Taxes
- Assessed Value: $343,140
- Assessed Year: 2026
- Assessed County: Polk
- APN: 251532
- Assessed Land Value: 68650
- Market Land Value: 145650
- Tax Amount: 6581.48
- Tax Year: 2025
- Market Value: 590980
- Market Year: 2026
1055 Terrace Dr; Salem, OR Property Details
Off market
1055 Terrace Dr NW Salem, OR 97304
$355,050 Listing Price
3 Beds
2.5 Baths
1,849 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Trust
- Owner Status: Trust
- Year Built: 2009
- Purchase Price: $65,000
- Open Loans / Balance: 1 / $188,990
- Est. Equity / %: $429,010 / 69.42%
- Gross Yield: 5.93%
- APN: 251532
- Situs County: Polk
- Length Of Ownership: 5 years, 9 months
Rooms
- Bedrooms: 3
- Bathrooms: 2.5
- Full Bathrooms: 2
- Total Rooms: 8
- Partial Bathrooms: 1
Structure
- Stories: 2
- Exterior Wall Type: Concrete
- Building Condition: Average
- Roof Type: Gable
- Roof Cover Type: Composition Shingle
- Sewer Type: Yes
- Water Source: Municipal
- Deck: true
Measurements
- Total: 1,849/SqFt
- Lot: 18,801/SqFt
- Gross: 3,587/SqFt
- Garage: 514/SqFt
- Living: 1,849/SqFt
- Basement: 1,224/SqFt
- Building: 3,587/SqFt
- Ground: 1,266/SqFt
- Price Per Square Foot: $35.15
Legal Description
- Description: KINGWOOD TERRACES. LOT 5 BLOCK 3
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: 44.948948 / -123.06519
- Subdivision: Kingwood Terraces.
- Property Class: Residential
- Zoning: RS
- County Use Code: 101
Amenities
- Plus Four: 3727
- Cooling: Yes
- Fireplaces: 1
- Garage: Garage
- Heating: Forced air unit
- Parking: 2
Ownership Info
1055 Terrace Dr NW has no associated ownership info
1055 Terrace Dr NW has no associated ownership info.
Taxes
1055 Terrace Dr NW has 10 associated Taxes items
1055 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 $343,140. The APN we've located for 1055 Terrace Dr is 251532.
Unlock the full reportTax History
1055 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 $343,140 | Land Value $68,650 | Improvement Value $274,490 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2025 | Assessed Value | Land Value | Improvement Value | Tax Amount $6,581.48 | Change Rate +0.079737% | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $323,450 | Land Value $64,710 | Improvement Value $258,740 | Tax Amount $6,095.45 | Change Rate +0.029894% | Assessed CR | Tax Rate +0.018845% |
| Year 2023 | Assessed Value $314,030 | Land Value $62,830 | Improvement Value $251,200 | Tax Amount $5,918.52 | Change Rate +0.033066% | Assessed CR | Tax Rate +0.018847% |
| Year 2022 | Assessed Value $304,890 | Land Value $61,000 | Improvement Value $243,890 | Tax Amount $5,729.08 | Change Rate +0.029394% | Assessed CR | Tax Rate +0.018791% |
| Year 2021 | Assessed Value $296,010 | Land Value $59,230 | Improvement Value $236,780 | Tax Amount $5,565.49 | Change Rate +0.030587% | Assessed CR | Tax Rate +0.018802% |
| Year 2020 | Assessed Value $287,390 | Land Value $57,510 | Improvement Value $229,880 | Tax Amount $5,400.31 | Change Rate +0.036202% | Assessed CR | Tax Rate +0.018791% |
| Year 2019 | Assessed Value $279,020 | Land Value $55,830 | Improvement Value $223,190 | Tax Amount $5,211.64 | Change Rate +0.016866% | Assessed CR | Tax Rate +0.018678% |
| Year 2018 | Assessed Value $270,900 | Land Value $54,200 | Improvement Value $216,700 | Tax Amount $5,125.2 | Change Rate +0.109624% | Assessed CR | Tax Rate +0.018919% |
| Year 2017 | Assessed Value $263,010 | Land Value $52,630 | Improvement Value $210,380 | Tax Amount $4,618.86 | Change Rate +0.024435% | Assessed CR | Tax Rate +0.017562% |
| Year 2016 | Assessed Value $255,350 | Land Value $51,100 | Improvement Value $204,250 | Tax Amount $4,508.69 | Change Rate -0.008423% | Assessed CR | Tax Rate +0.017657% |
| Year 2015 | Assessed Value $247,920 | Land Value $49,610 | Improvement Value $198,310 | Tax Amount $4,546.99 | Change Rate +0.046582% | Assessed CR | Tax Rate +0.018341% |
| Year 2014 | Assessed Value $240,700 | Land Value $48,160 | Improvement Value $192,540 | Tax Amount $4,344.61 | Change Rate | Assessed CR | Tax Rate +0.01805% |