381 State St, #3, Salem, OR 97301 Property Records

Marion County property record for 381 State St, #3, Salem, OR 97301

Property Summary

Property Type	Commercial Office
Details	5,280 sqft · built 1860
Lot Size	0.06 acres (2,614 sqft)
Owner	Company Name on Record
Last Sale	$650,000 (Jan 2025)
Tax Bill	$5,301 (2025)
Deeds & Mortgages	Sep 2022 Line of Credit May 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`073W27AB06400`

Property Details

APN / Parcel Number

Primary APN	`073W27AB06400`
Alternative APN	`589233`

Interior

Stories	1 Story
Building Area	5,280 sqft Gross Area
1st Floor Area	5,280 sqft

Exterior

Year Built	Built 1860
Effective Year Built	Effective 1860
Lot Area	2,614 sqft (0.06 acres)

Location & Zoning

Account Number	589233
Street Address	381 STATE ST, 3
City	SALEM
State	OR
Zip	97301-3533
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Local Zoning Code	CB
Legal Description	SALEM BLOCK 33 LOT 4 ACRES .06
Legal Range	03W
Legal Township	07S
Legal Section	27
Legal Subdivision	SALEM
Legal Block	33
Legal Lot Number	4
Jurisdiction	MARION OR
Township / Civil Division	SALEM
Census Block Group	2
Census Block	2046
Census Tract	200

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the Salem Downtown State Street-Commercial Street Historic District listed 2001 · 59 contributing resources · NRIS 01001067

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Marion County records, as of August 18, 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	840 55TH AVE NW, SALEM, OR 97304-3206
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Sep 14, 2022	Deed of Trust, Mortgage · Line of Credit FIRST INTERSTATE BANK
May 30, 2019	Deed of Trust, Mortgage FIRST INTERSTATE BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 30, 2025 · Amount on Record
Deed Sale	Jan 30, 2025 · Amount on Record
Deed Document Number	20252675
Prior Transfer Date	May 13, 2015
Prior Transfer Doc	0000017969
Record Updated	Sep 20, 2026

September 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION OR
Property Address	379 STATE ST, SALEM, OR 97301-3533
Transaction Type	Mortgage
Record Updated	Sep 27, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3315 ELDERBERRY DR S, SALEM, OR 97302-4074

Mortgage

Document Number	0046580027
Date	Sep 14, 2022
Book Page	4658/27

Lender

Name	FIRST INTERSTATE BANK
Type	Bank
Address	SALEM, OR 97301

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

May 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION OR
Property Address	379 STATE ST, SALEM, OR 97301-3533
Document Number	0000023857
Instrument Date	May 30, 2019
Transaction Type	Mortgage
Record Updated	Jun 12, 2019
Title Company	AMERITITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Revocable Trust
Address	3315 ELDERBERRY DR S SALEM OR 973024074, SALEM, OR 97302-4074

Mortgage

Document Number	0000023857
Date	Jun 3, 2019
Book Page	004202/000319
Instrument	23857

Lender

Name	FIRST INTERSTATE BK
Type	Bank
Address	SALEM, OR 97301

Agreement

Amount	Amount Recorded
Term	120 Months
Due	Jun 2, 2029

Tax Assessment & Valuation

Source: Marion County assessment roll, as of November 10, 2025

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$5,301.00 (+7.79%)	$258,030 (+3%)	$414,030 (-) Land $79,200 Building $334,830
2024	$4,918.00 (+3.04%)	$250,520 (+3%)	$414,030 (-) Land $79,200 Building $334,830
2023	$4,773.00 (+2.87%)	$243,230 (+3%)	$414,030 (-) Land $79,200 Building $334,830
2022	$4,640.00	$236,150	$414,030 Land $79,200 Building $334,830

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 X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	18 units insured incl. 11 condo units

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	Indirect within ember reach

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

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SALEM PUBLIC WORKS serves 199,820 people · EPA ID OR4100731
Water Source	Surface water
Last State Inspection	Jul 2023
Lead	2 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 89 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Alyrica Fixed Wireless	400 / 50

May also be available: CenturyLink, Hunter Communications, T-Mobile, Verizon.

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