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For salePrice cut: $25K (7/2)
$2,475,000
5beds
4,498sqft

3471 Cole Rd S, Salem, OR 97306

5beds
4,498sqft
Single family residence
Built in 2005
20.19 Acres
4 Attached garage spaces
$550 price/sqft

What's special

Large patioThoughtfully landscaped architecture

Spectacular home and land located in a lovely south Salem country setting with some flat pastures & gentle rolling slopes. Featuring a 5-bedroom, 3-full bath, and 2-half bath plan. Kitchen boasts Hickory Cabinets and Granite Counters w/an Island & Pantry. Gas Range and Dual Convection Ovens add inspiration. Overlooking stunning mountain and territorial views, just steps to an expansive outdoor deck on two sides of the home, perfect for entertaining. Main bedroom suite is spacious w/high ceilings (see add't) hardwood flrs, real wood FP, large walk-in closet & balcony. Bathroom adorned w/jetted tub, large his & her tiled shower, 2-sinks and a gas FP. Main level features 1-bedroom, office-bonus rm and a comfortable living room w/gas FP. Downstairs you will find the family room w/game or theater options, a half-bath and 2-bedrooms with a Jack & Jill bath. Behind this … a safe room with monitored multi-camera security system, A/V wiring hub & central vacuum. Attached is a dual living apartment w/a living area, bedroom, full bath and a small kitchen, w/its own water heater & entrance. The first two-car garage has a mud room with utility shower and sink. Recent improvements inc a new roof, newer interior/exterior paint, large number of electrical upgrades including lighting, water faucets and a newer heat pump & new satellite internet. The outdoors greets you with thoughtfully landscaped architecture, inc a large patio, a paver patio w/Gas Firepit, Koi Pond and a Hot Tub. All plumbing & electrical services are underground. The grounds feature 7-separate fenced pastures each stubbed w/water irrigation hookups. Automated gated entryway enjoys Wi-Fi connectivity. The second two-car garage or shop is attached to the barn with heat & half-bath options. The barn is a fully enclosed 60’ x 90’ arena w/lighting & tall RV sliding doors on both sides. Adjacent are 5-large horse stalls each with an automatic watering system & drainage. Outside are three covered bays for hay, equipment, etc. A rain catchment system next to barn gathers & stores 5,000-gallons of water in 2-cisterns. There is a custom high-end tree house with water and power. Low property taxes comparative to value. Barn and land can be re-purposed for a variety of uses. Maybe a Sports Court, Storage Facility, Hobby Farm, Event Hosting (Weddings or Parties) or even a B & B? There is a back entrance to property with access to the outbuildings. A truly amazing place to call home where you can make your dreams come true!

138 days
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469
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11
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Source: WVMLS,MLS#: 839753MLS Logo
Travel times

Living Room

Kitchen

Bedroom

Zillow last checked:

Listing updated:

Listed by:

GARY BAUER- P.C. Direc:503-932-0975,

Knipe Realty Era Powered

Source: WVMLS,MLS#: 839753MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2
  • Main level bathrooms: 1
Primary bedroom
  • Level: Upper
Bedroom 2
  • Level: Lower
Bedroom 3
  • Level: Lower
Bedroom 4
  • Level: Upper
Dining room
  • Features: Area (Combination)
  • Level: Main
Family room
  • Level: Lower
Kitchen
  • Level: Main
Living room
  • Level: Main
Heating
  • Electric, Forced Air, Heat Pump, Propane
Appliances
  • Included: Dishwasher, Disposal, Built-In Range, Convection Oven, Down Draft, Gas Range, Microwave, Range Included, Electric Water Heater
  • Laundry: Main Level
Features
  • Den, Mudroom, Office, High Speed Internet, Smart Home
  • Flooring: Carpet, Tile, Wood
  • Basement: Daylight,Finished,Full
  • Has fireplace: Yes
  • Fireplace features: Gas, Living Room, Other Room, Wood Burning
Interior area
  • Total structure area: 4,498
  • Total interior livable area: 4,498 sqft
Video & virtual tour

Property

Parking
  • Parking features: Attached, RV Garage
  • Attached garage spaces: 4
Features
  • Levels: Tri-Level
  • Patio & porch: Covered Patio, Patio
  • Exterior features: Beige/Tan
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: Fenced
  • Has view: Yes
  • View description: Mountain(s), Territorial
Lot
  • Size: 20.19 Acres
  • Features: Dimension Above, Landscaped
Details
  • Additional structures: Barn(s), See Remarks, Workshop, Shed(s), RV/Boat Storage
  • Zoning: SA

Construction

Type & style
  • Home type: SingleFamily
  • Property subtype: Single Family Residence
Materials
  • Fiber Cement, Lap Siding
  • Foundation: Continuous
  • Roof: Composition
Condition
  • New construction: No
  • Year built: 2005

Utilities & green energy

  • Electric: 1/Main
  • Sewer: Septic Tank
  • Water: Well

Community & HOA

Community
  • Security: Security System Owned
HOA
  • Has HOA: No
Location
  • Region: Salem

Financial & listing details

  • Price per square foot: $550/sqft
  • Annual tax amount: $6,569
  • Price range: $2.5M - $2.5M
  • Date on market: 4/14/2026
  • Listing agreement: Exclusive Right To Sell
  • Listing terms: Cash,Conventional,Federal Land Bank
  • Inclusions: Kitchen appliances, windows treatments, hot tub

Price history

DateEventPrice
7/2/2026Price change$2,475,000-1%$550/sqft
Source: WVMLS #839753 Report a problem
4/14/2026Listed for sale$2,500,000+8.7%$556/sqft
Source: WVMLS #839753 Report a problem
12/2/2025Listing removed$2,299,500$511/sqft
Source: WVMLS #821079 Report a problem
8/31/2025Price change$2,299,500-6.1%$511/sqft
Source: WVMLS #821079 Report a problem
6/2/2025Price change$2,449,500-1.8%$545/sqft
Source: WVMLS #821079 Report a problem
3/31/2025Price change$2,495,000-4%$555/sqft
Source: WVMLS #821079 Report a problem
9/4/2024Listed for sale$2,600,000$578/sqft
Source: WVMLS #821079 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment
$14,434/mo
Principal & interest
$12763
Property taxes
$1671
More affordability toolsChevron Right

Estimated market value

$2,356,100

$2.24M - $2.47M

$5,548/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 97306

Nearby schools

Sumpter Elementary School
Grades K-53.3 miles
4/10
GreatSchools® Rating
Test Score Rating
6/10
Student Progress Rating
2/10
Crossler Middle School
Grades 6-82.6 miles
3/10
GreatSchools® Rating
Test Score Rating
5/10
Student Progress Rating
3/10
Sprague High School
Grades 9-122.8 miles
6/10
GreatSchools® Rating
Test Score Rating
4/10
College Readiness Rating
8/10