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Listed by GREG MESSICK • REALTYNET • Agent: 503-300-6330

$590,000

Est. payment - /mo

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5 BD

3 BA

2,548 SqFt

Price Dropped by $60K

525 Madrona Av S S Salem, OR 97302

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UPDATED:

12/27/2024 07:19 PM

Key Details

Property Type Single Family Home

Sub Type Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,548 sqft

Price per Sqft $231

Subdivision Ewald Fruit Farms

MLS Listing ID 823264

Bedrooms 5

Full Baths 3

Year Built 1946

Annual Tax Amount $4,848

Tax Year 2024

Lot Size 10,890 Sqft

Acres 0.25

Property Description

MOTIVATED SELLER: DUAL LIVING W/private entry. This multi-generational property offers incredible potential, including the possibility to subdivide and create a buildable lot (buyer to perform due diligence). The updated 5-bedroom, 3-bathroom, nearly 2,600-square-foot home features a main house with two bedrooms on the main floor and a spacious upstairs master suite complete with a large bathroom, ample storage, and an office or bonus room. The updated kitchen boasts beautiful wood and tile floors. Additionally, the property includes an ADU (Accessory Dwelling Unit) with two bedrooms and one bathroom, perfect for rental income or extended family. With plenty of parking space and a detached garage, this property offers flexibility and opportunity for income or multi-generational living.

Location

State OR

County Marion

Area 50 South Salem

Rooms

Other Rooms Office

Dining Room Area (Combination)

Interior

Hot Water Electric

Heating Gas, Electric, Central AC, Forced Air

Cooling Gas, Electric, Central AC, Forced Air

Flooring Carpet, Laminate, Tile, Wood

Exterior

Parking Features Detached

Garage Spaces 1.0

Fence Yes

View Territorial

Roof Type Composition

Garage Yes

Building

Foundation Continuous

New Construction No

Schools

Middle Schools Crossler

High Schools Sprague

Others

Senior Community No

Acceptable Financing Federal VA, Cash, FHA, Conventional

Listing Terms Federal VA, Cash, FHA, Conventional

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Edel Lopez

Broker | License ID: 201224741

+1(503) 800-7006