See Home Value
Marion 97317
403 Bavarian Wy SE
$1,080,000 - $1,320,000
House - Off Market

403 Bavarian Wy SE

Salem, OR 97317
bedrooms
5 Beds
bathrooms
4.5 Baths, 1 Half Bath
square feet
4961 Sqft
Sold Dec 07, 2012
$550,000
$330,000 by Keybank National Association
Mortgage Due Jul 01, 2042

About This Property

Sprawling country estate!This home has an oversized front porch that overlooks a private lake. Nestled on 1.54 acres. 5 bedrooms and 4.5 baths! Oversized garage ready for your toys!Enjoy your giant master suite w/ jetted tub, cozy fireplace, and impressive walk-in closet. Entertainers dreams with an open floor plan, cherry floors, custom maple cabinets, gourmet kit w/ granite counters!This home is equipped with a 48' GE range, GE monogram commercial fridge, double ovens, bonus room, gym, and inground pool

The manager has listed the unit size as 4961 square feet.
Unit Size
4,961Ft²
Days on Market
-
Land Size
1.54 acres
Price per sqft
$242
Property Type
House
Property Taxes
$669
HOA Dues
-
Year Built
1999

Price History

Date / Event Date Event Price
Jan 26, 2024 No longer available -
No longer available
Dec 31, 2023 Price Decreased $1,200,000
↓ $75K (5.9%)
Price Decreased
Nov 12, 2023 Listed $1,275,000
Listed
Apr 15, 2021 No longer available -
No longer available
Dec 6, 2020 Listed $950,000
Listed
Stunning private gated community featuring its own lake! This beautiful country estate sits on 1.54 ac. Relax on the oversized covered porch looking over the landscaped acreage and private lake. Retreat to your giant master suite w/ jetted tub, fireplace, enormous walk-in closet. This home has an open floor plan with cherry floors, custom maple cabinets, gourmet kit w/ granite counters, 48' Dacor range, GE profile commercial fridge, double ovens, bonus room, gym, inground pool and so much…
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Property Highlights

Fireplace
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 1,352
  • Parking Space Count: 5
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 67,082
  • Total Building Area: 7,401
  • Gross Building Area: 7,401
  • Building Area: 6,049
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 6,049
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOREST LAKE ESTATES
  • Land Acres: 1.54
  • Standard Land Use Code: Rural/agricultural residence
  • Legal Description 1: FOREST LAKE ESTATES LOT 10 ACRES 1.54

Ownership

  • Current Owner : HOFFMAN JOHN N
  • Current Owner 2: HOFFMAN MARLEE R
  • Previous Owner : BRODY CURTIS G
  • Previous Owner 2: BRODY DENISE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salem-Keizer School District 24J
  • School Tax School District: SALEM-KEIZER
  • Census Tract: 002702

Zoning

  • Zoning: AR

Geography

  • Account Number: 547982
  • Parcel: 547982
  • Lot: 10
  • Meridian: SEC 36 TWN 07S RNG 02W
  • Latitude: 44.9247
  • Longitude: -122.874

    Address

  • Full Address: 403 Bavarian Way Se
  • Address - House Number: 403
  • Street Segment Direction: SE
  • Address - Street Name: Bavarian
  • Address - Suffix Type: Way
  • State: OR
  • City Name: Salem
  • Carrier Code: R005
  • 4-Digit Zip Code: 8947
  • Zip Code: 97317

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,031
  • Tax Rate Code Area: 92410

    Appraisal Valuation

  • Standard Deviation: 0.1886
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 1,107,055
  • High Value: 1,315,956
  • Low Value: 898,155

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $330,000
  • First Open Lien Mortgage Lender: KEYBANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Jul 12, 2023
  • First Open Lien Mortgage Loan Amount: $330,000
  • First Open Lien Mortgage Term: 227
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2042

    Market Valuation

  • Market Total Value: $1,303,370
  • Market Land Value: $199,950
  • Market Improvement Value: $1,103,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $584,360

    Sales

  • Current Sale Contract Date: Dec 06, 2012
  • Current Sale Recording Date: Dec 07, 2012
  • Current Sale Transaction ID: 1102992704
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LPMC LLC
  • First Mortgage Transaction Date: Dec 07, 2012
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2043



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Marion


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Frequently Asked Questions

When was property at 403 Bavarian Way Southeast built and last sold?
The property at 403 Bavarian Way Southeast was built in 1999 and last sold on Dec 6, 2012 for $550,000.
How much is this home worth?
The estimated value of the home located at 403 Bavarian Way Southeast is $1,212,000.
What are some comparable homes to 403 Bavarian Way Southeast?
There are currently no comparable homes to 403 Bavarian Way Southeast.

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