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954 Terrace Dr; Salem, OR Property Details

954 Terrace Dr, Salem, OR is a Single Family that was built in 1956. This property is currently Financed and is not for sale. Our records show that 954 Terrace Dr has 6 bedrooms, and 2 bathrooms, and a total of 1,340 square feet. The lot size of 954 Terrace Dr is 7,134 square feet.

Off market
954 Terrace Dr NW Salem, OR 97304
$490,000 Listing Price
6 Beds
2 Baths
1,340 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1956
  • Purchase Price: $475,000
  • Open Loans / Balance: 1 / $381,000
  • Est. Equity / %: $107,000 / 21.93%
  • Gross Yield: 6.92%
  • APN: 252328
  • Situs County: Polk
  • Length Of Ownership: 1 year, 5 months

Rooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 10

Structure

  • Stories: 1
  • Building Condition: Average
  • Roof Type: Hip
  • Roof Cover Type: Composition Shingle
  • Sewer Type: Yes
  • Water Source: Municipal

Measurements

  • Total: 1,340/SqFt
  • Lot: 7,134/SqFt
  • Gross: 3,160/SqFt
  • Garage: 440/SqFt
  • Living: 1,340/SqFt
  • Basement: 1,380/SqFt
  • Building: 3,160/SqFt
  • Ground: 1,340/SqFt
  • Price Per Square Foot: $354.48

Legal Description

  • Description: ONE STORY WITH 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: 44.946655 / -123.06624
  • Subdivision: Kingwood Terraces
  • Property Class: Residential
  • Zoning: RS
  • County Use Code: 101

Amenities

  • Plus Four: 3726
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Forced air unit
  • Parking: 2

Ownership Info

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

Taxes

954 Terrace Dr NW has 10 associated Taxes items

954 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 $239,230. The APN we've located for 954 Terrace Dr is 252328.

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Taxes
  • Assessed Value:  $239,230
  • Assessed Year:  2026
  • Assessed County:  Polk
  • APN:  252328
  • Assessed Land Value:  73350
  • Market Land Value:  155000
  • Tax Amount:  4588.58
  • Tax Year:  2025
  • Market Value:  511410
  • Market Year:  2026

Tax History

954 Terrace Dr NW has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $239,230 Land Value $73,350 Improvement Value $165,880 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $4,588.58 Change Rate +0.079727% Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $4,249.76 Change Rate +0.02986% Assessed CR Tax Rate
Year 2023 Assessed Value $218,950 Land Value $67,130 Improvement Value $151,820 Tax Amount $4,126.54 Change Rate +0.033048% Assessed CR Tax Rate +0.018847%
Year 2022 Assessed Value $212,580 Land Value $65,180 Improvement Value $147,400 Tax Amount $3,994.53 Change Rate +0.029388% Assessed CR Tax Rate +0.018791%
Year 2021 Assessed Value $206,390 Land Value $63,280 Improvement Value $143,110 Tax Amount $3,880.49 Change Rate +0.030595% Assessed CR Tax Rate +0.018802%
Year 2020 Assessed Value $200,380 Land Value $61,440 Improvement Value $138,940 Tax Amount $3,765.29 Change Rate +0.036157% Assessed CR Tax Rate +0.018791%
Year 2019 Assessed Value $194,550 Land Value $59,650 Improvement Value $134,900 Tax Amount $3,633.9 Change Rate +0.01686% Assessed CR Tax Rate +0.018678%
Year 2018 Assessed Value $188,890 Land Value $57,910 Improvement Value $130,980 Tax Amount $3,573.65 Change Rate +0.109619% Assessed CR Tax Rate +0.018919%
Year 2017 Assessed Value $183,390 Land Value $56,220 Improvement Value $127,170 Tax Amount $3,220.61 Change Rate +0.024432% Assessed CR Tax Rate +0.017562%
Year 2016 Assessed Value $178,050 Land Value $54,590 Improvement Value $123,460 Tax Amount $3,143.8 Change Rate -0.008434% Assessed CR Tax Rate +0.017657%
Year 2015 Assessed Value $172,870 Land Value $53,000 Improvement Value $119,870 Tax Amount $3,170.54 Change Rate +0.046552% Assessed CR Tax Rate +0.018341%
Year 2014 Assessed Value $167,840 Land Value $51,460 Improvement Value $116,380 Tax Amount $3,029.51 Change Rate Assessed CR Tax Rate +0.01805%