2560 Cherry Ave NE, Salem, OR, 97301
About This Home
Beautiful triplex in desirable central location in Salem. Recent updates add value and comfort, including newer vinyl windows and a heating and AC system that is only two years old. The home also includes a solar system, helping keep electric costs impressively low.A versatile, well-maintained property ready for its next chapter. A standout feature is the patio, which opens through French doors to become a seamless extension of the kitchen-ideal for gatherings and everyday living.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1938
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,Electric Range,Built-In Range,Electric Water Heater
Basement
- Has basement: Yes
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Carpet,Vinyl,Laminate
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,866
- Total interior livable area: 2,866 sqft
Property
Details
- Parcel number: 336066
- Zoning: RM2
Features
- Levels: Tri-Level
Lot
- Lot size: 7,545 sqft
- Features: Dimension Above
- Lot size dimensions: 64 x 19 x 61 x 119
Parking
- Parking features: No Garage
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
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Marion County and Oregon
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,877 | $34,524 |
| Home Insurance * | $155 | $1,860 |
| Property Taxes | $980 | $11,760 |
| Electricity | $260 | $3,121 |
| Total | $4,272 | $51,264 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-14 | Price change | $586,000 |
| 2026-05-04 | Listed for sale | $590,000 |
| 2026-04-27 | Listing removed | $590,000 |
| 2026-04-18 | Price change | $590,000 |
| 2026-03-19 | Price change | $697,500 |
| 2026-02-23 | Listed for sale | $724,500 |
| 2021-03-24 | Listing removed | -- |
| 2017-12-15 | Listing removed | $1,050 |
| 2017-12-05 | Price change | $1,050 |
| 2017-11-26 | Price change | $1,250 |
| 2017-11-13 | Listed for rent | $1,175 |
| 2017-09-17 | Listing removed | $1,050 |
| 2017-09-06 | Price change | $1,050 |
| 2017-08-23 | Price change | $1,175 |
| 2017-08-16 | Listed for rent | $1,050 |
| 2017-03-03 | Sold | $225,900 |
| 2016-10-19 | Price change | $239,900 |
| 2016-10-04 | Price change | $243,900 |
| 2016-09-20 | Price change | $248,900 |
| 2016-09-07 | Price change | $258,900 |
| 2016-08-09 | Listed for sale | $268,900 |
View on Zillow