12
Assigned Schools
5
/10
Morningside Elementary School
3513 12th St SE
Distance between this listing and this school0.15 miles
Public District Grades KG-5
Nearby Schools
4
/10
Salem Heights Elementary School
3495 Liberty Rd S
Distance between this listing and this school0.78 miles
Public District Grades KG-5
9
/10
Wright Elementary School
4060 Lone Oak Rd SE
Distance between this listing and this school0.87 miles
Public District Grades KG-5
Assigned Schools
3
/10
Leslie Middle School
3850 Pringle Rd SE
Distance between this listing and this school0.65 miles
Public District Grades 6-8
Nearby Schools
8
/10
Howard Street Charter
710 Howard St SE
Distance between this listing and this school1.20 miles
Public Charter Grades 6-8
6
/10
Judson Middle School
4512 Jones Rd SE
Distance between this listing and this school1.22 miles
Public District Grades 6-8
Assigned Schools
6
/10
South Salem High School
1910 Church St SE
Distance between this listing and this school1.19 miles
Public District Grades 9-12
Nearby Schools
7
/10
Sprague High School
2373 Kuebler Rd S
Distance between this listing and this school2.47 miles
Public District Grades 9-12
4
/10
North Salem High School
765 14th St NE
Distance between this listing and this school2.73 miles
The neighbors living near this home have an average income of $52,064. Residents of Salem, OR typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 971 Madrona Ave
What is the listing price of this property?
The listing price of 971 Madrona Ave property is $478,500.
What type of property is this?
The property 971 Madrona Ave is a house located in Salem, Oregon, 97302.
Is this property for sale now?
Active Listing: 971 Madrona Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 971 Madrona Ave are: Morningside Elementary School: GreatSchools Rating 5/10Leslie Middle School: GreatSchools Rating 3/10South Salem High School: GreatSchools Rating 6/10
How many bedrooms and bathrooms does this property have?
The property at 971 Madrona Ave has 3 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 971 Madrona Ave is 1,396 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 971 Madrona Ave is 1967.
This home is located at 971 Madrona Ave in Salem, OR and zip code 97302 in the Morningside neighborhood. This 1,396 square foot home, which was built in 1967, sits on a 0.24 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $478,500.
Over 23 listings were sold over their listed price in April 2024 in Salem, OR. In the same period over 20 listings were sold below the listed price and 36 listings were sold for the listed price. The number of listings in Salem, OR increased by 0.6% between March 2024 and April 2024. The median list price of listings available in April 2024 was $434,998, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.