3471 Cole Rd S, Salem, OR 97306
What's special
Spectacular home and land located in a lovely south Salem country setting with some flat pastures & gentle rolling slopes. Featuring a 5-bedroom, 3-full bath, and 2-half bath plan. Kitchen boasts Hickory Cabinets and Granite Counters w/an Island & Pantry. Gas Range and Dual Convection Ovens add inspiration. Overlooking stunning mountain and territorial views, just steps to an expansive outdoor deck on two sides of the home, perfect for entertaining. Main bedroom suite is spacious w/high ceilings (see add't) hardwood flrs, real wood FP, large walk-in closet & balcony. Bathroom adorned w/jetted tub, large his & her tiled shower, 2-sinks and a gas FP. Main level features 1-bedroom, office-bonus rm and a comfortable living room w/gas FP. Downstairs you will find the family room w/game or theater options, a half-bath and 2-bedrooms with a Jack & Jill bath. Behind this … a safe room with monitored multi-camera security system, A/V wiring hub & central vacuum. Attached is a dual living apartment w/a living area, bedroom, full bath and a small kitchen, w/its own water heater & entrance. The first two-car garage has a mud room with utility shower and sink. Recent improvements inc a new roof, newer interior/exterior paint, large number of electrical upgrades including lighting, water faucets and a newer heat pump & new satellite internet. The outdoors greets you with thoughtfully landscaped architecture, inc a large patio, a paver patio w/Gas Firepit, Koi Pond and a Hot Tub. All plumbing & electrical services are underground. The grounds feature 7-separate fenced pastures each stubbed w/water irrigation hookups. Automated gated entryway enjoys Wi-Fi connectivity. The second two-car garage or shop is attached to the barn with heat & half-bath options. The barn is a fully enclosed 60’ x 90’ arena w/lighting & tall RV sliding doors on both sides. Adjacent are 5-large horse stalls each with an automatic watering system & drainage. Outside are three covered bays for hay, equipment, etc. A rain catchment system next to barn gathers & stores 5,000-gallons of water in 2-cisterns. There is a custom high-end tree house with water and power. Low property taxes comparative to value. Barn and land can be re-purposed for a variety of uses. Maybe a Sports Court, Storage Facility, Hobby Farm, Event Hosting (Weddings or Parties) or even a B & B? There is a back entrance to property with access to the outbuildings. A truly amazing place to call home where you can make your dreams come true!
- 157 days |
- 455 |
- 16 |
Travel times
Living Room
Kitchen
Bedroom
Zillow last checked:
Listing updated:
GARY BAUER- P.C. Direc:503-932-0975,
Knipe Realty Era Powered
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
Bedroom 2
- Level: Lower
Bedroom 3
- Level: Lower
Bedroom 4
- Level: Upper
Dining room
- Features: Area (Combination)
- Level: Main
Family room
- Level: Lower
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Electric, Propane, Heat Pump, Forced Air
Appliances
- Included: Dishwasher, Disposal, Gas Range, Built-In Range, Microwave, Range Included, Down Draft, Convection Oven, Electric Water Heater
- Laundry: Main Level
Features
- Den, Mudroom, Office, High Speed Internet, Smart Home
- Flooring: Carpet, Wood, Tile
- Basement: Full,Finished,Daylight
- Has fireplace: Yes
- Fireplace features: Living Room, Other Room, Wood Burning, Gas
Interior area
- Total structure area: 4,498
- Total interior livable area: 4,498 sqft
Video & virtual tour
Property
Parking
- Parking features: Attached, RV Garage
- Attached garage spaces: 4
Features
- Levels: Tri-Level
- Patio & porch: Patio, Covered Patio
- Exterior features: Beige/Tan
- Has spa: Yes
- Spa features: Heated
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 20.19 Acres
- Features: Dimension Above, Landscaped
Details
- Additional structures: Barn(s), Shed(s), Workshop, See Remarks, RV/Boat Storage
- Zoning: SA
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 2005
Utilities & green energy
- Electric: 1/Main
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Security: Security System Owned
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $532/sqft
- Annual tax amount: $6,569
- Price range: $2.4M - $2.4M
- Date on market: 4/14/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Federal Land Bank,Conventional
- Inclusions: Kitchen appliances, windows treatments, hot tub
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Price change | $2,395,000-3.2%$532/sqft |
Source: | ||
| 7/2/2026 | Price change | $2,475,000-1%$550/sqft |
Source: | ||
| 4/14/2026 | Listed for sale | $2,500,000+8.7%$556/sqft |
Source: | ||
| 12/2/2025 | Listing removed | $2,299,500$511/sqft |
Source: | ||
| 8/31/2025 | Price change | $2,299,500-6.1%$511/sqft |
Source: | ||
| 6/2/2025 | Price change | $2,449,500-1.8%$545/sqft |
Source: | ||
| 3/31/2025 | Price change | $2,495,000-4%$555/sqft |
Source: | ||
| 9/4/2024 | Listed for sale | $2,600,000$578/sqft |
Source: | ||
Public tax history
Monthly payment
Estimated market value
$2,246,400
$2.13M - $2.36M
$5,162/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.