1516 Ruge St
Salem, OR 97304
2 bd 1 ba 881 sqft Built 1940 Lot 5,000 sqft single_family
Most recent sale
$177,000
Sep 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 30, 2022 | Sold | $177,000 | MLS #22074274 |
| Sep 10, 2022 | Price changed | $179,900 | MLS #22074274 |
| Sep 9, 2022 | Price changed | $179,900 | MLS #796418 |
| Aug 26, 2022 | Price changed | $189,900 | MLS #796418 |
| Aug 8, 2022 | Listed | $199,900 | MLS #22074274 |
| Feb 28, 2022 | Relisted | $169,000 | MLS #220131214 |
| Jan 27, 2022 | Price changed | $169,000 | MLS #220131214 |
| Nov 1, 2021 | Price changed | $174,900 | MLS #220131214 |
| Sep 27, 2021 | Price changed | $184,500 | MLS #220131214 |
| Sep 7, 2021 | Listed | $185,500 | MLS #220131214 |
| Sep 22, 2003 | Sold | $65,000 | Public Record |
| Jan 1, 2003 | Sold | $65,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $71,300 | $36,760 | $108,060 | $2,134 |
| 2023 | $67,220 | $34,650 | $101,870 | $1,919 |
| 2022 | $59,830 | $33,640 | $93,470 | $1,756 |
| 2021 | $58,090 | $32,660 | $90,750 | $1,706 |
| 2020 | $56,400 | $31,710 | $88,110 | $1,656 |
| 2019 | $54,770 | $30,780 | $85,550 | $1,598 |
| 2018 | $53,170 | $29,890 | $83,060 | $1,571 |
| 2017 | $51,630 | $29,020 | $80,650 | $1,416 |
| 2016 | $50,140 | $28,170 | $78,310 | $1,383 |
| 2015 | $48,680 | $27,350 | $76,030 | $1,394 |
| 2014 | $47,270 | $26,550 | $73,820 | $1,332 |
| 2013 | $45,890 | $25,780 | $71,670 | $1,306 |
| 2012 | $44,560 | $25,030 | $69,590 | $1,274 |
| 2011 | $43,270 | $24,300 | $67,570 | $1,219 |
| 2010 | $42,010 | $23,600 | $65,610 | $1,168 |
| 2009 | $40,790 | $22,910 | $63,700 | $1,151 |
| 2008 | $39,610 | $22,240 | $61,850 | $1,086 |
| 2007 | $38,450 | $21,600 | $60,050 | $1,059 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
881 sqft
Lot size
5,000 sqft
ZIP code
97304
City
Salem
Street
Ruge St
Coordinates
44.94238, -123.06521
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,762
Gross rental yield
11.95%
Implied cap rate
7.76%
Trend-extrapolated value
—
Frequently asked questions
When did 1516 Ruge St last sell?
1516 Ruge St most recently sold on Sep 30, 2022 for $177,000.
What is the current tax assessment for 1516 Ruge St?
The most recent total assessment for 1516 Ruge St (year 2025) is $108,060 with $2,134 in property tax.
How does 1516 Ruge St's assessment compare to its last sale price?
The current assessment is 38.9% below the last sale price of $177,000.
When was 1516 Ruge St built?
1516 Ruge St was built in 1940.
How does 1516 Ruge St compare to others on Ruge St?
We track 8 other properties on Ruge St. Browse the list under "Other properties on Ruge St" to compare beds, baths, and sale history.
What are the property facts for 1516 Ruge St?
1516 Ruge St is a 2 bed, 1 bath, 881 sqft, 5,000 sqft lot single_family.
Is 1516 Ruge St a flip candidate?
No — 1516 Ruge St does not appear in our flips dataset.
Is 1516 Ruge St a tax-appeal candidate?
No — 1516 Ruge 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
+0.9%
Implied 1-yr
+3.5%
2026 Q3
$567.6K
2026 Q4
$572.3K
ZIP 97304 — Median Price History + Forecast
Explore nearby
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