1018 7TH St NW

Description

**MOTIVATED SELLER** West Salem Equity Opportunity! Priced at $325,000, this rare package features a classic bungalow with unexpected vaulted kitchen ceilings and a DETACHED ADU/STUDIO. While many homes dictate how you should live, this property invites you to create your own vision. The home has had some updates and is ready for its new owner to make the home their own with a fresh interior/exterior color palette. The interior feels surprisingly expansive, anchored by soaring kitchen ceilings and a living room that captures the "golden hour" light perfectly. The layout is thoughtfully designed for privacy, with sleeping quarters positioned on opposite ends of the residence.The detached structure is the true value-add opportunity. Currently a blank slate awaiting new flooring and subfloor repair, this space represents massive equity potential. Whether you envision a dedicated art studio, a private home office, or a separate living quarter for multi-generational needs or rental income, the shell is here waiting for your finish work.Why wait decades for a landscape to mature? The current owners have cultivated a botanical masterpiece that would cost thousands to replicate. The East-side patio offers a private, cool retreat surrounded by an edible landscape, including Italian Fig, Cherry, and Apricot trees, plus established raspberries, blueberries, and grapes. Best of all? Over 300 tulips are planted and ready to greet you with a spectacular show this Spring.This location offers exceptional access to the best of the community. You are located just moments from the vibrant Edgewater District, Urban Grange Coffee, local parks, and the pedestrian bridge connecting you to downtown Salem. This home is the perfect candidate for renovation financing (FHA 203(k) or Conventional HomeStyle®). These programs allow you to wrap the costs of painting and ADU repairs into one single mortgage payment. Don't just buy a home; buy a project with a payoff.