895 ELMA SE AVE, Salem, OR 97317

$320,000
4
BD
1
BA
1,388
SqFt

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Sold Price
$320,000
List Price
$300,000
Closing Date
Aug 18, 2026
Days on Market
33
Status
SOLD
MLS#
308530314
Bedrooms
4
Bathrooms
1
Living Area
1,388
Lot Size
15, 000 to 19, 999 SqFt
Region
Marion Co: Central Salem

Property Description

Thoughtfully positioned on a spacious 0.41-acre corner lot, this Salem property offers exceptional flexibility and future potential. Whether you're looking to remodel the existing 4-bedroom, 1-bath home, develop the lot, or keep the home and pursue a potential lot split (buyer to perform due diligence), this property presents multiple opportunities. The home sits among beautiful mature trees, creating a peaceful and private setting while providing a solid foundation for your vision. The oversized detached garage makes an intriguing candidate for a potential ADU or additional living space (buyer to verify). The property is connected to city water and also includes a private well, offering added versatility. Favorable RS zoning opens the door to a variety of development possibilities, making this an attractive opportunity for homeowners, investors, and builders alike. Whether you choose to renovate, expand, explore development options, or simply enjoy the generous lot and established setting, this property offers the rare combination of land, location, and long-term potential.

Additional Information

Tax Amount
$2,567
Year Built
1949
High School
South Salem
Elementary School
Four Corners
Middle School
Houck
Garage Spaces
1
Garage Type
Detached
Acres
0.41
Living Area
1,388
Stories
2
Property Type
Single Family Residence
Terms
Cash, Conventional, FHA, Rehab, VA Loan
Master Bedroom Level
Main
Fuel Description
Electricity
Heating Description
Baseboard, Wall Heater
Hot Water Description
Electricity
Exterior Description
Other
Roof Type
Shake, Shingle
Sewer Description
Public Sewer
Style
2 Story
View
Territorial, Trees/Woods
Parking
Carport, Driveway
Parking Description
Carport, Driveway
Interior Features
Hardwood Floors, Laundry, Tile Floor, Wall to Wall Carpet, Washer/Dryer
Kitchen Appliances
Free-Standing Range, Free-Standing Refrigerator, Tile

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Calculator source: Real Geeks

Listing courtesy of Opt. Selling Office: Opt.

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