2554 Cole Rd S Salem, OR 97306
Salem Hills NeighborhoodEstimated payment $25,477/month
Highlights
- RV Access or Parking
- Mountain View
- Recreation Room
- 32.3 Acre Lot
- Living Room with Fireplace
- Wood Flooring
About This Home
Luxurious Estate with Breathtaking Mountain Views This spectacular 5-bedroom, 7 full and 2 half-bath estate offers unmatched elegance across 11,000+ sq. ft. Nestled in a stunning setting on 32 acres, it’s a dream home for those seeking luxury and comfort. Enter through a grand foyer with towering ceilings and tile floors, setting the stage for the impressive interior. The chef's kitchen with a spacious butler pantry is designed for culinary enthusiasts, while the 6+ car garage and large shop provide ample space for projects and storage. Enjoy hosting in the light-filled main living room, featuring a beautiful fireplace, mantle, and built-ins. The family room has a wet bar and dedicated movie theater, perfect for entertaining. Choose from two formal dining rooms for memorable meals with family and friends. A secret door leads to a hidden cellar with a private bathroom, offering a unique, intimate gathering space. Outdoors, the expansive patio features a cozy fireplace and built-in BBQ, while the fenced sport court with a basketball hoop promises endless fun. Retreat to the luxurious master suite, complete with a fireplace, sitting area, luxury shower, large jacuzzi tub, and his & hers walk-in closets and restrooms. Each of the three upstairs bedrooms has an ensuite bathroom, with access to two balconies through either the third bedroom or the study. The estate also includes a workout room with mirrors and a spacious bonus playroom. With every luxury and convenience, this estate combines sophistication with practical elegance.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,947
Year Built
- Built in 2005
Lot Details
- 32.3 Acre Lot
- Partially Fenced Property
- Landscaped
- Sprinkler System
Property Views
- Mountain
- Territorial
Home Design
- Brick Exterior Construction
- Composition Roof
- Stone Siding
Interior Spaces
- 11,121 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Living Room with Fireplace
- Den
- Recreation Room
- Security System Owned
- Finished Basement
Kitchen
- Walk-In Pantry
- Built-In Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
Parking
- 4 Car Attached Garage
- RV Access or Parking
Outdoor Features
- Covered patio or porch
- Shop
Schools
- Sumpter Elementary School
- Crossler Middle School
- Sprague High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Well
- Gas Water Heater
- Septic System
- High Speed Internet
Listing and Financial Details
- Tax Lot M&B
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $20,437 | $1,610,332 | -- | -- |
| 2023 | $19,948 | $1,563,555 | $0 | $0 |
| 2022 | $18,876 | $1,518,399 | $0 | $0 |
| 2021 | $18,400 | $1,475,300 | $0 | $0 |
| 2020 | $18,459 | $1,432,450 | $0 | $0 |
| 2019 | $17,252 | $1,390,870 | $0 | $0 |
| 2018 | $17,907 | $0 | $0 | $0 |
| 2017 | $11,705 | $0 | $0 | $0 |
| 2016 | $10,374 | $0 | $0 | $0 |
| 2015 | $14,985 | $0 | $0 | $0 |
| 2014 | $14,771 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | For Sale | $4,275,000 | +228.6% | $384 / Sq Ft |
| 10/14/2016 10/14/16 | Sold | $1,300,900 | -7.1% | $147 / Sq Ft |
| 08/19/2016 08/19/16 | Pending | -- | -- | -- |
| 05/17/2016 05/17/16 | For Sale | $1,399,900 | -- | $158 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Amerititle | |
| Special Warranty Deed | $1,300,900 | Nations Lending Services | |
| Sheriffs Deed | $1,073,400 | None Available | |
| Quit Claim Deed | -- | Fat | |
| Warranty Deed | $500,000 | First American | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | Credit Line Revolving | |
| Closed | $641,793 | New Conventional | |
| Closed | $657,140 | VA | |
| Closed | $669,384 | VA | |
| Previous Owner | $626,000 | Unknown | |
| Previous Owner | $315,987 | Unknown | |
| Previous Owner | $132,900 | Unknown | |
| Previous Owner | $500,000 | Unknown | |
| Previous Owner | $255,000 | Stand Alone Second | |
| Previous Owner | $75,000 | New Conventional | |
| Previous Owner | $1,500,000 | Construction |
Source: Willamette Valley MLS
MLS Number: 821899
APN: 533221
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. WVMLS Member Broker: Arlene Richardson
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