Lot/land

Listed by: Real Broker • CHRISTINE FOLZ • Contact: 503-949-3087

$5,000,000

1990 Wallace Rd NW, Salem, OR 97304

--beds

--baths

12.83Acres

Unimproved Land

Built in ----

12.83 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Existing barn on propertyTwo existing wells

Sale includes Polk county tax IDs 314820, 314846, 354776. Marine drive will split parels 314820 and 314864. West sides of parcels offer portential for multiple development uses- east sides are outside the urban growth boundary and partially in the flood plane. Parcel 354776 is paved access off Wallace Rd. Two existing wells and Existing barn on property. Marine drive would run from Harritt to Taybin Rd. Travel lanes, sidewalk and 12' multi-use path on east side. Connector streets-Harritt, Beckett & 5th ave

984 days

70

1

Facts & features

Property

Features

Has water view: Yes
On waterfront: Yes
Waterfront features: Waterfront

Lot

Size: 12.83 Acres
Features: Not Flagged

Details

Additional structures: See Remarks
Parcel number: 314846
Zoning: SR/EFU

Utilities & green energy

Water: Well
Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Phone Available

Community & HOA

Location

Region: Salem

Financial & listing details

Tax assessed value: $229,960
Annual tax amount: $147
Price range: $5M - $5M
Date on market: 11/9/2023
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$2,152/mo

Price history

Date	Event	Price
5/2/2025	Price change	$5,000,000+426.3%
Source: WVMLS #811181 Report a problem
11/9/2023	Listed for sale	$950,000+578.6%
Source: RMLS (OR) #23414635 Report a problem
6/24/1986	Sold	$140,000
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$73 +2.4%	$26,324 -91.8%
2023	$72 +3.1%	$322,639 +3%
2022	$70	$313,249 +4.8%
2021	--	$298,904 +5349.5%
2020	$66 -98.2%	$5,485 +3%
2019	$3,575 +5527.8%	$5,325 -98.1%
2018	$64 +1.9%	$278,725 +3%
2017	$62 +14.7%	$270,610 +3%
2016	$54 +0.7%	$262,729 +1.8%
2015	$54 -2.9%	$258,014 +3.2%
2014	$56 -97.9%	$249,914 +11.6%
2013	$2,661 -7.5%	$223,847 -7.1%
2012	$2,876 -3.1%	$240,876 -1.8%
2011	$2,968 +4.9%	$245,169 +2.9%
2010	$2,829 +0.7%	$238,145 +2.9%
2009	$2,809 +4.2%	$231,328 +2.9%
2008	$2,697 +3%	$224,714 +2.9%
2007	$2,618 +6%	$218,292 +2.9%
2006	$2,470 +1.3%	$212,055 +2.9%
2005	$2,438 -1.6%	$206,003 +2.9%
2004	$2,477 +19.7%	$200,122 +11%
2002	$2,069 -6.3%	$180,244 -4.6%
2001	$2,208 +4%	$188,920 +3%
2000	$2,124	$183,440

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified