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$420,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1,906 Sq. Ft.
  • Updated 5 days ago
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Welcome to a spacious 1,886-square-foot home offering incredible potential in a welcoming Northeast Salem neighborhood. Featuring an open-concept layout with 4 beds + den/office + 2.5 baths, this property is intentionally priced at an attractive $420,000. This property offers the unique advantage of built-in financial upside for a buyer or investor willing to handle some cosmetic updates, allowing you to build sweat equity.The home offers a distinct edge over new builds with its larger, more established footprint and a mature quiet neighborhood setting. The main floor features an open living area with 9 ft ceilings, a cozy gas fireplace, a functional kitchen with cherry cabinetry, and a versatile office that could be a 5th bedroom on the main level. Upstairs, there are 4 more generous sized bedrooms. Built on a level lot with durable cement siding, energy-efficient double-pane windows, and an attached 2 car garage, this standout property is a phenomenal opportunity to invest directly into personalizing a home with significant equity potential.

Full Property Details for 4575 Shipps Pl

General

  • Price: $420,000
  • Taxes: $4,933 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 505363177
  • Updated: 6/24/2026
  • Added to Site: 20 day(s) ago

Interior

  • Interior Features: Garage Door Opener, High Ceilings, Vaulted Ceiling(s), Vinyl Floor, Washer/Dryer
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas
  • Appliances: Built-in Range, Dishwasher, Disposal, Free-Standing Refrigerator, Microwave, Plumbed For Ice Maker

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 5
  • Primary Bedroom: 12 x 13, Upper, 156 Sq. Ft.
  • Bedroom 2: 10 x 11, Upper, 110 Sq. Ft.
  • Bedroom 3: 10 x 12, Upper, 120 Sq. Ft.
  • Bedroom 4: 9 x 10, Upper, 90 Sq. Ft.

Other Rooms

  • Living Room: 14 x 23, Main, 322 Sq. Ft.
  • Kitchen: Main
  • Dining Room: 9 x 10, Main, 90 Sq. Ft.
  • Den: 10 x 11, Main

Exterior

  • Exterior Features: Fenced, Yard

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Total Spaces: 2
  • Parking Features: Driveway

Location

  • County: Marion
  • Driving Directions: Left On Shipps >> House Is On the Left

School Information

  • Elementary School: Scott
  • Middle School: Waldo
  • High School: McKay

Community

  • Community Name: 176 - Marion Co: East Salem N

Heating & Cooling

  • Cooling Type: Air Conditioning Ready
  • Heating Type: Forced Air
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: 2 Story
  • Basement Desc.: Crawl Space
  • Roof: Composition
  • Windows: Double Pane Windows
  • Stories/Levels: 2
  • Square Feet: 1,906
  • Year Built: 2007
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size (Sq. Ft.): 3,920
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level

Financial Considerations

  • Tax Amount: $4,933.35
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: FARRELL MEADOWS, LOT 5
  • Disclosures/Reports: Disclosure
  • Bank-owned: Yes
  • Property ID: 339723

Listed by Keller Williams Realty Portland Premiere (503) 597-2444, Grace Kim (503) 799-1835

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Listing agent

— 4575 Shipps Pl —

  • Grace Kim

    Keller Williams Realty Portland Premiere

    503-597-2444

503-799-1835

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 4575 Shipps Pl

School District:Salem-Keizer School District 24j
NameGradesDistance
Scott Elementary School, Salem, OR
4700 Arizona Avenue Northeast, Salem, OR 97305
K-50.8 mi
Waldo Middle School
2805 Lansing Avenue Northeast, Salem, OR 97301
6-81.4 mi
Mckay High School
2440 Lancaster Drive Northeast, Salem, OR 97305
9-120.4 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 4575 Shipps Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/24/2026
Listed
$420,000
32.08%
MLS
4/30/2020
Sold
$318,000
—
Public Record
Get Price Alerts and Save Property
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 for 4575 Shipps Pl

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,933
8%
$240,130
3%
2024
$4,578
3%
$233,140
3%
2023
$4,443
6%
$226,350
6%
2021
$4,195
-3%
$213,360
-3%
2022
$4,318
6%
$219,760
6%
2020
$4,073
7%
$207,150
3%
2019
$3,812
-2%
$201,120
3%
2018
$3,879
11%
$195,270
3%
2017
$3,501
5%
$189,590
3%
2016
$3,335
-1%
$184,070
3%
2015
$3,360
3%
$178,710
3%
2014
$3,252
4%
$173,510
3%
2013
$3,113
—
$168,460
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keller Williams Realty Portland Premiere (503) 597-2444, Grace Kim (503) 799-1835

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4575 Shipps Pl, Salem, OR 97305 (MLS# 505363177) is a Single Family property with 5 bedrooms, 2 full bathrooms and 1 partial bathroom. 4575 Shipps Pl is currently listed for $420,000 and was received on June 24, 2026. Want to learn more about 4575 Shipps Pl? Do you have questions about finding other Single Family real estate for sale in Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.

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