This beautiful 7.25-acre lot is level and gently sloped. The properties eastern edge is the boundary between Marion County and Salem. The site is an ideal candidate for annexation into the city which will transition UT-5 zoning to Residential and unlock huge development potential. The property has mature trees and large acreage neighbors to the north and west. This is an excellent location for a development connected to nature with great proximity to the city core. Property to the east was annexed and developed around 2020 with 19 homes built on less than 3 acres. Utilities and roads are at the property line in multiple locations waiting to be extended. The existing home is a habitable 1916 farmhouse with an attached apartment. Huge shop with 3 phase power, horse barn, and RV parking are also present.
Pending
$1,250,000
5545 Skyline Rd S, Salem, OR 97306
--beds
0baths
7.25Acres
:
Get pre-qualified$8,753/mo
Unimproved Land
Built in ----
7.25 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Mature treesLevel and gently sloped
- 244 days |
- 36 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Nathan Reimer 503-754-1892,
Latitude Regenerative Real Estate
Source: RMLS (OR),MLS#: 447911439
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Territorial
- Waterfront features: Seasonal
- Body of water: Seasonal Spring Fed
Lot
- Size: 7.25 Acres
- Features: Gentle Sloping, Acres 7 to 10
Details
- Additional structures: Existing Structures, Barn, Residence, Workshop
- Parcel number: 532453
- Zoning: UT-5
Utilities & green energy
- Sewer: Standard Septic
- Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Tax assessed value: $675,040
- Annual tax amount: $4,340
- Date on market: 9/19/2025
- Cumulative days on market: 245 days
- Listing terms: Cash,Owner Will Carry
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2026 | Pending sale | $1,250,000 |
Source:  RMLS (OR) #482922278 Report a problem | ||
| 12/23/2025 | Listed for sale | $1,250,000 |
Source: RMLS (OR) #482922278 Report a problem | ||
| 10/2/2025 | Pending sale | $1,250,000 |
Source: RMLS (OR) #482922278 Report a problem | ||
| 9/29/2025 | Listed for sale | $1,250,000 |
Source: RMLS (OR) #447911439 Report a problem | ||
| 10/13/2022 | Listing removed | -- |
Source: BHHS broker feed Report a problem | ||
| 8/25/2022 | Listed for sale | $1,250,000 |
Source: BHHS broker feed #22017681 Report a problem | ||
| 8/16/2022 | Listing removed | -- |
Source:  WVMLS #787603 Report a problem | ||
| 5/9/2022 | Listing removed | $1,250,000 |
Source: WVMLS #787603 Report a problem | ||
| 5/5/2022 | Price change | $1,250,000-7.4% |
Source: WVMLS #787603 Report a problem | ||
| 3/18/2022 | Listed for sale | $1,350,000-10% |
Source: WVMLS #787603 Report a problem | ||
| 1/21/2022 | Contingent | $1,500,000 |
Source: WVMLS #787603 Report a problem | ||
| 1/13/2022 | Listed for sale | $1,500,000 |
Source: WVMLS #787603 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,472 +3% | $332,360 +3% |
| 2024 | $4,341 +2.5% | $322,680 +6.1% |
| 2023 | $4,235 +2.6% | $304,170 |
| 2022 | $4,130 +2.7% | $304,170 +3% |
| 2021 | $4,022 +2.8% | $295,320 +6.1% |
| 2020 | $3,913 +3.8% | $278,370 |
| 2019 | $3,771 +1.4% | -- |
| 2018 | $3,720 | -- |
| 2017 | $3,720 +18.8% | -- |
| 2016 | $3,133 | -- |
| 2015 | $3,133 -2.4% | -- |
| 2014 | $3,208 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97306
Nearby schools
GreatSchools rating
- 7/10Schirle Elementary SchoolGrades: K-5Distance: 0.9 mi
- 3/10Crossler Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Sprague High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Schirle
- Middle: Crossler
- High: Sprague
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $380,6503 bd2 ba1.3k sqft5564 Skyline Rd S, Salem, OR 97306Off Market
- $--3 bd2 ba1.3k sqft5562 Skyline Rd S, Salem, OR 97306Off Market
- $240,0003 bd2 ba1.2k sqft5575 Skyline Rd S, Salem, OR 97306Sold
- $--3 bd2 ba1.3k sqft5558 Skyline Rd S, Salem, OR 97306Off Market
- $--3 bd2 ba1.3k sqft5552 Skyline Rd S, Salem, OR 97306Off Market
- $--3 bd2 ba1.3k sqft5550 Skyline Rd S, Salem, OR 97306Off Market
- $238,3003 bd2 ba1.1k sqft5575 Skyline, Salem, OR 97306Off Market
- $301,2003 bd2 ba1.2k sqft5575 Skyline Rd, S Salem, OR 97302Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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