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4001 12th St SE APT 5, Salem, OR, 97302

2beds
2baths
1,158sqft
$249,900
$216price/sqft
$1,670/moest. monthly cost
$66,800/yrincome needed

About This Home

Updated South Salem Condo, live the easy life with no yard work. It is a quiet neighborhood close to great restaurants, entertainment, and a bus stop. updated kitchen with SS appliances, granite counters, gas fireplace, a shaded afternoon deck, and a sitting area next to the creek for your morning coffee in the sun. 2 nice-sized bedrooms plus an office. Laminate flooring downstairs, carpet up. Move-in ready. HOA pays W/S/G, landscape and exterior maintenance. New roof.

Getting Around

61
WalkingSomewhat Walkable
34
TransitSome Transit
64
BikeBikeable

Schools

8/10
5/10
Leslie Middle SchoolGrades 6-80.6 mi
5/10
South Salem High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1991

Materials

  • Foundation: Continuous
  • Roof: Composition
  • Construction materials: Vinyl Siding,Lap Siding

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Range,Gas Water Heater

Bedroom2

  • Level: Upper
  • Area: 125.43

Bedrooms & Bathrooms

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

Dining Room

  • Features: Area (Combination)
  • Level: Main
  • Area: 106.22000000000001

Features

  • Office,High Speed Internet
  • Flooring: Carpet,Laminate
  • Fireplace features: Family Room,Gas
  • Fireplace: Yes

Heating

  • Heating features: Electric,Zoned

Interior Area

  • Total structure area: 1,158
  • Total interior livable area: 1,158 sqft

Kitchen

  • Level: Main
  • Area: 69.66

Living Room

  • Level: Main
  • Area: 205.82699999999997

Master Bedroom

  • Level: Upper
  • Area: 159.60000000000002

Property

Details

  • Zoning: RM2

Features

  • Patio & porch: Deck
  • Exterior features: White
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 849 sqft
  • Features: Landscaped

Parking

  • Total spaces: 1
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
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 $1,263$15,156
Home Insurance *$59$708
Property Taxes $172$2,064
Electricity $176$2,119
Total$1,670$20,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,257/yr
40% on housing$50,100/yr
45% on housing$44,533/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

$216This listing

vs Other Active Listings

Avg $/sqft

ZIP 97302$238
Marion County$231

vs Homes Sold Last Month

Median $/sqft

ZIP 97302$247
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
2026-04-16Listed for sale$257,000

For Sale by Agent

AgentDANA and ALAN BURK
BrokerageKeller Williams Capital City

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