1018 7TH ST NW, Salem, OR 97304
Patterson · Polk County
Key Facts
Description
**MOTIVATED SELLER** West Salem Equity Opportunity! Priced at $320,000, this rare package features a classic bungalow with unexpected vaulted kitchen ceilings and a DETACHED ADU/STUDIO. While many homes dictate how you should live, this property invites you to create your own vision. The home has had some updates and is ready for its new owner to make the home their own with a fresh interior/exterior color palette. The interior feels surprisingly expansive, anchored by soaring kitchen ceilings and a living room that captures the "golden hour" light perfectly. The layout is thoughtfully designed for privacy, with sleeping quarters positioned on opposite ends of the residence.The detached structure is the true value-add opportunity. Currently a blank slate awaiting new flooring and subfloor repair, this space represents massive equity potential. Whether you envision a dedicated art studio, a private home office, or a separate living quarter for multi-generational needs or rental income, the shell is here waiting for your finish work.Why wait decades for a landscape to mature? The current owners have cultivated a botanical masterpiece that would cost thousands to replicate. The East-side patio offers a private, cool retreat surrounded by an edible landscape, including Italian plum, Cherry, and Apricot trees, plus established raspberries, blueberries, and grapes. Best of all? Over 300 tulips are planted and ready to greet you with a spectacular show this Spring.This location offers exceptional access to the best of the community. You are located just moments from the vibrant Edgewater District, Urban Grange Coffee, local parks, and the pedestrian bridge connecting you to downtown Salem. This home is the perfect candidate for renovation financing (FHA 203(k) or Conventional HomeStyle®). These programs allow you to wrap the costs of painting and ADU repairs into one single mortgage payment. Don't just buy a home; buy a project with a payoff.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Stories1 / Bungalow
Year Built
1936
Stories
1
Living Area
1,108 sq ft
Lot Size
0.09 acres
Garage Spaces
1
Parking Spaces
1
Zoning
ESMU
Days on Market
108
MLS® Listing#
376863534
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Basement
Parking
Patio
Fencing
Lot Features
Roof
Sewer
Water Source
Schools
- Elementary:
- Harritt
- Middle:
- Walker
- High:
- West Salem
Financial Details
HOA
None
Annual Taxes
$1,934
Tax year 2025
Parcel Number
257406
Directions
Edgewater to Patterson St NW, Lefton 7th
Affordability Calculator
$64,000
Estimated monthly payment
$1,703/mo
Principal $256,000 · Est. interest $357,143 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salem, OR
- $483,333
- Median Listing Price
- 163
- Median Days on Market
- 1,814
- Median Sq Ft
- $267
- Median Price / Sq Ft
- 323
- Active Listings
- This home’s price is 34% below the area median.
- Its price per sq ft is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salem, OR.
Location
Getting Around
Points of Interest in Salem, OR
Showing the Salem area map.
Nearby Schools
Walker Middle School
Secondary · 0.1 mi away
Wallace Learning Tree
School · 0.4 mi away
Downtown Learning Center
School · 0.9 mi away
Myers Elementary School
Elementary · 1.0 mi away
Capital Christian School
School · 1.0 mi away
Champions at Chapman Hill Elementary
Elementary · 1.1 mi away
Chapman Hill Elementary School
Elementary · 1.1 mi away
Sunny Day Preschool
School · 1.2 mi away
Harritt Elementary School
Elementary · 1.3 mi away
St Joseph School
Secondary · 1.3 mi away
Straub Middle School
Secondary · 1.4 mi away
Life School
School · 1.4 mi away
Grant Community School
Elementary · 1.5 mi away
Kalapuya Elementary School
Elementary · 1.5 mi away
Chapman Hill Elementary
Elementary · 1.5 mi away
West Salem Senior High School
Secondary · 1.6 mi away
Parrish Middle School
Secondary · 1.6 mi away
Highland Elementary School
Elementary · 1.7 mi away
Salem-Keizer Public Schools
School · 1.7 mi away
The Early Learning Center
School · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2120 ROBINS LN SE 73A, Salem, OR | $224,900 | 3 | 2 | 1,728 |
| 698 ROYALTY CIR, Salem, OR | $225,000 | 3 | 3 | 2,023 |
| 2120 ROBINS LN SE 26, Salem, OR | $225,000 | 2 | 2 | 1,740 |
| 4792 LANCASTER DR NE 127, Salem, OR | $230,000 | 2 | 2 | 928 |
| 3456 NE CHIEFS CT, Salem, OR | $239,000 | 2 | 2 | 880 |
| 4070 BECK AVE SE, Salem, OR | $239,000 | 2 | 1 | 648 |
Moving Cost Estimate
EXIT Agents in Salem
Listing Courtesy: Keller Williams Capital City - 503-409-5861
Presented by: Dana Burk
Last Updated: 2025-12-04