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$360,106

Listing Price

3beds

1baths

1,251sqft

7,841sqft lot

550 Madrona Ave S, Salem, OR 97302

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

287.85

Price / sqft

1948

Year built

Home Details

Charming South Salem home in a well-established neighborhood. This 4-bedroom, 1-bath residence offers a functional layout with comfortable living spaces and plenty of natural light. Situated on a generous lot, the property provides room to enjoy outdoor living, gardening, or future possibilities. Conveniently located near parks, schools, shopping, and major commuter routes. A great opportunity to own in desirable South Salem.

Interior Details

Square Feet
  • 1251

Bedrooms
  • 3

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Baseboard

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Oil

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 7841

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • Wood Shingle

Foundation
  • N/A

Roof
  • Hip

Roofing Material
  • Composition Shingle

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$2,383

$0

$0

--%

$125,000

2019

$2,299

$0

$0

--%

$121,360

2018

$2,340

$0

$0

--%

$117,830

2017

$2,112

$0

$0

--%

$114,400

2016

$1,815

$0

$0

--%

$100,200

2014

$1,770

$0

$0

--%

$94,460

2013

$1,733

$0

$0

--%

$91,710

2012

$1,692

$0

$0

--%

$89,040

percent-home-icon

Average Home Price in 97302

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$354,977

3 Beds

1.5 Baths

1,128 Sqft

6,098 Lot (sqft)

Sold 09/03/2026

$349,165

3 Beds

1 Baths

1,140 Sqft

10,019 Lot (sqft)

Sold 07/28/2026

$339,207

3 Beds

1.5 Baths

1,286 Sqft

11,761 Lot (sqft)

Sold 10/06/2026

$576,000

3 Beds

2 Baths

1,105 Sqft

9,148 Lot (sqft)

Sold 09/29/2026

$360,106

3 Beds

1 Baths

1,251 Sqft

7,841 Lot (sqft)

Sold 10/06/2026

$405,000

3 Beds

2 Baths

1,225 Sqft

5,663 Lot (sqft)

Sold 09/29/2026

$479,900

3 Beds

2 Baths

1,330 Sqft

6,534 Lot (sqft)

Sold 09/29/2026

$403,754

3 Beds

2 Baths

1,165 Sqft

9,583 Lot (sqft)

Sold 10/06/2026

$446,296

3 Beds

1.5 Baths

1,281 Sqft

10,454 Lot (sqft)

Sold 10/06/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
360,106
$
Down payment
72,021.2
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,160.63
$
HOA (Monthly)
0
$
PMI
0
$
$2,331
Your Payment
Total Monthly Payment:$2,331
Percent of Income:40%
Affordable:No

Details for 550 MADRONA AVE S

Property Debt

Foreclosure Contact Details