Under contract

Listed by: Paramount Real Estate Services

$409,000

1355 Wallace Rd NW, Salem, OR 97304

3beds

1,661sqft

Est.:

Single Family Residence

Built in 1956

0.45 Acres Lot

$406,000 Zestimate^®

$246/sqft

$-- HOA

What's special

Single level homeSeparate adu

Accepted Offer with Contingencies. DUAL LIVING OPPORTUNITY with separate ADU. This single level home has so much to offer with a huge .45 acre lot with room for additional units. Finished ADU with kitchenette, bathroom & bedroom area offer additional income potential. Property has incredible views to the East mountain ranges & downtown Salem. Looking for an Investment? Buyer to do due diligence on redevelopment opportunities, but could work well for someone wanting affordable living convenient to Salem with room to grow & main level living. There's plenty of room for redevelopment or adding on to existing structures. Buyer to do due diligence with the City of Salem. *Virtual Staging in videoOPEN HOUSE CANCELED

26 days

1,907

111

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bathrooms: 2

Primary bedroom

Level: Main

Bedroom 2

Level: Main

Bedroom 3

Level: Main

Dining room

Features: Area (Combination)
Level: Main

Family room

Level: Main

Kitchen

Level: Main

Living room

Level: Main

Heating

Electric, Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Electric Range, Electric Water Heater
Laundry: Main Level

Features

Flooring: Carpet, Laminate
Has fireplace: Yes
Fireplace features: Living Room, Family Room, Wood Burning

Interior area

Total structure area: 1,661
Total interior livable area: 1,661 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Patio
Fencing: Partial
Has view: Yes
View description: Mountain(s)

Lot

Size: 0.45 Acres
Features: Irregular Lot, Landscaped

Details

Additional structures: See Remarks, RV/Boat Storage
Parcel number: 244062
Zoning: RS

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1956

Utilities & green energy

Electric: 1/Main
Sewer: Public Sewer
Water: Public
Utilities for property: Water Connected

Community & HOA

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $246/sqft
Tax assessed value: $432,860
Annual tax amount: $4,568
Price range: $409K - $409K
Date on market: 4/10/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,ODVA,Conventional,Rehab Loan
Inclusions: Appliances

Estimated market value

$406,000

$386,000 - $426,000

$2,529/mo

Price history

Date	Event	Price
4/27/2026	Pending sale	$409,000$246/sqft
Source: RMLS (OR) #774225357 Report a problem
4/27/2026	Contingent	$409,000$246/sqft
Source: WVMLS #839309 Report a problem
4/10/2026	Listed for sale	$409,000+147.9%$246/sqft
Source: WVMLS #839309 Report a problem
11/16/2004	Sold	$165,000$99/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,231 +3%	$224,500 +3%
2023	$4,108 +3.3%	$217,970 +3%
2022	$3,977 +2.9%	$211,630 +3%
2021	$3,863 +3.1%	$205,470 +3%
2020	$3,749 +3.6%	$199,490 +3%
2019	$3,618	$193,680 +3%
2018	$3,618 +1.7%	$188,040 +3%
2017	$3,558 +11%	$182,570 +3%
2016	$3,206 +2.4%	$177,260 +3%
2015	$3,130 -0.3%	$172,100 +3%
2014	$3,141 +13.2%	$167,090 +8.7%
2013	$2,773 -7.2%	$153,700 -5.8%
2012	$2,987 +4.5%	$163,200 +3%
2011	$2,858 +4.4%	$158,450 +3%
2010	$2,738 +1.4%	$153,840 +3%
2009	$2,700 +6%	$149,360 +3%
2008	$2,546 +2.5%	$145,010 +3%
2007	$2,484 +4.1%	$140,790 +3%
2006	$2,387 +1.8%	$136,690 +3%
2005	$2,344 -0.8%	$132,710 +3%
2004	$2,362 +7.7%	$128,850 +6.1%
2002	$2,193 +3%	$121,460 +3%
2001	$2,129 +2.7%	$117,930 +3%
2000	$2,073	$114,500