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$554,900

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 2,400 Sq. Ft.

Listed By: RHEOLA. COY | Premiere Property Group, Llc Albany | (503) 999-5088 | Cell: 503-999-5088

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NEW PRICE, NEW OPPORTUNITY! Unbeatable value awaits in this beautifully updated 2,400 SQ FT, 3-bedroom, 2-bath home in an established South Salem neighborhood. Situated on a pristine 0.29-acre lot with NO HOA, this home is surrounded by beautifully maintained properties and offers ultimate privacy and convenience. EXTENSIVE 2025 & 2026 UPDATES: The property boasts a brand-new roof, new siding, fresh exterior and interior paint, new luxury vinyl plank flooring, new plush bedroom carpet, and a new insulated garage door. PREMIUM INTERIOR FEATURES: Inside, you'll find a bright, comfortable living space highlighted by vaulted ceilings, granite countertops, stainless steel appliances, spacious bedrooms, and the cozy ambiance of both a wood-burning and an electric fireplace. OUTDOOR OASIS & BONUS SPACE: Step outside to an expansive deck perfect for relaxing or entertaining, complete with mature trees and a serene koi pond water feature. The oversized lot also provides ample room for RV parking, recreational toys, and additional storage. PRIME LOCATION: Hard to beat-just steps from Pringle Elementary School and Wes Bennett Park, and minutes from shopping, dining, and easy I-5 access.

Full Property Details for 5445 Reed Ln SE

General

  • Price: $554,900
  • Taxes: $6,622 (2025)
  • Status: Active
  • Type: Single Family
  • Source: WVMLS
  • MLS ID: 841558
  • Updated: 9/21/2026
  • Added to Site: 117 day(s) ago

Interior

  • Flooring: Carpet, Laminate, Luxury Vinyl Plank, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Color: Blk/Brn

Parking

  • Garage Description: Attached

Location

  • County: SOUTHEAST SALEM
  • Subdivision: Grabenhorst Fruit Farms
  • Driving Directions: Head south on Commercial St. SE, turn left onto Wiltsey Rd. SE, and left again onto Reed Ln. SE. The home will be on your left, slightly down the road.

School Information

  • Elementary School: Pringle
  • Middle School: Judson
  • High School: South Salem

Heating & Cooling

  • Heating/Cooling: Wood, Heat Pump, Forced Air
  • Water Heater: Gas

Utilities

  • Sewer: Yes
  • Water: City

Structural Information

  • Roof: Composition
  • Square Feet: 2,400
  • Year Built: 1990

Lot Features

  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 12,612
  • Zoning: RA
  • Lot Description: 49

Financial Considerations

  • Price Per Sq. Ft.: $231.21
  • Assessment Year: 1990
  • Tax Amount: $6,622
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 49

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NMLS#: 1598647

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Schools serving 5445 Reed Ln SE

School District:Salem-Keizer School District 24j
NameGradesDistance
Pringle Elementary School
5500 Reed Lane Southeast, Salem, OR 97306
PK-50.1 mi
Judson Middle School
4512 Jones Road Southeast, Salem, OR 97302
6-81.6 mi
South Salem High School
1910 Church Street Southeast, Salem, OR 97302
9-123.3 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 5445 Reed Ln SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2026
Price Reduced
$554,900
-2.48%
MLS
8/06/2026
Price Reduced
$569,000
-2.74%
MLS
7/20/2026
Price Reduced
$585,000
-2.5%
MLS
6/17/2026
Listed
$600,000
221.03%
MLS
10/30/2012
Sold
$186,900
—
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 5445 Reed Ln SE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,621
8%
$322,300
3%
2024
$6,144
3%
$312,920
3%
2023
$5,963
6%
$303,810
6%
2021
$5,630
-3%
$286,380
-3%
2022
$5,796
6%
$294,970
6%
2020
$5,466
7%
$278,040
3%
2019
$5,116
-2%
$269,950
3%
2018
$5,206
11%
$262,090
3%
2017
$4,699
5%
$254,460
3%
2016
$4,476
-1%
$247,050
3%
2015
$4,510
3%
$239,860
3%
2014
$4,364
6%
$232,880
3%
2013
$4,128
—
$226,100
—
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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5445 Reed Ln SE, Salem, OR 97306 (MLS# 841558) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5445 Reed Ln SE is currently listed for $554,900 and was received on June 17, 2026. Want to learn more about 5445 Reed Ln SE? 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.

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