Taxes
- Assessed Value: $196,450
- Assessed Year: 2025
- Assessed County: Marion
- APN: 588789
- Market Land Value: 137040
- Tax Amount: 3744.87
- Tax Year: 2024
- Market Value: 428540
- Market Year: 2025
1197 Palace Dr; Salem, OR Property Details
Off market
1197 Palace Dr NE Salem, OR 97301
$270,000 Listing Price
3 Beds
2 Baths
1,503 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1977
- Purchase Price: $270,000
- Open Loans / Balance: 1 / $170,685
- Est. Equity / %: $257,315 / 60.12%
- Gross Yield: 6.502%
- APN: 588789
- Situs County: Marion
- Length Of Ownership: 8 years, 3 months
Rooms
- Bedrooms: 3
- Bathrooms: 2
- Full Bathrooms: 2
Structure
- Stories: 1
- Roof Type: Gable
- Roof Cover Type: Roll Composition
Measurements
- Total: 1,503/SqFt
- Lot: 7,405/SqFt
- Gross: 1,986/SqFt
- Garage: 483/SqFt
- Living: 1,503/SqFt
- Building: 1,986/SqFt
- Ground: 1,503/SqFt
- Garage Finished: 483/SqFt
- Price Per Square Foot: $179.64
Legal Description
- Description: ROYALOAK ESTATES NO 3 IN SALEM BLOCK 15 LOT 14 ACRES .17
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: 44.945427 / -122.9678
- Subdivision: Royaloak Estates No 3 In Salem
- Property Class: Residential
- Zoning: RS
- County Use Code: 101
Amenities
- Plus Four: 3129
- Cooling: Central
- Fireplaces: 1
- Garage: Attached Garage
- Heating: Central
- Parking: 2
HOA
- H O A One Type: Planned Unit Development
Ownership Info
1197 Palace Dr NE has no associated ownership info
1197 Palace Dr NE has no associated ownership info.
Taxes
1197 Palace Dr NE has 9 associated Taxes items
1197 Palace Dr, Salem, OR pays taxes in Marion County, OR. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $196,450. The APN we've located for 1197 Palace Dr is 588789.
Unlock the full reportTax History
1197 Palace Dr NE has 12 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $196,450 | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2024 | Assessed Value $190,730 | Land Value | Improvement Value | Tax Amount $3,744.87 | Change Rate +0.030364% | Assessed CR | Tax Rate +0.019634% |
| Year 2023 | Assessed Value $185,180 | Land Value | Improvement Value | Tax Amount $3,634.51 | Change Rate +0.028779% | Assessed CR | Tax Rate +0.019627% |
| Year 2022 | Assessed Value $179,790 | Land Value | Improvement Value | Tax Amount $3,532.84 | Change Rate +0.029385% | Assessed CR | Tax Rate +0.01965% |
| Year 2021 | Assessed Value $174,560 | Land Value | Improvement Value | Tax Amount $3,431.99 | Change Rate +0.030018% | Assessed CR | Tax Rate +0.019661% |
| Year 2020 | Assessed Value $169,480 | Land Value | Improvement Value | Tax Amount $3,331.97 | Change Rate +0.036418% | Assessed CR | Tax Rate +0.01966% |
| Year 2019 | Assessed Value $164,550 | Land Value | Improvement Value | Tax Amount $3,214.89 | Change Rate +0.012988% | Assessed CR | Tax Rate +0.019537% |
| Year 2018 | Assessed Value | Land Value | Improvement Value | Tax Amount $3,173.67 | Change Rate +0.107974% | Assessed CR | Tax Rate |
| Year 2017 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,864.39 | Change Rate +0.049823% | Assessed CR | Tax Rate |
| Year 2016 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,728.45 | Change Rate -0.007504% | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,749.08 | Change Rate +0.033267% | Assessed CR | Tax Rate |
| Year 2014 | Assessed Value | Land Value | Improvement Value | Tax Amount $2,660.57 | Change Rate | Assessed CR | Tax Rate |