Sold
Last Sold Price
3 beds2,043 sqft

340 Rees Hill Rd SE, Salem, OR 97306

Single FamilyProperty Type
1.64 acresLot Size
1948Year Built
$174/sq ftPrice per sq ft
2 carsParking Spaces

Description

Home on 1.64 Acres in desirable South Salem location. This property is fairly level. The house will require a major rehab from the foundation up. The upstairs rooms are framed only. Main level has large drop down living room, family room, Kitchen, DR, office (potential as a 4th bdrm) and full Bthrm. The grounds have a lot lot of potential. Long circular driveway. Home is set deep off the road providing for nice seclusion.Home on 1.64 Acres in desirable South Salem location. This property is fairly level. The house will require a major rehab from the foundation up. The upstairs rooms are framed only. Main level has large drop down living room, family room, Kitchen, DR, office (potential as a 4th bdrm) and full Bthrm. The grounds have a lot lot of potential. Long circular driveway. Home is set deep off the road providing for nice seclusion.
  • Listed by: Gladys Blum • Blum Real Estate gladys@blumre.com
Listing closed: 09/29/2023 12:00 AM • Source: RMLS, MLS#: 23673971
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Recent comparable sales

Median sold price

$440,000

Avg days on market

97

Sale-to-list ratio

95.3%

Salem, OR

9 comparable properties found

$425,000 | 5843 Fountainhead Street Southeast, Salem, OR 97306
1/30
1

$425,000

Sold 08/29/25

3
Bedrooms
1,874
Square Feet
0.14
Acres
$360,000 | 6775 Continental Circle Southeast, Salem, OR 97306
1/43
2

$360,000

Sold 11/08/24

3
Bedrooms
1,952
Square Feet
0.06
Acres
$431,500 | 1785 Cinnamon Hill Drive Southeast, Salem, OR 97306
1/37
3

$431,500

Sold 12/13/24

3
Bedrooms
1,810
Square Feet
0.17
Acres
$440,000 | 1354 Mulligan Court Southeast, Salem, OR 97306
1/43
4

$440,000

Sold 07/25/25

3
Bedrooms
1,732
Square Feet
0.24
Acres
$460,000 | 542 Inverness Drive Southeast, Salem, OR 97306
1/32
5

$460,000

Sold 01/15/25

3
Bedrooms
1,809
Square Feet
0.14
Acres
a view of a backyard with plants and large trees
1/49
6

$424,900

Sold 09/22/25

3
Bedrooms
1,792
Square Feet
0.17
Acres
$455,000 | 1133 Cayuse Circle Southeast, Salem, OR 97306
1/46
7

$455,000

Sold 10/31/25

3
Bedrooms
2,072
Square Feet
0.13
Acres
$450,000 | 5678 Moonstone Loop Southeast, Salem, OR 97306
1/41
8

$450,000

Sold 12/30/24

3
Bedrooms
1,814
Square Feet
0.14
Acres
$459,900 | 962 Sahalee Court Southeast, Salem, OR 97306
1/44
9

$459,900

Sold 12/20/24

3
Bedrooms
1,756
Square Feet
0.08
Acres

Location

Listing Courtesy of Blum Real Estate

Sold By Coldwell Banker Mountain West

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$2,130 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,895

Property Taxes

$235

HOA Dues

$0

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Property Information for 340 Rees Hill Road Southeast

Property Details

  • Taxes: $2,817 / year
  • MLS Type: Residential / Single Family Residence
  • Style: Stories2
  • Subdivision: Sunnyside Fruit Farms
  • Parking Features: Driveway, Off Street
  • Zoning: RA
  • View: Territorial
  • Garage Spaces: 2.00
  • Parking Total: 2.00

Building Information

  • Stories: 2
  • Year Built: 1948
  • Lot Size: 1.64 AC / 71,438 SF

Summary

Location and General Information
  • Country: US
  • Directions: Liberty
  • Road Surface: Gravel
School Information
  • Elementary School: Sumpter
  • High School: Sprague
  • Middle Or Junior School: Crossler
Parking
  • Garage Type: Detached
  • Attached Garage: No
Taxes and HOA
  • FIRPTA: Yes
  • HOA Y/N: No
  • Tax Year: 2022
  • Tax Deferral: No
  • Tax Annual Amount: $2,816.53
  • Parcel Number: 561447
  • Tax Legal Description: SUNNYSIDE FRUIT FARMS NO 9, LOT 1, ACRES 1.64
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
  • Video Virtual Tour 2 Y/N: No

Property

Lot Information
  • Acres: 1.64
  • Lot Description: Gentle Sloping, Level, Trees
  • Lot Size Square Feet: 71438.0
  • Lot Size Dimension: Irr
  • Senior Housing Y/N: No
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
  • SqFt Source: County
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Other
  • Property Condition: Resale
  • Year Built: 1948
  • New Construction: No
  • Property Attached: No
  • Warranty Available Y/N: No
Utilities
  • Fuel Description: None
  • Heating Description: None
  • Sewer Description: Other
Green Features
  • Green Certification: No

Interior and Exterior Features

Exterior Features
  • Exterior Description: Wood Siding
  • Exterior Features: Porch, RVParking, Tool Shed
  • RV Description: RVParking
Interior Features
  • Basement: Crawl Space
  • Window Features: Aluminum Frames
  • Fireplace Description: Insert, Wood Burning
  • Fireplaces Total: 1
  • SqFt Calculated: 2043
  • View Y/N: Yes
  • SqFt Lower Level Total: 0
  • SqFt Main Level Total: 1643
  • SqFt Upper Level Total: 400
  • Bedrooms Total: 3
  • Stories: 2
  • Baths Total: 2.0
  • Cooling: No
  • Fireplace: Yes
  • Heating: No
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Level: Upper
Bedroom 2
  • Room Description: _2nd Bedroom
Bedroom 3
  • Room Description: _3rd Bedroom
Dining Room
  • Room Description: Dining Room
Family Room
  • Room Description: Family Room
Kitchen
  • Room Description: Kitchen
Living Room
  • Room Description: Living Room
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 1
  • BathsMainLevelPartial: 0
  • Baths Main Level Total: 1.0
  • Bathrooms Full: 2
  • Baths Partial: 0
  • Total Bathrooms: 2
  • Baths Upper Leve lFull: 1
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 1.0

Condominium

Condominium Information
  • Condo Total Levels: 2

Multi Family

Multi-Family Information
  • SqFt Approximate Building Total: 2043

Property History for 340 Rees Hill Road Southeast

DateEvent & SourcePriceAppreciation
Sep 28, 2023

Sold (Public Record)

Public Record #1519660925

$355,000

+3.5% / yr

Sep 7, 2004

Sold (Public Record)

Public Record #141347006

$185,000—
DateEvent & SourcePrice
09/28/2023

Sold (Public Record)

Public Record #1519660925

$355,000

+3.5% / yr

09/07/2004

Sold (Public Record)

Public Record #141347006

$185,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

340 Rees Hill Road Southeast

Beds

4

Total Finished SqFt

3,566 SqFt

Above Grade Finished SqFt

3,566 SqFt

Stories

2

Lot Size

71,438 SqFt

Style

Single Family Residence

Schools near 340 Rees Hill Road Southeast

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Sumpter Elementary School
PublicK to 5

Crossler Middle School
Public6 to 8

Sprague High School
Public9 to 12

Roberts High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Blum Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 09/29/2023 03:02 PM