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1905 Spicetree Ln SE, Salem, OR, 97306

3beds
3baths
2,284sqft
$464,990
$204price/sqft
$3,474/moest. monthly cost
$138,960/yrincome needed

About This Home

Tucked into a quiet pocket of Southeast Salem,this Spicetree Lane home offers a blend of comfort and everyday livability without the fuss.From the moment you step inside,the layout just makes sense,open where you want it, defined where it matters.Natural light filters through the main living areas, giving the space an easy, relaxed feel that works just as well for slow mornings as it does for hosting friends.The kitchen connects seamlessly to the dining and living spaces,creating a natural hub of the home Bedrooms are thoughtfully positioned for privacy, and the primary suite provides a calm retreat at the end of the day.Outside, the backyard is ready for whatever you have in mind, whether that’s weekend barbecues, a bit of gardening, or simply a place to unwind. The setting strikes a nice balance: peaceful, but still close to everything you need in Salem.If you’ve been waiting for a home that feels approachable, functional, and easy to settle into, this one is worth a closer look.

Getting Around

38
WalkingCar-Dependent
31
TransitSome Transit
31
BikeSomewhat Bikeable

Schools

2/10
5/10
Judson Middle SchoolGrades 6-82.5 mi
6/10
Sprague High SchoolGrades 9-123.5 mi

Construction

Condition

  • Year built: 1989

Materials

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

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Down Draft,Electric Range,Microwave,Range Included,Electric Water Heater

Bedrooms & Bathrooms

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

Dining Room

  • Features: Area (Combination)

Features

  • Breakfast Room/Nook,Loft,Office
  • Flooring: Carpet,Wood
  • Fireplace features: Living Room,Wood Burning
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total structure area: 2,284
  • Total interior livable area: 2,284 sqft

Property

Details

  • Parcel number: 569833
  • Zoning: RM2

Features

  • Patio & porch: Covered Deck,Deck
  • Fencing: Fenced
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 1,742 sqft
  • Features: Dimension Above,Landscaped

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 WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Strong Wind

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 $2,351$28,212
Home Insurance *$115$1,380
Property Taxes $801$9,612
Electricity $207$2,487
Total$3,474$41,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$119,108/yr
40% on housing$104,220/yr
45% on housing$92,640/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

$204This listing

vs Other Active Listings

Avg $/sqft

ZIP 97306$235
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
2026-05-01Listed for sale$494,500
2020-07-10Sold$336,500
2020-06-02Pending sale$339,000
2020-05-25Listed for sale$339,000
2019-09-05Listing removed$395,000
2019-07-27Price change$395,000
2019-07-06Listed for sale$400,000
2016-08-03Sold$263,000
2016-04-23Price change$269,900
2016-01-31Listed for sale$279,900

For Sale by Agent

AgentROBERT WENTLAND
BrokerageKeller Williams Realty Mid Willamette

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