This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/49
$569,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/49
Property Description
LOCATION, LIFESTYLE & VALUE - Exceptional Space, Updates & Location at a NEW PRICE! Situated on a spacious, beautifully landscaped 0.29-acre lot, this extensively updated 3-bedroom, 2-bath home offers 2,400 sq. ft. of comfortable living space, privacy and convenience in an established South Salem neighborhood surrounded by well-maintained homes. Thoughtfully updated in 2025 and 2026, the home features new luxury vinyl plank flooring, new bedroom carpet, fresh interior paint, new roof, siding, exterior paint and a new insulated garage door. Inside, you'll find granite countertops, stainless steel appliances, vaulted ceilings, spacious bedrooms, and both a wood-burning and electric fireplace. Step outside and enjoy the beautifully landscaped backyard, mature trees, koi pond water feature and expansive deck-perfect for relaxing, entertaining or gardening. The oversized lot also provides room for RV parking, recreational toys and additional storage, all with NO HOA. And the location is hard to beat-just steps from Pringle Elementary School and Wes Bennett Park and minutes from shopping, dining and I-5. With 2,400 sq. ft., extensive recent updates and a 0.29-acre lot, this new price creates an opportunity you don't want to overlook.
Full Property Details
Full Property Details for 5445 Reed Ln SE
General
- Price: $569,000
- Taxes: $6,622 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 841558
- Updated: 8/21/2026
- Added to Site: 72 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, 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.: $237.08
- Assessment Year: 1990
- Tax Amount: $6,622
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 49
Get Pre-Approved Today
Get a Great Insurance Rate
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
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
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 $569,000 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 Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

