$277,536 EMV

2 Beds   1 Bath   960 Sq. Ft.   Single-Family
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Raffon Dr Se
Salem, OR 97317


This Single-Family Preforeclosure is located at Raffon Dr Se, Salem, OR 97317. It has 2 Beds, 1 Bath , 960 sqft of living space. This property is currently in auction with an estimated market value of $277,536.
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Status: Active
Listing ID: 59898989
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Learn about Raffon Dr Se in Salem, OR

This single-family property is available as a preforeclosure at Raffon Dr Se. It has 2 bedrooms, 1 bathrooms, and 960 square feet of living space. Based on our analysis of the current market conditions in Salem for Raffon Dr Se and comparable listings, the estimated market value is $277,536. If purchased for rental purposes, the monthly rental rate could range between $780 and $1,160. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Raffon Dr Se are updated daily along with others in Salem, Oregon. Since this property is a preforeclosure, check out our Foreclosure Timeline for Raffon Dr Se below to see helpful information about this listing.

Foreclosure Timeline

Raffon Dr Se in Salem Oregon Property History

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Bank Owned

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Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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The property located at Raffon Dr Se in Salem, OR is listed as a Preforeclosure

The process of preforelcosure with properties like Raffon Dr Se 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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Address: Raffon Dr Se Salem OR 97317

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Rental Value

The estimated rental value for Raffon Dr Se located in Salem, OR is $970/month. Comparable homes around Raffon Dr Se that are rentals have monthly ranges starting as low as $780 per month and as high as $1,160 per month. An owner looking to use this property as an investment could bring a return in the area of $780 - $1,160 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
05/10/23   Preforeclosure Mortgage Electronic Registr...
01/06/23   Preforeclosure

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Raffon Dr Se
Salem, OR 97317

2 Beds   1 Bath   960 sq. ft.   Single-Family

$277,536 EMV

Status: Active Listing ID: 59898989

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