For Sale195d on marketHistoric · 125 yrs

5530 Steele Ln SE

Salem, OR, 97317 • 97317 • Marion County

$714,999

$346/sqft

-$9,901 since Jan 24, 2026

Down payment assistance available

3Beds

2Baths

2,066Sqft

2 acLot

1901Built

Property DNA

3 highlights

Character Home

Built 1901 · 125 years of history

Outdoor Living

Deck · Patio

Special Features

Workshop · RV/Boat Storage

This home is getting attention

Listed 195 days ago · 1,998 views · 74 saves

Market activity

Demand and pricing signals for this listing

1,998 views

People checking out this listing

74 saves

Buyers have saved this home

195 days on market

Established listing

$346/sqft

Price per square foot

About this home

Single Family · Built 1901 · Historic

Updated Farmhouse on Private Acreage – Minutes from Town!Welcome to your dream hobby farm! This beautifully updated 3-bedroom, 2-bath farmhouse sits on a lush, private acreage just outside of town. Enjoy a spacious garden area, RV setup, and a large shop perfect for projects or storage. The property includes a chicken coop and room for animals, with potential for an ADU (buyer to verify). Inside, classic charm meets modern updates, offering comfort and style throughout. Whether you're looking to homestead or simply enjoy peaceful country living with city convenience, this property has it all!

Standout features identified

Our analysis highlights modern updates, large shop, and private acreage as key attractions of this home.

Estimated monthly payment

Based on current rates

$4,493/month

Principal & Interest$3,540

Property Tax$715

Insurance$238

Down payment20% ($143,000)

3%50%

Est. 6.30% rate · 30yr fixed · $571,999 loan

Full calculator →

At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1901

HeatingElectric, Forced Air, Wall Furnace

ParkingNo Garage, RV Disposal

Lot2.01 Acres

Days on Zillow195 Days

Price/sqft$346

Property

Home typeSingle Family

Sub-typeSingle Family Residence

Year built1901

Stories2

Systems

HeatingElectric, Forced Air, Wall Furnace

RoofComposition

ConstructionFiber Cement, Lap Siding

Water / SewerWell / Septic Tank

Parking & Outdoor

ParkingNo Garage, RV Disposal

Lot2.01 Acres

Location & Tax

Neighborhood97317

ZoningAR

Annual tax$3,243

Parcel529960

Bathrooms & Fees

Full baths2

Features & details

11 categories of property features

Interior Features

Interior

Mudroom

Office

High Speed Internet

Appliances

Dishwasher

Disposal

Built-In Range

Convection Oven

Gas Range

Range Included

Gas Water Heater

Flooring

Carpet

Heating

Electric

Forced Air

Wall Furnace

Laundry

Main Level

Fireplace

Family Room

Gas

Exterior Features

Exterior

Grey

Parking

No Garage

RV Disposal

Construction

Fiber Cement

Lap Siding

Patio & Porch

Deck

Patio

Other Structures

Workshop

RV/Boat Storage

Room details

6 rooms detailed

Master Bedroom

Main

Bedroom2

Upper

Bedroom3

Upper

Dining Room

Main

Area (Combination)

Kitchen

Main

Living Room

Main

Listing insights

Market data and value estimates

StatusFor Sale

Days on market195

Est. value$705,100

Est. rent$2,707/mo

Tax rate0.81%

Price/sqft$346

On marketSep 12, 2025

PostedSep 12, 2025

Last sold$479,900

MLS updatedMar 25, 2026

Tour days9

Favorites74

How are the schools in Salem?

3 schools rated nearby

Turner Elementary School

Elementary • Public • K-5

2.2 mi

Cascade Junior High School

Middle • Public • 6-8

4.9 mi

Cascade Senior High School

High • Public • 9-12

4.9 mi

Location

Salem, OR, 97317

Expand map

Price history

5 events

DateEventPrice$/sqftSource

Jan 24, 2026Price Change$714,999$346WVMLS

Oct 9, 2025Price Change$724,900$351WVMLS

Sep 12, 2025Listed For Sale$739,900$358WVMLS

Aug 19, 2019Sold$479,900$232Public Record

Sep 14, 2006Sold$306,000$148Public Record

Price Change$714,999

Jan 24, 2026•$346/sqft•WVMLS

Price Change$724,900

Oct 9, 2025•$351/sqft•WVMLS

Listed For Sale$739,900

Sep 12, 2025•$358/sqft•WVMLS

Sold$479,900

Aug 19, 2019•$232/sqft•Public Record

Sold$306,000

Sep 14, 2006•$148/sqft•Public Record

Tax history

12 years of records

YearTax paidAssessed value

Mar 27, 2025$3,344$280,400

Mar 27, 2024$3,243$272,240

Mar 27, 2023$3,157$251,950

Mar 27, 2022$3,022$251,950

Mar 27, 2021$2,947$244,620

Mar 27, 2020$2,858$230,590

Mar 27, 2019$2,796—

Mar 27, 2018$2,578—

Mar 27, 2017$2,578—

Mar 27, 2016$2,432—

Mar 27, 2015$2,432—

Mar 27, 2014$2,389—

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Neighborhood details

Local context around this listing

Salem, OR • Marion County

Nearby neighborhoods

East LancasterFaye WrightFour CornersHayesvilleMorningsideNorth LancasterNorthgateSouth GatewaySoutheast Mill CreekWest Salem

Nearby cities

AumsvilleAuroraHubbardJeffersonKeizerSalemSilvertonStayton

Nearby zip codes

97301973029730497305973069730897309973109731297317

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Value estimates

Live

Est. value$705,100

Est. rent$2,707/mo

30yr rate est.6.30%

Affordability$4,291/mo

Accepted financing

CashFHAConventional

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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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