OFF MARKET

Off Market Sep 2023 for $355K

$490,313

Est. refi paymentEst. refi $2,334/mo

•

2,043

sq ft

340 Rees Hill Rd, Salem, OR 97306

About this home

Home on 1.64 Acres in desirable South Salem location. This property is fairly level. The house will require a major rehab from the foundation up. The upstairs rooms are framed only. Main level has large drop down living room, family room, Kitchen, DR, office (potential as a 4th bdrm) and full Bthrm. The grounds have a lot lot of potential. Long circular driveway. Home is set deep off the road providing for nice seclusion.

Single-familyProperty Type

1948Year Built

1.64 acresLot Size

$240Est. Price/Sq.Ft.

2 car garageParking

Listed by Gladys Blum • Blum Real Estate

Contact: gladys@blumre.com

Bought with Natalie Rybakov • Coldwell Banker Mountain West

Redfin checked: 2 minutes ago

•Source:RMLS #23673971

Redfin Estimate

$490,313

$135K since sold in September 2023$28K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 15% lower than the average sale price ($577K) of 6 comparable homes.

SOLD JUN 15, 2026
$265,000
A
2 beds2 baths2,039 sq ft
1121 Cole Rd, Salem, OR 97306
SOLD JUL 29, 2026
$640,000
B
3 beds2 baths2,151 sq ft
5980 Smoketree Dr SE, Salem, OR 97306
SOLD MAR 20, 2026
$700,000
C
3 beds2 baths1,772 sq ft
1981 C J Way S, Salem, OR 97306
SOLD JUL 8, 2026
$620,000
D
3 beds3 baths2,400 sq ft
7411 Liberty Rd S, Salem, OR 97306
SOLD DEC 17, 2025
$583,000
E
3 beds2 baths1,790 sq ft
6542 Liberty Rd, Salem, OR 97306
SOLD MAY 7, 2026
$655,000
F
3 beds2 baths1,470 sq ft
6782 Rainbow Dr SE, Salem, OR 97306

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Earn from this home

Sell

$191,084

Est. take-home

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Refinance

Est. cash available

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Rent

$2,679/mo

Redfin rental estimate

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Market trends in 97306, OR

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

99.0%

0.1% MoM

Median sale price

$502K

$7K MoM

Avg. days on market

55d

8 days MoM

Recently sold homes

133

4 MoM

New listings for sale

NEW 1 MIN AGO
1885 Skyline Ct S, Salem, OR 97306
$489,900
4 beds2 baths1,854 sq ft
1885 Skyline Ct S, Salem, OR 97306
NEW 25 HRS AGO
$435,000
3 beds2.5 baths1,781 sq ft
1340 Classico Ct SE, Salem, OR 97306
$550,000
3 beds2.5 baths1,982 sq ft
5970 Lone Oak Rd SE, Salem, OR 97306
3D WALKTHROUGH
$549,000
3 beds2.5 baths1,724 sq ft
6081 Eagle Dance St S, Salem, OR 97306
$259,900
2 beds1.5 baths864 sq ft
1339 Madras St SE, Salem, OR 97306
$254,900
3 beds2 baths1,755 sq ft
2120 Robins Ln SE #136, Salem, OR 97306
$300,000
3 beds1 bath1,008 sq ft
1090 Sharon Lp SE, Salem, OR 97306
$440,000
3 beds2 baths1,570 sq ft
1575 Sandstone Ct S, Salem, OR 97306
$699,900
4 beds3 baths2,532 sq ft
2770 Foxhaven Dr SE, Salem, OR 97306
Tarah Fair • Realty One Group Willamette Valley
3D WALKTHROUGH
$654,900
5 beds3.5 baths3,019 sq ft
5567 Wigeon St SE, Salem, OR 97306
See all

Provided by Redfin

Sale history for 340 Rees Hill Rd

Date

Event

Price

Greater Lansing AoR #809354

Sep 29, 2023

Sold

$355,000

$174/sq ft

Sep 29, 2023

Sold

$355,000

$174/sq ft

Sep 8, 2023

Listed

$279,900

$137/sq ft

Sep 8, 2023

Listed

$279,900

$137/sq ft

+28

Home on 1.64 Acres in desirable South Salem location. This property is fairly level. The house will require a major rehab from the foundation up. The upstairs rooms are framed only. Main level has large drop down living room, family room, Kitchen, DR, office (potential as a 4th bdrm) and full Bathroom. The grounds have a lot lot of potential. Long circular driveway. Home is set deep off the road providing for nice seclusion.

RMLS #23673971

Sep 29, 2023

Sold

$355,000

$174/sq ft

Sep 25, 2023

Pending

—

Sep 8, 2023

Listed

$279,900

$137/sq ft

Public Records

Jul 22, 2022

Sold

$399,900

$196/sq ft

Public Records

Sep 7, 2004

Sold

$185,000

$91/sq ft

Tax history for 340 Rees Hill Rd

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

1.64 Acres

Year renovated

1957

Sq. Ft.

2,043

Year built

1948

Style

Single Family Residential

County

Marion County

APN

561447

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 31, 2026.

Jun 18, 2025 • Final

Residential electrical

Install a new electrical service with branch circuits for an existing garage.

Electrical

May 14, 2024 • Final

Residential structural

Construct a shop building featuring a home office, bathroom, and kitchenette.

Addition

ADU

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Parking Features: Driveway, Off Street
RV Description: RV Parking
Parking Total: 2

Garage Information
Garage Type: Detached
Garage Spaces: 2

Interior

Interior Features
Fireplace YN: Yes
Fireplaces Total: 1
Fireplace Features: Insert, Wood Burning
Window Features: Aluminum Frames
Basement: Crawl Space

Bathroom Information
Bathrooms Full: 2
Bathrooms Full Main Level: 1
Bathrooms Full Upper Level: 1
Bathrooms Total Integer: 2
Bathrooms Total Main Level: 1
Bathrooms Total Upper Level: 1
Baths Total: 2

Room 7 Information
Description: 2nd Bedroom

Room 8 Information
Description: 3rd Bedroom

Room 9 Information
Description: Dining Room

Room 10 Information
Description: Family Room

Room 11 Information
Description: Kitchen

Room 12 Information
Description: Living Room

Room 13 Information
Description: Primary Bedroom
Level: Upper

Room 14 Information
Description: Great Room

Exterior

Exterior Features
Exterior Features: Porch, RV Parking, Tool Shed
Exterior Description: Wood Siding

Lot Information
Lot Size Square Feet: 71,438
Lot Size Range: 1 to 2.99 Acres
Lot Size Acres: 1.64
Lot Size: 1 to 2.99 Acres
Lot Features: Gentle Sloping, Level, Trees
Parcel Number: 561447
Road Surface Type: Gravel

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Property Attached YN: No
Property Condition: Resale
Upper Level Area Total: 400
Main Level Area Total: 1,643
View YN: Yes
View Description: Territorial

Building Information
Year Built: 1948
Building Area Total: 2,043
Building Area Description: County
Building Area Calculated: 2,043

Financial

Tax Information
Tax Year: 2022
Tax Legal Description: SUNNYSIDE FRUIT FARMS NO 9, LOT 1, ACRES 1.64
Tax Annual Amount: $2,816.53

Utilities

Utility Information
Green Certification YN: No
Fuel Description: None
Water Source: Other
Sewer: Other

Heating & Cooling
Heating YN: No
Cooling YN: No

Location

School Information
Elementary School: Sumpter
Middle Or Junior School: Crossler
High School: Sprague

Location Information
Directions: Liberty
Unparsed Address: 340 REES HILL RD, Salem, OR 97306

Community Information
Senior Community YN: No
Zoning: RA

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 2,043
Stories: 2.0
Lot Size: 1.64 acres
Style: Single Family Residential
Year Built: 1948
Year Renovated: 1957
County: Marion County
APN: 561447

Home facts updated by county records on Aug 31, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

New Construction Information
New Construction YN: No

Around this home

Schools

Sumpter Elementary School

Public K-5 • Assigned • 1.5mi

4/10

Crossler Middle School

Public 6-8 • Assigned • 1.3mi

3/10

Sprague High School

Public 9-12 • Assigned • 2.3mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

6 days above 90° expected this year, 11 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

11 unhealthy days expected this year, 11 days in 30 years

Provided by First Street

Historical weather

Salem, OR • 97306

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.9 hours in June and 2.1 hours in December, placing it below the U.S. average for solar exposure.

9.9 hrs

2.1 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$466,000 – $564,000

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New listings for sale in 97306

NEW 1 MIN AGO

$489,900

4 beds2 baths1,854 sq ft

1885 Skyline Ct S, Salem, OR 97306

NEW 25 HRS AGO

$435,000

3 beds2.5 baths1,781 sq ft

1340 Classico Ct SE, Salem, OR 97306

$550,000

3 beds2.5 baths1,982 sq ft

5970 Lone Oak Rd SE, Salem, OR 97306

3D WALKTHROUGH

$549,000

3 beds2.5 baths1,724 sq ft

6081 Eagle Dance St S, Salem, OR 97306

$259,900

2 beds1.5 baths864 sq ft

1339 Madras St SE, Salem, OR 97306

$254,900

3 beds2 baths1,755 sq ft

2120 Robins Ln SE #136, Salem, OR 97306

$300,000

3 beds1 bath1,008 sq ft

1090 Sharon Lp SE, Salem, OR 97306

$440,000

3 beds2 baths1,570 sq ft

1575 Sandstone Ct S, Salem, OR 97306

$699,900

4 beds3 baths2,532 sq ft

2770 Foxhaven Dr SE, Salem, OR 97306

Tarah Fair • Realty One Group Willamette Valley

Home values near 340 Rees Hill Rd

Data from public records.

Address	Redfin Estimate
330 Rees Hill Road Southeast, Salem, OR 3 Beds \| 1 Baths \| 1356 Sq. Ft.	$466,226
351 Rees Hill Road Southeast, Salem, OR 2 Beds \| 1 Baths \| 1832 Sq. Ft.	$533,705

Address	Redfin Estimate
411 Rees Hill Road Southeast, Salem, OR 3 Beds \| 2 Baths \| 1782 Sq. Ft.	$231,836
434 Rees Hill Road Southeast, Salem, OR 3 Beds \| 1 Baths \| 924 Sq. Ft.	$432,476

Address	Redfin Estimate
381 Rees Hill Road Southeast, Salem, OR 3 Beds \| 3 Baths \| 1936 Sq. Ft.	$716,185
241 Rees Hill Road Southeast, Salem, OR 2 Beds \| 1 Baths \| 1105 Sq. Ft.	$493,895

Property information provided by RMLS when last listed in 2023. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 97306, OR

Sale history for 340 Rees Hill Rd

Tax history for 340 Rees Hill Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97306

Home values near 340 Rees Hill Rd

More real estate resources