This home is located at 5461 Monterey Dr SE, Salem, OR 97306 and is currently priced at $275,000, approximately $114 per square foot. This property was built in 1995. 5461 Monterey Dr SE is a home located in Marion County with nearby schools including Lee Elementary School, Judson Middle School, and South Salem High School.
Last Agent to Sell the Property
HERITAGE NW REALTY GROUP, LLC License #980300148 Listed on: 07/16/2013
$285,000
As-IS PRICED TO SALE - Large lot , lots of potential, needs TLC , buyer to due own due diligence on zoning potential. Existing home is 2 bedroom/ 1 bath, Kitchen, living room and formal dining room. Storage available in attic space. Laundry room in hallway between garage and kitchen. large back yard with lots of potential. RV parking available with 3 car parking driveway.
Karen Peters SUNDANCE REALTY LLC
$330,000
Stylish & move-in ready! Seller to provide $5,000 rate buydown! This updated condo in south Salem offers 2 bedrooms plus a loft area for study or exercise room, 2-car garage, gas fireplace, gas range, built-in water filter, cork flooring, quartz countertops w/recycled glass, wood blinds, new Bosch furnace & covered back patio w/gas hookup—great for entertaining. Enjoy pool, clubhouse,
ERIN GARIBAY HOMESMART REALTY GROUP
$270,000
Investors Alert! 2 BR 1 Bath home on a corner lot. Some remodeling done. New countertops, cabinets, lighting, 2023 Appliances. New Bathroom, flooring, vanity, tile backsplash, shower, exhaust fan & toilet. Roof is 9 years old. The garage has room for a small car or storage & a separate room to relax in. Appraised for $290,000 in 2023 after renovations.
Julie Boeder COLDWELL BANKER MOUNTAIN WEST REAL ESTATE, INC.
$325,000
Unlock the potential of this downtown Salem property with rare and flexible zoning! Located on a 0.22-acre lot, this turn-of-the-century home offers 3 bedrooms, 2 bathrooms, and 1,324 square feet of vintage charm—plus incredible upside for investors, developers, or homeowners. Zoned RM-II, the property allows for single-family, multi-family, or high-rise apartment development. It’s also approved
Nick Shivers KELLER WILLIAMS PORTLAND CENTRAL
$319,900
Accepted Offer with Contingencies. Perfect starter home or investment property 3 bed, 1 bath home with a great layout and spacious kitchen, Wood floors in living and dining room. Lots of closet space in each room. Built-ins in hallway. Fireplace in living room. Upgraded electrical panel. Cadet heaters in bedrooms. Large detached laundry room gives room for added storage or potential for small
Lisa Santana BST REALTY, LLC
$317,449
Seller may consider some concessions depending on offer! Charming Home w/ a Private Backyard Oasis! Enjoy your private backyard. Partially fenced yard with fruit trees, berry bushes, grapevines, & a beautiful hibiscus tree! This well-maintained home features a brand-new heating & cooling system, newer roof, siding, fresh paint, Garage and carport, Plus a bonus room, screened porch, garage & RV
Karen Yakis EXP REALTY, LLC
$319,900
Welcome to this wonderful home featuring a fantastic floor plan with spacious bedrooms! Enjoy a large, fenced backyard perfect for outdoor activities and entertaining. Located within the desirable Sprague High School boundary. Need some TLC
Steve Ahmed Knipe Realty ERA Powered
$245,000
Accepted Offer with Contingencies. Move-in ready with great use of every square foot! Features private front patio & custom back deck overlooking open field. Updated vinyl windows, new doors throughout, plus cadet heating. Convenient close parking. HOA covers water, sewer, garbage, exterior maintenance & pool access. Perfect blend of privacy and community amenities in prime location! Refer to MLS
Damonian Pike BERKSHIRE HATHAWAY HOMESERVICES R E PROF
$239,900
Attention investors, terrific south Salem location do not often come up at this price! Vaulted ceilings, corner lot, covered patio. Garage has been converted to a shop area. Ready for your vision and priced accordingly. Ambitious homeowners are welcome to submit w/ their rehab loans. See Instructions.
Derrick Emmerty White Star Realty, Inc
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $275,000 | Amerititle | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $261,250 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $148,000 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Purchase Money Mortgage |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 07/09/2025 07/09/25 | Price Changed | $544,000 | -2.7% | $227 / Sq Ft |
| 06/11/2025 06/11/25 | For Sale | $559,000 | +103.3% | $234 / Sq Ft |
| 09/11/2013 09/11/13 | Sold | $275,000 | +0.9% | $115 / Sq Ft |
| 07/27/2013 07/27/13 | Pending | -- | -- | -- |
| 07/16/2013 07/16/13 | For Sale | $272,500 | -- | $114 / Sq Ft |
| 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 |
|---|---|---|---|---|
| 2024 | $6,067 | $309,000 | -- | -- |
| 2023 | $5,888 | $300,000 | $0 | $0 |
| 2022 | $5,552 | $291,270 | $0 | $0 |
| 2021 | $5,393 | $282,790 | $0 | $0 |
| 2020 | $5,236 | $274,560 | $0 | $0 |
| 2019 | $5,052 | $266,570 | $0 | $0 |
| 2018 | $5,141 | $0 | $0 | $0 |
| 2017 | $4,640 | $0 | $0 | $0 |
| 2016 | $4,420 | $0 | $0 | $0 |
| 2015 | $4,453 | $0 | $0 | $0 |
M
Seller's Agent in 2025
Melissa Stone
SMI REAL ESTATE
J
Seller Co-Listing Agent in 2025
Jeff Harrison
SMI REAL ESTATE
B
Seller's Agent in 2013
Bill Walson
HERITAGE NW REALTY GROUP, LLC
J
Buyer's Agent in 2013
JUDY PRICE-KIRK
ELITE REALTY GROUP
Source: Willamette Valley MLS
MLS Number: 666795
APN: 594109
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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. WVMLS Member Broker: Arlene Richardson