4332 40th Ct NE, Salem, OR 97305 Property Records

Marion County property record for 4332 40th Ct NE, Salem, OR 97305

Property Summary

Property Type	Single Family Home
Details	3 bd · 1.5 ba · 1,449 sqft · built 1962
Lot Size	0.2 acres (8,712 sqft)
Owner	2 Individual Names on Record
Last Sale	$380,000 (May 2023)
Tax Bill	$3,145 (2025)
Deeds & Mortgages	May 2023 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`072W07BA05400`

Property Details

APN / Parcel Number

Primary APN	`072W07BA05400`
Alternative APN	`551374`

Interior

Bedrooms	3 Beds
Full Baths	1.5 Baths
Half Baths	1 Half Bath
Total Rooms	4 Rooms
Stories	1 Story
Building Area	1,449 sqft Living Area
Gross Area	2,016 sqft
1st Floor Area	1,449 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1962
Effective Year Built	Effective 1962
Roof Type	Gable
Roof Material	Composition Shingle
Lot Area	8,712 sqft (0.2 acres)
Garage Type	Attached
Garage Area	567 sqft
Driveway	Driveway
Driveway Area	570 sqft
Parking Spaces	2 Parking Spaces
Patio Area	120 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Account Number	551374
Street Address	4332 40TH CT NE
City	SALEM
State	OR
Zip	97305-2101
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	RS
Legal Description	JAN REE GARDENS NO 3 BLOCK 7 LOT 9 ACRES .20
Legal Range	02W
Legal Township	07S
Legal Section	07
Legal Subdivision	JAN REE GARDENS NO 3
Legal Block	7
Legal Lot Number	9
Jurisdiction	MARION OR
Township / Civil Division	SALEM
Census Block Group	3
Census Block	3003
Census Tract	1606

Owner

Source: Marion County records, as of May 20, 2026

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

Owner of Record	2 Individual Names on Record
Mailing Address	4332 40TH CT NE, SALEM, OR 97305-2101
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Right of Survivorship

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	May 31, 2023 · Amount on Record
Deed Sale	May 31, 2023 · Amount on Record
Deed Document Number	202315195
Deed Book / Page	4711 / 280
Record Updated	Sep 20, 2026

May 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARION OR
Recording Date	May 31, 2023
Property Address	4332 40TH CT NE, SALEM, OR 97305-2101
Document Number	0047110280
Book / Page	4711 / 280
Instrument Date	May 26, 2023
Instrument	2023 00015195
Transaction Type	Transfer
Record Updated	Jun 20, 2023
Title Company	FIDELITY NATIONAL TITLE, FIDELITY NATL TTL CO OF OR

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Right of Survivorship
Address	4332 40TH CTNE, SALEM, OR 97305-2101

Mortgage

Document Number	202300015196
Date	May 31, 2023
Instrument	2023 00015196

Lender

Name	SUMMIT FUNDING INC
Type	Mortgage Company

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Jun 1, 2053

Tax Assessment & Valuation

Source: Marion County assessment roll, as of November 10, 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	$3,145.00 (+3.25%)	$190,820 (+3%)	$383,120 (+2.59%) Land $137,040 Building $246,080
2024	$3,046.00 (+5.4%)	$185,270 (+3%)	$373,430 (+5.51%) Land $123,000 Building $250,430
2023	$2,890.00 (+2.88%)	$179,880 (+2.99%)	$353,930 (+2.14%) Land $123,000 Building $230,930
2022	$2,809.00	$174,650	$346,520 Land $123,000 Building $223,520

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 10 (0% premium discount)
Nearby Flood Policies	1 in force

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	Not rated no burnable land 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 319 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
Verizon Fixed Wireless	300 / 20

May also be available: Astound Broadband, Datavision Communications, Hunter Communications.