Price Reduction
Address
5445 Reed Ln Se, Salem, OR
Price
$ 554,900
Property Attributes
- MLS#841558
- TypeSingle Family
- Listing Status Active
- MunicipalitySalem
- CountyMARION
- CitySalem
- Area40 SOUTHEAST SALEM
- NeighborhoodGrabenhorst Fruit Farms
- Zip97306
- Style2 Story
- Year Built1990
- Taxes$ 6622
- Price$ 554,900
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2400
- Lot Size0.29 Acres
Data Source:
Willamette Valley MLS (WVMLS)
Property Description
NEW PRICE, NEW OPPORTUNITY! Unbeatable value awaits in this beautifully updated 2,400 SQ FT, 3-bedroom, 2-bath home in an established South Salem neighborhood. Situated on a pristine 0.29-acre lot with NO HOA, this home is surrounded by beautifully maintained properties and offers ultimate privacy and convenience. EXTENSIVE 2025 & 2026 UPDATES: The property boasts a brand-new roof, new siding, fresh exterior and interior paint, new luxury vinyl plank flooring, new plush bedroom carpet, and a new insulated garage door. PREMIUM INTERIOR FEATURES: Inside, you'll find a bright, comfortable living space highlighted by vaulted ceilings, granite countertops, stainless steel appliances, spacious bedrooms, and the cozy ambiance of both a wood-burning and an electric fireplace. OUTDOOR OASIS & BONUS SPACE: Step outside to an expansive deck perfect for relaxing or entertaining, complete with mature trees and a serene koi pond water feature. The oversized lot also provides ample room for RV parking, recreational toys, and additional storage. PRIME LOCATION: Hard to beatâjust steps from Pringle Elementary School and Wes Bennett Park, and minutes from shopping, dining, and easy I-5 access.
| Elementary School | Middle School | High School |
|---|---|---|
| Pringle Elementary School | Judson Middle School | South Salem High School |
| Price History | |
|---|---|
| 6/17/2026 | Listed $600,000 |
| 7/20/2026 | 3$585,000 |
| 8/6/2026 | 3$569,000 |
| 9/4/2026 | 3$554,900 |
General Features
| Kitchen Level | 1/Main |
|---|---|
| Possession | COE |
| Zoning | RA |
| Water | City |
| New Construction | No |
| Subdivision | Grabenhorst Fruit Farms |
| Water Heater | Gas |
| County | Marion |
| Class | Residential |
| Type | Residence |
| Block | 2 |
| Yearly Taxes | 6622 |
| Roof | Composition |
| Status | ACTIVE |
| 55+ Community | No |
| Assessments or Liens | No |
| Subdivision | OR |
| Handicap Amenities | No |
| HOA | No Association |
| Sale/Rent | For Sale |
| Green Home | No |
| Inspection Report Available | No |
| Primary City | Salem |
| Year Built | 1990 |
| Virtual Tour | https://www.ppgtours.com/ml/160542#photos |
| City | Salem |
| Middle School | Judson |
| VIEW | Territorial |
| HOME WARRANTY | No |
| High School | South Salem |
| DOM | 86 |
| Postal Code | 97306 |
| Price Per Sq Ft Total AG | 231.21 |
| Price Per Sq Ft Total AG | 231.21 |
| TERMS SELLER WILLCONSIDER | Cash,Conventional,Federal VA,FHA,ODVA |
Interior Features
| Family Room Level | 1/Main |
|---|---|
| Dining Room Level | 1/Main |
| Living Room Level | 1/Main |
| Utility Room Level | 1/Main |
| Flooring | Carpet,Laminate,Luxury Vinyl Plank,Tile |
| Beds | 3 |
| Total Baths | 2 |
| Full Baths | 2 |
| Dining Room | Formal |
| Fireplace | Electric,Living Room,Other Room,Wood |
| Dual Living | No |
| Heating-Cooling | Wood,Central AC,Heat Pump,Forced Air |
| Dishwasher | Yes |
| Disposal | Yes |
| High Speed Comm Access | Present |
| Total Baths | 2 |
Exterior Features
| Foundation | Continuous |
|---|---|
| Garage Type | Attached |
| Price per Acre | 1913448.28 |
| Lot Size Area | 0.29 |
| Garage Capacity | 2 |
| Water Rights | No |
| Exterior Color | Blk/Brn |
| Siding Style | Board & Batt,Lap |
| Underground Sprinklers | Yes |
| Flood Plan | No |
| Patio | Deck |
| Landscape | Yes |
| Pool | Hot Tub |
| Siding | Composite |
| Fenced Yard | Yes |
| Lot Type | Dimension Above |
| Lot | 49 |
| SEWER - CITY | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97306
Price
Taxes
Year Built
Visits
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright © 2026 WVMLS. All Rights Reserved. Information last updated on September 11, 2026 10:07 PM UTC
