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    • $390,000

    4575 Shipps Pl NE, Salem, OR 97305

    5beds
    1,906sqft
    Residential, Single Family Residence
    Built in 2007
    3,920 Square Feet Lot
    $390,000 Zestimate®
    $205/sqft
    $2,800 Estimated rent

    Home value

    $390,000

    $371,000 - $410,000

    $2,800/mo

    Zestimate® history
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    What's special

    Cozy gas fireplaceVersatile officeEnergy-efficient double-pane windowsDurable cement sidingOpen-concept layout
    Welcome to a spacious 1,886-square-foot home offering incredible potential in a welcoming Northeast Salem neighborhood. Featuring an open-concept layout with 4 beds + den/office + 2.5 baths, this property is intentionally priced at an attractive $420,000. This property offers the unique advantage of built-in financial upside for a buyer or investor willing to handle some cosmetic updates, allowing you to build sweat equity.The home offers a distinct edge over new builds with its larger, more established footprint and a mature quiet neighborhood setting. The main floor features an open living area with 9 ft ceilings, a cozy gas fireplace, a functional kitchen with cherry cabinetry, and a versatile office that could be a 5th bedroom on the main level. Upstairs, there are 4 more generous sized bedrooms. Built on a level lot with durable cement siding, energy-efficient double-pane windows, and an attached 2 car garage, this standout property is a phenomenal opportunity to invest directly into personalizing a home with significant equity potential.

    Zillow last checked:

    Listing updated:

    Listed by:

    Grace Kim 503-799-1835,

    Keller Williams Realty Portland Premiere

    Bought with:

    Gabriela Mann, 201212923

    Keller Williams Realty Professionals

    Source: RMLS (OR),MLS#: 505363177MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 2
    • Partial bathrooms: 1
    • Main level bathrooms: 1
    Rooms
    • Room types: Bedroom 4, Den, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
    Primary bedroom
    • Level: Upper
    • Area: 156
    • Dimensions: 12 x 13
    Bedroom 2
    • Level: Upper
    • Area: 110
    • Dimensions: 10 x 11
    Bedroom 3
    • Level: Upper
    • Area: 120
    • Dimensions: 10 x 12
    Bedroom 4
    • Level: Upper
    • Area: 90
    • Dimensions: 9 x 10
    Dining room
    • Level: Main
    • Area: 90
    • Dimensions: 9 x 10
    Kitchen
    • Level: Main
    Living room
    • Level: Main
    • Area: 322
    • Dimensions: 14 x 23
    Heating
    • Forced Air
    Cooling
    • Air Conditioning Ready
    Appliances
    • Included: Built-In Range, Dishwasher, Disposal, Free-Standing Refrigerator, Microwave, Plumbed For Ice Maker, Washer/Dryer, Gas Water Heater
    Features
    • High Ceilings, Vaulted Ceiling(s)
    • Flooring: Vinyl
    • Windows: Double Pane Windows
    • Basement: Crawl Space
    • Number of fireplaces: 1
    • Fireplace features: Gas
    Interior area
    • Total structure area: 1,906
    • Total interior livable area: 1,906 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage Door Opener, Attached
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Garage On Main, Accessibility
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Yard
    • Fencing: Fenced
    • Has view: Yes
    • View description: Seasonal
    Lot
    • Size: 3,920 Square Feet
    • Features: Level, SqFt 3000 to 4999
    Details
    • Parcel number: 339723

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Residential, Single Family Residence
    Materials
    • Cement Siding
    • Foundation: Pillar/Post/Pier
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 2007

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $205/sqft
    • Tax assessed value: $494,420
    • Annual tax amount: $4,933
    • Date on market: 6/24/2026
    • Cumulative days on market: 25 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/14/2026Sold$390,000-7.1%$205/sqft
    Source: RMLS (OR) #505363177 Report a problem
    7/19/2026Pending sale$420,000$220/sqft
    Source: RMLS (OR) #505363177 Report a problem
    6/24/2026Listed for sale$420,000+32.1%$220/sqft
    Source: RMLS (OR) #505363177 Report a problem
    5/14/2020Sold$318,000+2.6%$167/sqft
    Source: RMLS (OR) #20511842 Report a problem
    4/7/2020Pending sale$310,000$163/sqft
    Source: Hybrid Real Estate #20511842 Report a problem
    4/3/2020Listed for sale$310,000+55%$163/sqft
    Source: Hybrid Real Estate #20511842 Report a problem
    8/4/2009Sold$200,000-14.9%$105/sqft
    Source: Public Record Report a problem
    11/1/2008Listing removed$235,000$123/sqft
    Source: Postlets #593326 Report a problem
    9/24/2008Listed for sale$235,000$123/sqft
    Source: Postlets #593326 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,933 +7.8%$240,130 +3%
    2024$4,578 +3%$233,140 +6.1%
    2023$4,443 +2.9%$219,760
    2022$4,318 +2.9%$219,760 +3%
    2021$4,195 +3%$213,360 +6.1%
    2020$4,073 +3.6%$201,120
    2019$3,929 +1.3%--
    2018$3,879 --
    2017$3,879 +16.3%--
    2016$3,335 --
    2015$3,335 +2.6%--
    2014$3,252 +8.9%--
    2013$2,987 --
    2012$2,987 -2.5%--
    2011$3,063 +4.2%$163,560 +6.1%
    2010$2,938 +1.1%$154,180
    2009$2,906 +6%$154,180 +3%
    2008$2,741 +335%$149,690
    2007$630 --
    Find assessor info on the county website

    Neighborhood: North Lancaster

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Scott
    • Middle: Waldo
    • High: Mckay

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

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    Estimated market value
    $390,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $390,000

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