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$354,900 -$15,100 (-4.08%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 1 Full Bath
  • 1,251 Sq. Ft.
  • Updated 4 hours ago

Listed By: EDDIE. ZAPIEN | Works Real Estate | (503) 856-6869 | 503-856-6869;eddie.z@worksrealestate.co

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Charming South Salem home in a well-established neighborhood. This 4-bedroom, 1-bath residence offers a functional layout with comfortable living spaces and plenty of natural light. Situated on a generous lot, the property provides room to enjoy outdoor living, gardening, or future possibilities. Conveniently located near parks, schools, shopping, and major commuter routes. A great opportunity to own in desirable South Salem.

Full Property Details for 550 Madrona Ave S

General

  • Price: $354,900
  • Taxes: $2,762 (2024)
  • Status: Active
  • Type: Single Family
  • Source: WVMLS
  • MLS ID: 837597
  • Updated: 2/20/2026
  • Added to Site: 8 day(s) ago

Interior

  • Flooring: Carpet, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Exterior

  • Color: Grey

Parking

  • Garage Description: Carport

Location

  • County: SOUTH SALEM
  • Subdivision: Ewald Fruit Farms
  • Driving Directions: Madrona Ave S

School Information

  • Elementary School: Salem Heights
  • Middle School: Crossler
  • High School: Sprague

Heating & Cooling

  • Heating/Cooling: Electric, Baseboard
  • Water Heater: Electric

Utilities

  • Sewer: Yes
  • Water: City

Structural Information

  • Roof: Composition
  • Square Feet: 1,251
  • Year Built: 1948

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,841
  • Zoning: RS
  • Lot Description: 39

Financial Considerations

  • Price Per Sq. Ft.: $283.69
  • Assessment Year: 1948
  • Tax Amount: $2,762
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 39

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NMLS#: 1598647

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Schools serving 550 Madrona Ave S

School District:Salem-Keizer School District 24j
NameGradesDistance
Salem Heights Elementary School
3495 Liberty Road South, Salem, OR 97302
K-50.2 mi
Crossler Middle School
1155 Davis Road South, Salem, OR 97306
6-82.1 mi
Sprague High School, Salem, OR
2373 Kuebler Boulevard, Salem, OR 97302
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 550 Madrona Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Price Reduced
$354,900
-4.08%
MLS
2/12/2026
Listed
$370,000
103.3%
MLS
11/29/2016
Sold
$182,000
—
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 550 Madrona Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,762
3%
$140,670
3%
2023
$2,681
6%
$136,580
6%
2021
$2,531
-3%
$128,750
-3%
2022
$2,606
6%
$132,610
6%
2020
$2,458
7%
$125,000
3%
2019
$2,300
-2%
$121,360
3%
2018
$2,341
11%
$117,830
3%
2017
$2,113
16%
$114,400
14%
2016
$1,815
-1%
$100,200
3%
2015
$1,829
3%
$97,290
3%
2014
$1,770
2%
$94,460
3%
2013
$1,734
—
$91,710
—
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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550 Madrona Av S, Salem, OR 97302 (MLS# 837597) is a Single Family property with 4 bedrooms and 1 full bathroom. 550 Madrona Av S is currently listed for $354,900 and was received on February 12, 2026. Want to learn more about 550 Madrona Av 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.

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