Under contract

Listed by: Brighthome Real Estate Group

$290,000

1121 Cole Rd S, Salem, OR 97306

2beds

2,039sqft

Est.:

Single Family Residence

Built in 1945

0.45 Acres Lot

$284,200 Zestimate^®

$142/sqft

$-- HOA

What's special

Fenced garden areaFinished loftFinished shop with heatLarge covered rv slab

Accepted Offer with Contingencies. Fantastic Rural South Salem opportunity on just under half an acre! 2 Bedroom plus finished loft could be 3rd bedroom. New Roof in approximately 2020. Overall Condition of home warrants cash only buyer. Home and shop are in sound condition but need TLC and rehab. Large covered RV Slab & finished shop with heat. Unfinished basement space with exterior access, ideal for hobby or bonus room. Fenced Garden area. Carport accommodates 2 cars.

124 days

92

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2

Primary bedroom

Level: Main

Dining room

Features: Area (Combination)

Kitchen

Level: Main

Living room

Level: Main

Heating

Wood

Appliances

Included: Electric Range, Electric Water Heater

Features

Loft
Flooring: Laminate, Wood
Basement: Partial
Has fireplace: Yes
Fireplace features: Stove, Wood Burning

Interior area

Total structure area: 2,039
Total interior livable area: 2,039 sqft

Property

Parking

Total spaces: 2
Parking features: Detached, RV Access/Parking
Garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Covered Patio, Deck
Fencing: Fenced
Has view: Yes
View description: Territorial

Lot

Size: 0.45 Acres
Features: Irregular Lot, Landscaped

Details

Additional structures: Workshop, RV/Boat Storage
Parcel number: 533144
Zoning: AR

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Wood Siding
Roof: Composition

Condition

New construction: No
Year built: 1945

Utilities & green energy

Sewer: Septic Tank
Water: Well

Community & HOA

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $142/sqft
Tax assessed value: $413,650
Annual tax amount: $2,436
Price range: $290K - $290K
Date on market: 12/18/2025
Listing agreement: Exclusive Right To Sell
Listing terms: Cash

Estimated market value

$284,200

$270,000 - $298,000

$2,404/mo

Price history

Date	Event	Price
2/5/2026	Contingent	$290,000$142/sqft
Source: WVMLS #836092 Report a problem
12/18/2025	Listed for sale	$290,000+20.8%$142/sqft
Source: WVMLS #836092 Report a problem
12/11/2025	Sold	$240,000+37.2%$118/sqft
Source: Public Record Report a problem
6/4/2015	Sold	$174,900-15.1%$86/sqft
Source: Public Record Report a problem
3/31/2008	Sold	$206,125+19.8%$101/sqft
Source: Public Record Report a problem
9/1/2005	Sold	$172,000$84/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,436 +3%	$191,890 +3%
2024	$2,365 +2.5%	$186,310 +6.1%
2023	$2,308 +2.5%	$175,630
2022	$2,251 +2.7%	$175,630 +3%
2021	$2,193 +2.8%	$170,520 +6.1%
2020	$2,133 +3.8%	$160,740
2019	$2,056 +1.3%	--
2018	$2,029	--
2017	$2,029 +19.6%	--
2016	$1,697	--
2015	$1,697 +1.8%	--
2014	$1,667	--