For Sale69d on market
1540 Madelyn Ave SE
Salem, OR, 97306 • South Gateway • Marion County
$266,900
$213/sqft
-$4,100 since Mar 19, 2026
Down payment assistance available
2Beds
3Baths
1,256Sqft
0.02 acLot
1999Built
Property DNA
Territorial Views
Territorial
VISTA HEIGHTS TOWNH
Other (Refer to Remarks)
Outdoor Living
Covered Deck
1-Car Garage
Attached
$410/mo HOA
Other (Refer to Remarks)
This home is getting attention
Listed 69 days ago · 389 views · 11 saves
Market activity
Demand and pricing signals for this listing
389 views
People checking out this listing
11 saves
Buyers have saved this home
69 days on market
Established listing
$213/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 47% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Condo · Built 1999
This updated condo features a brand new water heater, natural light, two spacious master suites, a private single-car garage with additional storage, and an attached exterior storage unit. Nine-foot ceilings on the first floor provide an open large, airy feel. The gas fireplace adds warmth, while the private covered balcony provides lovely views. Located near shopping, dining, parks, and schools, with easy access to downtown Salem.
Standout features identified
Our analysis highlights gas fireplace, lovely views, and private covered balcony as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,105/month
Principal & Interest$1,339
Property Tax$267
Insurance$89
HOA$410
Down payment20% ($53,380)
3%50%
Est. 6.43% rate · 30yr fixed · $213,520 loan
Full calculator →At a glance
Key facts and listing details
TypeCondominium
Year Built1999
HeatingElectric, Zoned
Parking1 Attached Garage space
HOA$410 monthly
Days on Zillow69 Days
Price/sqft$213
Property
Home typeCondo
Sub-typeCondominium
Year built1999
Systems
HeatingElectric, Zoned
RoofShingle
ConstructionVinyl Siding, Lap Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingAttached
Garage1 spaces
Lot732 sqft
Location & Tax
NeighborhoodSouth Gateway
ZoningRM-2
Annual tax$2,732
Parcel325751
Bathrooms & Fees
Full baths2
HOA$410/mo
Features & details
13 categories of property features
Interior Features
Interior
High Speed Internet
Appliances
Dishwasher
Disposal
Electric Range
Microwave
Range Included
Gas Water Heater
Flooring
Carpet
Vinyl
Heating
Electric
Zoned
Laundry
Upper Level
Fireplace
Gas
Living Room
Exterior Features
Exterior
Brown
Parking
Attached
Construction
Vinyl Siding
Lap Siding
Patio & Porch
Covered Deck
Lot Features
Zero Lot Line
Landscaped
Views
Territorial
Utilities
Water Connected
Room details
5 rooms detailed
Master Bedroom
UpperBedroom2
UpperDining Room
MainArea (Combination)
Kitchen
MainLiving Room
MainListing insights
Market data and value estimates
StatusFor Sale
Days on market69
Est. value$266,500
Est. rent$1,784/mo
Tax rate0.81%
Price/sqft$213
On marketJan 16, 2026
PostedJan 16, 2026
Last sold$180,000
MLS updatedMar 19, 2026
Tour days9
Views389
Favorites11
How are the schools in Salem?
3 schools rated nearby
Location
Salem, OR, 97306
Price history
5 events
DateEventPrice$/sqftSource
Mar 19, 2026Price Change$266,900$213WVMLS
Jan 16, 2026Listed For Sale$271,000$216WVMLS
Apr 13, 2018Sold$180,000$143Public Record
Feb 28, 2018Listed For Sale$184,900$147HOMESTAR BROKERS
May 10, 2001Sold$89,900$72Public Record
Price Change$266,900
Mar 19, 2026•$213/sqft•WVMLS
Listed For Sale$271,000
Jan 16, 2026•$216/sqft•WVMLS
Sold$180,000
Apr 13, 2018•$143/sqft•Public Record
Listed For Sale$184,900
Feb 28, 2018•$147/sqft•HOMESTAR BROKERS
Sold$89,900
May 10, 2001•$72/sqft•Public Record
Tax history
26 years of records
YearTax paidAssessed value
Mar 27, 2025$2,944$143,320
Mar 27, 2024$2,732$139,150
Mar 27, 2023$2,652$131,170
Mar 27, 2022$2,577$131,170
Mar 27, 2021$2,504$127,350
Mar 27, 2020$2,431$120,050
Mar 27, 2019$2,345—
Mar 27, 2018$2,315—
Mar 27, 2017$2,315—
Mar 27, 2016$1,991—
Mar 27, 2015$1,991—
Mar 27, 2014$1,870—
Mar 27, 2013$1,850—
Mar 27, 2012$1,850—
Mar 27, 2011$1,831$97,780
Mar 27, 2010$1,757$92,180
Mar 27, 2009$1,737$92,180
Mar 27, 2008$1,639$89,500
Mar 27, 2007$1,587—
Mar 27, 2006$1,561—
Mar 27, 2005$1,530—
Mar 27, 2004$1,537—
Mar 27, 2003$1,466—
Mar 27, 2002$1,431—
Mar 27, 2001$1,388—
Mar 27, 2000$1,030—
Nearby homes
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
Similar homes
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.
No obligation · Same-day response