Foreclosure for Sale on Cherry Ave NE, Salem, OR 97303

Foreclosures › Oregon › Marion › Salem › Cherry Ave NE
Bank-owned REO foreclosure property at Cherry Ave NE, Salem, OR 97303. Marion County foreclosure listing.
Foreclosure (REO) Active 92 days on market
Cherry Ave NE, Salem, OR 97303
Price TBD
Marion County · Oregon
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Property details
Listing type Foreclosure
Property type Other
County Marion County
State Oregon
ZIP 97303
Days on Market 92 days
Listing ID 65444614
About this property

This Salem, OR property is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. All offers are considered; however, the highest and best will most likely be accepted.

📊 Marion County Market · Updated daily
Active Listings
275
Avg. Est. Value
$262,500
Bank-Owned (REO)
48
Pre-Foreclosures
227

207 active foreclosure listings in Salem, OR.

Browse all Marion County foreclosures →
❓ Frequently Asked Questions
This is a bank-owned (REO) property. The lender has repossessed it after the foreclosure process completed. REO properties are sold as-is but typically allow conventional financing and interior inspections before closing.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Marion County foreclosures for additional guidance on the purchase process.
There are currently 207 active foreclosure listings in Salem, OR. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition — most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status — eviction may be required if the property is occupied.
🌊 Flood Zone · FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

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🏦 Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
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📍 Location Map · Salem, OR Open in Google Maps →
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🏘️ Neighborhood Profile · ZIP 97303 · U.S. Census ACS
Population
41,143
Median Age
35.7 yrs
Households
14,844
Median Household Income
$75,863
Median Home Value
$365,800
Median Rent
$1,249/mo
Owner-Occupied
63% of homes
Vacancy Rate
3% of units
Unemployment Rate
4.6%

~16% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
🏫 Schools · NCES 2024–25
Schools in ZIP 97303
🏫 Middle
Claggett Creek Middle School
Grades 6–8·Keizer ZIP 97303
🎓 High
McNary High School
Grades 9–12·Keizer ZIP 97303

Source: NCES CCD 2024–25 · nces.ed.gov

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