Taxes
- Assessed Value: $172,890
- Assessed Year: 2025
- Assessed County: Marion
- APN: 583957
- Market Land Value: 184500
- Tax Amount: 3295.81
- Tax Year: 2024
- Market Value: 325250
- Market Year: 2025
550 Electric Ave; Salem, OR Property Details
Off market
550 Electric Ave SE Salem, OR 97302
$184,900 Listing Price
3 Beds
1.5 Baths
1,305 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Trust
- Owner Status: Trust
- Year Built: 1910
- Purchase Price: $235,000
- Est. Equity / %: $364,000 / 100%
- Gross Yield: 6.214%
- APN: 583957
- Situs County: Marion
- Length Of Ownership: 7 years, 2 months
Rooms
- Bedrooms: 3
- Bathrooms: 1.5
- Full Bathrooms: 1
- Total Rooms: 4
- Partial Bathrooms: 1
Structure
- Stories: 1
- Exterior Wall Type: Wood Shingle
- Roof Type: Gable
- Roof Cover Type: Roll Composition
Measurements
- Total: 1,305/SqFt
- Lot: 6,098/SqFt
- Gross: 1,305/SqFt
- Garage: 587/SqFt
- Living: 1,305/SqFt
- Building: 1,305/SqFt
- Ground: 1,305/SqFt
- Garage Unfinished: 587/SqFt
- Price Per Square Foot: $180.08
Legal Description
- Description: NOB HILL ANNEX (BLKS 20, 21, 23) AMENDED BLOCK 21 LOT FR LTS 1-3,10-12 ACRES .14
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Salem-Keizer School District 24J
- Lat / Lon: 44.919918 / -123.04107
- Subdivision: Nob Hill Annex (Blks 20, 21, 23) Amended
- Property Class: Residential
- Zoning: RS
- County Use Code: 101
Amenities
- Plus Four: 3718
- Garage: Detached Garage
- Heating: Heat Pump
- Parking: 2
Ownership Info
550 Electric Ave SE has no associated ownership info
550 Electric Ave SE has no associated ownership info.
Taxes
550 Electric Ave SE has 9 associated Taxes items
550 Electric Ave, Salem, OR pays taxes in Marion County, OR. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $172,890. The APN we've located for 550 Electric Ave is 583957.
Unlock the full reportTax History
550 Electric Ave SE has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $172,890 | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $167,860 | Land Value | Improvement Value | Tax Amount $3,295.81 | Change Rate +0.030333% | Assessed CR | Tax Rate +0.019634% |
| Year 2023 | Assessed Value $162,980 | Land Value | Improvement Value | Tax Amount $3,198.78 | Change Rate +0.028745% | Assessed CR | Tax Rate +0.019627% |
| Year 2022 | Assessed Value $158,240 | Land Value | Improvement Value | Tax Amount $3,109.4 | Change Rate | Assessed CR | Tax Rate +0.01965% |
| Year 2021 | Assessed Value $153,640 | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2020 | Assessed Value $149,170 | Land Value | Improvement Value | Tax Amount $2,932.68 | Change Rate +0.036411% | Assessed CR | Tax Rate +0.01966% |
| Year 2019 | Assessed Value $144,830 | Land Value | Improvement Value | Tax Amount $2,829.65 | Change Rate +0.012955% | Assessed CR | Tax Rate +0.019538% |
| Year 2018 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,793.46 | Change Rate +0.107949% | Assessed CR | Tax Rate |
| Year 2017 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,521.29 | Change Rate +0.04982% | Assessed CR | Tax Rate |
| Year 2016 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,401.64 | Change Rate -0.007468% | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,419.71 | Change Rate +0.03326% | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,341.82 | Change Rate | Assessed CR | Tax Rate |