5847 Cobalt Loop SE, Salem, OR 97306
Property image
Property image
FOR SALE
3D VIEW
Listed by QUINTIN BANGERT, Windermere Pacific West Prop, (503) 931-2445

$470,000

Original price: $480,000
  • 3 Beds
  • 2 Baths
  • 1,611 sqft

5847 Cobalt Loop SE, Salem, OR 97306

South Gateway
Est. Mortgage $2,924/mo*
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Home Highlights

Single-Family Home
Built in 1993
$292/sqft
2 Car Garage

Local Information

  • Map ViewExplore the area around 5847 Cobalt Loop SE.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Cozy gas fireplaceFenced backyardTrex deckWalk-in closetBreakfast nookSmart thermostat
PRICE REDUCED: Beautifully updated single-story home in South Salem with solar power and a newer roof. Open kitchen with granite countertops, pantry, breakfast nook, and laminate wood floors. Vaulted ceilings and a cozy gas fireplace highlight the family room. Spacious primary suite features a walk-in closet, dual vanity, and skylight, Smart thermostat. Fenced backyard with Trex deck and newly landscaped front yard w/drip system.

Home Details for 5847 Cobalt Loop SE

Interior Features

Interior Details
Number of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1611 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Disposal, Electric Range, Range Included, Gas Water HeaterDishwasherDisposalLaundry: Main Level
Heating & Cooling
Heating: Natural Gas,Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Fireplace: Family RoomHas a Fireplace
Gas & Electric
Electric: 1/Main
Windows, Doors, Floors & Walls
Flooring: Wood, Laminate
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Wood, Laminate
View
Has a ViewView: Territorial

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: DeckFencing: FencedOther Structures: Shed(s)Foundation: Continuous
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Does Not Include Irrigation Water Rights

Days on Market

Days on Market: 82

Property Information

Year Built
Year Built: 1993
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Fiber Cement, Lap SidingNot a New ConstructionDoes Not Include Home Warranty

Price & Status

Price
List Price: $470,000Price Per Sqft: $292
Status Change & Dates
Possession Timing: COE

Active Status

MLS Status: ACTIVE

Media

Location

Direction & Address
City: SalemCommunity: Sunstone
School Information
Elementary School: PringleJr High / Middle School: JudsonHigh School: South Salem

Agent Information

Listing Agent
Listing ID: 842967

Building

Building Area
Building Area: 1611 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 6098 sqft

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: VA Loan, Cash, FHA, Conventional

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

Mls Number: 842967Attribution Contact: Cell: 503-931-2445

Around this home

Neighborhood Overview

South Gateway
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South Gateway

At least 129 Trulia users voted on each feature.

  • 94 % Say there are sidewalks

  • 91 % Say it's dog friendly

  • 83 % Say there's holiday spirit

  • 82 % Say car is needed

  • 78 % Say kids play outside

  • 77 % Say yards are well-kept

  • 74 % Say parking is easy

  • 68 % Say people would walk alone at night

  • 65 % Say it's walkable to grocery stores

  • 62 % Say it's quiet

  • 60 % Say they plan to stay for at least 5 years

  • 59 % Say streets are well-lit

  • 52 % Say neighbors are friendly

  • 43 % Say there's wildlife

  • 41 % Say it's walkable to restaurants

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Matthewdavisdpt
    "There are a lot of dog parks and tons of people that have dogs and tons of dog grooming services and there is lots of vet services"
    0
    Flag
  • Matthewdavisdpt
    "We have fun school events basketball, football, soccer, baseball, graduation, plays, comic shows, plays and lots of churches with active charity"
    0
    Flag
  • Matthewdavisdpt
    "You see people walking their dogs all the time, dogs are always welcome here, just clean up your dog pooo"
    0
    Flag
  • Melissa Medina
    "I have lived in this same neighborhood since I was 6. I have gone to the same schools around here as my kids. Great memories!"
    1
    Flag
  • Mtp8cp42jn
    "Great place to raise children. Well manicured gardens and lawns. Dog friendly. Very cute. Very nice, newer houses"
    0
    Flag
  • Haley Kjemperud
    "Dog park for the hoa members. Paved areas, lots of paths... That’s all I have to say about it but it’s "
    0
    Flag
  • Mike Bernard
    "Just at the edge of city limits so we get deer and other wildlife in the neighborhood. It is a well established neighborhood with good neighbors. "
    1
    Flag
  • Trulia User
    "Great neighborhood, walk to store restaurants. Park across the street. School close by. Friendly neighborhood. Newer homes, good highways. "
    1
    Flag
  • Trulia User
    "Low crime rate area, safe for kids to play outside. People are friendly and family oriented. Pick up after their pets and have them leashed when necessary "
    1
    Flag
  • Essae
    "South Salem Pet store and Petco are nearby., Trader Joe’s has snacks, too. Most parks are friendly with leashed pets."
    2
    Flag
  • Hockeybum
    "Great neighborhood to live in and I have owned two homes here and would highly recommend it to others."
    2
    Flag
  • Smpaigemurphy
    "No dog park nearby or open area to let your dog go run. Unless the rare chance no ones at an elementary school"
    0
    Flag
  • Marty S.
    "Nice place for walking. Bike lanes. School park nearby. Restaurants and grocery in close proximity. Mature trees."
    1
    Flag
  • Ashley R.
    "Fairly well-lit and everyone uses leashes... friendly and sweet dogs, neighbors always friendly 😊 lots of RED DIRT, 😩"
    0
    Flag
  • Sandeebmw
    "Quiet, clean, well kept neighborhood with neighbors that watch out for each other. Sidewalks are well kept but there are often cars parked on both sides of the streets making it a little difficult during busy times. "
    2
    Flag
  • Essae
    "It’s important to know that cars speed along Madras and the parking is lined along the street so often you can’t see the kids running around."
    2
    Flag
  • Essae
    "Lots of dogs on leash-responsible pet owners as well. Would be nice to have a park nearby that had a fenced in area"
    2
    Flag
  • Heather_delarosa
    "We do neighborhood block parties and all send holiday cards or cookies to each other, we also enjoy trick or treating with each other. "
    0
    Flag
  • Marcy M.
    "15 minutes to downtown with access to bus lines close by Traffic isn’t as heavy as other areas of town"
    1
    Flag
  • Greg m.
    "26 yr. resident. Good neighborhood. Convenient shopping. Easy commute. Lots to do in the area. Access to I-5. Close to beach and mountains."
    20
    Flag
  • Valentia k.
    "Drug free environment and friendly neighbors. Also the neighborhood has to be kids friendly and clean."
    11
    Flag
  • Janellnfranz
    "we have been here over 10 years and enjoy the feeling of our surrounding neighborhood. Several of our nearby households plan a get together twice a year as well."
    9
    Flag
  • Tim B.
    "Cul de sac, Close to shopping. "
    3
    Flag
  • Brad W.
    "Top of the hill with a wonderful view - on a wide, quiet street that dead ends. Salem locations in this price range are very difficult to find. We would never consider selling - but - its time to move near our son. "
    3
    Flag
  • Donna_l
    "Quiet and Safe neighborhood, easy access to I-5, shopping, gym, bus system, senior center and downtown. A great place to live"
    4
    Flag

Market trends in South Gateway

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$479K
$8.33KMoM
Sale-to-List Price
100.0%
0.1%MoM
Price per sq ft
$263
$8MoM
Available listings
133
7MoM

Home Value

Trulia Estimate
$469K
Since last month
Increased$2K (+0.4%)
Since last year
Increased$7K (+1.6%)
Since last sale
Increased$34K (+7.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +100% in the last 10 years
MonthEstimated value
2026
September 2026$469K
August 2026$467K
July 2026$468K
June 2026$477K
May 2026$478K
April 2026$492K
March 2026$499K
February 2026$469K
January 2026$463K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5892 Cobalt Loop SE, Salem, OR
0.08
Single-Family Home
$425,000
01/16/26
3
2
1,600
5913 Rhinestone Ct SE, Salem, OR
0.19
Single-Family Home
$442,552
09/25/25
3
2
1,678
1159 Anna Ln SE, Salem, OR
0.15
Single-Family Home
$425,000
06/26/26
3
2
1,224
5923 Rhinestone Ct SE, Salem, OR
0.18
Single-Family Home
$470,000
08/13/26
3
2
1,843
5703 Flairstone Dr SE, Salem, OR
0.25
Single-Family Home
$474,000
05/19/26
3
2
1,650
5743 Flairstone Dr SE, Salem, OR
0.21
Single-Family Home
$490,000
08/25/26
3
2
1,598
5733 Flairstone Dr SE, Salem, OR
0.22
Single-Family Home
$449,900
06/04/26
3
2
1,484
6045 Nelson Pl SE, Salem, OR
0.29
Single-Family Home
$435,000
08/28/26
3
2
1,547
6003 Woodside Dr SE, Salem, OR
0.24
Single-Family Home
$476,000
08/03/26
3
2
1,646
6120 Fairbanks St SE, Salem, OR
0.26
Single-Family Home
$510,000
09/09/26
3
2
1,866

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5822 Cobalt Loop SE, Salem, OR 97306
0.04
$447,200
3
2
1,432
Off Market
5888 Oakstone Dr SE, Salem, OR 97306
0.09
$460,300
3
2
1,397
Off Market
1035 Cedar Hill Ct S, Salem, OR 97306
0.05
$359,900
3
2
1,404
Recently Sold
1035 Cedar Hill Ct SE, Salem, OR 97306
0.06
$359,900
3
2
1,404
Recently Sold
5892 Cobalt Loop SE, Salem, OR 97306
0.08
$425,000
3
2
1,600
Recently Sold
994 Cobalt Ct SE, Salem, OR 97306
0.06
$484,600
3
2
1,659
Off Market
5824 Cinnibar St SE, Salem, OR 97306
0.10
$431,100
3
2
1,458
Off Market
5814 Cinnibar St SE, Salem, OR 97306
0.10
$465,500
3
2.5
1,674
Off Market
5803 Cobalt Loop SE, Salem, OR 97306
0.08
$456,300
3
2.5
1,564
Off Market
1085 Mildred Ln SE, Salem, OR 97306
0.11
$437,100
3
2
1,521
Off Market
5799 Moonstone Loop SE, Salem, OR 97306
0.12
$465,500
3
2
1,608
Off Market

Price and Tax history

DateEventPrice
Jul 21, 2026
Source: WVMLS #842967
PriceChange
$470,000
Price decreased by 2%
Jul 2, 2026
Source: WVMLS #842967
Listed For Sale
$480,000
Jul 2, 2026
Source: WVMLS #838401
ListingRemoved
$480,000
May 22, 2026
Source: WVMLS #838401
PriceChange
$480,000
Price decreased by 2%
Apr 27, 2026
Source: WVMLS #838401
PriceChange
$489,000
Price decreased by 1%

LGBTQ Local Legal Protections

QUINTIN BANGERT, Windermere Pacific West Prop
Agent Phone: (503) 931-2445
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
Zillow, Inc. Randy Carroll, (206) 516-2255

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Frequently asked questions about 5847 Cobalt Loop SE

  • What is the estimated monthly payment for 5847 Cobalt Loop SE?
    Based on a $470,000 list price with 20% down at today's rates, the estimated monthly payment for 5847 Cobalt Loop SE in Salem, OR is approximately $2,932 (about $2,540 principal & interest, $317 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 5847 Cobalt Loop SE compare to homes in Salem?
    5847 Cobalt Loop SE in Salem, OR is listed at $470,000, about 2% below the $479K median sale price in Salem.
  • What do residents say about the South Gateway neighborhood?
    Residents describe the South Gateway neighborhood in Salem, OR as pedestrian-friendly, dog-friendly, and well-kept. See homes for sale in South Gateway, Salem.
  • What are the closest schools to 5847 Cobalt Loop SE?
    The closest schools to 5847 Cobalt Loop SE in Salem, OR are Battle Creek Elementary School (rated 3/10), Judson Middle School (rated 6/10), Sprague High School (rated 6/10).
  • Does 5847 Cobalt Loop SE have air conditioning?
    Yes, 5847 Cobalt Loop SE in Salem, OR has air conditioning.
  • Does 5847 Cobalt Loop SE have laundry facilities?
    Yes, 5847 Cobalt Loop SE in Salem, OR has laundry facilities.
5847 Cobalt Loop SE, Salem, OR 97306 is a 3 bedroom, 2 bathroom, 1,611 sqft single-family home built in 1993. 5847 Cobalt Loop SE is located in South Gateway, Salem. This property is currently available for sale and was listed by WVMLS on Jul 2, 2026. The MLS # for this home is MLS# 842967.