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3386 48th Ave NE, Salem, OR, 97305

3beds
2baths
1,679sqft
$460,000
$274price/sqft
$3,150/moest. monthly cost
$126,000/yrincome needed

About This Home

Charming single-level ranch on a large, beautifully landscaped lot. Features include hardwood floors, granite countertops, central A/C, solar tube, underground sprinklers, greenhouse, storage shed, and a spacious covered deck. Ample room for RV, boat or trailers. RV plug in garage. Enjoy easy living and exceptional outdoor space for gardening, entertaining, or simply relaxing. Great east side location for quick access to NE Salem and I5.

Getting Around

51
WalkingSomewhat Walkable
31
TransitSome Transit
54
BikeBikeable

Schools

2/10
Scott Elementary SchoolGrades K-50.1 mi
2/10
Waldo Middle SchoolGrades 6-81.7 mi
2/10
McKay High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1960

Materials

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

Type & Style

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

Interior

Appliances

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

Bedroom2

  • Level: Main

Bedroom3

  • Level: Main

Bedrooms & Bathrooms

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

Dining Room

  • Features: Area (Combination)
  • Level: Main

Features

  • High Speed Internet
  • Flooring: Carpet,Laminate
  • Fireplace features: Family Room,Gas,Living Room,Wood Burning
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 1,679
  • Total interior livable area: 1,679 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 523035
  • Zoning: UD
  • Exclusions: Tenant's personal property

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered Deck
  • Exterior features: Beige
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: Partial

Lot

  • Lot size: 1,679 sqft
  • Features: Dimension Above,Landscaped
  • Lot size dimensions: 125 x 125

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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • 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 $2,326$27,912
Home Insurance *$112$1,344
Property Taxes $536$6,432
Electricity $176$2,119
Total$3,150$37,800
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$108,000/yr
40% on housing$94,500/yr
45% on housing$84,000/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

$274This listing

vs Other Active Listings

Avg $/sqft

ZIP 97305$199
Marion County$231

vs Homes Sold Last Month

Median $/sqft

ZIP 97305$273
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
2026-06-24Listed for sale$460,000
2023-09-27Listing removed--
2023-09-21Listed for rent$2,300
2023-09-19Listing removed--
2023-08-28Price change$450,000
2023-08-15Listed for sale$455,000
2008-12-01Sold$235,000
2008-08-19Price change$235,000
2008-07-26Price change$245,900
2008-06-02Price change$249,900
2008-05-18Listed for sale$259,900
2005-12-20Sold$209,900

For Sale by Agent

AgentARNIE AMSDEN
BrokerageAmsden Realty Llc

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