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1508 Madras St; Salem, OR Property Details

1508 Madras St, Salem, OR is a Condominium that was built in 1978. This property is currently Cash Purchase,Intra-Family and is not for sale. Our records show that 1508 Madras St has 2 bedrooms, and 1 bathroom, and a total of 952 square feet. The lot size of 1508 Madras St is 1,296 square feet.

Off market
1508 Madras St SE Salem, OR 97306
$75,000 Listing Price
2 Beds
1 Baths
952 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1978
  • Purchase Price: $75,000
  • Est. Equity / %: $305,000 / 100%
  • Gross Yield: 8.27%
  • APN: 575839
  • Situs County: Marion
  • Length Of Ownership: 12 years, 8 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1

Structure

  • Stories: 1
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle
  • Patio Type: Patio

Measurements

  • Total: 952/SqFt
  • Lot: 1,296/SqFt
  • Gross: 1,286/SqFt
  • Garage: 334/SqFt
  • Living: 952/SqFt
  • Building: 1,286/SqFt
  • Ground: 952/SqFt
  • Garage Finished: 334/SqFt
  • Price Per Square Foot: $78.78

Legal Description

  • Description: GREENSIDE VILLAGE - A CONDOMINIUM (AMEND) LOT 17
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Salem-Keizer School District 24J
  • Lat / Lon: 44.86473 / -123.02611
  • Subdivision: Greenside Village - A Condominium (Amend
  • Property Class: Residential
  • Zoning: RM2
  • County Use Code: 102

Amenities

  • Plus Four: 1395
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 1

HOA

  • H O A One: $367
  • H O A Amount: $367
  • H O A One Frequency: Monthly
  • H O A One Name: Greenside Village - A Condominium Association
  • H O A One Type: Condo Owner Association

Ownership Info

1508 Madras St SE has no associated ownership info
1508 Madras St SE has no associated ownership info.

Taxes

1508 Madras St SE has 8 associated Taxes items

1508 Madras St, Salem, OR pays taxes in Marion County, OR. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $143,620. The APN we've located for 1508 Madras St is 575839.

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Taxes
  • Assessed Value:  $143,620
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  575839
  • Tax Amount:  2737.81
  • Tax Year:  2024
  • Market Value:  334650
  • Market Year:  2025

Tax History

1508 Madras St SE has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $143,620 Land Value Improvement Value $143,620 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $139,440 Land Value Improvement Value $139,440 Tax Amount $2,737.81 Change Rate +0.030375% Assessed CR Tax Rate +0.019634%
Year 2023 Assessed Value $135,380 Land Value Improvement Value $135,380 Tax Amount $2,657.1 Change Rate +0.028771% Assessed CR Tax Rate +0.019627%
Year 2022 Assessed Value $131,440 Land Value Improvement Value Tax Amount $2,582.79 Change Rate Assessed CR Tax Rate +0.01965%
Year 2021 Assessed Value $127,620 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2020 Assessed Value $123,910 Land Value Improvement Value Tax Amount $2,436.1 Change Rate +0.036387% Assessed CR Tax Rate +0.01966%
Year 2019 Assessed Value $120,310 Land Value Improvement Value Tax Amount $2,350.57 Change Rate +0.01298% Assessed CR Tax Rate +0.019538%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $2,320.45 Change Rate +0.107968% Assessed CR Tax Rate
Year 2017 Assessed Value Land Value Improvement Value Tax Amount $2,094.33 Change Rate +0.100339% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $1,903.35 Change Rate +0.080473% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,761.59 Change Rate +0.032561% Assessed CR Tax Rate
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $1,706.04 Change Rate Assessed CR Tax Rate