COMPLETELY REMODELED AND MOVE IN READY! This beautifully updated home offers peace of mind with nearly every major component rdplaced, including roof, siding, windows, insulation, electrical, kitchen, bathrooms, flooing, doors, paint, and landscaping - saving you thousands of future repairs. Tucked away on a quiet dead end street with no rear neighbors, this property offers privacy and comfort. An oversized 2 car garage, spacious backyard provirde oom for shop, potential RV parking or ADU. Truly turnkey. Owner is Licensed Oregon principal broker Located in Marion County, no CCR;s.Check with Marion County for ADU, SHOP.
For sale
Listed by: Realty One Group Willamette Valley • PEGGY BEAN • Contact: Agent: 503-932-5406
$394,499
386 40th Pl SE, Salem, OR 97317
3beds
1,056sqft
Single Family Residence
Built in 1952
7,841 Square Feet Lot
$395,200 Zestimate®
$374/sqft
$-- HOA
What's special
Spacious backyardBeautifully updated home
- 107 days |
- 542 |
- 60 |
Zillow last checked:
Listing updated:
Listed by:
PEGGY BEAN Agent:503-932-5406,
Realty One Group Willamette Valley
Source: WVMLS,MLS#: 840794
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Dining room
- Features: Area (Combination)
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Natural Gas, Forced Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Microwave, Electric Water Heater
- Laundry: Main Level
Features
- Flooring: Carpet
- Has fireplace: Yes
- Fireplace features: Living Room, Electric
Interior area
- Total structure area: 1,056
- Total interior livable area: 1,056 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Exterior features: White
- Fencing: Fenced
Lot
- Size: 7,841 Square Feet
- Features: Landscaped
Details
- Parcel number: 545304
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Electric: 1/Main
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Leo N Childs
Location
- Region: Salem
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $283,220
- Annual tax amount: $2,247
- Price range: $394.5K - $394.5K
- Date on market: 5/8/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,FHA,Conventional
Estimated market value
$395,200
$375,000 - $415,000
$2,072/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Price change | $394,4990%$374/sqft |
Source:  WVMLS #840794 Report a problem | ||
| 7/7/2026 | Price change | $394,500-0.1%$374/sqft |
Source: WVMLS #840794 Report a problem | ||
| 6/29/2026 | Price change | $394,900-1%$374/sqft |
Source: WVMLS #840794 Report a problem | ||
| 6/22/2026 | Price change | $399,000-0.2%$378/sqft |
Source: WVMLS #840794 Report a problem | ||
| 5/31/2026 | Price change | $399,900-2.4%$379/sqft |
Source: WVMLS #840794 Report a problem | ||
| 5/8/2026 | Listed for sale | $409,900+57.7%$388/sqft |
Source: WVMLS #840794 Report a problem | ||
| 12/19/2025 | Sold | $260,000-5.5%$246/sqft |
Source:  RMLS (OR) #380859591 Report a problem | ||
| 12/1/2025 | Pending sale | $275,000$260/sqft |
Source: RMLS (OR) #380859591 Report a problem | ||
| 12/1/2025 | Contingent | $275,000$260/sqft |
Source: WVMLS #833980 Report a problem | ||
| 11/21/2025 | Price change | $275,000-8.3%$260/sqft |
Source: WVMLS #833980 Report a problem | ||
| 11/20/2025 | Pending sale | $300,000$284/sqft |
Source: RMLS (OR) #380859591 Report a problem | ||
| 10/15/2025 | Listed for sale | $300,000$284/sqft |
Source: RMLS (OR) #380859591 Report a problem | ||
| 10/7/2025 | Pending sale | $300,000$284/sqft |
Source: WVMLS #833980 Report a problem | ||
| 9/25/2025 | Listed for sale | $300,000$284/sqft |
Source: WVMLS #833980 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,248 +3.3% | $131,960 +3% |
| 2024 | $2,175 +2.3% | $128,120 +6.1% |
| 2023 | $2,127 +6% | $120,770 |
| 2022 | $2,006 +0.9% | $120,770 +3% |
| 2021 | $1,988 +6.5% | $117,260 +6.1% |
| 2020 | $1,867 -0.7% | $110,540 |
| 2019 | $1,881 +2.2% | -- |
| 2018 | $1,841 | -- |
| 2017 | $1,841 +24.2% | -- |
| 2016 | $1,483 | -- |
| 2015 | $1,483 +10.8% | -- |
| 2014 | $1,338 +4.2% | -- |
| 2013 | $1,284 | -- |
| 2012 | $1,284 +5.9% | -- |
| 2011 | $1,212 +4.1% | $87,310 +6.1% |
| 2010 | $1,164 +0.8% | $82,310 |
| 2009 | $1,155 -0.1% | $82,310 +3% |
| 2008 | $1,156 +3.9% | $79,920 |
| 2007 | $1,113 +2.3% | -- |
| 2006 | $1,088 -6.3% | -- |
| 2005 | $1,161 -25.6% | -- |
| 2004 | $1,562 +53.5% | -- |
| 2003 | $1,017 +2.8% | -- |
| 2002 | $989 +1.9% | -- |
| 2001 | $971 +3.8% | -- |
| 2000 | $936 | -- |
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.Climate risks
Neighborhood: Four Corners
Nearby schools
GreatSchools rating
- 3/10Four Corners Elementary SchoolGrades: K-5Distance: 0.3 mi
- 1/10Houck Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10North Salem High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Four Corners
- Middle: Houck
- High: South Salem
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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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