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5954 Sorrento St S, Salem, OR, 97306

5beds
3baths
3,006sqft
$789,960
$263price/sqft
$5,813/moest. monthly cost
$232,520/yrincome needed

About This Home

New construction coming soon to Verona Heights in South Salem. Estimated completion August 2026, still time to personalize some interior finishes. Sample photos are of a similar home, finishes may vary. The main level of this 5-bedroom home offers formal dining, a bedroom with walk-in closet and full bath, a gourmet kitchen with gas appliances, and a fenced backyard with a 20-foot-wide covered back deck. An elegant iron and wood staircase leads upstairs to an open loft, centered around four additional bedrooms, including a private primary suite featuring a large walk-in closet, soaking tub and walk-in shower. No HOA. Other plans available/under construction, visit the community model home, located at 2149 Veneta Ave S, to learn more.

Getting Around

0
WalkingCar-Dependent
21
TransitMinimal Transit
22
BikeSomewhat Bikeable

Schools

4/10
3/10
Crossler Middle SchoolGrades 6-80.6 mi
6/10
Sprague High SchoolGrades 9-121.1 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Materials

  • Foundation: Continuous
  • Roof: Composition,Shingle
  • Construction materials: Brick,Fiber Cement,Lap Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Range,Built-In Range,Microwave,Electric Water Heater
  • Laundry features: Upper Level

Bedroom2

  • Level: Upper

Bedroom3

  • Level: Upper

Bedroom4

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 1

Dining Room

  • Features: Formal
  • Level: Main

Family Room

  • Level: Upper

Features

  • Loft,Smart Home
  • Flooring: Carpet,Tile
  • Fireplace features: Living Room,Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,006
  • Total interior livable area: 3,006 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 611960

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered Patio
  • Fencing: Fenced
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 6,534 sqft
  • Features: Landscaped

Parking

  • Total spaces: 3
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

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 $3,994$47,928
Home Insurance *$195$2,340
Property Taxes $1,352$16,224
Electricity $272$3,273
Total$5,813$69,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$199,302/yr
40% on housing$174,390/yr
45% on housing$155,013/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

$263This listing

vs Other Active Listings

Avg $/sqft

ZIP 97306$234
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
2026-03-08Listed for sale$805,073

New Construction

AgentCHARLIE TARON
BrokerageRichmond American Homes Of Oregon Inc

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