3221 Faragate St S, Salem, OR 97302 Property Records

Marion County property record for 3221 Faragate St S, Salem, OR 97302

Property Summary

Property Type	State-Assessed Property
Details	5 bd · 1 ba · 2,672 sqft · built 1914
Lot Size	117 acres (5,127,012 sqft)
Owner	Company Name on Record
Last Sale	$1,000,000 (Jul 2018)
Tax Bill	$2,214 (2025)
Deeds & Mortgages	Jul 2018 Sale & Mortgage Jul 2018 Sale + 1 more
Flood Zone	Zone AE (high risk)
APN	`073W31 00300`

Property Details

APN / Parcel Number

Primary APN	`073W31 00300`
Alternative APN	`527671`

Interior

Bedrooms	5 Beds
Full Baths	1 Bath
Building Area	2,672 sqft
1st Floor Area	1,336 sqft
2nd Floor Area	1,336 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1914
Lot Area	5,127,012 sqft (117 acres)
Garage Type	Detached
Garage Area	714 sqft

Location & Zoning

Account Number	527671
Street Address	3221 FARAGATE ST S
City	SALEM
State	OR
Zip	97302
Property Category	Commercial
Property Type	Commercial > Retail > State-Assessed Property
Local Zoning Code	UT-20
Legal Description	P.P. 1998-023, PARCEL 1, ACRES 117.70
Legal Range	03W
Legal Township	07
Legal Section	31
Legal Subdivision	PP 1998-023
Legal Lot Number	1
Jurisdiction	MARION OR
Township / Civil Division	SALEM
Census Block Group	2
Census Block	2002
Census Tract	2400

Owner

Source: Marion County records, as of February 27, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	PO BOX 37, WILSONVILLE, OR 97070-0037
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Jul 31, 2018	Grant Deed, Transfer US BK TR
Jul 25, 2018	Grant Deed, Transfer FIRST AMERICAN TITLE
Feb 5, 2018	Quit Claim Deed, Transfer Quitclaim

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 1, 2018 · Amount on Record
Deed Sale	Jul 1, 2018 · Amount on Record
Deed Document Number	0020187288
Record Updated	Jun 8, 2026

July 2018: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	MARION OR
Recording Date	Jul 31, 2018
Property Address	3221 FARAGATE ST S, SALEM, OR 97302-9747
Document Number	0000037078
Book / Page	004105 / 000347
Instrument Date	Jul 30, 2018
Instrument	37078
Transaction Type	Transfer
Record Updated	Aug 9, 2018
Title Company	FIRST AMERICAN TITLE

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$1,000.00
Amount Accuracy	Confirmed
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	30625 SW INDUSTRIAL WAY WILSONVILLE OR 97070, WILSONVILLE, OR 97070
Investor	Possibly a Property Investor

Mortgage

Document Number	37079
Date	Jul 31, 2018
Book Page	004105/000348
Instrument	37079

Lender

Name	US BK TR
Address	555 SW OAK ST, PORTLAND, OR 97204-1752

Agreement

Amount	Amount Recorded
Term	60 Months
Due	Jul 30, 2023

July 2018: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	MARION OR
Recording Date	Jul 25, 2018
Property Address	3221 FARAGATE ST S, SALEM, OR 97302-9747
Document Number	0000036008
Book / Page	004103 / 000277
Instrument Date	Jul 23, 2018
Instrument	36008
Transaction Type	Transfer
Record Updated	Aug 29, 2018
Title Company	FIRST AMERICAN TITLE

Transaction

Amount	Amount Recorded
Tax	$748.26
Amount Accuracy	Confirmed
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	6455 NE COLUMBIA BLVD PORTLAND OR 972182960, PORTLAND, OR 97218-2960

February 2018: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	MARION OR
Recording Date	Feb 5, 2018
Property Address	3221 FARAGATE ST S, SALEM, OR 97302-9747
Document Number	0000006134
Book / Page	004043 / 000403
Instrument Date	Jan 22, 2018
Instrument	6134
Transaction Type	Transfer
Record Updated	Feb 20, 2018

Transaction

Tax	$0.00
Additional	Quitclaim Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	33849 SE TERRA CIR CORVALLIS OR 973332304, CORVALLIS, OR 97333-2304

Tax Assessment & Valuation

Source: Marion County assessment roll, as of September 30, 2025

Property Jurisdictions

Type	Name
State	Oregon
County	Marion County
Unified School District	Salem-Keizer School District 24J (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$2,214.00 (+3.55%)	$164,566 (+3.54%)	$1,014,440 (+16.39%) Land $1,014,440
2024	$2,138.00 (+9.53%)	$158,940 (+10.05%)	$871,550 (+24.11%) Land $871,550
2023	$1,952.00 (+2.9%)	$144,431 (+3.32%)	$702,230 (+12.58%) Land $702,230
2022	$1,897.00	$139,796	$623,780 Land $623,780

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective September 30, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone AE high risk
100-Year Floodplain	Yes 1% annual chance
Floodway	Yes
Base Flood Elevation	Varies along the reach; see FIRM
Flood Insurance Requirement	Required federally backed loans
Flood Insurance Cost	Premium on Record median of 15 policies
Community Rating System	Class 10 (0% premium discount)
Nearby Flood Policies	15 in force
Nearby Flood Claims	24 (1986–2019)
Most Recent Claim	Apr 2019 · river or lake flooding
Claims by Event	Severe Winter Storm, Flooding, Landslides, And Mudslides, Jan 2012 · 3 claims High Winds, Severe Storms And Flooding, Feb 1996 · 7 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood	0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

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