861 55th Ave
Salem, OR 97304
5 bd 3 ba 2,972 sqft Built 1978 Lot 243,936 sqft single_family
Most recent sale
$693,000
Apr 2, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 13, 2025 | Sold | $900,000 | Public Record |
| Jan 10, 2025 | Sold | $900,000 | RMLS |
| Aug 21, 2024 | Listed | $985,000 | Willamette |
| Mar 29, 2023 | Listing removed | $1,195,000 | RMLS |
| Jul 7, 2022 | Listed | $1,195,000 | MLS #22326783 |
| May 10, 2022 | Listed | $1,195,000 | MLS #792015 |
| Apr 2, 2021 | Sold | $693,000 | MLS #21497470 |
| Feb 27, 2021 | Listed | $660,000 | MLS #774206 |
| May 31, 2018 | Sold | $550,000 | Public Record |
| Apr 11, 2018 | Listed | $585,000 | MLS #730900 |
| Sep 24, 2008 | Listing removed | $525,000 | RMLS |
| Nov 28, 2007 | Sold | $445,000 | Public Record |
| Jun 26, 2006 | Listed | $525,000 | MLS #6054172 |
| Apr 28, 1998 | Sold | $279,000 | Public Record |
| Apr 22, 1998 | Sold | $279,000 | Public Record |
| Jan 1, 1998 | Sold | $279,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $282,120 | $124,970 | $407,090 | $4,846 |
| 2023 | $265,940 | $117,790 | $383,730 | $4,592 |
| 2022 | $258,200 | $114,360 | $372,560 | $4,454 |
| 2021 | $250,680 | $111,030 | $361,710 | $4,340 |
| 2020 | $243,380 | $107,800 | $351,180 | $4,220 |
| 2019 | $236,310 | $104,650 | $340,960 | $4,067 |
| 2018 | $229,420 | $101,610 | $331,030 | $3,992 |
| 2017 | $222,740 | $98,650 | $321,390 | $3,481 |
| 2016 | $216,250 | $95,780 | $312,030 | $3,456 |
| 2015 | $209,960 | $92,990 | $302,950 | $3,560 |
| 2014 | $203,850 | $90,280 | $294,130 | $3,333 |
| 2013 | $197,920 | $87,650 | $285,570 | $3,302 |
| 2012 | $192,160 | $85,100 | $277,260 | $3,220 |
| 2011 | $186,560 | $82,630 | $269,190 | $3,058 |
| 2010 | $181,120 | $80,230 | $261,350 | $2,909 |
| 2009 | $175,850 | $77,890 | $253,740 | $2,891 |
| 2008 | $170,730 | $75,620 | $246,350 | $2,772 |
| 2007 | $165,770 | $73,410 | $239,180 | $2,689 |
Property facts
Year built
1978
Property type
single_family
Stories
3
Beds
5
Baths
3
Living area
2,972 sqft
Lot size
243,936 sqft
ZIP code
97304
City
Salem
Street
55th Ave
Coordinates
44.94515, -123.13856
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,944
Gross rental yield
10.29%
Implied cap rate
6.69%
Trend-extrapolated value
—
Frequently asked questions
When did 861 55th Ave last sell?
861 55th Ave most recently sold on Apr 2, 2021 for $693,000.
What is the current tax assessment for 861 55th Ave?
The most recent total assessment for 861 55th Ave (year 2025) is $407,090 with $4,846 in property tax.
How does 861 55th Ave's assessment compare to its last sale price?
The current assessment is 41.3% below the last sale price of $693,000.
When was 861 55th Ave built?
861 55th Ave was built in 1978.
How does 861 55th Ave compare to others on 55th Ave?
We track 8 other properties on 55th Ave. Browse the list under "Other properties on 55th Ave" to compare beds, baths, and sale history.
What are the property facts for 861 55th Ave?
861 55th Ave is a 5 bed, 3 bath, 2,972 sqft, 243,936 sqft lot single_family.
Is 861 55th Ave a flip candidate?
No — 861 55th Ave does not appear in our flips dataset.
Is 861 55th Ave a tax-appeal candidate?
No — 861 55th Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.5%
2026 Q3
$567.6K
2026 Q4
$572.3K
ZIP 97304 — Median Price History + Forecast
Explore nearby
Other properties on 55th Ave