Taxes
- Assessed Value: $401,240
- Assessed Year: 2025
- Assessed County: Marion
- APN: 565220
- Market Land Value: 165000
- Tax Amount: 7648.76
- Tax Year: 2024
- Market Value: 598890
- Market Year: 2025
488 Welcome Ct; Salem, OR Property Details
Off market
488 Welcome Ct SE Salem, OR 97302
$401,240 Estimated Value
3 Beds
3.5 Baths
2,737 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1962
- Purchase Price: $282,000
- Est. Equity / %: $612,000 / 100%
- Gross Yield: 6.51%
- APN: 565220
- Situs County: Marion
- Length Of Ownership: 21 years, 3 months
Rooms
- Bedrooms: 3
- Bathrooms: 3.5
- Full Bathrooms: 3
- Total Rooms: 6
- Partial Bathrooms: 1
Structure
- Stories: 1
- Roof Type: Gable
- Roof Cover Type: Composition Shingle
Measurements
- Total: 2,737/SqFt
- Lot: 13,939/SqFt
- Gross: 3,309/SqFt
- Garage: 572/SqFt
- Living: 2,737/SqFt
- Building: 3,309/SqFt
- Ground: 2,737/SqFt
- Garage Finished: 572/SqFt
- Price Per Square Foot: $103.03
Legal Description
- Description: ALDER BROOK MANOR IN SALEM BLOCK 2 LOT 3 ACRES .32
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: 44.89413 / -123.04476
- Subdivision: Alder Brook Manor In Salem
- Property Class: Residential
- Zoning: RS
- County Use Code: 101
Amenities
- Plus Four: 3930
- Cooling: Central
- Fireplaces: 1
- Garage: Attached Garage
- Heating: Forced air unit
- Parking: 2
HOA
- H O A One Type: Planned Unit Development
Ownership Info
488 Welcome Ct SE has no associated ownership info
488 Welcome Ct SE has no associated ownership info.
Taxes
488 Welcome Ct SE has 9 associated Taxes items
488 Welcome Ct, 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 $401,240. The APN we've located for 488 Welcome Ct is 565220.
Unlock the full reportTax History
488 Welcome Ct SE has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $401,240 | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $389,560 | Land Value | Improvement Value | Tax Amount $7,648.76 | Change Rate +0.030372% | Assessed CR | Tax Rate +0.019634% |
| Year 2023 | Assessed Value $378,220 | Land Value | Improvement Value | Tax Amount $7,423.3 | Change Rate +0.028779% | Assessed CR | Tax Rate +0.019627% |
| Year 2022 | Assessed Value $367,210 | Land Value | Improvement Value | Tax Amount $7,215.64 | Change Rate +0.02941% | Assessed CR | Tax Rate +0.01965% |
| Year 2021 | Assessed Value $356,520 | Land Value | Improvement Value | Tax Amount $7,009.49 | Change Rate +0.03003% | Assessed CR | Tax Rate +0.019661% |
| Year 2020 | Assessed Value $346,140 | Land Value | Improvement Value | Tax Amount $6,805.13 | Change Rate +0.036456% | Assessed CR | Tax Rate +0.01966% |
| Year 2019 | Assessed Value $336,060 | Land Value | Improvement Value | Tax Amount $6,565.77 | Change Rate +0.012981% | Assessed CR | Tax Rate +0.019537% |
| Year 2018 | Assessed Value | Land Value | Improvement Value | Tax Amount $6,481.63 | Change Rate +0.107979% | Assessed CR | Tax Rate |
| Year 2017 | Assessed Value | Land Value | Improvement Value | Tax Amount $5,849.96 | Change Rate +0.049864% | Assessed CR | Tax Rate |
| Year 2016 | Assessed Value | Land Value | Improvement Value | Tax Amount $5,572.11 | Change Rate -0.00749% | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value | Land Value | Improvement Value | Tax Amount $5,614.16 | Change Rate +0.058283% | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value | Land Value | Improvement Value | Tax Amount $5,304.97 | Change Rate | Assessed CR | Tax Rate |