Charming South Salem home in a well-established neighborhood. This 4-bedroom, 1-bath residence offers a functional layout with comfortable living spaces and plenty of natural light. Situated on a generous lot, the property provides room to enjoy outdoor living, gardening, or future possibilities. Conveniently located near parks, schools, shopping, and major commuter routes. A great opportunity to own in desirable South Salem.
Sold for $355,000
Listed by: Works Real Estate • EDDIE ZAPIEN • Contact: 503-856-6869
Bought with: John L. Scott-Salem
$355,000
550 Madrona Ave S, Salem, OR 97302
4beds
1,251sqft
Single Family Residence
Built in 1948
7,841 Square Feet Lot
$354,500 Zestimate®
$284/sqft
$2,135 Estimated rent
Home value
$354,500
$330,000 - $379,000
$2,135/mo
Zestimate® history
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List your homeWhat's special
Comfortable living spacesGenerous lotPlenty of natural lightFunctional layout
Zillow last checked:
Listing updated:
Listed by:
EDDIE ZAPIEN 503-856-6869,
Works Real Estate
Bought with:
STEVE BOLTON
John L. Scott-Salem
Source: WVMLS,MLS#: 837597
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Main
- Area: 154
- Dimensions: 14 x 11
Bedroom 2
- Level: Main
- Area: 130
- Dimensions: 13 x 10
Bedroom 3
- Level: Main
- Area: 126
- Dimensions: 9 x 14
Dining room
- Features: Area (Combination)
- Level: Main
- Area: 240
- Dimensions: 24 x 10
Kitchen
- Level: Main
- Area: 240
- Dimensions: 24 x 10
Living room
- Level: Main
- Area: 252
- Dimensions: 12 x 21
Heating
- Electric, Baseboard
Appliances
- Included: Dishwasher, Disposal, Electric Range, Electric Water Heater
- Laundry: Main Level
Features
- Flooring: Carpet, Laminate
- Has fireplace: Yes
- Fireplace features: Family Room
Interior area
- Total structure area: 1,251
- Total interior livable area: 1,251 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Garage spaces: 2
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Exterior features: Grey
- Fencing: Fenced
Lot
- Size: 7,841 Square Feet
- Dimensions: 75 x 108
- Features: Landscaped
Details
- Parcel number: 572829
- Zoning: RS
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Shingle Siding, Shake Siding, Wood Siding, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: 1/Main
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Ewald Fruit Farms
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $284/sqft
- Tax assessed value: $313,730
- Annual tax amount: $2,762
- Price range: $355K - $355K
- Date on market: 2/12/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: VA Loan,Cash,ODVA,FHA,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/24/2026 | Sold | $355,000+0%$284/sqft |
Source:  WVMLS #837597 Report a problem | ||
| 3/8/2026 | Pending sale | $354,900$284/sqft |
Source:  RMLS (OR) #535788770 Report a problem | ||
| 2/28/2026 | Contingent | $354,900$284/sqft |
Source: WVMLS #837597 Report a problem | ||
| 2/20/2026 | Price change | $354,900-4.1%$284/sqft |
Source: WVMLS #837597 Report a problem | ||
| 2/12/2026 | Listed for sale | $370,000+103.3%$296/sqft |
Source: WVMLS #837597 Report a problem | ||
| 12/19/2016 | Sold | $182,000+1.7%$145/sqft |
Source: RMLS (OR) #16410447 Report a problem | ||
| 10/21/2016 | Price change | $179,000-5.3%$143/sqft |
Source: The Rian Group Real Estate #16410447 Report a problem | ||
| 10/10/2016 | Price change | $189,000-3.1%$151/sqft |
Source: The Rian Group Real Estate #16494943 Report a problem | ||
| 9/13/2016 | Pending sale | $195,000$156/sqft |
Source: The Rian Group Real Estate #16588422 Report a problem | ||
| 9/8/2016 | Price change | $195,000-2.5%$156/sqft |
Source: The Rian Group Real Estate #16588422 Report a problem | ||
| 8/31/2016 | Pending sale | $199,900$160/sqft |
Source: The Rian Group Real Estate #16588422 Report a problem | ||
| 8/15/2016 | Listed for sale | $199,900$160/sqft |
Source: The Rian Group Real Estate #16588422 Report a problem | ||
| 7/26/2016 | Pending sale | $199,900$160/sqft |
Source: The Rian Group Real Estate #16588422 Report a problem | ||
| 7/13/2016 | Listed for sale | $199,900+66.6%$160/sqft |
Source: The Rian Group Real Estate #16588422 Report a problem | ||
| 5/10/2016 | Sold | $120,000$96/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,977 +7.8% | $144,890 +3% |
| 2024 | $2,762 +3% | $140,670 +6.1% |
| 2023 | $2,681 +2.9% | $132,610 |
| 2022 | $2,606 +2.9% | $132,610 +3% |
| 2021 | $2,531 +3% | $128,750 +6.1% |
| 2020 | $2,458 +3.6% | $121,360 |
| 2019 | $2,371 +1.3% | -- |
| 2018 | $2,341 | -- |
| 2017 | $2,341 +28.9% | -- |
| 2016 | $1,815 | -- |
| 2015 | $1,815 -0.8% | -- |
| 2014 | $1,829 +8.1% | -- |
| 2013 | $1,692 | -- |
| 2012 | $1,692 +4.5% | -- |
| 2011 | $1,619 +4.2% | $86,450 +6.1% |
| 2010 | $1,553 +1.1% | $81,500 |
| 2009 | $1,536 +6% | $81,500 +3% |
| 2008 | $1,449 +3.3% | $79,130 |
| 2007 | $1,403 +1.6% | -- |
| 2006 | $1,381 +2% | -- |
| 2005 | $1,353 -0.5% | -- |
| 2004 | $1,359 +4.9% | -- |
| 2003 | $1,296 +2.5% | -- |
| 2002 | $1,265 +3.1% | -- |
| 2001 | $1,227 +3.2% | -- |
| 2000 | $1,189 | -- |
Find assessor info on the county website
Neighborhood: Southwest
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Nearby schools
GreatSchools rating
- 2/10Salem Heights Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Crossler Middle SchoolGrades: 6-8Distance: 2.1 mi
- 6/10Sprague High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Salem Heights
- Middle: Crossler
- 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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Estimated market value
$354,500
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$354,500
- Oregon
- Marion County
- Salem
- 97302
- Southwest
- 550 Madrona Ave S
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