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For sale
    • Listed by: Exp Realty, Llc • MICHELE MCCORMACK • Contact: 503-507-8971
    Price cut: $5K (7/14)
    $261,900

    1540 Madelyn Ave SE, Salem, OR 97306

    2beds
    1,256sqft
    : 
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    Condominium
    Built in 1999
    -- sqft lot
    $261,900 Zestimate®
    $209/sqft
    $410/mo HOA

    What's special

    Gas fireplaceLovely viewsPrivate covered balconyTwo spacious master suitesNatural lightAttached exterior storage unitOpen large airy feel
    No fault of the home--Back on the market! Buyers' financing fell through. This updated gem features a brand new water heater, natural light, two spacious master suites, a private single-car garage with additional storage, and an attached exterior storage unit. Nine-foot ceilings on the first floor provide an open, airy feel. The gas fireplace adds warmth, while the private covered balcony provides lovely views. Located near shopping, dining, parks, and schools, with easy access to downtown Salem.
    186 days
    |
    299
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    MICHELE MCCORMACK 503-507-8971,

    Exp Realty, Llc

    Source: WVMLS,MLS#: 836618MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: Upper
      Bedroom 2
      • Level: Upper
      Dining room
      • Features: Area (Combination)
      • Level: Main
      Kitchen
      • Level: Main
      Living room
      • Level: Main
      Heating
      • Electric, Zoned
      Appliances
      • Included: Dishwasher, Disposal, Electric Range, Microwave, Range Included, Gas Water Heater
      • Laundry: Upper Level
      Features
      • High Speed Internet
      • Flooring: Carpet, Vinyl
      • Has fireplace: Yes
      • Fireplace features: Gas, Living Room
      Interior area
      • Total structure area: 1,256
      • Total interior livable area: 1,256 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Attached
      • Attached garage spaces: 1
      Features
      • Levels: Tri-Level
      • Patio & porch: Covered Deck
      • Exterior features: Brown
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 732 Square Feet
      • Features: Zero Lot Line, Landscaped
      Details
      • Parcel number: 325751
      • Zoning: RM-2

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Vinyl Siding, Lap Siding
      • Foundation: Continuous
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1999

      Utilities & green energy

      • Electric: 2/Upper
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Water Connected

      Community & HOA

      Community
      • Subdivision: VISTA HEIGHTS TOWNH
      HOA
      • Has HOA: Yes
      • Amenities included: Other (Refer to Remarks)
      • HOA fee: $410 monthly
      Location
      • Region: Salem

      Financial & listing details

      • Price per square foot: $209/sqft
      • Tax assessed value: $358,910
      • Annual tax amount: $2,732
      • Price range: $261.9K - $261.9K
      • Date on market: 1/16/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Inclusions: stove, fridge, washer, and dryer

        Estimated market value

        $261,900

        $249,000 - $275,000

        $1,975/mo

        Price history

        DateEventPrice
        7/14/2026Price change$261,900-1.9%$209/sqft
        Source: WVMLS #836618 Report a problem
        5/30/2026Listed for sale$266,900$213/sqft
        Source: WVMLS #836618 Report a problem
        4/28/2026Pending sale$266,900$213/sqft
        Source: WVMLS #836618 Report a problem
        3/19/2026Price change$266,900-1.5%$213/sqft
        Source: WVMLS #836618 Report a problem
        1/16/2026Listed for sale$271,000+50.6%$216/sqft
        Source: WVMLS #836618 Report a problem
        4/13/2018Sold$180,000-2.7%$143/sqft
        Source: Public Record Report a problem
        2/28/2018Listed for sale$184,900+105.7%$147/sqft
        Source: HOMESTAR BROKERS #729810 Report a problem
        5/10/2001Sold$89,900$72/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,944 +7.8%$143,320 +3%
        2024$2,732 +3%$139,150 +6.1%
        2023$2,652 +2.9%$131,170
        2022$2,577 +2.9%$131,170 +3%
        2021$2,504 +3%$127,350 +6.1%
        2020$2,431 +3.6%$120,050
        2019$2,345 +1.3%--
        2018$2,315 --
        2017$2,315 +16.3%--
        2016$1,991 --
        2015$1,991 +6.5%--
        2014$1,870 +1.1%--
        2013$1,850 --
        2012$1,850 +1.1%--
        2011$1,831 +4.2%$97,780 +6.1%
        2010$1,757 +1.1%$92,180
        2009$1,737 +6%$92,180 +3%
        2008$1,639 +3.3%$89,500
        2007$1,587 +1.7%--
        2006$1,561 +2%--
        2005$1,530 -0.4%--
        2004$1,537 +4.9%--
        2003$1,466 +2.5%--
        2002$1,431 +3.1%--
        2001$1,388 +34.7%--
        2000$1,030 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: South Gateway

        Getting around

        65 / 100
        Somewhat Walkable
        36 / 100
        Some Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Battlecreek
        • Middle: Judson
        • High: Sprague

        Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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