Located on the southern tip of downtown Salem Oregon, 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 downtown and 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 12 homes sold last year (2008) in the Fairmount Hills neighborhood.
The average sold price was $355,825. This was a 26.2% increase over 2007.
Sold prices ranged from $205,700-$650,000.
Homes averaged 97 DOM. Listings historically average 96 DOM in this area.
Located close to downtown, the Bush Park neighborhood has a portion of the Historic District located within its confines. Located between Rural and Mission, and Liberty and 12th, this neighborhood has some stunning architecture located within.
This neighborhood sits just south of the 90 acre Bush Pasture Park. It’s proximity to downtown, location to a nearby park, and solid school districts make it a highly desirable place to live. The varied and beautiful architecture is a huge draw. You can find anything from federal style, dutch colonials,cape cods, English cottages, four squares, Craftsman’s, and several bungalows.
Homes in this neighborhood range in price from $150,000-$650,000. 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. The Leffelle part of Bush Park is geared up for some improvements. This will make Bush park an even more enjoyable place to live. Homeowners need to remember that the art fair is held every year at Bush Park and will clog local streets.
Part of this neighborhood lies within a designated Historic District. Regardless of whether or not a home is placed on the register, living in the Historic District has special rules. You can call or email me if you have specific questions regarding these rules.
School Districts: Bush Park neighborhood is currently located in the two elementary school districts of Bush and McKinley, Leslie Middle, and South Salem High school districts. Howard Street Charter school is also located in the neighborhood, but that school is open to all Salem area residents. If schools are important to you, remember that boundaries are subject to change from year to year so verify schools. WVMLS Market Data:
Approximately 18 homes sold last year (2008) in the neighborhood
The average sales price was $221,430.
The average home price in this neighborhood declined by 7% from 2007.
Sold prices ranged from $120,500-$450,000.
The median home price was $195,000.
They averaged 117 DOM. Listings historically average 100 DOM in this area.
I love the details and wondering what the owners were like 100 years ago. I like seeing the original water closet as it is reminiscent of our past and where we have come from. Salem has several designated historic districts, including one downtown. We have two residential historic districts Bush Park/Gaity Hill and Court-Chemeketa.
Bush Park Historic Home
Last year I helped a local buyer purchase an old home. Completely neglected, this home was the blight of the historic district. Inside the original wood floors, window panes, and trim screamed for someone to restore the home. The claw foot tub would eagerly await a new owner.
Buying in a historic district comes with some rules. Currently Fairmount Hills has an application for the National historic Register. Even if the home is not on the national register, in can be a local landmark.
A home in the historic district of Salem Oregon
If you want to purchase an historic home you need to be aware of these rules. They do make remodeling and updating the exterior of a historic home more difficult. The goal of the historic district is to preserve a piece of our past. Maintaining the essence of these homes is part of agreeing to live there. This is also important to research if you want to purchase a home. It is possible that the previous homeowner made some changes that would make it be a non-contributing property.
While it sounds difficult, living in the Historic Districts has some benefits. The property and homeowner may be eligible for City of Salem rehabilitation funds, or low interest, and no interest loans as well. There are also some tax advantages to owning one of these homes.
All I ask is that if you remodel the interior of the home, please keep it in character with the home. I’ve seen many remodels that were better described as remuddles.
(c) Copyright, 2008. Melina Tomson, All Rights Reserved (ie…be nice and create your own content. Don’t steal mine…)
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