$275,000
$25K PRICE DROP

386 40th Place SE Salem, OR 97317

Estimated payment $1,633/month

Total Views 6,708
3 Beds
1 Bath
1,056 Sq Ft
$260 Price per Sq Ft

Highlights

  • Territorial View
  • No HOA
  • 2 Car Attached Garage
  • Private Yard
  • Wood Frame Window
  • Living Room

About This Home

Fixer-Upper Opportunity in a great Location! Back on market due to buyer financing. This 3 bedroom, 1 bath house has tremendous potential. Features a solid foundation & layout, with a spacious lot offering plenty of room for expansion. Fantastic project for the right buyer looking to put their personal touch on a property and build equity. Sold as-is.

Listing Agent

Brenda Schamp

Northwest Investor Realty License #200711198 Listed on: 09/25/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,175

Year Built

  • Built in 1961

Lot Details

  • 7,840 Sq Ft Lot
  • Lot Dimensions are 105x73
  • Level Lot
  • Private Yard
  • Property is zoned RS

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Fixer Upper
  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Territorial Views
  • Crawl Space

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Four Corners Elementary School
  • Houck Middle School
  • South Salem High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 545304

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,175

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 1
  • Year Built: 1961
  • Property Condition: Fixer
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1, Ranch
  • New Construction: No
  • Property Attached Yn: No
  • Current Price For Status: 275000.0
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 1.0
  • Fireplaces: 1
  • Interior Amenities: VinylFloor, WalltoWallCarpet
  • Basement: CrawlSpace
  • Window Features: WoodFrames
  • Appliances: Dishwasher, FreeStandingRange
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt7000to9999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Main
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: T111Siding
  • Exterior Features: Yard
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Four Corners
  • High School: South Salem
  • Middle Or Junior School: Houck

Lot Info

  • Farm: No
  • Zoning: RS
  • Land Lease: No
  • Lot Size Acres: 0.18
  • Lot Size: 105x73
  • Lot Size Sq Ft: 7840.0
  • Parcel #: 545304

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2175.25

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Tax History

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 $2,175 $131,960 -- --
2024 $2,175 $128,120 -- --
2023 $2,127 $124,390 $0 $0
2022 $1,946 $120,770 $0 $0
2021 $1,928 $117,260 $0 $0
2020 $1,811 $113,850 $0 $0
2019 $1,825 $110,540 $0 $0
2018 $1,841 $0 $0 $0
2017 $1,541 $0 $0 $0
2016 $1,483 $0 $0 $0
2015 $1,452 $0 $0 $0
2014 $1,338 $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 Price Changed $275,000 -8.3% $260 / Sq Ft
10/15/2025 10/15/25 For Sale $300,000 0.0% $284 / Sq Ft
10/06/2025 10/06/25 Pending -- -- --
09/25/2025 09/25/25 For Sale $300,000 -- $284 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 380859591

Regional Multiple Listing Service (RMLS)

APN: 545304