Sold743d on market

5803 Cobalt Loop SE

Salem, OR, 97306 • South Gateway • Marion County

$435,000

$278/sqft

3Beds

3Baths

1,564Sqft

0.15 acLot

1993Built

Property DNA

4 highlights

Sunstone Phase 1

South Gateway

Outdoor Living

Patio

2-Car Garage

Attached

Wood Floors

Quality flooring throughout

This home is getting attention

Listed 743 days ago · 3 views

Market activity

Demand and pricing signals for this listing

3 views

People checking out this listing

743 days on market

Established listing

$278/sqft

Price per square foot

Selling Soon Prediction

Moderate

This home ranks in the top 33% of listings most likely to go under contract soon, based on market activity and demand signals.

Likelihood score

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About this home

Single Family · Built 1993

Move in ready home located in desirable South Salem neighborhood. Seller will provide 1 year home warranty through American Home Shield. Updates include furnace, water heater, new flooring, and updated kitchen to include newer appliances. Separate family and living room on the main floor. Laundry area upstairs near bedrooms. Nicely landscaped front and back yard. Area on side to park another vehicle or small trailer. Home is located with easy access to I-5 and local shopping. Agent is related to sellers.

Standout features identified

Our analysis highlights new flooring, separate family, and newer appliances as key attractions of this home.

Estimated monthly payment

Based on current rates

$2,763/month

Principal & Interest$2,183

Property Tax$435

Insurance$145

Down payment20% ($87,000)

3%50%

Est. 6.43% rate · 30yr fixed · $348,000 loan

Full calculator →

At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1993

HeatingForced Air, Natural Gas

CoolingCentral Air

Parking2 Attached Garage spaces

Lot6,534 sqft

Property

Home typeSingle Family

Sub-typeSingle Family Residence

Year built1993

Stories2

Systems

HeatingForced Air, Natural Gas

CoolingCentral Air

RoofComposition,Shingle

ConstructionFiber Cement, Lap Siding

Water / SewerPublic / Public Sewer

Parking & Outdoor

ParkingAttached

Garage2 spaces

FencingFenced

Lot6,534 sqft

Location & Tax

NeighborhoodSouth Gateway

ZoningRS

Annual tax$4,602

Parcel594305

Bathrooms & Fees

Full baths2

Features & details

12 categories of property features

Interior Features

Interior

High Speed Internet

Appliances

Dishwasher

Disposal

Electric Range

Range Included

Gas Water Heater

Flooring

Carpet

Wood

Heating

Forced Air

Natural Gas

Cooling

Central Air

Laundry

Upper Level

Fireplace

Family Room

Gas

Exterior Features

Exterior

Brown

Parking

Attached

Construction

Fiber Cement

Lap Siding

Patio & Porch

Patio

Lot Features

Irregular Lot

Landscaped

Room details

7 rooms detailed

Master Bedroom

Upper

Bedroom2

Upper

Bedroom3

Upper

Dining Room

Main

Area (Combination)Formal

Family Room

Main

Kitchen

Main

Listing insights

Market data and value estimates

StatusSold

Days on market743

Est. value$460,800

Est. rent$2,305/mo

Tax rate0.81%

Price/sqft$278

On marketDec 29, 2023

PostedDec 29, 2023

Last sold$435,000

MLS updatedMar 14, 2024

Tour days6

How are the schools in Salem?

3 schools rated nearby

Battle Creek Elementary School

Elementary • Public • K-5

0.7 mi

Judson Middle School

Middle • Public • 6-8

1.3 mi

Sprague High School

High • Public • 9-12

2.4 mi

Location

Salem, OR, 97306

Expand map

Price history

4 events

DateEventPrice$/sqftSource

Mar 13, 2024Sold$435,000$278WVMLS

Feb 11, 2024Contingent$439,000$281WVMLS

Jan 11, 2024Price Change$439,000$281WVMLS

Dec 29, 2023Listed For Sale$449,000$287WVMLS

Sold$435,000

Mar 13, 2024•$278/sqft•WVMLS

Contingent$439,000

Feb 11, 2024•$281/sqft•WVMLS

Price Change$439,000

Jan 11, 2024•$281/sqft•WVMLS

Listed For Sale$449,000

Dec 29, 2023•$287/sqft•WVMLS

Tax history

26 years of records

YearTax paidAssessed value

Mar 27, 2025$5,111$248,780

Mar 27, 2024$4,742$241,540

Mar 27, 2023$4,603$227,680

Mar 27, 2022$4,474$227,680

Mar 27, 2021$4,346$221,050

Mar 27, 2020$4,219$208,370

Mar 27, 2019$4,071—

Mar 27, 2018$4,019—

Mar 27, 2017$4,019—

Mar 27, 2016$3,455—

Mar 27, 2015$3,455—

Mar 27, 2014$3,369—

Mar 27, 2013$3,138—

Mar 27, 2012$3,138—

Mar 27, 2011$3,177$174,180

Mar 27, 2010$3,129$164,190

Mar 27, 2009$3,094$164,190

Mar 27, 2008$2,919$159,410

Mar 27, 2007$2,827—

Mar 27, 2006$2,781—

Mar 27, 2005$2,726—

Mar 27, 2004$2,738—

Mar 27, 2003$2,611—

Mar 27, 2002$2,548—

Mar 27, 2001$2,471—

Mar 27, 2000$2,394—

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Neighborhood details

Local context around this listing

Salem, OR • Marion County

Nearby neighborhoods

East LancasterFaye WrightFour CornersHayesvilleMorningsideNorth LancasterNorthgateSouth GatewaySoutheast Mill CreekWest Salem

Nearby cities

AumsvilleAuroraHubbardJeffersonKeizerSalemSilvertonStayton

Nearby zip codes

97301973029730497305973069730897309973109731297317

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Value estimates

Live

Est. value$460,800

Est. rent$2,305/mo

30yr rate est.6.43%

Affordability$2,582/mo

Accepted financing

CashConventionalVA LoanFHA

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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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