4055 Silverton Rd NE, Salem, OR, 97305
About This Home
This move-in ready home has been extensively updated and is looking for its next owner. Recent improvements include a brand-new roof, fresh exterior and interior paint, new flooring throughout, and updated gutters — giving the property a clean, refreshed feel inside and out. Whether you're looking for a comfortable residence or exploring the possibilities that come with Commercial Residential (CR) zoning, this property offers flexibility worth a closer look. Refer to WVMLS #840054
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1950
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedroom2
- Level: Main
- Area: 120
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: Main
- Area: 80
Interior Area
- Total structure area: 1,013
- Total interior livable area: 1,013 sqft
Kitchen
- Level: Main
- Area: 132
Living Room
- Level: Main
- Area: 198
Master Bedroom
- Level: Main
- Area: 120
Property
Details
- Parcel number: 577879
- Zoning: CR- Commercial Retai
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 6,534 sqft
Parking
- Total spaces: 1
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
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
- 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 | $2,022 | $24,264 |
| Home Insurance * | $97 | $1,164 |
| Property Taxes | $560 | $6,720 |
| Electricity | $176 | $2,119 |
| Total | $2,855 | $34,260 |
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 |
|---|---|---|
| 2026-04-21 | Listed for sale | $399,900 |
| 2019-05-28 | Sold | $330,000 |
| 2013-10-18 | Listing removed | $750 |
| 2013-09-12 | Listed for rent | $750 |
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