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    2881 Frst Hvn Way S Salem, OR 97302

    For Sale
    $525,000

    Land - Salem, OR

    Lot size:
    2.37 Acres
    Days on Market:
    235
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 2881 Frst Hvn Way S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    341484
    Interior features
    High Speed Internet
    Lot size
    2.37 Acres

    Building Details

    Architectural style
    Other

    Coldwell Banker Mountain West Real Estate, Inc. (503) 364-9596 [email protected]

    Listing agent ANDREA BEYER (503) 364-9596

    Listing date Apr 24, 2025

    MLS# 825182 Listing URL

    Copyright © 2025 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Parcel in South Salem

    This 2.37-acre land parcel is located in South Salem. The property is a flat, easy-to-build parcel with a gated rock wall entry and a long, paved private drive. It features a setting of towering Oak and Fir trees and an abundance of wildlife. The property includes a well. It is located in the Sprague school district.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.066
    Latitude
    44.9013

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    FAQs

    What type of property is this?
    Land - 2.37 acre land parcel ready for custom home.
    Where is this land located?
    The property is located at 2881 Frst Hvn Way S Salem, OR.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Ready for your custom Kaufman Home in South Salem.; - Rare small acreage parcel, conveniently close to amenities.; - Located in the desirable Sprague school district.
    (503) 364-9596
    Request Owner's contact information
    2881 Frst Hvn Way S Salem, OR 97302
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    Salem, OR 97302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2881 Frst Hvn Way S Salem, OR 97302
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