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$724,900
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Property Description
Updated Farmhouse on Private Acreage - Minutes from Town!Welcome to your dream hobby farm! This beautifully updated 3-bedroom, 2-bath farmhouse sits on a lush, private acreage just outside of town. Enjoy a spacious garden area, RV setup, and a large shop perfect for projects or storage. The property includes a chicken coop and room for animals, with potential for an ADU (buyer to verify). Inside, classic charm meets modern updates, offering comfort and style throughout. Whether you're looking to homestead or simply enjoy peaceful country living with city convenience, this property has it all!
Full Property Details
Full Property Details for 5530 Steele Lane Southeast
General
- Price: $724,900
- Taxes: $3,243 (2024)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 833579
- Updated: 10/9/2025
- Added to Site: 129 day(s) ago
Interior
- Flooring: Carpet, Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Color: Grey
Parking
- Garage Description: None
Location
- County: SOUTHEAST SALEM
School Information
- Elementary School: Turner
- Middle School: Cascade
- High School: Cascade
Heating & Cooling
- Heating/Cooling: Electric, Forced Air, Wall Furnace
- Water Heater: Gas
Utilities
- Water: Well
Structural Information
- Roof: Composition
- Square Feet: 2,066
- Year Built: 1901
Lot Features
- Lot Size (Acres): 2.01
- Lot Size (Sq. Ft.): 87,556
- Zoning: AR
- Lot Description: 1
Financial Considerations
- Price Per Sq. Ft.: $350.87
- Price Per Acre: $360,646.77
- Assessment Year: 1901
- Tax Amount: $3,243
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 1
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Schools
Schools serving 5530 Steele Lane Southeast
School District:Cascade School District 5
| Name | Grades | Distance |
|---|---|---|
Cascade Junior High School 10226 Marion Road Southeast, Turner, OR 97392 | 6-8 | 4.9 mi |
Cascade Senior High School 10226 Marion Road Southeast, Turner, OR 97392 | 9-12 | 4.9 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 5530 Steele Lane Southeast
Date
Details
Price
Change
Source
10/09/2025
Price Reduced
$724,900
-2.03%
MLS
9/12/2025
Listed
$739,900
54.18%
MLS
8/16/2019
Sold
$479,900
—
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 5530 Steele Lane Southeast
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,243
3%
$272,240
3%
2023
$3,157
7%
$264,320
8%
2021
$2,947
-2%
$244,620
-3%
2022
$3,022
6%
$251,950
6%
2020
$2,858
5%
$237,500
3%
2019
$2,712
5%
$230,590
9%
2018
$2,578
3%
$211,280
3%
2017
$2,503
3%
$205,130
3%
2016
$2,432
3%
$199,160
3%
2015
$2,364
-1%
$193,360
3%
2014
$2,389
3%
$187,730
3%
2013
$2,328
—
$182,270
—
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 5530 Steele Lane Southeast
5530 Steele Ln SE, Salem, OR 97317 (MLS# 833579) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5530 Steele Ln SE is currently listed for $724,900 and was received on September 12, 2025. Want to learn more about 5530 Steele 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.

