Taxes
- Assessed Value: $269,200
- Assessed Year: 2026
- Assessed County: Polk
- APN: 252443
- Assessed Land Value: 67660
- Market Land Value: 150000
- Tax Amount: 5163.23
- Tax Year: 2025
- Market Value: 581410
- Market Year: 2026
1040 Terrace Dr; Salem, OR Property Details
Off market
1040 Terrace Dr NW Salem, OR 97304
$355,000 Listing Price
4 Beds
2 Baths
2,360 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1947
- Purchase Price: $355,000
- Open Loans / Balance: 1 / $303,741
- Est. Equity / %: $212,259 / 41.14%
- Gross Yield: 6.233%
- APN: 252443
- Situs County: Polk
- Length Of Ownership: 6 years
Rooms
- Bedrooms: 4
- Bathrooms: 2
- Full Bathrooms: 2
- Total Rooms: 8
Structure
- Stories: 1.5
- Exterior Wall Type: Wood Siding
- Building Condition: Good
- Roof Type: Gable
- Roof Cover Type: Composition Shingle
- Sewer Type: Yes
- Water Source: Municipal
- Attic: true
- Deck: true
Measurements
- Total: 2,360/SqFt
- Lot: 9,209/SqFt
- Attic: 2,024/SqFt
- Gross: 3,755/SqFt
- Garage: 675/SqFt
- Living: 2,360/SqFt
- Basement: 720/SqFt
- Building: 3,755/SqFt
- Ground: 1,348/SqFt
- Attic Finished: 1,012/SqFt
- Price Per Square Foot: $150.42
Legal Description
- Description: ONE AND 1/2 STORY
Building Insights
Land Information
- Property Type: Single Family
- Flood Zone: AREA NOT INCLUDED / No Flood Zone
- School District: Salem-Keizer School District 24J
- Lat / Lon: 44.948246 / -123.064995
- Subdivision: Kingwood Terraces
- Property Class: Residential
- Zoning: RS
- County Use Code: 101
Amenities
- Plus Four: 3728
- Fireplaces: 1
- Garage: Garage
- Heating: Forced air unit
- Parking: 2
Ownership Info
1040 Terrace Dr NW has no associated ownership info
1040 Terrace Dr NW has no associated ownership info.
Taxes
1040 Terrace Dr NW has 10 associated Taxes items
1040 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 $269,200. The APN we've located for 1040 Terrace Dr is 252443.
Unlock the full reportTax History
1040 Terrace Dr NW has 13 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2026 | Assessed Value $269,200 | Land Value $67,660 | Improvement Value $201,540 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2025 | Assessed Value | Land Value | Improvement Value | Tax Amount $5,163.23 | Change Rate +0.079733% | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value | Land Value | Improvement Value | Tax Amount $4,781.95 | Change Rate +0.029891% | Assessed CR | Tax Rate |
| Year 2023 | Assessed Value $246,360 | Land Value $61,920 | Improvement Value $184,440 | Tax Amount $4,643.16 | Change Rate +0.033064% | Assessed CR | Tax Rate +0.018847% |
| Year 2022 | Assessed Value $239,190 | Land Value $60,120 | Improvement Value $179,070 | Tax Amount $4,494.55 | Change Rate +0.029373% | Assessed CR | Tax Rate +0.018791% |
| Year 2021 | Assessed Value $232,230 | Land Value $58,370 | Improvement Value $173,860 | Tax Amount $4,366.3 | Change Rate +0.03058% | Assessed CR | Tax Rate +0.018802% |
| Year 2020 | Assessed Value $225,470 | Land Value $56,670 | Improvement Value $168,800 | Tax Amount $4,236.74 | Change Rate +0.036156% | Assessed CR | Tax Rate +0.018791% |
| Year 2019 | Assessed Value $218,910 | Land Value $55,020 | Improvement Value $163,890 | Tax Amount $4,088.9 | Change Rate +0.016866% | Assessed CR | Tax Rate +0.018678% |
| Year 2018 | Assessed Value $212,540 | Land Value $53,420 | Improvement Value $159,120 | Tax Amount $4,021.08 | Change Rate +0.109625% | Assessed CR | Tax Rate +0.018919% |
| Year 2017 | Assessed Value $206,350 | Land Value $51,870 | Improvement Value $154,480 | Tax Amount $3,623.82 | Change Rate +0.024436% | Assessed CR | Tax Rate +0.017562% |
| Year 2016 | Assessed Value $200,340 | Land Value $50,360 | Improvement Value $149,980 | Tax Amount $3,537.38 | Change Rate -0.008421% | Assessed CR | Tax Rate +0.017657% |
| Year 2015 | Assessed Value $194,510 | Land Value $48,890 | Improvement Value $145,620 | Tax Amount $3,567.42 | Change Rate +0.046554% | Assessed CR | Tax Rate +0.018341% |
| Year 2014 | Assessed Value $188,850 | Land Value $47,460 | Improvement Value $141,390 | Tax Amount $3,408.73 | Change Rate | Assessed CR | Tax Rate +0.01805% |