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Under contract
  • Listed by: Homesmart Realty Group • NANCY ROCHA ALLEY • Contact: 503-510-5326
    Price cut: $100K (6/25)
    $2,500,000

    5501 Lipscomb St SE, Salem, OR 97317

    5beds
    5,943sqft
    : 
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    Single Family Residence
    Built in 2025
    2.68 Acres Lot
    $2,440,500 Zestimate®
    $421/sqft
    $-- HOA

    What's special

    Hot tubCovered deckHigh-end finishes throughoutLutron smart home lightingExposed beamsCustom iron railingsCurved entryways
    Accepted Offer with Contingencies. Tour of Homes luxury estate on acreage with stunning valley views! This exceptional residence showcases exposed beams, curved entryways, and high-end finishes throughout. A single-level layout with a full basement offers excellent dual living potential. Enjoy 5 spacious bedrooms—each an en suite with walk-in closets—along with 2 half baths. The chef’s kitchen is designed to impress, featuring a 60” gas range, oversized island, and a fully equipped butler’s pantry with an additional dishwasher. The lower level is ideal for entertaining with a wet bar complete with mini fridge, ice maker, and dishwasher. Elevated finishes include custom cabinetry, engineered hardwood (waterproof and wear-resistant) and tile flooring throughout—including limestone—natural stone countertops, custom iron railings, and thoughtfully curated lighting and plumbing fixtures. Venetian plaster accents enhance the master shower, range hood, and fireplace, while radiant heated tile floors bring comfort to the upstairs suites. Smart and functional upgrades include Lutron smart home lighting, integrated indoor/outdoor sound, a constant pressure water system with filtration, and a washer/dryer conveniently located in the primary closet.Outdoor living is equally impressive, featuring a covered deck, full outdoor kitchen with a 44” gas range, refrigerator, and pass-through window, gas heaters in the dining area, and an outdoor gas fire table—perfect for year-round enjoyment. The property also offers a hot tub, irrigated landscaping with lighting and raised garden beds, hot/cold outdoor water spigots, and built-in dog kennels with a dedicated dog wash. Additional highlights include a paved asphalt driveway leading to a 1,500 sq ft 3-car garage (mini-split ready and pre-wired), plus an additional 1,200 sq ft of flexible space—ideal for storage, a home office, gym, or more.
    64 days
    |
    1,153
    |
    63
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    NANCY ROCHA ALLEY Cell:503-510-5326,

    Homesmart Realty Group

    Source: WVMLS,MLS#: 840517MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 7
      • Full bathrooms: 5
      • 1/2 bathrooms: 2
      Primary bedroom
      • Level: Main
      • Area: 366.72
      • Dimensions: 15.33 x 23.92
      Bedroom 2
      • Level: Main
      • Area: 243.83
      • Dimensions: 14 x 17.42
      Bedroom 3
      • Level: Main
      • Area: 182.72
      • Dimensions: 11.92 x 15.33
      Bedroom 4
      • Level: Lower
      • Area: 289.5
      • Dimensions: 18 x 16.08
      Dining room
      • Features: Area (Combination)
      • Level: Main
      • Area: 159.75
      • Dimensions: 13.5 x 11.83
      Kitchen
      • Level: Main
      • Area: 283.02
      • Dimensions: 16.25 x 17.42
      Living room
      • Level: Main
      • Area: 556.75
      • Dimensions: 21.83 x 25.5
      Heating
      • Natural Gas, Radiant Floor
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Gas Range, Electric Water Heater
      • Laundry: Main Level
      Features
      • Other(Refer to Remarks), Walk-in Pantry
      • Flooring: Tile, Wood
      • Basement: Finished
      • Has fireplace: Yes
      • Fireplace features: Family Room, Gas
      Interior area
      • Total structure area: 5,943
      • Total interior livable area: 5,943 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached
      • Attached garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered Deck
      • Exterior features: White
      • Has spa: Yes
      • Spa features: Heated
      • Fencing: Partial
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 2.68 Acres
      • Features: Irregular Lot
      Details
      • Additional structures: RV/Boat Storage
      • Parcel number: 548813
      • Zoning: RES

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Fiber Cement
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 2025

      Utilities & green energy

      • Electric: 1/Main
      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Salem

      Financial & listing details

      • Price per square foot: $421/sqft
      • Tax assessed value: $1,128,970
      • Annual tax amount: $6,841
      • Price range: $2.5M - $2.5M
      • Date on market: 5/2/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,ODVA
      • Inclusions: furniture, appliances

        Estimated market value

        $2,440,500

        $2.32M - $2.56M

        $7,688/mo

        Price history

        DateEventPrice
        7/2/2026Pending sale$2,500,000$421/sqft
        Source: RMLS (OR) #334816575 Report a problem
        7/2/2026Contingent$2,500,000$421/sqft
        Source: WVMLS #840517 Report a problem
        6/25/2026Price change$2,500,000-3.8%$421/sqft
        Source: WVMLS #840517 Report a problem
        6/3/2026Price change$2,600,000-5.5%$437/sqft
        Source: WVMLS #840517 Report a problem
        5/2/2026Listed for sale$2,750,000$463/sqft
        Source: WVMLS #840517 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,841 +119.2%$573,650 +119%
        2024$3,121 +2.7%$262,000 +6.1%
        2023$3,038 +2.6%$246,970
        2022$2,962 +2.6%$246,970 +3%
        2021$2,888 +3.1%$239,780 +6.1%
        2020$2,802 +2.2%$226,020
        2019$2,741 +2.4%--
        2018$2,678 --
        2017$2,678 +6%--
        2016$2,526 --
        2015$2,526 +1.8%--
        2014$2,482 --

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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: 97317

        Getting around

        0 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Turner
        • Middle: Cascade
        • High: Cascade

        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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