OFF MARKET
Google satellite image for 720 Rees Hill Rd SE, Salem, OR 97306
Off Market Nov 1992 for $12K
$592,082
Est. refi paymentEst. refi $84/mo
2
bd
•
2 ba
•
1,517
sq ft

720 Rees Hill Rd SE, Salem, OR 97306

map-entry

About this home

720 Rees Hill Rd SE is a 1,517 square foot house on a 2.35 acre lot with 2 bedrooms and 2 bathrooms. - it last sold on November 09, 1992 for $12,800. Based on Redfin's Salem data, we estimate the home's value is $592,082.
Single-familyProperty Type
1993Year Built
2.35 acresLot Size
$390Est. Price/Sq.Ft.
Source:Public Records

Redfin Estimate

$592,082
$579K since sold in November 1992$13K since August

This home's estimate is 29.1% higher than the average sale price ($459K) of 6 comparable homes.

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Earn from this home

Sell
$556,012
Est. take-home

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Refinance
$0
Est. cash available

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Rent
$2,497/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

Provided by Redfin

Sale history for 720 Rees Hill Rd SE

Tax history for 720 Rees Hill Rd SE

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

Zoning and permits

SA

Special Agriculture District

The SA special agriculture zone is applied in areas characterized by small farm operations or areas with a mixture of good and poor farm soils where the existing land use pattern is a mixture of large and small farm units and some acreage homesites. The farm operations range widely in size and include grazing of livestock, orchards, grains and grasses, Christmas trees and specialty crops. The range in size of management units presents no significant conflicts and allows optimum resource production from areas with variable terrain and soils. It is not deemed practical or necessary to the continuation of the commercial agricultural enterprise that contiguous ownerships be consolidated into large parcels suitable for large-scale management. Subdivision and planned developments, however, are not consistent with the purpose of this zone and are prohibited.
Permitted uses

Include but are not limited to:

  • Agriculture

Property details

Around this home

Schools

Sumpter Elementary School

Public K-5 • Assigned • 1.7mi

4/10
Crossler Middle School

Public 6-8 • Assigned • 1.8mi

3/10
Sprague High School

Public 9-12 • Assigned • 2.9mi

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

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

3/10 Heat Factor

7 days above 90° 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)
46
35
48
37
55
41
62
43
68
47
75
52
83
56
83
58
75
54
62
46
51
42
47
40
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
$563,000 – $681,000

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Nearby similar homes

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New listings for sale in 97306

NEW 1 MIN AGO
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3D WALKTHROUGH
$549,000
3 beds2.5 baths1,724 sq ft
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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
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Tarah Fair • Realty One Group Willamette Valley

Home values near 720 Rees Hill Rd SE

Data from public records.

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