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$2,500,000 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for 3471 Cole Rd S
General
- Price: $2,500,000
- Taxes: $6,569 (25-26)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 839753
- Updated: 4/14/2026
- Added to Site: Today
Interior
- Flooring: Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 3
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Exterior
- Color: Beige/Tan
Parking
- Garage Description: Attached
Location
- County: SOUTH SALEM
- Driving Directions: Skyline Rd. to Cole Rd East
School Information
- Elementary School: Sumpter
- Middle School: Crossler
- High School: Sprague
Heating & Cooling
- Heating/Cooling: Electric, Propane, Heat Pump, Forced Air
- Water Heater: Electric
Utilities
- Water: Well
Structural Information
- Basement Desc.: Daylight, Finished, Full
- Roof: Composition
- Square Feet: 4,498
- Year Built: 2005
Lot Features
- Lot Size (Acres): 20.19
- Lot Size (Sq. Ft.): 879,476
- Zoning: SA
- Lot Description: M&B
Financial Considerations
- Price Per Sq. Ft.: $555.8
- Price Per Acre: $123,823.68
- Assessment Year: 2005
- Tax Amount: $6,569
- Tax Year: 25-26
Disclosures and Reports
- Lot Number: M&B
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Schools
Schools serving 3471 Cole Rd S
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Sumpter Elementary School 525 Rockwood Street Southeast, Salem, OR 97306 | K-5 | 3.3 mi |
Crossler Middle School 1155 Davis Road South, Salem, OR 97306 | 6-8 | 2.6 mi |
Sprague High School, Salem, OR 2373 Kuebler Boulevard, Salem, OR 97302 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3471 Cole Rd S
Date
Details
Price
Change
Source
4/14/2026
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3471 Cole Rd S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,569
3%
$549,082
3%
2024
$6,378
2%
$533,213
3%
2023
$6,227
-2%
$517,806
5%
2021
$6,339
4%
$492,970
-2%
2022
$6,078
-1%
$503,149
5%
2020
$6,169
7%
$478,730
3%
2019
$5,767
-2%
$464,910
3%
2018
$5,870
14%
$451,370
3%
2017
$5,145
5%
$438,470
3%
2016
$4,910
-3%
$425,670
3%
2015
$5,054
5%
$413,900
3%
2014
$4,832
1%
$401,960
3%
2013
$4,776
—
$389,830
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3471 Cole Rd S
3471 Cole Rd S, Salem, OR 97306 (MLS# 839753) is a Single Family property with 5 bedrooms, 3 full bathrooms and 2 partial bathrooms. 3471 Cole Rd S is currently listed for $2,500,000 and was received on April 14, 2026. Want to learn more about 3471 Cole Rd S? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

