LOCATION, LIFESTYLE & SPACE — Welcome to one of SE Salem’s most desirable neighborhoods! Situated on a spacious and beautifully landscaped 0.29-acre lot, this extensively updated 3 bedroom, 2 bathroom home offers 2,400 sq. ft. of comfort, privacy, and convenience in an established South Salem neighborhood surrounded by beautifully maintained homes. From the moment you arrive, you’ll appreciate the peaceful setting, mature trees, and inviting curb appeal that give this property a private, country-like feel while still being just minutes from everything Salem has to offer. Thoughtfully updated in 2025 and 2026, the interior features new luxury vinyl plank flooring on the main level, new carpet in the bedrooms, and fresh paint throughout. Exterior updates bring total peace of mind with a new roof, siding, fresh paint, and a new insulated garage door. Additional features include granite countertops, stainless steel appliances, vaulted ceilings, spacious bedrooms, and both a wood-burning fireplace and electric fireplace for warmth and ambiance year-round. Step outside into your own backyard retreat featuring mature landscaping, a tranquil koi pond water feature, expansive deck space perfect for entertaining, and plenty of room to relax, garden, play, or simply enjoy the peaceful surroundings. The oversized lot also offers space for RV parking, recreational toys, or additional storage — all with NO HOA. Location truly sets this property apart. You are just steps from Pringle Elementary School and Wes Bennett Park, and only minutes from dining, shopping, and I-5 access. It is rare to find a home that offers this much space, convenience, and peaceful seclusion in the heart of South Salem — this is the one you’ve been waiting for!
For sale
Listed by: Premiere Property Group, Llc Albany
$600,000
5445 Reed Ln SE, Salem, OR 97306
3beds
2,400sqft
Single Family Residence
Built in 1990
0.29 Acres Lot
$589,200 Zestimate®
$250/sqft
$-- HOA
What's special
Wood-burning fireplaceElectric fireplaceNew insulated garage doorBackyard retreatFresh paint throughoutMature treesVaulted ceilings
- 6 days |
- 2,057 |
- 150 |
Zillow last checked:
Listing updated:
Listed by:
RHEOLA COY Cell:503-999-5088,
Premiere Property Group, Llc Albany
Source: WVMLS,MLS#: 841558
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Dining room
- Features: Formal
- Level: Main
Family room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Wood, Heat Pump, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Gas Water Heater
- Laundry: Main Level
Features
- High Speed Internet, Smart Home
- Flooring: Carpet, Tile, Laminate
- Has fireplace: Yes
- Fireplace features: Living Room, Other Room, Wood Burning, Electric
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Blk/Brn
- Has spa: Yes
- Spa features: Heated
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.29 Acres
- Features: Dimension Above, Landscaped
Details
- Additional structures: RV/Boat Storage
- Parcel number: 575420
- Zoning: RA
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Composite, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Electric: 1/Main
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Security System Owned
- Subdivision: Grabenhorst Fruit Farms
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $250/sqft
- Tax assessed value: $556,480
- Annual tax amount: $6,622
- Price range: $600K - $600K
- Date on market: 6/17/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: VA Loan,Cash,ODVA,FHA,Conventional
- Inclusions: All kitchen appliances, washer & dryer included
Estimated market value
$589,200
$560,000 - $619,000
$2,450/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Listed for sale | $600,000+17.6%$250/sqft |
Source:  WVMLS #841558 Report a problem | ||
| 9/22/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/14/2021 | Listed for sale | $510,000+172.9%$213/sqft |
Source: Owner Report a problem | ||
| 8/12/2014 | Sold | $186,900+15.4%$78/sqft |
Source: Public Record Report a problem | ||
| 8/8/2011 | Sold | $162,000-4.6%$68/sqft |
Source: Public Record Report a problem | ||
| 7/14/2011 | Price change | $169,900-4.3%$71/sqft |
Source: foreclosure.com Report a problem | ||
| 6/18/2011 | Price change | $177,500-6.5%$74/sqft |
Source: MARK ATKINSON REAL ESTATE INC. #637174 Report a problem | ||
| 5/20/2011 | Price change | $189,900-5%$79/sqft |
Source: foreclosure.com Report a problem | ||
| 4/16/2011 | Price change | -- |
Source: Williams & Williams Worldwide Real Estate Auction Report a problem | ||
| 2/6/2011 | Price change | $199,900-19.7%$83/sqft |
Source: MARK ATKINSON REAL ESTATE INC. #637174 Report a problem | ||
| 1/26/2011 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 1/25/2011 | Sold | $249,050$104/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,621 +7.8% | $322,300 +3% |
| 2024 | $6,144 +3% | $312,920 +6.1% |
| 2023 | $5,963 +2.9% | $294,970 |
| 2022 | $5,796 +2.9% | $294,970 +3% |
| 2021 | $5,630 +3% | $286,380 +6.1% |
| 2020 | $5,466 +3.6% | $269,950 |
| 2019 | $5,274 +1.3% | -- |
| 2018 | $5,206 | -- |
| 2017 | $5,206 +16.3% | -- |
| 2016 | $4,476 | -- |
| 2015 | $4,476 +2.6% | -- |
| 2014 | $4,364 +8.2% | -- |
| 2013 | $4,034 | -- |
| 2012 | $4,034 -4.3% | -- |
| 2011 | $4,213 +4.1% | $225,380 +6.1% |
| 2010 | $4,049 +1.1% | $212,450 |
| 2009 | $4,004 +6% | $212,450 +3% |
| 2008 | $3,777 +3.3% | $206,270 |
| 2007 | $3,658 +1.7% | -- |
| 2006 | $3,598 +2% | -- |
| 2005 | $3,527 -0.4% | -- |
| 2004 | $3,542 +4.9% | -- |
| 2003 | $3,378 +2.5% | -- |
| 2002 | $3,297 +3.1% | -- |
| 2001 | $3,197 +3.2% | -- |
| 2000 | $3,098 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 5/10Pringle Elementary SchoolGrades: K-5Distance: 0.1 mi
- 6/10Judson Middle SchoolGrades: 6-8Distance: 1.6 mi
- 5/10South Salem High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Pringle
- Middle: Judson
- 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.
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.
- Oregon
- Marion County
- Salem
- 97306
- South Gateway
- 5445 Reed Ln SE
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