2410 SE Lancaster Dr #339 · Salem, OR 97317

$89,000

2 bd · 2.0 ba · 1,209 sqft · Manufactured public records · 36 Days on market

Built 1991 $74/sqft · 14% above area Est $78k · 14% over

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Schools +3.7/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• ARV discount +1.2/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Motivated Seller! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. 2 bedrooms with a potential third bedroom or office/den. every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby Let's schedule your showing today!

Key facts

• Open floor plan
• New walk-in shower
• Flexible third room

Tags

• SUNDIAL 55 GATED COMMUNITY
• OPEN FLOOR PLAN
• FLEXIBLE THIRD ROOM
• LARGE WALK-IN CLOSET
• NEW WALK-IN SHOWER
• ACCESSIBILITY FEATURES

Property features AI

Finance

• Financial info: Located in a park with monthly lot rent
• HOA & community: Community amenities include gated access, pool, spa/hot tub, gym, library; Community provides sewer, water, and trash services

Exterior

• Parking: Covered carport (2 spaces, counted as parking total 2)
• Security: Security gate
• Utilities: Public water; Public sewer; Electric service (fuel and hot water); Cable internet available
• Home design: Manufactured home in park (residential, resale); Single-story (main level living); Located in a gated senior community
• Construction: Built in 1991; Skirting foundation; Composition roof
• Exterior features: Covered deck; Fenced yard; Tool shed; Workshop; Wood composite exterior

Interior

• Kitchen: Dishwasher; Microwave; Free-standing range; Free-standing refrigerator
• Bedrooms: Primary bedroom (main level) with ensuite and walk-in closet; Second bedroom (main level); Third bedroom (main level)
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: Two full bathrooms (both on main level)
• Heating & cooling: Heat pump for heating and cooling
• Interior features: One-level layout with accessibility features; Walk-in shower; Laundry area; Laminate and vinyl flooring; Vinyl window frames; Passive solar features
• Laundry & utility: Laundry area; Electric hot water

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $89k.

Deal economics

• At list price, monthly cash flow is $655 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $89k).
• Recommended offer: $86k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.1% vs local median 2.9% in Salem — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#59 in OR, #2,084 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
• Salem-Keizer SD 24J (urban): math 34% / reading 47% proficiency, ranked #103 of 183 in OR (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Miller Elementary School (361 students, 76% FRL); Houck Middle School (949 students, 74% FRL); North Salem High School (2,239 students, 74% FRL) — zoned schools average 74% FRL vs 53% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.6%/yr); 133 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,591 units permitted in Marion County in 2024 (716 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Marion County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.6% rent growth), your $25k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $50k; list at $89k implies a 78% gain — meaningful room to come down on a strong offer.

Recommended offer $86,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.77% ✓
• Cap rate: 15.12%
• Cash-on-cash: 31.54%
• DSCR: 2.40
• GRM: 4.7

CMA / ARV

• ARV (median comp): $78,094
• List price: $89,000
• Delta: 13.96%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2730 Oakland Lp SE	0.31mi	2/2.0	1,188 (-2%)	6mo	$35,000	$29	78
2750 Oakland Loop SE	0.31mi	2/2.0	1,188 (-2%)	9mo	$40,000	$34	75
2232 42nd Ave SE #792	0.20mi	2/2.0	1,152 (-5%)	10mo	$34,000	$30	74
2232 42nd Ave SE #704	0.20mi	3/2.0 (+1)	1,288 (+6%)	1mo	$58,000	$45	74
4454 Eden St SE	0.21mi	2/2.0	1,104 (-9%)	11mo	$112,000	$101	66
2232 42nd Ave SE #776	0.20mi	3/2.0 (+1)	1,296 (+7%)	12mo	$160,000	$123	63
3100 Turner Rd SE #523	0.68mi	2/2.0	1,152 (-5%)	1mo	$132,000	$115	60
3100 Turner Rd S #220	0.68mi	2/2.0	1,368 (+13%)	1mo	$199,500	$146	46
3100 Turner Rd SE #223	0.68mi	2/2.0	1,344 (+11%)	12mo	$225,000	$167	40
3100 Turner Rd SE #625	0.68mi	3/2.0 (+1)	1,377 (+14%)	0mo	$235,000	$171	40
3100 Turner Rd SE #424	0.68mi	2/2.0	1,368 (+13%)	10mo	$217,500	$159	38
3100 Turner Rd SE #311	0.68mi	3/2.0 (+1)	1,368 (+13%)	10mo	$155,000	$113	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.62% rent growth · sell at horizon

5-year hold

• IRR: 26.0%
• Equity multiple: 2.07×
• Total profit: $26,705
• Equity at exit: $13,270

10-year hold

• IRR: 33.4%
• Equity multiple: 3.99×
• Total profit: $74,565
• Equity at exit: $7,695

Cash invested: $24,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 28 Tenant-Leaning
• State Oregon: 28 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

SB608 (2019): statewide rent cap (7% + CPI) and just-cause for tenancies > 1 yr. Portland has relocation assistance ordinance.

Methodology + full state rankings →

ZIP-level market 97317

• Rents YoY: 2.6%
• Active inventory: 133
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,579 high
• Mortgage (P&I): −$467
• Tax from tax record: −$89 /mo · $1,066/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $655

Break-even live

Break-even rent $750

Max offer price $89,000

Occupancy floor 54%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2728 Lancaster Dr SE Unit 2728-14 Salem, OR	2.0	1.5	1000	$1,195	$1.20	44d	1	0.13mi
4243 Campbell Dr SE Unit 4243 Salem, OR	3.0	1.0	936	$1,550	$1.66	14d	1	0.38mi
4435 Campbell Dr SE Salem, OR	2.0	1.0	807	$1,445	$1.79	23d	1	0.40mi
4665 Campbell Dr SE Salem, OR	1.0–3.0	1.0–2.0	923	$1,699	$1.84	14d	1	0.49mi
1447 Connecticut St SE Salem, OR	3.0	2.0	1258	$2,675	$2.13	44d	1	0.55mi
1569 Whitaker Dr SE Salem, OR	1.0–3.0	1.0–2.0	933	$1,799	$1.93	14d	1	0.87mi
1029 Raffon Ct SE Unit AR7171-3 Salem, OR	2.0	1.5	927	$1,700	$1.83	23d	1	0.90mi
4976 Turquoise Ave SE Salem, OR	2.0	2.0	918	$1,495	$1.63	14d	5	0.95mi
4776 Buffalo Dr SE Salem, OR	3.0	1.0	1369	$2,150	$1.57	44d	1	1.02mi
4807 Chinook Ct SE Salem, OR	3.0	1.5	1104	$2,200	$1.99	14d	1	1.14mi
5192 Caplinger Rd SE Salem, OR	1.0–3.0	1.0–2.0	927	$1,554	$1.67	14d	25	1.25mi
3897 Meadowlawn Loop SE Salem, OR	1.0–3.0	1.0–2.0	962	$1,619	$1.68	14d	26	1.26mi
3828 Bayonne Dr SE Salem, OR	2.0	1.0	980	$1,299	$1.33	14d	1	1.29mi
3822 Bayonne Dr SE Salem, OR	2.0	1.0	980	$1,299	$1.33	23d	1	1.29mi
4433 Mahrt Ave SE Unit 4435-201 Salem, OR	2.0	2.0	888	$1,525	$1.72	23d	1	1.47mi
4433 Mahrt Ave SE Unit 4437-206 Salem, OR	2.0	2.0	932	$1,525	$1.64	44d	1	1.47mi

Listing history 33 events

1. 2026-06-07
   statusdays on market $89,000 Pending 36 DOM
2. 2026-06-03
   days on market $89,000 Active 33 DOM
3. 2026-06-02
   days on market $89,000 Active 32 DOM
4. 2026-06-01
   days on market $89,000 Active 31 DOM
5. 2026-05-31
   days on market $89,000 Active 30 DOM
6. 2026-05-30
   days on market $89,000 Active 29 DOM
7. 2026-05-01
   listed $89,000 Active 887-char remark
8. 2024-12-12
   soldstatus $49,900 Closed 805-char remark

   Show marketing remark (805 chars)

   BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

9. 2024-12-12
   soldstatus $49,900 Sold

   Show marketing remark (805 chars)

   BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

10. 2024-11-19
    status Pending 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

11. 2024-09-08
    historical Active under Contract

    Show marketing remark (512 chars)

    Motivated Seller! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. 2 bedrooms with a potential third bedroom or office/den. every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby Let's schedule your showing today!

12. 2024-09-07
    status Active

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

13. 2024-09-07
    status Active 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

14. 2024-09-01
    status Pending

    Show marketing remark (512 chars)

    Motivated Seller! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. 2 bedrooms with a potential third bedroom or office/den. every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby Let's schedule your showing today!

15. 2024-08-31
    historical Active under Contract

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

16. 2024-08-31
    status Pending 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

17. 2024-08-28
    price $49,900

    Show marketing remark (512 chars)

    Motivated Seller! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. 2 bedrooms with a potential third bedroom or office/den. every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby Let's schedule your showing today!

18. 2024-08-27
    price $49,900,000

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

19. 2024-08-27
    price $49,900 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

20. 2024-08-15
    price $59,900,000

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

21. 2024-08-15
    price $59,900 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

22. 2024-07-16
    price $62,000

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

23. 2024-07-16
    price $62,000 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

24. 2024-05-29
    status Active

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

25. 2024-05-29
    status Active 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

26. 2024-05-06
    historical Active under Contract

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

27. 2024-05-06
    status Pending 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

28. 2024-05-01
    listed $65,000 Active 805-char remark

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

29. 2024-05-01
    listed $65,000 Active

    Show marketing remark (805 chars)

    BOM is not at the fault of the seller or the property MOTIVATED SELLER!! As is price to sell! Your search ends here with this charming home, set in a welcoming 55+ gated community built for comfort and ease. With a spacious floor plan. This property features two large bedrooms and the flexibility of a potential third bedroom or office/den, every aspect is designed for accessibility, from the ramp leading to the front door to the expansive master suite with a walk-in closet. Enjoy practical amenities like the large laundry room and the bonus of a carport with an additional storage shed and hobby shed. Don't miss the opportunity to make it yours! Sundial Gated Community 55 and over Subject to park application and approval. The Monthly Park fee is approx. $1100.00 covers rent space and garbage.

30. 2004-08-20
    soldstatus $24,000
31. 2004-08-16
    historical
32. 2004-01-16
    listed $28,000
33. 1993-03-22
    soldstatus $41,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OR · Resets to sale price

• Current annual tax: $1,066 · $89/mo
• Projected year-2 tax: $1,066 · $89/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate

Taxation est. · year 1

• Rental income: $18,952
• − Mortgage interest: −$4,985
• − Property taxes: −$1,066
• − Insurance: −$445
• − Repairs & maintenance: −$1,516
• − Management: −$1,516
• − Depreciation: −$2,589
• Taxable income: $6,834
• Est. tax owed @ 24.0%: −$1,640
• After-tax cash flow: $6,220/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Salem-Keizer SD 24J
• NCES district ID: 4110820
• Math proficiency: 34% ▼ -1.00%
• Reading proficiency: 47% ▼ -2.00%
• Median HH income: $48,632
• Composite: 37.16/100
• National rank: #9017
• State rank: #103 of 183 in OR

Livability — Salem

• Score: 79/100
• State rank: #59
• US rank: #2084

Category grades

Amenities A+ Commute A+ Cost of living B- Crime F Employment C+ Housing A+ Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Salem, OR
• County: Marion County · 258,219 people
• City population: 193,601
• Metro: Salem, OR
• Population (ZIP): 25,966
• Household income: $84,393
• Rent vs Own: 29.2% rent · 70.8% own
• Severe rent burden: 395.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 360,940 people
• By 2030: 375,178 · +3.9%
• By 2040: 400,914 · +11.1%
• By 2050: 422,187 · +17.0%
• By 2075: 460,305 · +27.5%
• By 2100: 464,025 · +28.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 28% Two or more races 17% Asian 2% Pacific Islander 2%
• Hispanic origin (detail): Mexican 26%
• Common ancestry: Portuguese 4% Italian 2% Lithuanian 2%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 74% English-only · Spanish 22% Russian/Polish/Slavic 2% German/W. Germanic 1%

Political lean MEDSL · Marion

• 2024 margin: Toss-up / Even · D 47.5% · R 49.5% · Other 3.0%
• 2008→2024 swing: -4.2pp toward R · 2008: 2.2pp · 2024: -2.0pp
• All cycles: 2024: R+2.0 2020: D+1.1 2016: R+5.0 2012: R+3.5 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -471.73%
• Current HPI: 307.3264
• Rent YoY: ▲ 2.62%
• Metro: Salem, OR
• State GDP YoY: ▲ 2.05%
• F500 in state: 2

Industry mix (Fortune 500 HQ in OR)

Industry	F500 HQs	Revenue
▸Consumer Goods	1	$51B

Price history

+117.1% since first listed

28 events — show timeline

• 2026-06-07 Pending — RMLS
• 2026-05-01 Listed $89,000 RMLS
• 2024-12-12 Sold (MLS) $49,900 RMLS
• 2024-12-12 Sold (MLS) $49,900 WVMLS
• 2024-11-19 Pending — RMLS
• 2024-09-08 Contingent — WVMLS
• 2024-09-07 Relisted — WVMLS
• 2024-09-07 Relisted — RMLS
• 2024-09-01 Pending — WVMLS
• 2024-08-31 Contingent — WVMLS
• 2024-08-31 Pending — RMLS
• 2024-08-28 Price Changed $49,900 WVMLS
• 2024-08-27 Price Changed $49,900,000 WVMLS
• 2024-08-27 Price Changed $49,900 RMLS
• 2024-08-15 Price Changed $59,900,000 WVMLS
• 2024-08-15 Price Changed $59,900 RMLS
• 2024-07-16 Price Changed $62,000 WVMLS
• 2024-07-16 Price Changed $62,000 RMLS
• 2024-05-29 Relisted — WVMLS
• 2024-05-29 Relisted — RMLS
• 2024-05-06 Contingent — WVMLS
• 2024-05-06 Pending — RMLS
• 2024-05-01 Listed $65,000 RMLS
• 2024-05-01 Listed $65,000 WVMLS
• 2004-08-20 Sold (MLS) $24,000 WVMLS
• 2004-08-16 Listing Removed — WVMLS
• 2004-01-16 Listed $28,000 WVMLS
• 1993-03-22 Sold (Public Records) $41,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,066 · +7.7% YoY. Source: county tax records.