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10232 Liberty Rd S, Salem, OR, 97306

4beds
2baths
2,803sqft
$985,000
$351price/sqft
$6,536/moest. monthly cost
$261,440/yrincome needed

About This Home

Set on 4.9 tranquil acres in Spring Lake Estates, this meticulously maintained home boasts vaulted ceilings, huge windows & extensive decking for expansive views of the private lake, Coastal range & Ankeny Wildlife Refuge. Primary BR/updated bath on the main, liv rm w/fp, kitchen w/walk-in pantry. Skylit loft upstairs for office, great room. Lower level w/3BR (2 w/views), full bath, laundry, work room & sep entrance for dual living. Garden beds, shed, central air, RV pkg. Community hiking, riding trails. Set on nearly 5 private, peaceful and tranquil acres in Spring Lake Estates, this meticulously maintained log cabin home blends timeless craftsmanship and Pacific Northwest natural beauty. The soaring vaulted ceilings, wall of windows and extensive decking focus on views of the private lake, coastal range and Ankeny Wildlife Refuge. The primary bedroom and updated bath are located on the main level along w/the kitchen with walk-in pantry, living room with fireplace and dining room. A skylit loft upstairs can be used as a home office, studio, or great room. The lower level has potential for dual living with three bedrooms, two with views, a full bath, laundry room, dedicated workroom and separate entrances.Outside are raised beds, extensive fire safe landscaping, and garden shed for gardening tools. Spring Lake Estates offers private hiking and riding trails along with boating opportunities during the summer.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
2
BikeSomewhat Bikeable

Schools

4/10
2/10
Jefferson Middle SchoolGrades 6-85.6 mi
6/10
Jefferson High SchoolGrades 9-125.5 mi

Construction

Condition

  • Year built: 1979

Materials

  • Foundation: Continuous
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Electric Range,Electric Water Heater
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Daylight

Bedroom2

  • Level: Lower

Bedroom3

  • Level: Lower

Bedroom4

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1

Dining Room

  • Features: Area (Combination)
  • Level: Main

Family Room

  • Level: Upper

Features

  • Loft,Mudroom,Walk-in Pantry,Other(Refer to Remarks)
  • Flooring: Carpet,Wood
  • Fireplace features: Living Room,Propane
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric,Forced Air,Ductless/Mini-Split
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,803
  • Total interior livable area: 2,803 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 560503
  • Zoning: AR

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered Patio,Deck,Covered Deck
  • Exterior features: Wood
  • Fencing: Partial
  • Has view: Yes
  • View description: Mountain(s),Territorial

Lot

  • Lot size: 4.90 Acres
  • Features: Dimension Above,Landscaped
  • Lot size dimensions: 205 x 1054

Parking

  • Parking features: No Garage

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
    EarthquakeVery High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Marion County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $4,980$59,760
Home Insurance *$244$2,928
Property Taxes $1,058$12,696
Electricity $254$3,052
Total$6,536$78,432
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$224,091/yr
40% on housing$196,080/yr
45% on housing$174,293/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 6.7%
6.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$351This listing

vs Other Active Listings

Avg $/sqft

ZIP 97306$232
Marion County$231

vs Homes Sold Last Month

Median $/sqft

ZIP 97306$277
Marion County$278

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

DateEventPrice
2026-08-13Price change$925,000
2026-07-09Price change$985,000
2026-06-17Listed for sale$1,050,000

For Sale by Agent

AgentJESSICA PANKRATZ
BrokerageConnected Real Estate Group

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