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1015 Terrace Dr; Salem, OR Property Details

1015 Terrace Dr, Salem, OR is a Single Family that was built in 1946. This property is currently Financed and is not for sale. Our records show that 1015 Terrace Dr has 4 bedrooms, and 1.5 bathrooms, and a total of 1,512 square feet. The lot size of 1015 Terrace Dr is 12,035 square feet.

Off market
1015 Terrace Dr NW Salem, OR 97304
$278,000 Listing Price
4 Beds
1.5 Baths
1,512 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1946
  • Purchase Price: $278,000
  • Est. Equity / %: $475,000 / 100%
  • Gross Yield: 6.647%
  • APN: 252485
  • Situs County: Polk
  • Length Of Ownership: 9 years, 6 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 8
  • Partial Bathrooms: 1

Structure

  • Stories: 1
  • Exterior Wall Type: Wood Siding
  • Roof Type: Gable
  • Roof Cover Type: Other
  • Sewer Type: Yes
  • Water Source: Municipal
  • Attic: true

Measurements

  • Total: 1,512/SqFt
  • Lot: 12,035/SqFt
  • Attic: 516/SqFt
  • Gross: 3,429/SqFt
  • Garage: 240/SqFt
  • Living: 1,512/SqFt
  • Basement: 1,161/SqFt
  • Building: 3,507/SqFt
  • Ground: 1,512/SqFt
  • Price Per Square Foot: $183.86

Legal Description

  • Description: ONE STORY W/ATTIC AND BASEMENT
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Salem-Keizer School District 24J
  • Lat / Lon: 44.948036 / -123.06595
  • Property Class: Residential
  • Zoning: RS
  • County Use Code: 101

Amenities

  • Plus Four: 3727
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Forced air unit
  • Parking: 1

Ownership Info

1015 Terrace Dr NW has no associated ownership info
1015 Terrace Dr NW has no associated ownership info.

Taxes

1015 Terrace Dr NW has 10 associated Taxes items

1015 Terrace Dr, Salem, OR pays taxes in Polk County, OR. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $223,520. The APN we've located for 1015 Terrace Dr is 252485.

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Taxes
  • Assessed Value:  $223,520
  • Assessed Year:  2026
  • Assessed County:  Polk
  • APN:  252485
  • Assessed Land Value:  54110
  • Market Land Value:  150000
  • Tax Amount:  4287.07
  • Tax Year:  2025
  • Market Value:  477890
  • Market Year:  2026

Tax History

1015 Terrace Dr NW has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $223,520 Land Value $54,110 Improvement Value $169,410 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $4,287.07 Change Rate +0.079739% Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $3,970.47 Change Rate +0.029854% Assessed CR Tax Rate
Year 2023 Assessed Value $204,560 Land Value $49,520 Improvement Value $155,040 Tax Amount $3,855.37 Change Rate +0.033052% Assessed CR Tax Rate +0.018847%
Year 2022 Assessed Value $198,610 Land Value $48,080 Improvement Value $150,530 Tax Amount $3,732.02 Change Rate +0.029372% Assessed CR Tax Rate +0.018791%
Year 2021 Assessed Value $192,830 Land Value $46,680 Improvement Value $146,150 Tax Amount $3,625.53 Change Rate +0.03056% Assessed CR Tax Rate +0.018802%
Year 2020 Assessed Value $187,220 Land Value $45,320 Improvement Value $141,900 Tax Amount $3,518.02 Change Rate +0.036187% Assessed CR Tax Rate +0.018791%
Year 2019 Assessed Value $181,770 Land Value $44,000 Improvement Value $137,770 Tax Amount $3,395.16 Change Rate +0.016856% Assessed CR Tax Rate +0.018678%
Year 2018 Assessed Value $176,480 Land Value $42,710 Improvement Value $133,770 Tax Amount $3,338.88 Change Rate +0.109627% Assessed CR Tax Rate +0.018919%
Year 2017 Assessed Value $171,340 Land Value $41,470 Improvement Value $129,870 Tax Amount $3,009.01 Change Rate +0.024441% Assessed CR Tax Rate +0.017562%
Year 2016 Assessed Value $166,350 Land Value $40,270 Improvement Value $126,080 Tax Amount $2,937.22 Change Rate -0.008436% Assessed CR Tax Rate +0.017657%
Year 2015 Assessed Value $161,510 Land Value $39,090 Improvement Value $122,420 Tax Amount $2,962.21 Change Rate +0.046566% Assessed CR Tax Rate +0.018341%
Year 2014 Assessed Value $156,810 Land Value $37,950 Improvement Value $118,860 Tax Amount $2,830.41 Change Rate Assessed CR Tax Rate +0.01805%