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245 Luther St; Salem, OR Property Details

245 Luther St, Salem, OR is a Single Family that was built in 1930. This property is currently Financed and is not for sale. Our records show that 245 Luther St has 1 bedroom, and 1 bathroom, and a total of 1,692 square feet. The lot size of 245 Luther St is 4,792 square feet.

Off market
245 Luther St S Salem, OR 97302
$389,000 Listing Price
1 Beds
1 Baths
1,692 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 1930
  • Purchase Price: $389,000
  • Open Loans / Balance: 1 / $271,670
  • Est. Equity / %: $222,330 / 45.01%
  • Gross Yield: 6.078%
  • APN: 573313
  • Situs County: Marion
  • Length Of Ownership: 6 years, 2 months

Rooms

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

Structure

  • Stories: 2
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 1,692/SqFt
  • Lot: 4,792/SqFt
  • Gross: 2,508/SqFt
  • Living: 1,692/SqFt
  • Basement: 816/SqFt
  • Building: 2,508/SqFt
  • Ground: 1,212/SqFt
  • Price Per Square Foot: $229.91

Legal Description

  • Description: FAIR MOUNT PARK ADDITION TO SALEM BLOCK 7 LOT 5 ACRES .11
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Salem-Keizer School District 24J
  • Lat / Lon: 44.92246 / -123.04669
  • Subdivision: Fair Mount Park Addition To Salem
  • Property Class: Residential
  • Zoning: RS
  • County Use Code: 101

Amenities

  • Plus Four: 5216
  • Fireplaces: 1
  • Heating: Heat Pump

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

245 Luther St S has no associated ownership info
245 Luther St S has no associated ownership info.

Taxes

245 Luther St S has 9 associated Taxes items

245 Luther 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 $249,560. The APN we've located for 245 Luther St is 573313.

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Taxes
  • Assessed Value:  $249,560
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  573313
  • Market Land Value:  123000
  • Tax Amount:  4757.4
  • Tax Year:  2024
  • Market Value:  442630
  • Market Year:  2025

Tax History

245 Luther St S has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $249,560 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $242,300 Land Value Improvement Value Tax Amount $4,757.4 Change Rate +0.030362% Assessed CR Tax Rate +0.019634%
Year 2023 Assessed Value $235,250 Land Value Improvement Value Tax Amount $4,617.21 Change Rate +0.028779% Assessed CR Tax Rate +0.019627%
Year 2022 Assessed Value $228,400 Land Value Improvement Value Tax Amount $4,488.05 Change Rate +0.029416% Assessed CR Tax Rate +0.01965%
Year 2021 Assessed Value $221,750 Land Value Improvement Value Tax Amount $4,359.8 Change Rate +0.072648% Assessed CR Tax Rate +0.019661%
Year 2020 Assessed Value $206,740 Land Value Improvement Value Tax Amount $4,064.52 Change Rate +0.036455% Assessed CR Tax Rate +0.01966%
Year 2019 Assessed Value $200,720 Land Value Improvement Value Tax Amount $3,921.56 Change Rate +0.012972% Assessed CR Tax Rate +0.019537%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $3,871.34 Change Rate +0.107955% Assessed CR Tax Rate
Year 2017 Assessed Value Land Value Improvement Value Tax Amount $3,494.13 Change Rate +0.049872% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $3,328.15 Change Rate -0.007459% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $3,353.16 Change Rate +0.033303% Assessed CR Tax Rate
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $3,245.09 Change Rate Assessed CR Tax Rate