1550 Madison St
Salem, OR 97301
4 bd 2 ba 1,686 sqft Built 1939 Lot 4,791 sqft single_family
Most recent sale
$371,000
May 31, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 31, 2022 | Sold | $371,000 | Public Record |
| Apr 21, 2022 | Listed | $359,900 | MLS #791436 |
| Nov 18, 2016 | Listing removed | $179,900 | Willamette |
| Nov 10, 2016 | Sold | $185,000 | MLS #16622580 |
| Sep 12, 2016 | Price changed | $179,900 | MLS #709514 |
| Sep 2, 2016 | Listed | $190,000 | MLS #709514 |
| Sep 1, 2016 | Listed | $190,000 | MLS #16622580 |
| Feb 14, 2006 | Sold | $148,900 | Public Record |
| Jun 30, 2005 | Sold | $95,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $163,840 | $3,366 |
| 2024 | — | — | $159,070 | $3,123 |
| 2023 | — | — | $154,440 | $2,940 |
| 2022 | — | — | $149,950 | $2,858 |
| 2021 | — | — | $145,590 | $2,776 |
| 2020 | — | — | $141,350 | $2,696 |
| 2019 | — | — | $137,240 | $2,600 |
| 2018 | — | — | $133,250 | $2,647 |
| 2017 | — | — | $129,370 | $2,389 |
| 2016 | — | — | $125,610 | $2,275 |
| 2015 | — | — | $121,960 | $2,292 |
| 2014 | — | — | $118,410 | $2,219 |
| 2013 | — | — | $114,970 | $2,108 |
| 2012 | — | — | $111,630 | $2,094 |
| 2011 | — | — | $108,380 | $2,029 |
| 2010 | — | — | $105,230 | $1,947 |
| 2009 | — | — | $102,170 | $1,816 |
| 2008 | — | — | $99,200 | $1,816 |
| 2007 | — | — | $96,320 | $1,759 |
Property facts
Year built
1939
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,686 sqft
Lot size
4,791 sqft
ZIP code
97301
City
Salem
Street
Madison St
Coordinates
44.95228, -123.01418
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,372
Gross rental yield
10.91%
Implied cap rate
7.09%
Trend-extrapolated value
—
Frequently asked questions
When did 1550 Madison St last sell?
1550 Madison St most recently sold on May 31, 2022 for $371,000.
What is the current tax assessment for 1550 Madison St?
The most recent total assessment for 1550 Madison St (year 2025) is $163,840 with $3,366 in property tax.
How does 1550 Madison St's assessment compare to its last sale price?
The current assessment is 55.8% below the last sale price of $371,000.
When was 1550 Madison St built?
1550 Madison St was built in 1939.
How does 1550 Madison St compare to others on Madison St?
We track 8 other properties on Madison St. Browse the list under "Other properties on Madison St" to compare beds, baths, and sale history.
What are the property facts for 1550 Madison St?
1550 Madison St is a 4 bed, 2 bath, 1,686 sqft, 4,791 sqft lot single_family.
Is 1550 Madison St a flip candidate?
No — 1550 Madison St does not appear in our flips dataset.
Is 1550 Madison St a tax-appeal candidate?
No — 1550 Madison St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.4%
Implied 1-yr
-9.4%
2026 Q3
$380.1K
2026 Q4
$369.5K
ZIP 97301 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Madison St