Outstanding Residential Development Opportunity located adjacent to the newly developed Misty Meadows development. The sale includes an assemblage of two separate tax parcels (R400792-2.80ac bare land/R267146-2.80ac. residence, shop & barn). Residence is +/- 2,873/SF and Shop is +/- 1920/SF. The property does have the potential to develop rental income while going through the approval process. PLEASE DO NOT DISTURB OWNER. See addt'l details attached. Buyer responsible for completing due-diligence.
Sold for $1,250,000 on 07/15/25
Listed by:
SHADYA JONES Direc:503-884-6281,
Coldwell Bnkr/Commercial Div
Bought with: Exp Realty, Llc
$1,250,000
2540 Michigan City Ln NW, Salem, OR 97304
4beds
2,873sqft
Single Family Residence
Built in 1980
4.8 Acres Lot
$1,254,200 Zestimate®
$435/sqft
$3,781 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 16, 2025 at 10:08am
Listed by:
SHADYA JONES Direc:503-884-6281,
Coldwell Bnkr/Commercial Div
Bought with:
LIZA REYNA- SKIPPER
Exp Realty, Llc
Source: WVMLS,MLS#: 824682
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 5
Primary bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bedroom 4
- Level: Upper
Dining room
- Features: Formal
- Level: Main
Family room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Heat Pump
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater
- Laundry: Main Level
Features
- High Speed Internet
- Flooring: Carpet, Vinyl
- Has fireplace: Yes
- Fireplace features: Family Room
Interior area
- Total structure area: 2,873
- Total interior livable area: 2,873 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 4.80 Acres
Details
- Additional structures: Barn(s), Workshop, Shed(s), RV/Boat Storage
- Parcel number: 400792
- Zoning: SR
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Electric: 1/Main
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Salem
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$1,254,200
2% more+$25,084
With Zillow Showcase(estimated)$1,279,284