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Courtesy of PREMIERE PROPERTY GROUP, LLC ALBANY, RHEOLA COY, Cell: 503-999-5088 
3 Beds
2 Baths
2,400 sqft

$554,900

5445 Reed Ln, Salem OR, 97306

Price per sqft$231.21
Built in1990
Property size2,400 sqft
Property typeResidential

Overview

Active

Listed Jun 17, 2026

Updated 2 weeks ago

NEW PRICE, NEW OPPORTUNITY! Unbeatable value awaits in this beautifully updated 2,400 SQ FT, 3-bedroom, 2-bath home in an established South Salem neighborhood. Situated on a pristine 0.29-acre lot with NO HOA, this home is surrounded by beautifully maintained properties and offers ultimate privacy and convenience. EXTENSIVE 2025 & 2026 UPDATES: The property boasts a brand-new roof, new siding, fresh exterior and interior paint, new luxury vinyl plank flooring, new plush bedroom carpet, and a new insulated garage door. PREMIUM INTERIOR FEATURES: Inside, you'll find a bright, comfortable living space highlighted by vaulted ceilings, granite countertops, stainless steel appliances, spacious bedrooms, and the cozy ambiance of both a wood-burning and an electric fireplace. OUTDOOR OASIS & BONUS SPACE: Step outside to an expansive deck perfect for relaxing or entertaining, complete with mature trees and a serene koi pond water feature. The oversized lot also provides ample room for RV parking, recreational toys, and additional storage. PRIME LOCATION: Hard to beat—just steps from Pringle Elementary School and Wes Bennett Park, and minutes from shopping, dining, and easy I-5 access.

$3,692/mo

Est. mortgage payment based on a $554,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
841558

Interior Features

Bedrooms
3
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.29 Acres

Other Property Details

Taxes
$6,622
Tax Frequency
Annually
Garage
Yes
View
Yes
MLS provider logo

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: Julia Monaghan

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