4575 SHIPPS PL, Salem, OR 97305

$390,000
5
BD
2
BA
1,906
SqFt

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Sold Price
$390,000
List Price
$420,000
Closing Date
Aug 14, 2026
Days on Market
51
Status
SOLD
MLS#
505363177
Bedrooms
5
Bathrooms
2
Partial Bathrooms
1
Living Area
1,906
Lot Size
3, 000 to 4, 999 SqFt
Region
Marion Co: East Salem N

Property Description

Welcome to a spacious 1,886-square-foot home offering incredible potential in a welcoming Northeast Salem neighborhood. Featuring an open-concept layout with 4 beds + den/office + 2.5 baths, this property is intentionally priced at an attractive $420,000. This property offers the unique advantage of built-in financial upside for a buyer or investor willing to handle some cosmetic updates, allowing you to build sweat equity.The home offers a distinct edge over new builds with its larger, more established footprint and a mature quiet neighborhood setting. The main floor features an open living area with 9 ft ceilings, a cozy gas fireplace, a functional kitchen with cherry cabinetry, and a versatile office that could be a 5th bedroom on the main level. Upstairs, there are 4 more generous sized bedrooms. Built on a level lot with durable cement siding, energy-efficient double-pane windows, and an attached 2 car garage, this standout property is a phenomenal opportunity to invest directly into personalizing a home with significant equity potential.

Additional Information

Tax Amount
$4,933
Year Built
2007
High School
McKay
Elementary School
Scott
Middle School
Waldo
Fireplaces Total
1
Garage Spaces
2
Garage Type
Attached
Acres
0.09
Living Area
1,906
Stories
2
Property Type
Single Family Residence
Terms
Cash, Conventional, FHA, VA Loan
Accessibility Features
Garage on Main
Master Bedroom Level
Upper
Cooling Description
Air Conditioning Ready
Fireplace Description
Gas
Fuel Description
Electricity, Gas
Heating Description
Forced Air
Hot Water Description
Gas
Exterior Description
Cement Siding
Roof Type
Composition
Sewer Description
Public Sewer
Style
2 Story
View
Seasonal
Parking
Driveway
Foreclosure
Yes
Parking Description
Driveway
Road Surface
Paved
Exterior Features
Fenced, Yard
Interior Features
Garage Door Opener, High Ceilings, Vaulted Ceiling(s), Vinyl Floor, Washer/Dryer
Kitchen Appliances
Built-in Range, Dishwasher, Disposal, Free-Standing Refrigerator, Microwave, Plumbed For Ice Maker

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Portland Premiere. Selling Office: Keller Williams Realty Professionals.

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