1516 Madras St
Salem, OR 97306
2 bd 1 ba 952 sqft Built 1978 condos
Most recent sale
$287,500
Aug 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 12, 2022 | Sold | $287,500 | MLS #22021270 |
| Jul 13, 2022 | Listed | $275,000 | MLS #22021270 |
| Jul 23, 2004 | Sold | $120,000 | Public Record |
| Sep 17, 2003 | Sold | $101,250 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $120,770 | $2,303 |
| 2019 | — | — | $117,260 | $2,222 |
| 2018 | — | — | $113,850 | $2,262 |
| 2017 | — | — | $110,540 | $2,041 |
| 2016 | $107,330 | — | $107,330 | $1,888 |
| 2015 | $95,710 | — | $95,710 | $1,748 |
| 2014 | — | — | $94,500 | $1,706 |
| 2013 | — | — | $83,600 | $1,526 |
| 2012 | — | — | $81,700 | $1,495 |
| 2011 | — | — | $95,000 | $2,025 |
| 2010 | — | — | $105,000 | $1,943 |
| 2009 | — | — | $101,950 | $1,813 |
| 2008 | — | — | $98,990 | $1,813 |
Property facts
Year built
1978
Property type
condos
Stories
1
Beds
2
Baths
1
Living area
952 sqft
Lot size
—
ZIP code
97306
City
Salem
Street
Madras St
Coordinates
44.86470, -123.02650
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,904
Gross rental yield
7.95%
Implied cap rate
5.17%
Trend-extrapolated value
—
Frequently asked questions
When did 1516 Madras St last sell?
1516 Madras St most recently sold on Aug 12, 2022 for $287,500.
What is the current tax assessment for 1516 Madras St?
The most recent total assessment for 1516 Madras St (year 2020) is $120,770 with $2,303 in property tax.
How does 1516 Madras St's assessment compare to its last sale price?
The current assessment is 58.0% below the last sale price of $287,500.
When was 1516 Madras St built?
1516 Madras St was built in 1978.
How does 1516 Madras St compare to others on Madras St?
We track 8 other properties on Madras St. Browse the list under "Other properties on Madras St" to compare beds, baths, and sale history.
What are the property facts for 1516 Madras St?
1516 Madras St is a 2 bed, 1 bath, 952 sqft condos.
Is 1516 Madras St a flip candidate?
No — 1516 Madras St does not appear in our flips dataset.
Is 1516 Madras St a tax-appeal candidate?
No — 1516 Madras St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.1%
Implied 1-yr
-0.5%
2026 Q3
$550.7K
2026 Q4
$549.9K
ZIP 97306 — Median Price History + Forecast
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