1040 Rural Ave SE is a 966 square foot house on a 7,405 square foot lot with 3 bedrooms and 1 bathroom. - it last sold on October 31, 2017 for $153,000. Based on Redfin's Salem data, we estimate the home's value is $320,472.
Single-familyProperty Type
1946Year Built
7,405 sq ftLot Size
$332Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$320,472
$167K since sold in October 2017$3,000 since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 13% lower than the average sale price ($368K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Heating & Cooling
Heating Type: Stove
Exterior
Exterior Information
Foundation Type: Concrete
Exterior Wall: Plywood
Building Type: Single Family
Property Information
Subdivision Name: NOB HILL ANX
Living Sq. Ft: 966
Ground Floor Sq. Ft: 966
Building Sq. Ft: 1,182
# of Stories: 1
Legal Description: NOB HILL ANNEX, BLOCK 13, LOT 2, ACRES 0.166
Parking & Garage Information
Parking Type: Attached Finished Garage
Garage/Parking Sq. Ft: 216
Garage / Carport Type: Attached Finished
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,405
Legal Lot Number: 2
Legal Block Number: 13
Municipality Type: 01
Acres: 0.17
Zoning Code: RM2
County Use Description: SFR ONE STORY ONLY
State Use Description: RES IMPROVED 1 AC AND UNDER
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 966
Stories: 1.0
Lot Size: 7,405 square feet
Style: Single Family Residential
Year Built: 1946
Year Renovated: 1946
County: Marion County
APN: 583750
Home facts updated by county records on Aug 31, 2026
Around this home
Schools
Bush Elementary School
Public K-5 • Assigned • 0.9mi
7/10
Leslie Middle School
Public 6-8 • Assigned • 1.5mi
5/10
South Salem High School
Public 9-12 • Assigned • 0.3mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Salem’s market is slower, with prices relatively steady and homes taking longer to sell. Sellers need competitive pricing, while buyers may have more time to decide and room to negotiate on price, closing costs, or repairs.