Listing provided courtesy of HOMESMART REALTY GROUP- MLS# 840517MLS ProviderContact Information: Cell: 503-510-5326

5501 Lipscomb St SESalem, OR 97317

Single Family · 5 Beds · 5 Full Baths · 2 Half Baths · 5,943 Sq. ft. | 2.68 Acres
$2,500,000 ACTIVE

5501 Lipscomb St SE Overview

Time on Site:
59 days
Visits:
9

Tour of Homes luxury estate on acreage with stunning valley views! This exceptional residence showcases exposed beams, curved entryways, and high-end finishes throughout. A single-level layout with a full basement offers excellent dual living potential. Enjoy 5 spacious bedrooms—each an en suite with walk-in closets—along with 2 half baths. The chef's kitchen is designed to impress, featuring a 60' gas range, oversized island, and a fully equipped butler's pantry with an additional dishwasher. The lower level is ideal for entertaining with a wet bar complete with mini fridge, ice maker, and dishwasher. Elevated finishes include custom cabinetry, engineered hardwood (waterproof and wear-resistant) and tile flooring throughout—including limestone—natural stone countertops, custom iron railings, and thoughtfully curated lighting and plumbing fixtures. Venetian plaster accents enhance the master shower, range hood, and fireplace, while radiant heated tile floors bring comfort to the upstairs suites. Smart and functional upgrades include Lutron smart home lighting, integrated indoor/outdoor sound, a constant pressure water system with filtration, and a washer/dryer conveniently located in the primary closet.Outdoor living is equally impressive, featuring a covered deck, full outdoor kitchen with a 44' gas range, refrigerator, and pass-through window, gas heaters in the dining area, and an outdoor gas fire table—perfect for year-round enjoyment. The property also offers a hot tub, irrigated landscaping with lighting and raised garden beds, hot/cold outdoor water spigots, and built-in dog kennels with a dedicated dog wash. Additional highlights include a paved asphalt driveway leading to a 1,500 sq ft 3-car garage (mini-split ready and pre-wired), plus an additional 1,200 sq ft of flexible space—ideal for storage, a home office, gym, or more.

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5501 Lipscomb St SE Facts & Features

  • Type Single Family
  • Sq. ft. 5,943
  • Price/Sq.ft. $421
  • Lot 2.68 Acres

Details

General

School Information

  • Elementary School: Turner
  • Middle Or Junior School: Cascade
  • High School: Cascade

Building Information

  • Year Built: 2025

Location/Region

  • County Or Parish: Marion
  • MLS Area Major: 40 SOUTHEAST SALEM

Tax Information

  • Tax Annual Amount: 6841

General Information

  • Property Sub Type: Residence
  • Property Type: Residential
  • Senior Community: No
  • Zoning: RES

Interior

Parking Information

  • Garage Spaces: 3

Beds/Baths

  • Bathrooms Full: 5
  • Bathrooms Half: 2
  • Bathrooms Total: 7
  • Bedrooms Total: 5

General Information

  • Basement: Finished
  • Fireplace Features: Family Room,Gas
  • Flooring: Tile,Wood
  • Living Area: 5943
  • Stories Total: 2 Story

Exterior

Lot Information

  • Lot Features: Irregular
  • Lot Size Acres: 2.68
  • Lot Size Square Feet: 116740
  • Water Source: Well

Waterfront/View

  • View: Territorial

Building Exterior/Construction

  • Construction Materials: Fiber Cement
  • Patio And Porch Features: Covered Deck
  • Roof: Composition

General Information

  • Fencing: Partial
  • Pool Features: Hot Tub

5501 Lipscomb St SE Neighborhood

Community

97317 (Salem) Demographics

39
Median Age
481
Population Density (per sq. mile)
28%
College Educated
$70,838
Estimated Median Income
5,562
Estimated Total Home Owners
2,481
Estimated Total Renters
69% / 31%
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.

5501 Lipscomb St SE 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.

5501 Lipscomb St SE Market Data

Based on the last 30 days in this zip code

$802,302
Average List Price
$377
Average Price per Square Foot
24
Properties Sold
98
Average Days on Market
115
Properties for Sale
Calculations provided by Reliance Network

5501 Lipscomb St SE History

Date Event Value Agent
6/24/2026Source: Willamette Valley MLS Price Reduction
$2,500,000 -3.8%
6/2/2026Source: Willamette Valley MLS Price Reduction
$2,600,000 -5.5%
5/1/2026Source: Willamette Valley MLS Added to Database
May 01, 2026