$507,494 EMV

2 Beds   2 Baths   3,486 Sq. Ft.   Single-Family
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Aspen Way Ne
Salem, OR 97317

Overview

This Single-Family is located at Aspen Way Ne, Salem, OR 97317. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 2 Beds, 2 Baths , 3,486 sqft of living space.
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Status: Inactive
Listing ID: 59932997
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Learn about Aspen Way Ne in Salem, OR

This single-family property is available as a preforeclosure at Aspen Way Ne. It has 2 bedrooms, 2 bathrooms, and 3,486 square feet of living space. Based on our analysis of the current market conditions in Salem for Aspen Way Ne and comparable listings, the estimated market value is $507,494. If purchased for rental purposes, the monthly rental rate could range between $1,291 and $1,930. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Aspen Way Ne are updated daily along with others in Salem, Oregon.


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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 3,486
  • Lot Size: 2.21 acres
  • Year Built: 1968
  • Day(s) On Site: 63
  • Property Type: Single Family Dwelling
  • Deed Category: NOD

Public Records

  • Bedrooms: 2
  • Baths: 2
  • Full Baths: 2
  • No. of Stories: 1
  • Parking: CARPORT
  • Foundation Type: CONCRETE
  • Heating Type: BASEBOARD
  • Roof Material: COMPOSITION
  • Roof Type: GABLE
  • Land Area Sqft: 96,268
  • Year Built: 1968
  • APN: R23786
  • Property Type: Single Family Residence
  • Living Sqft: 3,208
  • Garage: CARPORT
  •  

Preforeclosure

The property located at Aspen Way Ne in Salem, OR is listed as a Preforeclosure

The process of preforelcosure with properties like Aspen Way Ne in Salem, Oregon begin when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Rental Value

The estimated rental value for Aspen Way Ne located in Salem, OR is $1,610/month. Comparable homes around Aspen Way Ne that are rentals have monthly ranges starting as low as $1,291 per month and as high as $1,930 per month. An owner looking to use this property as an investment could bring a return in the area of $1,291 - $1,930 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
02/01/23 05/26/23 Preforeclosure Washington Mutual Bank
01/13/23   Preforeclosure

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Aspen Way Ne
Salem, OR 97317

2 Beds   2 Baths   3,486 sq. ft.   Single-Family

$507,494 EMV

Status: Inactive Listing ID: 59932997

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Aspen-Way-Ne-Salem-OR-97317/59932997_lid

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