**10 Acre Waterfront Property :) with Two Homes!** A unique opportunity for the right buyer. Hobby Farm, Multigenerational Living, Riverfront Retreat, Agricultural Business or Investment Income. So many possibilities on this special property! Whatever you choose, enjoy the peace and quiet of your own riverfront escape while watching the Willamette River flow by. Welcome Home!
For sale
Listed by: Tu Casa Corporation • JOSE GONZALEZ • Contact: Agent: 503-851-6582
$1,100,000
5454 Wallace Rd NW, Salem, OR 97304
7beds
1,852sqft
Single Family Residence
Built in 1937
10 Acres Lot
$-- Zestimate®
$594/sqft
$-- HOA
What's special
Riverfront escape
- 13 days
- 957
- 38
Zillow last checked:
Listing updated:
Listed by:
JOSE GONZALEZ Agent:503-851-6582,
Tu Casa Corporation
Source: WVMLS,MLS#: 844859
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Dining room
- Features: Area (Combination)
Appliances
- Included: Electric Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,852
- Total interior livable area: 1,852 sqft
Property
Parking
- Parking features: Carport
- Garage spaces: 4
- Has carport: Yes
Features
- Levels: One and One Half
- Stories: 1
- Exterior features: White
- Fencing: Partial
- Has water view: Yes
- On waterfront: Yes
- Waterfront features: Waterfront
Lot
- Size: 10 Acres
Details
- Additional structures: Barn(s)
- Parcel number: 265890
- Zoning: EFU
- Special conditions: Other (Refer to Pvt Rmks)
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Salem
Financial & listing details
- Price per square foot: $594/sqft
- Tax assessed value: $348,550
- Annual tax amount: $2,255
- Price range: $1.1M - $1.1M
- Date on market: 8/21/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: appliances in homes
Estimated market value
Not available
Estimated sales range
Not available
$3,208/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2026 | Listed for sale | $1,100,000+53.8%$594/sqft |
Source:  WVMLS #844859 Report a problem | ||
| 7/7/2023 | Listing removed | -- |
Source:  Berkshire Hathaway HomeServices NW Report a problem | ||
| 6/30/2023 | Sold | $715,000+2.3%$386/sqft |
Source:  RMLS (OR) #22633359 Report a problem | ||
| 10/24/2022 | Pending sale | $699,000$377/sqft |
Source: Berkshire Hathaway HomeServices NW #22633359 Report a problem | ||
| 10/2/2022 | Listed for sale | $699,000$377/sqft |
Source: Berkshire Hathaway HomeServices NW #22633359 Report a problem | ||
| 10/1/2022 | Pending sale | $699,000$377/sqft |
Source: RMLS (OR) #22633359 Report a problem | ||
| 9/4/2022 | Listed for sale | $699,000$377/sqft |
Source: RMLS (OR) #22633359 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,956 +3% | $172,430 +3% |
| 2024 | $1,899 +2.4% | $167,410 +3% |
| 2023 | $1,855 +3.6% | $162,540 +3% |
| 2022 | $1,789 +3.3% | $157,810 +3% |
| 2021 | $1,732 +2.9% | $153,220 +3% |
| 2020 | $1,683 +3.9% | $148,760 +3% |
| 2019 | $1,620 | $144,430 +3% |
| 2018 | $1,620 +1.8% | $140,230 +3% |
| 2017 | $1,591 +15.6% | $136,150 +3% |
| 2016 | $1,377 +0.6% | $132,190 +3% |
| 2015 | $1,369 -2.3% | $128,340 +3% |
| 2014 | $1,401 +7.6% | $124,610 +3% |
| 2013 | $1,302 +2% | $120,990 +3% |
| 2012 | $1,277 +5.5% | $117,470 +3% |
| 2011 | $1,211 +5.3% | $114,050 +3% |
| 2010 | $1,150 +0.5% | $110,730 +3% |
| 2009 | $1,144 +4.1% | $107,510 +3% |
| 2008 | $1,099 +3% | $104,380 +3% |
| 2007 | $1,067 +4.9% | $101,340 +3% |
| 2006 | $1,017 +0.9% | $98,390 +3% |
| 2005 | $1,008 +8.9% | $95,530 +9.3% |
| 2002 | $925 +1.8% | $87,430 +3% |
| 2001 | $909 +3.6% | $84,890 +3% |
| 2000 | $877 | $82,420 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97304
Nearby schools
Schools provided by the listing agent
- Elementary: Brush College
- Middle: Straub
- High: West Salem
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Similar homes
- $1,099,9004 bd3 ba2.3k sqft6637 Rochester St NE, Brooks, OR 97305For Sale
MLS ID #842318, ANA SOLORIO ARREDONDO, Harcourts Lifestyle Realty. WVMLS - $995,0004 bd2 ba2.2k sqft3094 Perkins St NE, Salem, OR 97303For Sale
MLS ID #841459, JOHN AND SANDY VAN DYK, Paramount Real Estate Services. WVMLS - $650,0004 bd3 ba2.2k sqft1827 Mousebird Ave NW, Salem, OR 97304For Sale
MLS ID #844997, STEVE BROWN, Homesmart Realty Group. WVMLS - $563,0004 bd3 ba2.4k sqft2754 Inna Ave NW, Salem, OR 97304For Sale
MLS ID #845234, ZACH FISCHER, Windermere Heritage. WVMLS - $550,0004 bd2 ba2.6k sqft5130 7th Ave NE, Keizer, OR 97303For SaleMLS ID #845349, DAVE SMITH, Tradition Real Estate Partners. WVMLS
- $999,9755 bd3 ba2.1k sqft11255 Kroenig Rd, Amity, OR 97101For SaleMLS ID #842011, CHRISTINE KITES, Exp Realty, Llc. WVMLS
- $895,0005 bd3 ba2.7k sqft6816 Waconda Rd NE, Salem, OR 97305For SaleMLS ID #843251, ARIELLE HERNANDEZ, Sundance Realty Llc. WVMLS
- $555,0004 bd3 ba1.9k sqft2348 Teakwood Ave NW, Salem, OR 97304For SaleMLS ID #844140, LISA ANN SCHEIRMAN, Homesmart Realty Group - Monmouth. WVMLS
- $579,0004 bd3 ba2.2k sqft394 Golden Eagle St NW, Salem, OR 97304For SaleMLS ID #845151, RICHARD SCHAEFER, Right Price Real Estate Group. WVMLS
- $1,149,9994 bd2 ba2.2k sqft5704 Keene Rd NE, Gervais, OR 97026For SaleMLS ID #843234, JILLIAN SMITH, John L. Scott Real Estate. WVMLS
- $775,0007 bd3 ba2.1k sqft1923 Waymire St NW, Salem, OR 97304For SaleMLS ID #836668, ADRIANA GAVOZDEA, Premiere Property Group, Llc Albany. WVMLS
- $589,9004 bd3 ba2.6k sqft2369 Dalke Ridge Dr NW, Salem, OR 97304For SaleMLS ID #845158, KRISTI TOMLIN, Homesmart Realty Group. WVMLS
- $1,495,0004 bd3 ba2.7k sqft3600 Oak Grove Rd, Rickreall, OR 97371Active
MLS ID #388529723, Matthew Tackett, Premiere Property Group, LLC. RMLS (OR) - $789,0004 bd3 ba2.7k sqft2121 Davis Rd S, Salem, OR 97306For SaleMLS ID #845155, CONNIE BRESEE, Realty One Group Willamette Valley. WVMLS
- $635,0004 bd3 ba2.6k sqft2775 Wallace Hills Ct NW, Salem, OR 97304For SaleMLS ID #840224, DESTINY HALE, Harcourts Lifestyle Realty. WVMLS
- $949,0005 bd2 ba2k sqft5290 Caplinger Rd SE, Salem, OR 97317For SaleMLS ID #843183, ALFREDO URENA, John L. Scott-Salem. WVMLS
- $559,9005 bd3 ba2.7k sqft1175 Chelsea Ave NW, Salem, OR 97304For SaleMLS ID #838232, GREG and JUDY GYSIN, Premiere Property Group, Llc - South Salem. WVMLS
- $575,0005 bd3 ba2.5k sqft1904 Westport St NW, Salem, OR 97304For SaleMLS ID #842746, ALEJANDRO FERNANDEZ, Exp Realty, Llc. WVMLS
- $579,9004 bd3 ba2.2k sqft229 Hazelbrook Dr N, Keizer, OR 97303For SaleMLS ID #845034, JAKE LUCEY, Tradition Real Estate Partners. WVMLS
- $650,0004 bd3 ba2.6k sqft1387 Cathlamet Ct NW, Salem, OR 97304For SaleMLS ID #839477, NICOLE SHUBA, Manor Realty. WVMLS
