Listed by RHEOLA COY • PREMIERE PROPERTY GROUP, LLC ALBANY (Cell: 503-999-5088).

For sale

$569,000

Est. $3,656/mo —

•

2,400

sq ft

5445 Reed Ln SE, Salem, OR 97306

About this home

LOCATION, LIFESTYLE & VALUE — Exceptional Space, Updates & Location at a NEW PRICE! Situated on a spacious, beautifully landscaped 0.29-acre lot, this extensively updated 3-bedroom, 2-bath home offers 2,400 sq. ft. of comfortable living space, privacy and convenience in an established South Salem neighborhood surrounded by well-maintained homes. Thoughtfully updated in 2025 and 2026, the home features new luxury vinyl plank flooring, new bedroom carpet, fresh interior paint, new roof, siding, exterior paint and a new insulated garage door. Inside, you'll find granite countertops, stainless steel appliances, vaulted ceilings, spacious bedrooms, and both a wood-burning and electric fireplace. Step outside and enjoy the beautifully landscaped backyard, mature trees, koi pond water feature and expansive deck—perfect for relaxing, entertaining or gardening. The oversized lot also provides room for RV parking, recreational toys and additional storage, all with NO HOA. And the location is hard to beat—just steps from Pringle Elementary School and Wes Bennett Park and minutes from shopping, dining and I-5. With 2,400 sq. ft., extensive recent updates and a 0.29-acre lot, this new price creates an opportunity you don't want to overlook.

Single-familyProperty Type

1990Year Built

0.29 acresLot Size

$237Price/Sq.Ft.

2 car garageParking

Listed by RHEOLA COY • PREMIERE PROPERTY GROUP, LLC ALBANY

Contact: Cell: 503-999-5088

Listing updated: Aug 21, 2026 at 11:24pm

Redfin checked: a few seconds ago

•Source:WVMLS #841558

Payment calculator

$3,656 per month

Principal and interest$2,990

Property taxes

$552

HOA dues

Home insurance

$114

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN SAT, 11AM TO 1PM
$539,900
4 beds2.5 baths2,282 sq ft
6695 McLeod Ln NE, Keizer, OR 97303
OPEN SAT, 11AM TO 1PM
$575,000
4 beds3 baths2,119 sq ft
3364 Huckleberry Ct S, Salem, OR 97302
OPEN SAT, 11AM TO 1PMVIDEO TOUR
$445,000
3 beds1.5 baths1,351 sq ft
1010 Electric Ave SE, Salem, OR 97302
OPEN SAT, 11AM TO 2PM3D & VIDEO TOUR
$409,900
3 beds3 baths1,360 sq ft
4151 Gardner Rd SE, Salem, OR 97302
Mark Shadrin • Berkshire Hathaway HomeServices Real Estate Professionals
OPEN SAT, 12PM TO 2PM
$409,900
3 beds1.5 baths1,280 sq ft
4742 Oak Park NE, Salem, OR 97305
OPEN SAT, 1PM TO 3PM
$650,000
5 beds3 baths2,839 sq ft
1075 Hansen Ave S, Salem, OR 97302
OPEN SAT, 2PM TO 4PM
$699,000
4 beds3 baths2,680 sq ft
2354 Bluebell Ave, Salem, OR 97306
Wendi Mueller • Keller Williams Realty Portland Premiere
OPEN SAT, 4PM TO 6PMVIDEO TOUR
$420,000
3 beds2 baths1,374 sq ft
1874 S Cedarcrest Dr, Salem, OR 97306
Vanessa Quevedo-Coria • HomeSmart Realty Group
OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$1,295,000
4 beds4 baths3,215 sq ft
4981 SE Shadow Hills Dr, Turner, OR 97392
Oksana Foksha • HomeStar Brokers
OPEN SUN, 1:30PM TO 4:30PM
$499,900
3 beds2 baths1,734 sq ft
4887 49th Ave NE, Salem, OR 97305

Around this home

Schools

K - 12
Preschool & daycare

Pringle Elementary School

Public K-5 • Assigned • 0.1mi

5/10

Judson Middle School

Public 6-8 • Assigned • 1.6mi

6/10

South Salem High School

Public 9-12 • Assigned • 3.3mi

5/10

Provided by GreatSchools

About South

Gateway

South Gateway, located between Commercial Street SE and I-5, is a residential and retail Salem neighborhood with big-box corridors and pockets of mid-century streets. The neighborhood’s character concentrates around the Commercial St SE and Kuebler Blvd SE crossroads, where shopping plazas, coffee counters, and service storefronts keep the sidewalks in motion. Ranch-style homes and newer subdivisions sit behind arterial roads, with cul-de-sacs and greenbelts shaping a quieter street rhythm. The I-5 edge reads as a working gateway, while interior blocks feel more buffered. Nearby trail segments and parks add a reset from the traffic lanes.

Provided by Walk Score and Local Logic

Offer insights

5445 Reed Ln SE · $569,000

Strong offer

$569K and above

75% chance or better to win

Why $569K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 51 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Fireplaces in the living room and another room; wood-burning and electric options
High-speed internet access available
Smart home features (refer to remarks)

Bedrooms
Master bedroom on the upper level
Second and third bedrooms on the upper level

Bathrooms
Two full bathrooms

Kitchen
Dishwasher
Electric range
Granite countertops (per remarks)
Stainless steel appliances (per remarks)
All kitchen appliances included

Laundry & utility
Washer and dryer included
Main-level utility room

Flooring
Carpet
Tile
Laminate
Luxury vinyl plank (new on main level per remarks)

Heating & cooling
Wood heating
Heat pump
Forced air
Central air conditioning

Sale and tax history for 5445 Reed Ln SE

Sale History
Tax History

Date

Event

Price

WVMLS #841558

Aug 6, 2026

Price Changed

$569,000

$237/sq ft

Jul 20, 2026

Price Changed

$585,000

$244/sq ft

Jun 17, 2026

Listed

$600,000

$250/sq ft

Public Records

Aug 12, 2014

Sold

$186,900

$78/sq ft

WVMLS #637174

Aug 6, 2011

Listing Removed

—

Jul 21, 2011

Contingent

—

Jul 12, 2011

Price Changed

$169,900

$71/sq ft

Jun 15, 2011

Price Changed

$177,500

$74/sq ft

Jun 15, 2011

Relisted

—

Jun 11, 2011

Listing Removed

—

May 10, 2011

Price Changed

$189,900

$79/sq ft

Feb 4, 2011

Listed

$199,900

$83/sq ft

Public Records

Mar 22, 1996

Sold

$165,000

$69/sq ft

Join or sign in to view all info

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.29 Acres

Year renovated

1990

Finished Sq. Ft.

2,400

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,400

Year built

1990

Style

Single Family Residential

County

Marion County

APN

575420

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 31, 2026.

Residential Agriculture Zone

The purpose of the Residential Agriculture RA Zone is to implement the developing residential designation for the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. The RA zone generally allows single family, two family, three, family, and four family residential uses, agricultural uses, and other uses that are compatible with and/or provide support and services to the residential area.

Permitted uses

Include but are not limited to:

Agriculture
Livestock production
Day care facility
General retail
Housing-Single unit
Housing-Multiple units
Infrastructure
Library
Housing-Mobile home park
Park & open space

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

7 days above 91° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

12 unhealthy days expected this year, 13 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

89/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.9 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5445 Reed Ln SE

$560,800

$8,200 under list price of $569K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $750K.

SOLD NOV 19, 2025
$455,000 Last sold price
3 beds2.5 baths1,993 sq ft
2236 Shiloh Ct SE, Salem, OR 97306
$9/sq ft
smaller lot
3 years newer
SOLD AUG 21, 2026
$615,000 Last sold price
4 beds2.5 baths2,413 sq ft
5450 Woodmill Dr SE, Salem, OR 97306
$18/sq ft
smaller lot
11 years newer
SOLD DEC 2, 2025
$665,000 Last sold price
5 beds3 baths2,877 sq ft
2323 Thrush Ct, Salem, OR 97306
$6/sq ft
larger lot
11 years older
SOLD APR 8, 2026
$450,000 Last sold price
3 beds2.5 baths1,579 sq ft
5447 Sugar Plum St SE, Salem, OR 97306
$48/sq ft
smaller lot
13 years newer
SOLD JUN 5, 2026
$749,900 Last sold price
5 beds3.5 baths2,469 sq ft
2323 Baxter Rd SE, Salem, OR 97306
$67/sq ft
smaller lot
36 years newer
SOLD MAY 8, 2026
$480,000 Last sold price
3 beds2.5 baths1,911 sq ft
1669 Abbie Ave SE, Salem, OR 97306
$14/sq ft
smaller lot
15 years newer

Rental earnings

Est. $2,755 per month, based on comparable rentals

Tour for free, no strings attached

Make a winning offer with the help of a local agent

(503) 410-7765

Early Access listings

EARLY ACCESSREDFIN COMING SOON

$525,000

4 beds3 baths1,686 sq ft

4535 SW 54th Pl, Portland, OR 97221

EARLY ACCESSREDFIN COMING SOON

$695,000

3 beds3 baths1,837 sq ft

2747 NW Raleigh St #2, Portland, OR 97210

Nearby similar homes

$525,000

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VIDEO TOUR

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Emily Brock • Keller Williams Capital City

3D WALKTHROUGH

$599,900

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Derrick Emmert • White Star Realty, Inc

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Greg Kessinger • John L. Scott

3D WALKTHROUGH

$574,000

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Colleen Benson • Keller Williams Capital City

New listings for sale in 97306

NEW 1 HR AGO

$475,000

3 beds2 baths1,729 sq ft

1765 Cinnamon Hill Dr SE, Salem, OR 97306

Danika Forrester • RE/MAX Equity Group

NEW 26 HRS AGO3D & VIDEO TOUR

$447,000

2 beds2 baths1,434 sq ft

1101 Pawnee Cir SE, Salem, OR 97306

$440,000

3 beds2 baths1,403 sq ft

127 Miranda Ave SE, Salem, OR 97306

$624,900

4 beds2.5 baths2,568 sq ft

5549 Bellflower Ct SE, Salem, OR 97306

$562,700

4 beds2.5 baths2,398 sq ft

675 Hazeltine Ave SE, Salem, OR 97306

$149,000

3 beds2 baths1,072 sq ft

1652 Wiltsey Rd SE #12, Salem, OR 97306

Gina Hosford • Better Homes & Gardens Realty

OPEN SAT, 4PM TO 6PMVIDEO TOUR

$420,000

3 beds2 baths1,374 sq ft

1874 S Cedarcrest Dr, Salem, OR 97306

Vanessa Quevedo-Coria • HomeSmart Realty Group

$409,900

3 beds2 baths1,390 sq ft

620 Ironwood Dr SE, Salem, OR 97306

$379,900

3 beds2 baths1,361 sq ft

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Details provided by WVMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Mortgage resources

See this home in person

Nearby open houses (10)

Around this home

Schools

Offer insights

Property details

Sale and tax history for 5445 Reed Ln SE

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 5445 Reed Ln SE

Early Access listings

Nearby similar homes

New listings for sale in 97306

More real estate resources