241 Rees Hill Rd
Salem, OR 97306
2 bd 1 ba 1,105 sqft Built 1940 Lot 37,897 sqft single_family
Most recent sale
$475,000
Apr 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 30, 2025 | Sold | $499,000 | Willamette |
| Aug 1, 2025 | Listed | $499,900 | RMLS |
| Apr 29, 2022 | Sold | $475,000 | MLS #22365683 |
| Mar 10, 2022 | Listed | $475,000 | MLS #22365683 |
| Mar 9, 2022 | Listed | $475,000 | MLS #788442 |
| Feb 21, 2002 | Sold | $45,000 | Public Record |
| Aug 15, 1979 | Sold | $40,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $136,180 | $1,728 |
| 2024 | — | — | $132,220 | $1,678 |
| 2023 | — | — | $128,370 | $1,588 |
| 2022 | — | — | $124,640 | $1,549 |
| 2021 | — | — | $121,010 | $1,509 |
| 2020 | — | — | $117,490 | $1,469 |
| 2019 | — | — | $114,070 | $1,414 |
| 2018 | — | — | $110,750 | $1,440 |
| 2017 | — | — | $107,530 | $1,261 |
| 2016 | — | — | $104,400 | $1,204 |
| 2015 | — | — | $101,360 | $1,237 |
| 2014 | — | — | $98,410 | $1,182 |
| 2013 | — | — | $97,270 | $1,191 |
| 2012 | — | — | $94,440 | $1,163 |
| 2011 | — | — | $91,690 | $1,104 |
| 2010 | — | — | $89,020 | $1,053 |
| 2009 | — | — | $86,430 | $1,007 |
| 2008 | — | — | $83,920 | $1,007 |
| 2007 | — | — | $81,480 | $966 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,105 sqft
Lot size
37,897 sqft
ZIP code
97306
City
Salem
Street
Rees Hill Rd
Coordinates
44.85816, -123.05842
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,210
Gross rental yield
5.58%
Implied cap rate
3.63%
Trend-extrapolated value
—
Frequently asked questions
When did 241 Rees Hill Rd last sell?
241 Rees Hill Rd most recently sold on Apr 29, 2022 for $475,000.
What is the current tax assessment for 241 Rees Hill Rd?
The most recent total assessment for 241 Rees Hill Rd (year 2025) is $136,180 with $1,728 in property tax.
How does 241 Rees Hill Rd's assessment compare to its last sale price?
The current assessment is 71.3% below the last sale price of $475,000.
When was 241 Rees Hill Rd built?
241 Rees Hill Rd was built in 1940.
How does 241 Rees Hill Rd compare to others on Rees Hill Rd?
We track 8 other properties on Rees Hill Rd. Browse the list under "Other properties on Rees Hill Rd" to compare beds, baths, and sale history.
What are the property facts for 241 Rees Hill Rd?
241 Rees Hill Rd is a 2 bed, 1 bath, 1,105 sqft, 37,897 sqft lot single_family.
Is 241 Rees Hill Rd a flip candidate?
No — 241 Rees Hill Rd does not appear in our flips dataset.
Is 241 Rees Hill Rd a tax-appeal candidate?
No — 241 Rees Hill Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.1%
Implied 1-yr
-0.5%
2026 Q3
$550.7K
2026 Q4
$549.9K
ZIP 97306 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rees Hill Rd