NOT LISTED FOR SALE

140 Rees Hill Rd SE Salem, OR 97306

Salem Hills Neighborhood

Estimated Value: $284,926 - $382,000

2 Beds
1 Bath
950 Sq Ft
$351/Sq Ft Est. Value

Sale Details

Date Sold: March 14, 2023

Last sale price $265,000 $279 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,945 / mo

235 Days on Market

Highlights

  • RV Access or Parking
  • 0.84 Acre Lot
  • 1-Story Property
  • Waterfront
  • Fenced Yard
  • Landscaped

About This Home

As of March 2023

Excellent close in country location with creek setting. Older home needs TLC & finishing. Vaulted great room w/wood plank accents &storage loft. 2 potential bedrooms both have NO closets. Creek view from living area. Creek has small footbridge. Nice large 5 bay 1012+/- Sq. Ft shop w/power, bonus room & car work pit. Existing well & septic. Property is partially fenced and lined with trees for privacy. Kitchen was removed. No current heat source. Great potential! Selling AS IS & cash only.

Last Agent to Sell the Property

Leah Lentz

REDFIN License #201227520 Listed on: 05/31/2022

Last Buyer's Agent

ANGIE BOND

REALTY ONE GROUP WILLAMETTE VALLEY License #201008010

REALTY ONE GROUP WILLAMETTE VALLEY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,599

Year Built

  • Built in 1940

Lot Details

  • 36,590 Sq Ft Lot
  • Waterfront
  • Fenced Yard
  • Landscaped
  • Irregular Lot
  • Property is zoned AR2

Parking

  • RV Access or Parking

Home Design

  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Cedar Siding

Interior Spaces

  • 950 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Shop
  • Flood Zone Lot
  • Well

Listing and Financial Details

  • Tax Lot 900

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,599

Year Built

Built in 1940

Lot Details

0.84 Acres

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Syndicated Remarks: Excellent close in country location with creek setting. Older home needs TLC & finishing. Vaulted great room w/wood plank accents &storage loft. 2 potential bedrooms both have NO closets. Creek view from living area. Creek has small footbridge. Nice large 5 bay 1012+/- Sq. Ft shop w/power, bonus room & car work pit. Existing well & septic. Property is partially fenced and lined with trees for privacy. Kitchen was removed. No current heat source. Great potential! Selling AS IS & cash only.
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Source Of Sq Ft: Owner

Exterior Features

  • Exterior Color: wood
  • Fenced Yard: Yes
  • Foundation: Slab
  • Landscape: Yes
  • Out Buildings: Separate Shop
  • Roof: Metal Or Aluminum
  • Siding: Cedar, Wood
  • View: Water Frontage

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Water: Well

Lot Info

  • Acres: 0.84
  • Estimated Lot Sq Ft: 36590
  • Flood Plain: Yes
  • Lot: 900
  • Lot Type: Irregular
  • Rv Amenities: Area/Room For
  • Zoning: AR2
  • Geo Subdivision: OR

Tax Info

  • Tax Database Id: 3
  • Assessor Parcel Number: 561490
  • Tax Years: 2021
  • Tax Amount: 1599

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2016
Sold by
Bought by
Current Estimated Value
$333,463
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/14/2023 03/14/23 Sold $265,000 -10.2% $279 / Sq Ft
12/22/2022 12/22/22 Price Changed $295,000 -1.7% $311 / Sq Ft
12/22/2022 12/22/22 For Sale $299,999 +13.2% $316 / Sq Ft
12/21/2022 12/21/22 Off Market $265,000 -- --
10/04/2022 10/04/22 Price Changed $299,999 -4.8% $316 / Sq Ft
09/21/2022 09/21/22 Price Changed $315,000 -3.1% $332 / Sq Ft
06/13/2022 06/13/22 For Sale $325,000 -- $342 / Sq Ft
Source: Willamette Valley MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,725 $139,960 -- --
2024 $1,725 $135,890 -- --
2023 $1,683 $131,940 $0 $0
2022 $1,592 $128,100 $0 $0
2021 $1,551 $124,370 $0 $0
2020 $1,509 $120,750 $0 $0
2019 $1,454 $117,240 $0 $0
2018 $1,480 $0 $0 $0
2017 $1,297 $0 $0 $0
2016 $1,238 $0 $0 $0
2015 $1,272 $0 $0 $0
2014 $1,216 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • ANGIE BOND

    Buyer's Agent in 2023

    ANGIE BOND

    REALTY ONE GROUP WILLAMETTE VALLEY

    (503) 507-7853

    2 in this area

    33 Total Sales

    ANGIE BOND
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Map

Source: Willamette Valley MLS

MLS Number: 793237

Willamette Valley MLS

APN: 561490

Oregon Marion County Salem 97306 Salem Hills

140 Rees Hill Rd SE, Salem, OR

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright 2026 Williamette Valley Multiple Listing Service.
WVMLS Member Broker: Arlene Richardson.

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