Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

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

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 1,251 Sq. Ft.
  • Updated 2 days ago
See This Home
Save This Home
See This Home
Save This Home
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

General

  • Price: $354,900
  • Taxes: $2,976 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 535788770
  • Updated: 2/20/2026
  • Added to Site: 11 day(s) ago

Interior

  • Interior Features: Laminate Flooring, Wall to Wall Carpet
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Microwave

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: 14 x 11, Main, 154 Sq. Ft.
  • Bedroom 2: 13 x 10, Main, 130 Sq. Ft.
  • Bedroom 3: 9 x 14, Main, 126 Sq. Ft.

Other Rooms

  • Living Room: 12 x 21, Main, 252 Sq. Ft.
  • Kitchen: 23 x 10, Main, 230 Sq. Ft.
  • Dining Room: 23 x 10, Main, 230 Sq. Ft.
  • Office/Den/Study: 11 x 10, Main, 110 Sq. Ft.
  • Laundry: 13 x 4, Main

Exterior

  • Exterior Features: Fenced

Parking

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

Location

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

School Information

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

Community

  • Community Name: 172 - Marion Co: South Salem

Heating & Cooling

  • Heating Type: Wall Heater
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: 1 Story, Ranch
  • Roof: Composition
  • Windows: Double Pane Windows, Vinyl Frames
  • Stories/Levels: 1
  • Square Feet: 1,251
  • Year Built: 1948
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,840
  • Lot Size: 7, 000 to 9, 999 SqFt
  • Lot Dimensions: 75 x 108
  • Frontage: Concrete, Paved
  • Lot Features: Level, Sloped

Financial Considerations

  • Tax Amount: $2,976.69
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: EWALD FRUIT FARMS, LOT FR 39, ACRES 0.19
  • Disclosures/Reports: Disclosure
  • Property ID: 572829

Listed by Works Real Estate (503) 714-7053, Eddie Zapien (503) 856-6869

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 550 Madrona Ave —

  • Eddie Zapien

    Works Real Estate

    503-714-7053

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

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!

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 550 Madrona Ave

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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Price Reduced
$354,900
-4.08%
MLS
2/11/2026
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

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.

Estimate the Cost for 550 Madrona Ave

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Works Real Estate (503) 714-7053, Eddie Zapien (503) 856-6869

Just Listed near 550 Madrona Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

1061 Ring St NE, Keizer, OR 97303 - Photo 1 Just Listed
$695,000

1061 Ring St NE  Keizer, OR 97303

  • Multi-Family
  • Active
  • Updated 2 days ago
  • 8
    Total Beds
Listed By: ERIC. SWANSON | Smi Real Estate
229 Hazelbrook Dr N, Keizer, OR 97303 - Photo 1 Just Listed
$594,900

229 Hazelbrook Dr N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 4 days ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,280
    Sq. Ft.
Listed By: MANDI. MACK | Tradition Real Estate Partners and KEVIN. NUNN | Tradition Real Estate Partners
1031 Ring St NE, Keizer, OR 97303 - Photo 1 Just Listed
$695,000

1031 Ring St NE  Keizer, OR 97303

  • Multi-Family
  • Active
  • Updated 2 days ago
  • 8
    Total Beds
Listed By: ERIC. SWANSON | Smi Real Estate
5355 River Rd N, Keizer, OR 97303 - Photo 1 Just Listed
$109,900
Open House

5355 River Rd N  #60  Keizer, OR 97303

  • Manufactured Home
  • Active
  • Updated 3 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,344
    Sq. Ft.
Listed By: BETHANY. REEVES | Homesmart Realty Group

Price Reduced near 550 Madrona Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

4030 Hennessy Ln NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$14,000 (-3.05%)
$445,000
Open House

4030 Hennessy Ln NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,500
    Sq. Ft.
Listed By: CAYLAN JOHN. STARK | Exp Realty, Llc and HEATHER. RICH | Exp Realty, Llc
4020 Gary St NE, Keizer, OR 97303 - Photo 1 Price Reduced
-$10,000 (-2.53%)
$385,000

4020 Gary St NE  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 4 days ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,226
    Sq. Ft.
Listed by Realty One Group Willamette Valley, Debbie Dailey
268 Dorcas Dr N, Keizer, OR 97303 - Photo 1 Price Reduced
-$18,900 (-4.41%)
$409,900

268 Dorcas Dr N  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 5 days ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,342
    Sq. Ft.
Listed By: NICOLE. SHUBA | Manor Realty
5195 Verda Ln, Keizer, OR 97303 - Photo 1 Price Reduced
-$20,000 (-3.08%)
$630,000

5195 Verda Ln  Keizer, OR 97303

  • Single Family
  • Active
  • Updated 5 days ago
  • 4
    Beds
  • 4
    Total Baths
  • 3,781
    Sq. Ft.
Listed By: ERICA. RUMPCA | Bst Realty, Llc-Keizer

Recent Sales near 550 Madrona Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

652 Salem Heights Ave S, Salem, OR 97302 - Photo 1 Sold
$324,000

652 Salem Heights Ave S  Salem, OR 97302

  • Condo
  • Closed
  • 4
    Beds
  • 2
    Total Baths
  • 2,016
    Sq. Ft.
Listed By: TAYLOR. LADEBY | Homestar Brokers
Sold by KRISTI. SWARTZ | Brighthome Real Estate Group
598 Salem Heights Ave S, Salem, OR 97302 - Photo 1 Sold
$320,000

598 Salem Heights Ave S  Salem, OR 97302

  • Condo
  • Closed
  • 2
    Beds
  • 2
    Total Baths
  • 1,632
    Sq. Ft.
Listed By: ERIN. GARIBAY | Homesmart Realty Group and RUBEN. GARIBAY | Homesmart Realty Group
Sold by ED. BURDICK | Exp Realty, Llc
598 Salem Heights Ave S, Salem, OR 97302 - Photo 1 Sold
$320,000

598 Salem Heights Ave S  Salem, OR 97302

  • Condo
  • Sold
  • 2
    Beds
  • 1
    Total Bath
  • 1,632
    Sq. Ft.
Listed by HomeSmart Realty Group, Erin Garibay
Sold by Non Rmls Broker, OR and WA Non Rmls
245 Madrona Ave SE, Salem, OR 97302 - Photo 1 Sold
$305,000

245 Madrona Ave SE  Salem, OR 97302

  • Single Family
  • Closed
  • 3
    Beds
  • 1
    Total Bath
  • 923
    Sq. Ft.
Listed and Sold by JULIA. COATES | Exp Realty, Llc

550 Madrona Ave, Salem, OR 97302 (MLS# 535788770) is a Single Family property with 3 bedrooms and 1 full bathroom. 550 Madrona Ave is currently listed for $354,900 and was received on February 11, 2026. Want to learn more about 550 Madrona Ave? 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.

Tour this property