Chinook Estates October 16, 2011
Chinook Estates lies just a few miles outside of the South Salem city limits and offers gorgeous territorial and mountainous views all around. Chinook Estates comprises of small acreage parcels ranging from 2 acres on up to 7 acres. Depending on location, many properties take advantage of the distant rolling hills and mountains and a few have exquisite views of the winding Willamette River. Chinook Estates offers a range of homes built from the 1970s until the present day. Although building has slowed substantially since the Real Estate boom in the mid 2000's, there are still some building lots available. At the height of the market, homes were often selling for $1,000,000 or more in this area. The affluent lifestyle is evident in Chinook Estates with the large exquisite custom built homes and vast amenities.
Just like any other affluent market in Salem Oregon, Chinook Estates has seen better days. As of this writing, Chinook Estates has seen 2 properties sell since the beginning of 2011 with an average sales price of $762,500.
A buyer can really take advantage of the current market with some great buys in this desired location. There are currently 7 homes for sale ranging from $399,500 for a 3 bed 2 bath, 2123 sf home built in 1978 to $769,000 for 4 bed 4 bath, 4400 sf home built in 2000.
*MLS information is deemed reliable, but not guaranteed.