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550 MADRONA AVE Salem, OR $ 354,900
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550 MADRONA AVE
$ 354,900
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550 MADRONA AVE

Salem, OR, 97302
$ 354,900
Bedrooms3 Baths1.0 Sq 1,251

Monthly Estimate*

$ 2,185

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Single Family Home for sale in Salem, OR

for $354,900 with 3 bedrooms and 1 full bath. This 1,251 square foot home was built in 1948 on a lot size of 0.18.

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.

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Single Family Active

Price

$ 354,900

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 2,976

Style

Stories1,Ranch

Lot Size

0.18

Year Built

1948

Town/City

Salem

County/Region

Marion

MLS | Web ID

535788770
Features
Interior
Interior Amenities LaminateFlooring WalltoWallCarpet
Total Fireplaces 1
Hot Water Electricity
Window Features DoublePaneWindows VinylFrames
Total Bathrooms 1.0
Total Bedrooms 3
Total Baths 1
1/2 Baths 0
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General
Sewer PublicSewer
Heating WallHeater
Roof Composition
Appliances Dishwasher Disposal Microwave
Zoning RS
Garage Spaces 2.0
Architectural Style Stories1 Ranch
Year Built 1948
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 572829
County Marion
Property Type Residential
HOA N
Subdivision Name Ewald Fruit Farms
Full Baths 1
Status Active
Directions Madrona Ave S
High School Sprague
City Salem
Disclosures Disclosure
MLS Area _172
Lot Size Square Feet 7840.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Salem Hts
Tax Annual Amount 2976.69
Middle/Junior High School Crossler
Property Condition UpdatedRemodeled
Virtual Tour https://my.matterport.com/show/?m=VKLNgw8534A&mls=1
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description EWALD FRUIT FARMS LOT FR 39 ACRES 0.19
ADU False
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Exterior
Exterior Amenities Fenced
Parking Features Driveway
Lot Features Level Sloped
Water Source PublicWater
Total Parking 2.0
Exterior Description ShakeSiding ShingleSiding
Foundation Details Slab
Building Area Total 1251.0
Lot Dimensions 75x108
Lot Size Acres 0.18
Road Surface Type Concrete Paved
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Internal Only
Street Number 1 550
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* Excluded Features
List By
Works Real Estate

Broker

eddie.z@worksrealestate.co

Email

Affordability Calculator

$2,433
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,185
Monthly Property Taxes
$248
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1977221 Elementary School
1950143 Middle School
Sprague High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/20/2026$354,900 -4.08% Price Down
2/12/2026$370,000 Listed Price

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550 MADRONA AVE, Salem, OR, 97302 is a Single Family Home for sale at $354,900 with 1,251 sqft and a lot size of 0.18. 550 MADRONA AVE has 3 bedrooms, 1.0 baths, and was built in 1948. The property's zip code is 97302 which is in Salem, OR

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