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368 Stoneway Dr NW, Salem, OR, 97304

6beds
3baths
2,610sqft
$549,500
$211price/sqft
$4,068/moest. monthly cost
$162,720/yrincome needed

About This Home

Accepted Offer with Contingencies. Move-in ready 6BR/3BA West Salem home with park access and rare flexibility. The large bonus room with separate entrance opens up real possibilities — work-from-home business, hobby studio, or quiet storage. The full second kitchen below makes dual living simple, whether for family or extra income potential. Extensive remodel inside: new cabinets, quartz, stainless appliances, HVAC, vinyl plank flooring, paint, and garage doors. 2,610 sqft, 2-car attached. Nothing to do but unpack.

Getting Around

13
WalkingCar-Dependent
29
TransitSome Transit
19
BikeSomewhat Bikeable

Schools

6/10
4/10
Walker Middle SchoolGrades 6-81.2 mi
6/10
West Salem High SchoolGrades 9-121.5 mi

Construction

Condition

  • Year built: 1963

Materials

  • Roof: Composition

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Range Included
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom2

  • Level: Main
  • Area: 156.6

Bedroom3

  • Level: Main
  • Area: 92.21999999999998

Bedroom4

  • Level: Lower
  • Area: 82.901

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 2

Dining Room

  • Level: Main
  • Area: 139.7

Family Room

  • Level: Lower
  • Area: 309.68100000000004

Features

  • Breakfast Room/Nook,Workshop
  • Flooring: Wood
  • Fireplace features: Family Room,Living Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric,Heat Pump,Hot Water,Baseboard,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,610
  • Total interior livable area: 2,610 sqft

Kitchen

  • Level: Main
  • Area: 74.61999999999999

Living Room

  • Level: Main
  • Area: 253.8

Master Bedroom

  • Level: Main
  • Area: 182.5

Property

Details

  • Parcel number: 263883
  • Zoning: RS

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered Deck,Covered Patio
  • Exterior features: Grey

Lot

  • Lot size: 9,111 sqft
  • Features: Landscaped
  • Lot size dimensions: 100 x 100

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
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

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 $2,778$33,336
Home Insurance *$147$1,764
Property Taxes $907$10,884
Electricity $236$2,842
Total$4,068$48,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,474/yr
40% on housing$122,040/yr
45% on housing$108,480/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

$211This listing

vs Other Active Listings

Avg $/sqft

ZIP 97304$244
Polk County$246

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
2026-07-28Price change$549,500
2026-07-07Price change$574,900
2026-05-29Listed for sale$599,000
2025-11-19Sold$330,000
2025-10-11Pending sale$360,000
2025-10-04Listed for sale$360,000
2025-09-07Pending sale$360,000
2025-08-26Listed for sale$360,000

For Sale by Agent

AgentPATRICK SIENG
BrokerageCapitol Real Estate

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