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.
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
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
- 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#: 840517
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
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Pending sale | $2,500,000$421/sqft |
Source: | ||
| 7/2/2026 | Contingent | $2,500,000$421/sqft |
Source: | ||
| 6/25/2026 | Price change | $2,500,000-3.8%$421/sqft |
Source: | ||
| 6/3/2026 | Price change | $2,600,000-5.5%$437/sqft |
Source: | ||
| 5/2/2026 | Listed for sale | $2,750,000$463/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | $2,482 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 97317
Nearby schools
GreatSchools rating
- 9/10Turner Elementary SchoolGrades: K-5Distance: 2.1 mi
- 6/10Cascade Junior High SchoolGrades: 6-8Distance: 4.7 mi
- 8/10Cascade Senior High SchoolGrades: 9-12Distance: 4.7 mi
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.
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
- 97317
- 5501 Lipscomb St SE






