11 months on rocket

5534 Skyline Rd S, Salem, OR, 97306

$1,230,000

1.95 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeMulti Family
ViewTerritorial
MLS #23614884
Lot Size1.95 Acres
StatusActive

About 5534 Skyline Rd S

Perfect opportunity to build 16 units (Four 4-plex) on almost 2 acres in South Salem. This property is shovel ready! Engineered plans and building permits are processed and ready at City of Salem. Each 1328/ft unit consists of 3 bed/2 bath and has attached single car garage. City sewer and water. All utilities are at the street. Building site is dugout to grade and ready to pour foundations. Location is in high demand and demands top of the market rents. Close to Sprague High School and Kuebler Blvd.

Property Details

Property Features

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (503) 360-1640
  • Listing Agent: Eric Peterson

Exterior Features

Exterior Information:

  • View: Territorial

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 1.95 Acres

Other

Directions Information:

  • Directions: South of Kuebler Blvd on Skyline rd. Property is on the left as you head south.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,230,000
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Housing Market Comparison

See how this home compares to others in Salem, OR.

Med. Sold Price

$435K

Med. Price/SqFt

$261

Avg. Days On Market

53

# of Sold Homes

82

5534 Skyline Rd S vs Salem

341 DAYS ON ROCKET

+288 Days

$1,230,000

+$795K More

KEY TAKEAWAY

This property is $795K more than the Median Sold Price in Salem, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #23614884

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (503) 360-1640
  • Listing Agent: Eric Peterson

IDXThe 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 6:15:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 05, 2021Home Sold
$390,000
Jun 02, 2003Home Sold
$150,000
Aug 11, 1988Home Sold
$68,000

History based on county public records data.

Payment Calculator

$6,206

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,754

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-199521
6
/10
  • Schirle Elementary School

  • 4875 Justice Way S

  • 0.80 miles

  • Public District Grades KG-5

school-card-donut-199522
5
/10
  • Liberty Elementary School

  • 4871 Liberty Rd S

  • 1.19 miles

  • Public District Grades KG-5

school-card-donut-199523
7
/10
  • Sumpter Elementary School

  • 525 Rockwood St SE

  • 1.49 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,618. Typical income of Salem, OR residents is between $35k-100k annually. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Salem, OR

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Salem, OR.

Salem's housing market offers a diverse array of options, with single-family homes being a significant presence, reflecting a mix of architectural styles from classic bungalows to contemporary designs. The market also includes a selection of apartments and townhouses, accommodating various preferences and lifestyles. The majority of homes were constructed in the latter half of the 20th century, with a homeownership rate that underscores a stable residential community.

What is it like to live in Salem, OR?

Salem prides itself on a vibrant community spirit, underscored by events such as the annual Oregon State Fair and numerous cultural festivals that reflect the city's rich heritage. The city's character is further defined by its scenic parks and commitment to preserving its historical roots, offering residents a blend of urban amenities and quaint, small-town charm.

Is it easy to get around Salem, OR without a car?

The community is served by a robust educational system, including a range of public and private schools that cater to various educational needs. Healthcare services are comprehensive, with several hospitals providing emergency, primary, and specialized care. Public libraries are well-distributed, supporting the community's educational pursuits. Retail and dining options are plentiful, showcasing local flavors and contributing to Salem's unique cultural landscape.

Transportation in Salem, OR.

Salem features a practical transport infrastructure, with a network of roads and highways that facilitate travel and commuting. Public transit options are available, providing residents with alternatives to private vehicle use. The city's walkability varies by area, with certain neighborhoods offering more pedestrian-friendly environments. Bike paths and lanes are also part of the city's commitment to sustainable transport.

Frequently Asked Questions About 5534 Skyline Rd S

What is the listing price of this property?

The listing price of 5534 Skyline Rd S property is $1,230,000.

What type of property is this?

The property 5534 Skyline Rd S is land located in Salem, Oregon, 97306.

Is this property for sale now?

Active Listing: 5534 Skyline Rd S is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on October 5, 2021 for $390,000. (source: MLS/tax record).

How much acreage is this property?

The property 5534 Skyline Rd S is 1.95 acres.
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Rocket HomesOregonMarion CountySalem973065534 Skyline Rd S

This home is located at 5534 Skyline Rd S in Salem, OR and zip code 97306. This home sits on a 1.95 acre lot. It has been listed on Rocket Homes since December 16, 2023 and is currently priced at $1,230,000.

In October 2024 more than 24 listings in Salem, OR were sold above the asking price. During the same period more than 28 listings were sold at asking price, while more than 30 were sold below. The number of homes for sale in Salem, OR decreased by 1.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $435,000, while the average time on the real estate market was 53 days.

From Rocket Homes Real Estate and based on county public records data.

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