For SaleRisky Deal7 days on market
2854 Glen Creek Rd NW
2854 Glen Creek Rd NW, Salem, OR 97304, Salem, OR 97304
$419,000
Estimate®:$418,600
Listing Price
2854 Glen Creek Rd NW, Salem, OR 97304
Loc: Salem, OR
Days Listed
7
Tax Assessed
$451k
Estimate®
$419k
Market Rate
Lot Size
6,098 sqft
Rent Estimate
$2,561/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Chapman Hill Elementary School
K-5
0.7 mi away
5
Straub Middle School
6-8
1 mi away
6
West Salem High School
9-12
0.6 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
suburbantwo-storycontemporary craftsmanattached garagewood sidingstone veneer accentsasphalt shingle roofdrivewaylandscapedresidentialgable roofmulti-levelneutral color palettecozyforested backdrop
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.25%
Total ROI
51.3%
Cash Flow
$-689/mo
DSCR
0.68
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-689/mo net cash flow with a 4.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Salem, OR
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-17 | Listed for sale | $419,000 | $261 |
| 2019-01-11 | Listing removed | $1,895 | $1 |
| 2018-12-05 | Price change | $1,895 | $1 |
| 2018-10-30 | Listed for rent | $1,975 | $1 |
| 2017-02-17 | Sold | $265,000 | $165 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,325.46 | $269,570 |
| 2024 | $4,932.15 | $261,720 |
| 2023 | $4,789.03 | $254,100 |
| 2022 | $4,635.66 | $246,700 |
| 2021 | $4,503.38 | $239,520 |
| 2020 | $4,369.81 | $232,550 |
| 2019 | $4,217.2 | $225,780 |
| 2018 | $4,217.2 | $219,210 |
| 2017 | $4,147.29 | $212,830 |
| 2016 | $3,737.63 | $27,560 |
| 2015 | $486.62 | $26,760 |
| 2014 | $490.78 | $25,990 |
| 2013 | $459.8 | $25,240 |
| 2012 | $448.57 | $24,510 |
| 2011 | $429.24 | $23,800 |
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