345 Forest Hills Way
Salem, OR 97304
4 bd 3 ba 2,940 sqft Built 1952 Lot 20,473 sqft single_family
Most recent sale
$570,000
Aug 23, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 23, 2022 | Sold | $570,000 | MLS #22616630 |
| Jul 27, 2022 | Listed | $559,000 | MLS #22616630 |
| Jul 7, 2022 | Listed | $559,000 | MLS #794718 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $234,850 | $69,550 | $304,400 | $6,013 |
| 2023 | $221,370 | $65,570 | $286,940 | $5,407 |
| 2022 | $214,930 | $63,660 | $278,590 | $5,234 |
| 2021 | $208,670 | $61,810 | $270,480 | $5,085 |
| 2020 | $202,600 | $60,010 | $262,610 | $4,935 |
| 2019 | $196,710 | $58,260 | $254,970 | $4,762 |
| 2018 | $190,990 | $56,560 | $247,550 | $4,683 |
| 2017 | $185,420 | $54,920 | $240,340 | $4,221 |
| 2016 | $180,020 | $53,320 | $233,340 | $4,120 |
| 2015 | $174,780 | $51,770 | $226,550 | $4,155 |
| 2014 | $169,700 | $50,260 | $219,960 | $3,970 |
| 2013 | $164,760 | $48,800 | $213,560 | $3,890 |
| 2012 | $159,960 | $47,380 | $207,340 | $3,795 |
| 2011 | $155,310 | $46,000 | $201,310 | $3,631 |
| 2010 | $150,790 | $44,660 | $195,450 | $3,478 |
| 2009 | $146,400 | $43,360 | $189,760 | $3,430 |
| 2008 | $142,140 | $42,100 | $184,240 | $3,235 |
| 2007 | $138,010 | $40,870 | $178,880 | $3,156 |
Property facts
Year built
1952
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,940 sqft
Lot size
20,473 sqft
ZIP code
97304
City
Salem
Street
Forest Hills Way
Coordinates
44.93712, -123.06955
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,880
Gross rental yield
12.38%
Implied cap rate
8.05%
Trend-extrapolated value
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Frequently asked questions
When did 345 Forest Hills Way last sell?
345 Forest Hills Way most recently sold on Aug 23, 2022 for $570,000.
What is the current tax assessment for 345 Forest Hills Way?
The most recent total assessment for 345 Forest Hills Way (year 2025) is $304,400 with $6,013 in property tax.
How does 345 Forest Hills Way's assessment compare to its last sale price?
The current assessment is 46.6% below the last sale price of $570,000.
When was 345 Forest Hills Way built?
345 Forest Hills Way was built in 1952.
How does 345 Forest Hills Way compare to others on Forest Hills Way?
We track 5 other properties on Forest Hills Way. Browse the list under "Other properties on Forest Hills Way" to compare beds, baths, and sale history.
What are the property facts for 345 Forest Hills Way?
345 Forest Hills Way is a 4 bed, 3 bath, 2,940 sqft, 20,473 sqft lot single_family.
Is 345 Forest Hills Way a flip candidate?
No — 345 Forest Hills Way does not appear in our flips dataset.
Is 345 Forest Hills Way a tax-appeal candidate?
No — 345 Forest Hills Way 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
Geography
Other properties on Forest Hills Way