560 Shangri La Ave
Salem, OR 97303
4 bd 2 ba 2,194 sqft Built 1960 Lot 7,242 sqft multi_family
Most recent sale
$400,000
Apr 20, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 20, 2022 | Sold | $400,000 | Public Record |
| Jan 10, 2022 | Listed | $395,000 | MLS #787485 |
| Jan 8, 2021 | Sold | $295,000 | Public Record |
| Nov 20, 2020 | Price changed | $295,000 | MLS #768587 |
| Oct 16, 2020 | Price changed | $313,500 | MLS #768587 |
| Oct 11, 2020 | Relisted | $305,500 | MLS #768587 |
| Sep 9, 2020 | Listed | $313,500 | MLS #768587 |
| Dec 17, 2016 | Listing removed | $210,000 | Willamette |
| Dec 7, 2016 | Sold | $204,000 | Public Record |
| Sep 29, 2016 | Price changed | $210,000 | MLS #709420 |
| Aug 23, 2016 | Listed | $225,000 | MLS #709420 |
| Dec 17, 2014 | Listing removed | $215,000 | Willamette |
| Oct 23, 2014 | Price changed | $215,000 | MLS #678543 |
| Jun 16, 2014 | Listed | $225,000 | MLS #678543 |
| Feb 2, 2010 | Listing removed | $198,500 | RMLS |
| Nov 6, 2009 | Relisted | $198,500 | MLS #9034342 |
| Nov 6, 2009 | Listed | $198,500 | MLS #611446 |
| Nov 5, 2009 | Listing removed | $198,500 | RMLS |
| May 3, 2009 | Listed | $198,500 | MLS #9034342 |
| Jan 9, 2009 | Listing removed | $214,900 | RMLS |
| Feb 8, 2008 | Listed | $214,900 | MLS #8013412 |
| Nov 9, 2005 | Sold | $135,900 | MLS #5049857 |
| Jul 12, 2005 | Listed | $135,900 | MLS #5049857 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $133,940 | $2,751 |
| 2024 | — | — | $130,040 | $2,553 |
| 2023 | — | — | $126,260 | $2,403 |
| 2022 | — | — | $122,590 | $2,336 |
| 2021 | — | — | $119,020 | $2,269 |
| 2020 | — | — | $115,560 | $2,204 |
| 2019 | — | — | $112,200 | $2,126 |
| 2018 | — | — | $108,940 | $2,164 |
| 2017 | — | — | $105,770 | $1,953 |
| 2016 | — | — | $102,690 | $1,860 |
| 2015 | — | — | $99,700 | $1,874 |
| 2014 | — | — | $96,800 | $1,814 |
| 2013 | — | — | $93,990 | $1,777 |
| 2012 | — | — | $91,260 | $1,734 |
| 2011 | — | — | $88,610 | $1,659 |
| 2010 | — | — | $86,030 | $1,591 |
| 2009 | — | — | $83,530 | $1,485 |
| 2008 | — | — | $81,100 | $1,485 |
| 2007 | — | — | $78,740 | $1,438 |
Property facts
Year built
1960
Property type
multi_family
Stories
2
Beds
4
Baths
2
Living area
2,194 sqft
Lot size
7,242 sqft
ZIP code
97303
City
Salem
Street
Shangri La Ave
Coordinates
44.97322, -123.02767
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,388
Gross rental yield
13.16%
Implied cap rate
8.56%
Trend-extrapolated value
—
Frequently asked questions
When did 560 Shangri La Ave last sell?
560 Shangri La Ave most recently sold on Apr 20, 2022 for $400,000.
What is the current tax assessment for 560 Shangri La Ave?
The most recent total assessment for 560 Shangri La Ave (year 2025) is $133,940 with $2,751 in property tax.
How does 560 Shangri La Ave's assessment compare to its last sale price?
The current assessment is 66.5% below the last sale price of $400,000.
When was 560 Shangri La Ave built?
560 Shangri La Ave was built in 1960.
How does 560 Shangri La Ave compare to others on Shangri La Ave?
We track 3 other properties on Shangri La Ave. Browse the list under "Other properties on Shangri La Ave" to compare beds, baths, and sale history.
What are the property facts for 560 Shangri La Ave?
560 Shangri La Ave is a 4 bed, 2 bath, 2,194 sqft, 7,242 sqft lot multi_family.
Is 560 Shangri La Ave a flip candidate?
Yes — 560 Shangri La Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 560 Shangri La Ave a tax-appeal candidate?
No — 560 Shangri La 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
-0.8%
Implied 1-yr
-3.1%
2026 Q3
$419.8K
2026 Q4
$416.3K
ZIP 97303 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Shangri La Ave