Welcome to this charming cottage in a well-established NE Salem neighborhood. Just minutes to I5, Willamette Town Center, and Willamette University, this well-maintained home is the perfectstarter or investment. A classic 1921 cottage front with a raised front lawn gives off a pleasant curb appeal that leads to an oversized driveway and a fully fenced backyard. As you enter the home, well-kept laminate floors and *brand new carpets* set the stage for a convenient layout and functional space. The galley kitchen offers ample space for cooking and meal prepping. Three bedrooms and two full bathrooms ensure that there is plenty of room for everyone. Underneath the home, the vapor barrier has been replaced (2024) and inside, there is a new furnace (2023) and water heater (2023) ensuring that the mechanics of the home have been well-kept. The backyard features ample space for activities and gatherings, while also offering a large shed for tools and equipment. To top it all off, the seller has a 3.75% assumable FHA loan available for qualified buyers. The seller is motivated and open to all offers so come see it before someone else buys it!
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: 9/20/2024, 10:20:53 PM 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.
$1,889
Per Month
Principal & Interest
$1,822
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
$1,161
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
Richmond Elementary School
466 Richmond Ave SE
Distance between this listing and this school0.46 miles
Public District Grades KG-5
Middle School
5
/10
Leslie Middle School
3850 Pringle Rd SE
Distance between this listing and this school2.55 miles
Public District Grades 6-8
High School
7
/10
South Salem High School
1910 Church St SE
Distance between this listing and this school1.72 miles
Public District Grades 9-12
Assigned Schools
5
/10
Richmond Elementary School
466 Richmond Ave SE
Distance between this listing and this school0.46 miles
Public District Grades KG-5
Nearby Schools
4
/10
Englewood Elementary School
1132 19th St NE
Distance between this listing and this school0.66 miles
Public District Grades KG-5
5
/10
Bush Elementary School
410 14th St SE
Distance between this listing and this school0.74 miles
Public District Grades KG-5
Assigned Schools
5
/10
Leslie Middle School
3850 Pringle Rd SE
Distance between this listing and this school2.55 miles
Public District Grades 6-8
Nearby Schools
4
/10
Parrish Middle School
802 Capitol St NE
Distance between this listing and this school0.91 miles
Public District Grades 6-8
8
/10
Howard Street Charter
710 Howard St SE
Distance between this listing and this school1.68 miles
Public Charter Grades 6-8
Assigned Schools
7
/10
South Salem High School
1910 Church St SE
Distance between this listing and this school1.72 miles
Public District Grades 9-12
Nearby Schools
4
/10
North Salem High School
765 14th St NE
Distance between this listing and this school0.76 miles
Public District Grades 9-12
2
/10
Roberts High School
3620 State St
Distance between this listing and this school1.23 miles
The neighbors living near this home have an average income of $39,583. Residents of Salem, OR typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 386 23rd St
What is the listing price of this property?
The listing price of 386 23rd St property is $365,000.
What type of property is this?
The property 386 23rd St is a house located in Salem, Oregon, 97301.
Is this property for sale now?
Active Listing: 386 23rd St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 386 23rd St are: Richmond Elementary School: GreatSchools Rating 5/10Leslie Middle School: GreatSchools Rating 5/10South Salem High School: GreatSchools Rating 7/10
How many bedrooms and bathrooms does this property have?
The property at 386 23rd St has 3 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 386 23rd St is 1,173 SqFt (source: MLS/tax record).
This home is located at 386 23rd St in Salem, OR and zip code 97301 in the Northeast Neighbors neighborhood. This 1,173 square foot home, which was built in 1921, sits on a 0.11 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $365,000.
While more than 32 listings in Salem, OR in August 2024 were sold above asking price, there were more than 29 listings sold at asking price, and more than 24 were sold below. The number of listings in Salem, OR increased by 0.5% between July 2024 and August 2024. In August 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $435,982.
From Rocket Homes Real Estate and based on county public records data.