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435 Forest Hills Way

Salem, OR 97304

4 bd 3 ba 3,490 sqft Built 1966 Lot 23,958 sqft single_family
Most recent sale
$685,000
Jul 5, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 5, 2022 Sold $685,000 MLS #22441237
Jun 3, 2022 Sold $685,000 Public Record
Mar 25, 2022 Price changed $685,000 MLS #789992
Mar 25, 2022 Listed $685,000 MLS #22441237
Mar 21, 2022 Listed $725,000 MLS #789992
Aug 18, 2021 Listed $385,000 MLS #778771

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $248,840 $77,750 $326,590 $6,451
2023 $234,560 $73,290 $307,850 $5,802
2022 $227,730 $71,160 $298,890 $5,616
2021 $221,110 $69,080 $290,190 $5,456
2020 $214,670 $67,070 $281,740 $5,294
2019 $208,420 $65,120 $273,540 $5,109
2018 $202,360 $63,220 $265,580 $5,024
2017 $196,470 $61,380 $257,850 $4,528
2016 $190,740 $59,600 $250,340 $4,420
2015 $185,190 $57,860 $243,050 $4,457
2014 $179,800 $56,180 $235,980 $4,259
2013 $174,570 $54,540 $229,110 $4,139
2012 $169,490 $52,950 $222,440 $4,071
2011 $164,560 $51,410 $215,970 $3,895
2010 $159,770 $49,910 $209,680 $3,731
2009 $155,120 $48,460 $203,580 $3,679
2008 $150,610 $47,050 $197,660 $3,470
2007 $146,230 $45,680 $191,910 $3,386

Property facts

Year built
1966
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
3,490 sqft
Lot size
23,958 sqft
ZIP code
97304
City
Salem
Street
Forest Hills Way
Coordinates
44.93753, -123.07045

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$6,980
Gross rental yield
12.23%
Implied cap rate
7.95%
Trend-extrapolated value

Frequently asked questions

When did 435 Forest Hills Way last sell?
435 Forest Hills Way most recently sold on Jul 5, 2022 for $685,000.
What is the current tax assessment for 435 Forest Hills Way?
The most recent total assessment for 435 Forest Hills Way (year 2025) is $326,590 with $6,451 in property tax.
How does 435 Forest Hills Way's assessment compare to its last sale price?
The current assessment is 52.3% below the last sale price of $685,000.
When was 435 Forest Hills Way built?
435 Forest Hills Way was built in 1966.
How does 435 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 435 Forest Hills Way?
435 Forest Hills Way is a 4 bed, 3 bath, 3,490 sqft, 23,958 sqft lot single_family.
Is 435 Forest Hills Way a flip candidate?
No — 435 Forest Hills Way does not appear in our flips dataset.
Is 435 Forest Hills Way a tax-appeal candidate?
No — 435 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 valuation
Quarterly trend
+0.9%
Implied 1-yr
+3.5%
2026 Q3
$567.6K
2026 Q4
$572.3K
ZIP 97304 — Median Price History + Forecast

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