For SaleRisky Deal28 days on market
4298 River Rd S
4298 River Rd S, Salem, OR 97302, Salem, OR 97302
$659,000
Listing Price
4298 River Rd S, Salem, OR 97302
Loc: Salem, OR
Days Listed
28
Tax Assessed
$605k
Lot Size
1.95 acres
Rent Estimate
$2,716/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.
7
Schirle Elementary School
K-5
2.7 mi away
3
Crossler Middle School
6-8
3.5 mi away
6
Sprague High School
9-12
2.5 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
moderncontemporarywood sidingnatural landscapewooded settingvertical windowsarchitectural designnature-integratedminimalistdirt drivewayprivatesecludedresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.57%
Total ROI
14.7%
Cash Flow
$-2,009/mo
DSCR
0.41
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,009/mo net cash flow with a 2.6% 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 |
|---|---|---|---|
| 2026-08-28 | Listed for sale | $659,000 | $326 |
| 2026-08-01 | Listing removed | $675,000 | $334 |
| 2026-05-29 | Listed for sale | $675,000 | $334 |
| 2026-01-01 | Listing removed | $675,000 | $334 |
| 2025-12-10 | Listed for sale | $675,000 | $334 |
| 2025-11-03 | Pending sale | $675,000 | $334 |
| 2025-10-23 | Price change | $675,000 | $334 |
| 2025-10-09 | Listed for sale | $699,900 | $346 |
| 2025-09-23 | Listing removed | $799,900 | $396 |
| 2025-09-12 | Price change | $799,900 | $396 |
| 2025-08-14 | Price change | $837,900 | $415 |
| 2025-08-07 | Price change | $849,900 | $421 |
| 2025-07-19 | Price change | $859,900 | $426 |
| 2025-05-17 | Price change | $875,900 | $434 |
| 2024-09-27 | Listed for sale | $899,900 | $445 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,873.23 | $305,120 |
| 2024 | $3,759.63 | $296,240 |
| 2023 | $3,669.43 | $279,250 |
| 2022 | $3,578.8 | $279,250 |
| 2021 | $3,486 | $271,120 |
| 2020 | $3,392.05 | $255,570 |
| 2019 | $3,268.13 | $0 |
| 2018 | $3,226.69 | $0 |
| 2017 | $3,226.69 | $0 |
| 2016 | $2,698.09 | $0 |
| 2015 | $2,698.09 | $0 |
| 2014 | $2,650.33 | $0 |
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