For sale

Listed by: Paramount Real Estate Services • DENISE BUSCH • Contact: 503-383-6224

Price cut: $10K (6/12)

$350,000

985 Madison St NE, Salem, OR 97301

3beds

1,186sqft

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Single Family Residence

Built in 1920

3,920 Square Feet Lot

$349,200 Zestimate^®

$295/sqft

$-- HOA

What's special

Mature treesRenovated kitchenOff-street parkingOriginal finishes throughout

Charming home near downtown! Vinyl plank floors in living space, renovated kitchen & bathroom with tile floors, built-ins & original finishes throughout. Vinyl windows with new blinds, new gas furnace and air conditioning. Upstairs has hardwood floors and an extra room to be used as a bedroom, office or play area. Basement is fully waterproofed with closed in storage for extra living space. Fenced backyard with covered patio & mature trees. Off-street parking and access to restaurants, services and freeway.

41 days

1,143

111

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: Main

Bedroom 2

Level: Upper

Bedroom 3

Level: Upper

Dining room

Features: Area (Combination)
Level: Main

Kitchen

Level: Main

Living room

Level: Main

Heating

Natural Gas, Forced Air

Cooling

Central Air

Appliances

Included: Electric Range, Range Included, Gas Water Heater
Laundry: Lower Level

Features

High Speed Internet
Flooring: Tile, Wood
Basement: Full,Unfinished
Has fireplace: Yes
Fireplace features: Living Room, Wood Burning

Interior area

Total structure area: 1,186
Total interior livable area: 1,186 sqft

Property

Parking

Total spaces: 1
Parking features: Detached
Garage spaces: 1

Features

Levels: Two
Stories: 2
Patio & porch: Covered Patio
Fencing: Fenced

Lot

Size: 3,920 Square Feet
Features: Landscaped

Details

Additional structures: Shed(s)
Parcel number: 577393

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding, Lap Siding
Foundation: Continuous
Roof: Composition

Condition

New construction: No
Year built: 1920

Utilities & green energy

Electric: Lower/Basement
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $295/sqft
Tax assessed value: $394,270
Annual tax amount: $3,355
Price range: $350K - $350K
Date on market: 5/29/2026
Listing agreement: Exclusive Right To Sell
Listing terms: VA Loan,Cash,ODVA,FHA,Conventional

Estimated market value

$349,200

$332,000 - $367,000

$1,912/mo

Price history

Date	Event	Price
6/12/2026	Price change	$350,000-2.8%$295/sqft
Source: WVMLS #841645 Report a problem
5/29/2026	Listed for sale	$360,000+9.1%$304/sqft
Source: WVMLS #841645 Report a problem
8/20/2021	Sold	$330,000+65%$278/sqft
Source: RMLS (OR) #21454618 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
11/7/2019	Listing removed	$1,800$2/sqft
Source: Owner Report a problem
9/25/2019	Listed for rent	$1,800+111.8%$2/sqft
Source: Owner Report a problem
5/31/2017	Sold	$200,000+5.3%$169/sqft
Source: Public Record Report a problem
4/21/2017	Listed for sale	$190,000+65.2%$160/sqft
Source: JOHN L. SCOTT-SALEM #717158 Report a problem
12/29/2016	Sold	$115,000-11.5%$97/sqft
Source: Public Record Report a problem
11/4/2016	Price change	$129,900+9.2%$110/sqft
Source: COLDWELL BANKER MOUNTAIN WEST #711892 Report a problem
8/13/2014	Listing removed	$850$1/sqft
Source: Coldwell Banker Mt. West Property Management, LLC Report a problem
8/9/2014	Listed for rent	$850$1/sqft
Source: Coldwell Banker Mt. West Property Management, LLC Report a problem
2/27/2013	Listing removed	$850$1/sqft
Source: Coldwell Banker Mt. West Property Management, LLC Report a problem
1/9/2013	Listed for rent	$850$1/sqft
Source: Hotpads for Rent Report a problem
7/23/2011	Listed for sale	$119,000-3.3%$100/sqft
Source: PRUDENTIAL REAL ESTATE PROFESSIONALS #643308 Report a problem
12/1/2006	Sold	$123,000$104/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,355 +7.8%	$163,310 +3%
2024	$3,113 +3%	$158,560 +6.1%
2023	$3,022 +2.9%	$149,470
2022	$2,937 +2.9%	$149,470 +3%
2021	$2,853 +3%	$145,120 +6.1%
2020	$2,770 +3.6%	$136,800
2019	$2,673 +1.3%	--
2018	$2,639	--
2017	$2,639 +37.3%	--
2016	$1,922	--
2015	$1,922 +2.6%	--
2014	$1,874 +4.6%	--
2013	$1,792	--
2012	$1,792 +4.5%	--
2011	$1,714 +4.2%	$91,540 +6.1%
2010	$1,645 +1.1%	$86,300
2009	$1,626 +6%	$86,300 +3%
2008	$1,534 +3.3%	$83,790
2007	$1,486 +1.6%	--
2006	$1,462 +2%	--
2005	$1,433 -0.4%	--
2004	$1,439 +4.8%	--
2003	$1,372 +2.5%	--
2002	$1,339 +3.1%	--
2001	$1,299 +3.2%	--
2000	$1,259	--

Find assessor info on the county website

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