For SaleRisky Deal0 days on market
1050 Norway St NE
1050 Norway St NE, Salem, OR 97301, Salem, OR 97301
$329,999
Estimate®:$317,200
Listing Price
1050 Norway St NE, Salem, OR 97301
Loc: Salem, OR
Days Listed
0
Tax Assessed
$456k
Estimate®
$317k
Market Rate
Lot Size
6,250 sqft
Rent Estimate
$2,691/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Grant Community School
K-5
0.3 mi away
3
Parrish Middle School
6-8
0.5 mi away
4
North Salem High School
9-12
0.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
craftsmanbungalowblue sidingcovered front porchgable roofmature treesmanicured hedgesred mulch landscapingcozyresidentialdetached garagebrick chimneysingle-story
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.83%
Total ROI
85.6%
Cash Flow
$-109/mo
DSCR
0.94
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-109/mo net cash flow with a 5.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.8%)
- • Strong rental demand in Salem
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $329,999 | $212 |
| 2020-04-21 | Listing removed | $309,999 | $199 |
| 2020-04-06 | Listed for sale | $309,999 | $199 |
| 2013-10-25 | Sold | $129,900 | $83 |
| 2013-09-26 | Price change | $139,900 | $90 |
| 2013-09-16 | Listed for sale | $144,900 | $93 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,379.57 | $164,500 |
| 2024 | $3,135.78 | $159,710 |
| 2023 | $3,043.34 | $150,550 |
| 2022 | $2,958.28 | $150,550 |
| 2021 | $2,873.83 | $146,170 |
| 2020 | $2,790.14 | $137,790 |
| 2019 | $2,692.08 | $0 |
| 2018 | $2,657.55 | $0 |
| 2017 | $2,657.55 | $0 |
| 2016 | $2,284.75 | $0 |
| 2015 | $2,284.75 | $0 |
| 2014 | $2,227.85 | $0 |
| 2013 | $2,129.46 | $0 |
| 2012 | $2,129.46 | $0 |
| 2011 | $2,037.46 | $108,800 |
| 2010 | $1,954.71 | $102,570 |
| 2009 | $1,932.97 | $102,570 |
| 2008 | $1,823.79 | $99,590 |
| 2007 | $1,766.14 | $0 |
| 2006 | $1,737.41 | $0 |
| 2005 | $1,702.82 | $0 |
| 2004 | $1,710.4 | $0 |
| 2003 | $1,631.22 | $0 |
| 2002 | $1,591.9 | $0 |
| 2001 | $1,543.66 | $0 |
| 2000 | $1,495.92 | $0 |
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