Location:
Located on the southern tip of downtown Salem, the Fairmount neighborhood is a wonderful option for buyer looking for historic homes. Located between Owens and Rural streets to the North and South, and River Rd and Commercial St to the East and West, this neighborhood has some diverse architecture located within the boundaries. It is also the location of the Governor's Mansion.
Some of the homes have stunning views of the Cascades, Mt. Hood and Mt. Bachelor. It's proximity to downtownand solid school districts make it a highly desirable place to live. There is an incredible amount of variety in architectural styles in this area ranging from French country, Craftsman, English Cottage, Misson style, Victorians, and dutch colonials.
Homes in this neighborhood range in price from $150,000-$900,000. This is a very stable neighborhood with many residents living in for long periods of time. Homes for the most part are well maintained, and those that aren't are quickly snatched up when they go on sale.
Special Considerations:
The Fairmount Neighborhood is currently submitting an application for consideration for the National Historic District. If you are looking to purchase a home here in the future, it may be in a designated Historic District. There are special rules that apply to living in a Historic District.
School Districts:
Fairmount neighborhood is currently located in McKinley, Leslie, and South Salem High school districts. If schools are important to you, remember that boundaries are subject to change from year to year so verify schools.
WVMLS Market Data:
Approximately 13 homes sold last year (2007) in the neighborhood an average price of $281,946. Sold prices ranged from $161,000-$477,000. They averaged 103 DOM. Listings historically average 96 DOM in this area. There are currently 5homes listed as active on the MLS for this area with prices ranging from $289,900-$899,000.
If you need more information about the Fairmount area and homes currently available for purchase, please feel free to call or email with questions.
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