Listing provided courtesy of Modern Realty- MLS# 212156194MLS Provider

1840 REES HILL RD #21Salem, OR 97306

Condo · 2 Beds · 2 Full Baths · 1,359 Sq. ft.
$289,900 Active

1840 REES HILL RD #21 Overview

Time on Site:
74 days
Visits:
1

Step into effortless South Salem living ' well-kept, move-in-ready, and perfectly positioned in the sought-after Cinnamon Lakes community, where the natural setting is unlike anything else in this price range. Welcome home to 1840 Rees Hill Road SE #21, a single-level condo that offers immediate livability, a spectacular outdoor backdrop, and long-term flexibility to make it your own. The interiors are clean and comfortable ' well maintained carpet, newer paint, and updated bathroom flooring give the home a fresh, welcoming feel throughout. Step out onto the covered deck and the setting takes over completely. Three lakes stretch out behind the property, wildlife moves through daily, and the kind of natural quiet that most buyers have to pay significantly more to find unfolds right outside your door. This is a premium upstairs unit with one of the most coveted views in the community. The HOA at $495 per month covers exterior maintenance, landscaping, garbage, and insurance ' a genuinely comprehensive package that keeps daily living low-maintenance and long-term costs predictable. For buyers seeking single-level living in a scenic, established South Salem community with a view that overdelivers ' this is the opportunity. Entire complex scheduled for extensive renovation to include: new trex decking, roof, siding, paint, and windows. Come experience it for yourself.

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1840 REES HILL RD #21 Facts & Features

  • Type Condo
  • Sq. ft. 1,359
  • Price/Sq.ft. $213

Details

General

Association/HOA

  • Association Fee: 535.0
  • Association Fee Frequency: Monthly

School Information

  • Elementary School: Liberty
  • Middle Or Junior School: Judson
  • High School: Sprague

Building Information

  • Year Built: 1989

Location/Region

  • Country: US
  • County Or Parish: Marion
  • MLS Area Major: 172 - Marion Co: South Salem

Tax Information

  • Tax Annual Amount: 3982.77
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Parcel Number: 569824
  • Property Condition: Resale
  • Property Sub Type: Condominium
  • Property Type: Residential

Interior

Parking Information

  • Garage Spaces: 1.0

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Partial: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 2

Building Interior

  • Building Area Total: 1359.0

General Information

  • Appliances: Cooktop,Dishwasher,Disposal,Free-Standing Gas Range,Free-Standing Refrigerator,Gas Appliances,Microwave,Stainless Steel Appliance(s)
  • Cooling: Central Air
  • Heating: Forced Air
  • Interior Features: Engineered Hardwood,High Speed Internet,Laundry,Vaulted Ceiling(s),Wall to Wall Carpet,Washer/Dryer
  • Stories: 1
  • Stories Total: 2
  • Window Features: Double Pane Windows

Unit Information

  • Unit Number: 21

Exterior

Parking Information

  • Parking Total: 1.0

Lot Information

  • Lot Features: Trees
  • Road Surface Type: Paved
  • Water Source: Public Water

Waterfront/View

  • Waterfront Features: Lake

Building Exterior/Construction

  • Architectural Style: Traditional
  • Roof: Composition

General Information

  • Exterior Features: Covered Patio,Patio
  • Sewer: Public Sewer

1840 REES HILL RD #21 Neighborhood

Community

97306 (Salem) Demographics

38
Median Age
969
Population Density (per sq. mile)
51%
College Educated
$71,775
Estimated Median Income
8,289
Estimated Total Home Owners
4,098
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1840 REES HILL RD #21 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1840 REES HILL RD #21 Market Data

Based on the last 30 days in this zip code

$652,124
Average List Price
$279
Average Price per Square Foot
47
Properties Sold
75
Average Days on Market
282
Properties for Sale
Calculations provided by Reliance Network

1840 REES HILL RD #21 History

Date Event Value Agent
6/9/2026Source: Regional MLS Price Reduction
$289,900 -3.3%
4/17/2026Source: Regional MLS Added to Database
April 17, 2026