532850 - Laserfiche WebLink

Home Browse Search

Comparative Market Analysis Summary Property Next to 7832 Squirrel Hill Rd SE, Salem, OR 97306 Prepared for Paul and Mary Lou Buchheit March 10,2017 The attached CMA Summary Report that has been developed through the collection of listing and sales data from the Willamette Valley Multiple Listing Service. A search of properties in southeast Salem(WVMLS areas 40)was based on a range of 1-5 acre parcels in a commercial zone(Interchange District- ID) outside the city of Salem city limits. This search generated a total of 3 properties with 1 sale over the past 12 months. I then expanded the search to include all similarly zoned properties within Marion County(including southeast Salem)which generated a total of 5 properties and 2 sales over the past 12 months. The first active listing is the subject property which lies next to 7832 Squirrel Hill RD SE in Salem, OR. It is currently listed for$299,000 and has been on the market for a total of 456 days. Original listing price was $409,900. It includes 2.13 acres zoned ID with approximately 500 feet of road frontage. The second active listing in Salem that lies in close proximity to the subject property(across the street) is 19.8 acres located at 2342 Delaney Rd SE. It is a mixture of 13.43 acres zoned ID (Interchange Development) and 6.37 acres zoned AR(Agriculture Residential). It is currently listed at$1,500,000. It has been on the market for 353 days and was originally priced at $1,750,000. It has a developed well for water. The third active listing at 9757 Gordon Lane SE in Aumsville is located off Hwy 22 at the Exit 9 Interchange and includes 16.7 acres. It was originally priced at$995,000 and is currently listed for$795,000. It has been on the market for 736 days. The first sale is located at 2484 Delaney Rd SE and sold for$90,000 cash. The property included 0.51 acres. It is located on the corner of Delaney Rd SE and Squirrel Hill Rd SE at the intersection going west after turning off the Sunnyside Exit coming off of I-5 (Interstate 5). It closed on November 16, 2016 and was on the market for 618 days. The second sale is located at Westside Lane in Jefferson and sold for$105,000 cash. The property included 5.82 acres. It is located approximately 7 miles south of the subject property at the Talbot Rd Exit coming off of I-5 (Interstate 5). It closed January 31,2017 and was on the market for 707 days. To provide you with a historical perspective on past attempts to sell the subject property, going back to prior ownership, I've prepared the following timeline for your review. 05/03/2006 Property listed for $650,000 Expired 08/31/2006 08/08/2007 Property listed for $550,000 08/20/2007 Reduced price to $499,000 12/05/2007 Reduced price to $449,000 Expired 12/31/2007 Comparative Market Analysis 3/10/2017 Next to 7832 Squirrel Hill Rd SE, Salem, OR