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Property Description
LOCATION, LIFESTYLE & SPACE - Welcome to one of SE Salem's most desirable neighborhoods! Situated on a spacious and beautifully landscaped 0.29-acre lot, this extensively updated 3 bedroom, 2 bathroom home offers 2,400 sq. ft. of comfort, privacy, and convenience in an established South Salem neighborhood surrounded by beautifully maintained homes. From the moment you arrive, you'll appreciate the peaceful setting, mature trees, and inviting curb appeal that give this property a private, country-like feel while still being just minutes from everything Salem has to offer. Thoughtfully updated in 2025 and 2026, the interior features new luxury vinyl plank flooring on the main level, new carpet in the bedrooms, and fresh paint throughout. Exterior updates bring total peace of mind with a new roof, siding, fresh paint, and a new insulated garage door. Additional features include granite countertops, stainless steel appliances, vaulted ceilings, spacious bedrooms, and both a wood-burning fireplace and electric fireplace for warmth and ambiance year-round. Step outside into your own backyard retreat featuring mature landscaping, a tranquil koi pond water feature, expansive deck space perfect for entertaining, and plenty of room to relax, garden, play, or simply enjoy the peaceful surroundings. The oversized lot also offers space for RV parking, recreational toys, or additional storage - all with NO HOA. Location truly sets this property apart. You are just steps from Pringle Elementary School and Wes Bennett Park, and only minutes from dining, shopping, and I-5 access. It is rare to find a home that offers this much space, convenience, and peaceful seclusion in the heart of South Salem - this is the one you've been waiting for!
Full Property Details
Full Property Details for 5445 Reed Ln SE
General
- Price: $600,000
- Taxes: $6,622 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 841558
- Updated: 6/17/2026
- Added to Site: Today
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, Central AC, 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.: $250
- Assessment Year: 1990
- Tax Amount: $6,622
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 49
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Schools
Schools serving 5445 Reed Ln SE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Pringle Elementary School 5500 Reed Lane Southeast, Salem, OR 97306 | PK-5 | 0.1 mi |
Judson Middle School 4512 Jones Road Southeast, Salem, OR 97302 | 6-8 | 1.6 mi |
South Salem High School 1910 Church Street Southeast, Salem, OR 97302 | 9-12 | 3.3 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
Date
Details
Price
Change
Source
6/17/2026
Listed
$600,000
221.03%
MLS
10/30/2012
Sold
$186,900
—
Public Record
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 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
—
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 5445 Reed Ln SE
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 $600,000 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 Croisan-Illahe? You can browse all Croisan-Illahe real estate or contact a Coldwell Banker agent to request more information.

