5501 LIPSCOMB ST, Salem, OR 97317 | MLS #334816575 | Berkshire Hathaway HomeServices Real Estate Professionals
 
Listing provided courtesy of HomeSmart Realty Group- MLS# 334816575MLS Provider

5501 LIPSCOMB STSalem, OR 97317

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

5501 LIPSCOMB ST Overview

Time on Site:
11 days
Visits:
2

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 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

  • Country: US
  • County Or Parish: Marion
  • MLS Area Major: 173 - Marion Co: Southeast Salem

Tax Information

  • Tax Annual Amount: 6840.89
  • Tax Year: 2025

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: 548813
  • Property Condition: Resale
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Zoning: RES

Interior

Parking Information

  • Garage Spaces: 3.0

Beds/Baths

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

Building Interior

  • Building Area Total: 5943.0

General Information

  • Accessibility Features: Garage on Main,Main Floor Bedroom w/Bath,Minimal Steps,Utility Room On Main
  • Appliances: Butler's Pantry,Dishwasher,Disposal,Double Oven,Free-Standing Refrigerator,Gas Appliances,Island,Microwave,Pot Filler
  • Basement: Daylight,Finished
  • Cooling: Central Air
  • Fireplace Features: Gas
  • Fireplaces Total: 1
  • Heating: Forced Air
  • Interior Features: Heated Tile Floor,High Ceilings,Home Theater,Laundry,Soaking Tub,Sound System
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Driveway
  • Parking Total: 3.0

Lot Information

  • Lot Size Acres: 2.68
  • Lot Size Square Feet: 116740.0
  • Road Surface Type: Paved
  • Water Source: Well

Building Exterior/Construction

  • Architectural Style: 2 Story
  • Roof: Composition

General Information

  • Exterior Features: Covered Deck,Free-Standing Hot Tub,Raised Beds
  • Sewer: Standard Septic

5501 LIPSCOMB ST 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 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 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 History

Date Event Value Agent
6/24/2026Source: Regional MLS Price Reduction
$2,500,000 -3.8%
6/18/2026Source: Regional MLS Added to Database
June 18, 2026