Excellent close in country location with creek setting. Older home needs TLC & finishing. Vaulted great room w/wood plank accents &storage loft. 2 potential bedrooms both have NO closets. Creek view from living area. Creek has small footbridge. Nice large 5 bay 1012+/- Sq. Ft shop w/power, bonus room & car work pit. Existing well & septic. Property is partially fenced and lined with trees for privacy. Kitchen was removed. No current heat source. Great potential! Selling AS IS & cash only.
- MLS# 793237
- Date Listed05/31/2022
- Bedrooms 2
- Bathrooms 1 Full baths
- Lot Size 0.84 acres (36,590 sq. ft)
- Property Type Single Family
- County Marion
- Year Built 1940
- Water Well
- Square Feet 950 sq. ft
- Price Per Sq. Ft $310.53
Exterior / Lot Features
- Roof Metal
- Lot Size Acres 0.84
- Lot Size SQFT 36,590.00
- Lot Features Irregular Lot, Landscaped
Directions
Liberty Rd S to left on Rees Hill RD
Financial Considerations
- Tax Amount $1,599
- Terms Cash, Conventional, FHA, VA Loan
Schools near 97306
Explore the local neighborhood highlights and top-rated schools near 97306 in Salem, OR.
Nearby Schools
Source: School Digger
Public • PK - 5 • Serves this home
3.33 mi
Distance
Public • 6 - 8 • Serves this home
1.32 mi
Distance
Public • 9 - 12 • Serves this home
2.67 mi
Distance
Public • PK - 5 • Serves this home
3.33 mi
Distance
Public • 6 - 8 • Serves this home
1.32 mi
Distance
Public • 6 - 8
3.42 mi
Distance
Public • 6 - 8
4.87 mi
Distance
Public • 6 - 8
8.4 mi
Distance
Public • 9 - 12 • Serves this home
2.67 mi
Distance
Public • 9 - 12
6.51 mi
Distance
Private • PK - 12
0.62 mi
Distance
Private • PK - 12
4.02 mi
Distance
Sales & Tax History
Source: Public Records
| Date | Event | Price |
|---|---|---|
| 03/14/2023 | Sold | $265,000.00 10.17% |
| 02/03/2023 | Contingent | $295,000.00 |
| 12/22/2022 | Active | $295,000.00 1.67% |
| 10/04/2022 | Active | $299,999.00 4.76% |
| 09/21/2022 | Active | $315,000.00 3.08% |
| 07/15/2022 | Active | $325,000.00 |
| 06/24/2022 | Contingent | $325,000.00 |
| 06/13/2022 | Active | $325,000.00 |
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 450 AUGUSTA ST | Listing | 4 | 4 | May 14, 2026 | $639,900 | Mar 21, 2024 | $820,439 |
| 6181 Insignia St SE | Listing | 4 | 3 | Jul 01, 2026 | $534,000 | Mar 21, 2024 | $504,523 |
| 7069 Liberty Rd S | Listing | 3 | 2 | Jul 01, 2026 | $400,000 | Mar 21, 2024 | $382,158 |
| 6037 Rolletti Dr SE | 3 | 2 | Jul 01, 2026 | $515,000 | Jul 02, 2026 | - |
| 128 Lillian Ct SE | 3 | 2 | Jul 01, 2026 | $449,900 | Jul 02, 2026 | - |
| 140 Rees Hill Rd SE | Listing | 2 | 1 | Jul 01, 2026 | $295,000 | Dec 28, 2020 | $238,000 |
| 6181 INSIGNIA ST SE | 4 | 3 | May 19, 2026 | $534,000 | Jul 02, 2026 | - |
| 484 Rees Hill Rd SE | 3 | 2 | Jul 01, 2026 | $725,000 | Jul 02, 2026 | - |
| 139 SE RADIANCE AVE | 3 | 3 | May 19, 2026 | $610,000 | Jul 02, 2026 | - |
| 139 Radiance Av SE | 3 | 3 | Jul 01, 2026 | $610,000 | Jul 02, 2026 | - |
Local Neighborhood Highlights for 97306
Discover key demographics, population statistics, and environmental insights for the Salem, OR area.
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 34,738 | 173,149 | 348,864 | 335,858,263 |
| Population Density | 1,063 | 3,549 | 295 | 95 |
| People per Household | 2.5 | 2.5 | 2.7 | 2.6 |
| Median Age | 40.9 | 37.5 | 37.7 | 39.1 |
| Median Income | $71,645 | $60,115 | $62,489 | $66,222 |
| Average Income | $37,805 | $29,712 | $28,990 | $35,475 |
| Cost of Living Index | 100 | 97 | 104 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 33.5°F | 33.5°F | 33.5°F | 22.6°F |
| July Avg. High Temp | 81.5°F | 81.5°F | 81.5°F | 86.2°F |
| Annual Precipitation | 40" | 40" | 40" | 38" |
1/100
Car-Dependent
Walk Score ®
0/100
Minimal Transit
Transit Score ®
1/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 13/100, Transit Score: 9/100, Bike Score: 24/100.
Property Change History
Points of Interest near 140 Rees Hill Rd SE, Salem, OR 97306
0.83 mi
Distance
1 mi
Distance
1.01 mi
Distance
1.26 mi
Distance
0.26 mi
Distance
1.23 mi
Distance
1.14 mi
Distance
1 mi
Distance
106 ft
Distance
0.46 mi
Distance
0.49 mi
Distance
0.69 mi
Distance
0.74 mi
Distance
0.81 mi
Distance
0.84 mi
Distance
0.92 mi
Distance
0.95 mi
Distance
1.29 mi
Distance
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Frequently Asked Questions for 140 Rees Hill Rd SE
Source: Realty.com
140 Rees Hill Rd SE, Salem, OR 97306 in Salem, OR 97306 is a single family listed at $295,000. Highlights include 2 bedrooms, 1 bathroom, 950 sq. ft., built in 1940, 0.84 acre lot, $311 per sq. ft.. Realty.com has 28 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 28 photos of 140 Rees Hill Rd SE.
Our records indicate that 140 Rees Hill Rd SE was built in 1940.
The full address for this home is 140 Rees Hill Rd SE, Salem, OR 97306.
140 Rees Hill Rd SE has been listed on Realty.com since Tue May 31, 2022
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 13/100, Transit Score: 9/100, Bike Score: 24/100.
There are 3 schools assigned to this home. Check out the schools near 140 Rees Hill Rd SE. Liberty Elementary School (Grades: PK - 5), Crossler Middle School (Grades: 6 - 8), Sprague High School (Grades: 9 - 12)
Listing provided courtesy of:
Exp Realty, Llc
(Cell: 503-580-3211)
Listing agent:
Debbie Butler
(tel: 503-580-3211)
(#12562)
This content last refreshed on 2026-07-02 18:50:00. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.