For Sale12d on market

586 Welcome Way SE

Salem, OR, 97302 • Faye Wright • Marion County

$615,000

$266/sqft

Down payment assistance available

3Beds

2Baths

2,309Sqft

0.23 acLot

1981Built

Property DNA

5 highlights

Alderbrook Manor

Faye Wright

Outdoor Living

Patio

Shed(s)

2-Car Garage

Attached · RV Access/Parking

Wood & Tile Floors

Quality flooring throughout

This home is in high demand

Listed 12 days ago · 1,916 views · 94 saves · Top 2% likely to sell soon

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Market activity

Demand and pricing signals for this listing

1,916 views

People checking out this listing

94 saves

Buyers have saved this home

12 days on market

Recently listed

$266/sqft

Price per square foot

Selling Soon Prediction

Very High

This home ranks in the top 2% of listings most likely to go under contract soon, based on market activity and demand signals.

Likelihood score

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About this home

Single Family · Built 1981

Stunning 2,300 sq. ft. contemporary home in South Salem’s Alderbrook Manor (No HOA). Features a private upstairs primary suite w/ walk-in closet and spa-like bath. Energy-efficient design includes interior brick thermal mass & a dramatic two-story window wall w/ solar blinds. Hardwood floors, 30' sunroom, skylights, and multiple living areas. Enjoy a backyard upgrade with a 48' x 15' paver patio, hard top gazebo & lush 0.23-acre lot. Near sought-after Faye Wright/Judson/Sprague schools and Minto-Brown Park.

Standout features identified

Our analysis highlights hard top gazebo, private upstairs primary suite, and walk-in closet as key attractions of this home.

Estimated monthly payment

Based on current rates

$3,849/month

Principal & Interest$3,029

Property Tax$615

Insurance$205

Down payment20% ($123,000)

3%50%

Est. 6.25% rate · 30yr fixed · $492,000 loan

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At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1981

HeatingNatural Gas, Forced Air

CoolingCentral Air

Parking2 Attached Garage spaces

Lot10,019 sqft

Days on Zillow12 Days

Price/sqft$266

Property

Home typeSingle Family

Sub-typeSingle Family Residence

Year built1981

Stories1

Systems

HeatingNatural Gas, Forced Air

CoolingCentral Air

RoofComposition

ConstructionLap Siding

Water / SewerPublic / Public Sewer

Parking & Outdoor

ParkingAttached, RV Access/Parking

Garage2 spaces

FencingFenced

Lot10,019 sqft

Location & Tax

NeighborhoodFaye Wright

ZoningRS

Annual tax$7,195

Parcel565236

Bathrooms & Fees

Full baths2

Features & details

10 categories of property features

Interior Features

Appliances

Dishwasher

Disposal

Electric Range

Electric Water Heater

Flooring

Carpet

Wood

Tile

See Remarks

Heating

Natural Gas

Forced Air

Cooling

Central Air

Fireplace

Living Room

Gas

Exterior Features

Parking

Attached

RV Access/Parking

Construction

Lap Siding

Patio & Porch

Patio

Lot Features

Landscaped

Other Structures

Shed(s)

Room details

1 room detailed

Dining Room

Formal

Listing insights

Market data and value estimates

StatusFor Sale

Days on market12

Est. value$607,900

Est. rent$2,358/mo

Tax rate0.81%

Price/sqft$266

On marketMar 3, 2026

PostedMar 3, 2026

Last sold$430,000

MLS updatedMar 3, 2026

Tour days9

Favorites94

How are the schools in Salem?

3 schools rated nearby

Wright Elementary School

Elementary • Public • K-5

0.3 mi

Judson Middle School

Middle • Public • 6-8

0.4 mi

Sprague High School

High • Public • 9-12

1.9 mi

Location

Salem, OR, 97302

Expand map

Price history

19 events

DateEventPrice$/sqftSource

Mar 3, 2026Listed For Sale$615,000$266WVMLS

Jul 8, 2019Sold$430,000$186RMLS (OR)

Jun 7, 2019Pending Sale$425,000$184RE/MAX Equity Group

Jun 6, 2019Listed For Sale$425,000$184RE/MAX Equity Group

Jun 13, 2018Sold$400,000$173RMLS (OR)

May 29, 2018Pending Sale$399,900$173Premiere Property Group, LLC

May 22, 2018Listed For Sale$399,900$173Premiere Property Group, LLC

Aug 14, 2014Sold$253,900$110RMLS (OR)

Jun 11, 2014Listed For Sale$249,900$108Blum Real Estate

May 7, 2011Listing Removed$249,900$108Gladys Blum Group Real Estate Services

Feb 23, 2011Price Change$249,900$108Gladys Blum Group Real Estate Services

Dec 19, 2010Price Change$259,900$113Gladys Blum Group Real Estate Services

Jul 9, 2010Price Change$269,900$117HomeStar Brokers

May 29, 2010Price Change$274,900$119SALEM/KEIZER REALTY

Apr 17, 2010Price Change$289,900$126SALEM/KEIZER REALTY

Feb 25, 2010Price Change$295,000$128SALEM/KEIZER REALTY

Aug 22, 2009Listed For Sale$299,900$130Owner

Dec 11, 2002Sold$207,000$90Public Record

Sep 25, 2001Sold$189,900$82Public Record

Listed For Sale$615,000

Mar 3, 2026•$266/sqft•WVMLS

Sold$430,000

Jul 8, 2019•$186/sqft•RMLS (OR)

Pending Sale$425,000

Jun 7, 2019•$184/sqft•RE/MAX Equity Group

Listed For Sale$425,000

Jun 6, 2019•$184/sqft•RE/MAX Equity Group

Sold$400,000

Jun 13, 2018•$173/sqft•RMLS (OR)

Pending Sale$399,900

May 29, 2018•$173/sqft•Premiere Property Group, LLC

Listed For Sale$399,900

May 22, 2018•$173/sqft•Premiere Property Group, LLC

Sold$253,900

Aug 14, 2014•$110/sqft•RMLS (OR)

Listed For Sale$249,900

Jun 11, 2014•$108/sqft•Blum Real Estate

Listing Removed$249,900

May 7, 2011•$108/sqft•Gladys Blum Group Real Estate Services

Price Change$249,900

Feb 23, 2011•$108/sqft•Gladys Blum Group Real Estate Services

Price Change$259,900

Dec 19, 2010•$113/sqft•Gladys Blum Group Real Estate Services

Price Change$269,900

Jul 9, 2010•$117/sqft•HomeStar Brokers

Price Change$274,900

May 29, 2010•$119/sqft•SALEM/KEIZER REALTY

Price Change$289,900

Apr 17, 2010•$126/sqft•SALEM/KEIZER REALTY

Price Change$295,000

Feb 25, 2010•$128/sqft•SALEM/KEIZER REALTY

Listed For Sale$299,900

Aug 22, 2009•$130/sqft•Owner

Sold$207,000

Dec 11, 2002•$90/sqft•Public Record

Sold$189,900

Sep 25, 2001•$82/sqft•Public Record

Tax history

26 years of records

YearTax paidAssessed value

Mar 16, 2025$7,195$350,210

Mar 16, 2024$6,676$340,010

Mar 16, 2023$6,479$320,500

Mar 16, 2022$6,298$320,500

Mar 16, 2021$6,118$311,170

Mar 16, 2020$5,939$293,320

Mar 16, 2019$5,731—

Mar 16, 2018$5,657—

Mar 16, 2017$5,657—

Mar 16, 2016$4,863—

Mar 16, 2015$4,863—

Mar 16, 2014$4,662—

Mar 16, 2013$4,366—

Mar 16, 2012$4,366—

Mar 16, 2011$4,431$245,670

Mar 16, 2010$4,505$236,370

Mar 16, 2009$4,455$236,370

Mar 16, 2008$4,203$229,490

Mar 16, 2007$4,070—

Mar 16, 2006$4,004—

Mar 16, 2005$3,924—

Mar 16, 2004$3,941—

Mar 16, 2003$3,758—

Mar 16, 2002$3,668—

Mar 16, 2001$3,557—

Mar 16, 2000$3,447—

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Recently Sold

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Off Market

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Off Market

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$468,200

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566 Welcome Way SE, Salem, OR

Off Market

$450,700

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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$607,900

Est. rent$2,358/mo

30yr rate est.6.25%

Affordability$3,611/mo

Accepted financing

VA LoanCashODVAFHAConventional

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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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