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1283 Karen Way NW, Salem, OR, 97304

3beds
2baths
1,408sqft
$264,900
$188price/sqft
$2,023/moest. monthly cost
$80,920/yrincome needed

About This Home

Accepted Offer with Contingencies. Well-established West Salem opportunity offering comfort and low-maintenance living. 3BR, 1.5Bth features laminate flooring, Wood burning fp, spacious main-level living area. Updates include pex plumbing throughout, vinyl windows, SS appliances, furnace 2025 & Central AC. Tandem 2-car detached garage and a private rear courtyard. HOA covers ext. maint, water/sewer, common area landscaping & garbage. Convenient location near schools, shopping, and commuter routes.

Getting Around

46
WalkingCar-Dependent
35
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

5/10
4/10
Walker Middle SchoolGrades 6-80.4 mi
6/10
West Salem High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1968

Materials

  • Foundation: Continuous
  • Roof: Composition
  • Construction materials: Wood Siding,T111

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Range,Range Included,Gas Water Heater
  • Laundry features: Main Level

Bedroom2

  • Level: Upper
  • Area: 108

Bedroom3

  • Level: Upper
  • Area: 91.91

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Features: Area (Combination)

Features

  • Flooring: Laminate
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,408
  • Total interior livable area: 1,408 sqft

Kitchen

  • Level: Main
  • Area: 182

Living Room

  • Level: Main
  • Area: 136.748

Master Bedroom

  • Level: Upper
  • Area: 166.95000000000002

Property

Details

  • Parcel number: 248086
  • Zoning: RS

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Brown
  • Fencing: Partial
  • Has view: Yes
  • View description: Territorial

Lot

  • Features: Zero Lot Line,Landscaped

Parking

  • Total spaces: 2
  • Parking features: Detached
  • 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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Ice Storm
Lightning
Winter Weather

FEMA Declared Disasters in Polk County and Oregon

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 $1,339$16,068
Home Insurance *$71$852
Property Taxes $437$5,244
Electricity $176$2,119
Total$2,023$24,276
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$69,360/yr
40% on housing$60,690/yr
45% on housing$53,946/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: 3.9%
3.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$188This listing

vs Other Active Listings

Avg $/sqft

ZIP 97304$245
Polk County$247

vs Homes Sold Last Month

Median $/sqft

ZIP 97304$245
Polk County$277

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
2026-06-03Price change$264,900
2026-04-27Price change$269,900
2026-03-10Price change$279,900
2026-02-24Price change$287,900
2026-01-21Price change$292,900
2026-01-05Price change$294,900
2025-12-13Listed for sale$299,900
2018-08-20Sold$190,000
2018-06-29Pending sale$194,900
2018-06-06Listed for sale$194,900
2016-12-30Sold$160,000
2016-08-10Listed for sale$164,900
2011-06-06Sold$72,500
2011-03-15Price change$78,500
2011-02-12Price change$82,900
2011-01-01Price change$85,000
2010-12-01Price change$89,900
2010-10-29Price change$95,000
2010-06-16Price change$108,500
2010-05-23Price change$118,500
2010-04-10Price change$124,500
2010-03-08Price change$129,900
2010-02-06Price change$131,500
2010-01-09Price change$138,000
2009-11-21Listed for sale$148,500
2009-11-04Sold$110,847

For Sale by Agent

AgentCHUN TRUONG
BrokerageHomesmart Realty Group

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