




2398 Cole Rd S, Salem, OR, 97306
About This Home
4.21 acres of special agricultural land in one of Salem’s most desirable locations with a recently remodeled 5 bedroom/3 bathroom home with PEX/copper plumbing, updated electrical and new septic system. This gorgeous property also includes an above ground pool with surrounding Timber Tech deck, owned solar panel array to help offset electrical bills, a barn, garden area and large pastures. 4.21 acres of special agriculture land in one of Salem’s most desirable locations in South Salem. The land itself offers privacy and serenity with an artesian well and creek that lines the west end of the property, close proximity to schools, wineries, tree farms and agriculture. Property offers a 5 bedroom/3 bath home with recent additions and two primary suites. A 1966 home with all main systems updated over the last 5 years PEX and copper plumbing, updated electrical panel, septic system and leach field, and exterior paint. True hardwood flooring throughout the upstairs where the first primary suite has vaulted ceilings, full bathroom, and a walk-in closet. Two other cozy bedrooms and a full bathroom are upstairs. A spacious dining room that flows into the updated kitchen with Corian countertops, and crown molding throughout the kitchen and living room. Newer appliances, stainless gas range and dishwasher and plenty of cabinetry for storage. French doors that lead to a Timber Tech decking which runs the length of the home and surrounds an above ground pool. The downstairs has another bedroom and the second large primary suite with a full bathroom (walk-in shower) and lots of closet space. In addition to the main house the property has a barn with electricity; 3 outdoor and 2 indoor bays, a workout room, and finished storage room with attic. The property includes a solar panel array to power the house, barn, and pump house. There is room for parking vehicles, RVs, trailers, and/or boats. A long asphalt driveway lined with fruit trees (apples, cherries, plums, and peaches) welcome you home. Schedule a showing to experience this home and property in person.
Getting Around
Schools
Construction
Condition
- Year built: 1966
Materials
- Foundation: Continuous,Slab
- Roof: Composition
- Construction materials: Fiber Cement,Wood Siding,Lap Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Gas Range,Range Included,Gas Water Heater
- Laundry features: Lower Level
Basement
- Has basement: Yes
- Basement: Finished
Bedroom2
- Level: Main
Bedroom3
- Level: Main
Bedroom4
- Level: Lower
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
Dining Room
- Features: Area (Combination)
- Level: Main
Family Room
- Level: Main
Features
- Workshop
- Flooring: Tile,Wood
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 3,391
- Total interior livable area: 3,391 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Property
Details
- Parcel number: 561587
- Zoning: SA
Features
- Levels: Split Entry
- Private pool: Yes
- Pool features: Above Ground
- Patio & porch: Covered Deck,Deck
- Exterior features: Beige
- Fencing: Partial
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 4.21 Acres
Parking
- Total spaces: 2
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Marion County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,056 | $60,672 |
| Home Insurance * | $248 | $2,976 |
| Property Taxes | $1,048 | $12,576 |
| Electricity | $307 | $3,692 |
| Total | $6,659 | $79,908 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-16 | Price change | $999,999 |
| 2026-03-26 | Price change | $1,050,000 |
| 2026-02-04 | Listed for sale | $1,100,000 |
| 2019-06-07 | Sold | $499,000 |
