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992 Terrace Dr; Salem, OR Property Details

992 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 992 Terrace Dr has 3 bedrooms, and 2 bathrooms, and a total of 1,936 square feet. The lot size of 992 Terrace Dr is 6,771 square feet.

Off market
992 Terrace Dr NW Salem, OR 97304
$425,000 Listing Price
3 Beds
2 Baths
1,936 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1946
  • Purchase Price: $425,000
  • Open Loans / Balance: 1 / $407,232
  • Est. Equity / %: $-3,232 / -0.8%
  • Gross Yield: 6.725%
  • APN: 252357
  • Situs County: Polk
  • Length Of Ownership: 2 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 8

Structure

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

Measurements

  • Total: 1,936/SqFt
  • Lot: 6,771/SqFt
  • Gross: 1,936/SqFt
  • Living: 1,936/SqFt
  • Basement: 968/SqFt
  • Building: 1,936/SqFt
  • Ground: 968/SqFt
  • Basement Finished: 968/SqFt
  • Price Per Square Foot: $219.52

Legal Description

  • Description: ONE STORY WITH BASEMENT
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: 44.94741 / -123.065895
  • Subdivision: Kingwood Terrace
  • Property Class: Residential
  • Zoning: RS
  • County Use Code: 101

Amenities

  • Heating Fuel Type: Oil
  • Plus Four: 3726
  • Fireplaces: 1
  • Heating: Baseboard

Ownership Info

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

Taxes

992 Terrace Dr NW has 10 associated Taxes items

992 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 $142,730. The APN we've located for 992 Terrace Dr is 252357.

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Taxes
  • Assessed Value:  $142,730
  • Assessed Year:  2026
  • Assessed County:  Polk
  • APN:  252357
  • Assessed Land Value:  46200
  • Market Land Value:  150000
  • Tax Amount:  2737.71
  • Tax Year:  2025
  • Market Value:  384230
  • Market Year:  2026

Tax History

992 Terrace Dr NW has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $142,730 Land Value $46,200 Improvement Value $96,530 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $2,737.71 Change Rate +0.079726% Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $2,535.56 Change Rate +0.029807% Assessed CR Tax Rate
Year 2023 Assessed Value $130,640 Land Value $42,270 Improvement Value $88,370 Tax Amount $2,462.17 Change Rate +0.033045% Assessed CR Tax Rate +0.018847%
Year 2022 Assessed Value $126,840 Land Value $41,040 Improvement Value $85,800 Tax Amount $2,383.41 Change Rate +0.02936% Assessed CR Tax Rate +0.018791%
Year 2021 Assessed Value $123,150 Land Value $39,850 Improvement Value $83,300 Tax Amount $2,315.43 Change Rate +0.03055% Assessed CR Tax Rate +0.018802%
Year 2020 Assessed Value $119,570 Land Value $38,690 Improvement Value $80,880 Tax Amount $2,246.79 Change Rate +0.036165% Assessed CR Tax Rate +0.018791%
Year 2019 Assessed Value $116,090 Land Value $37,570 Improvement Value $78,520 Tax Amount $2,168.37 Change Rate +0.016868% Assessed CR Tax Rate +0.018678%
Year 2018 Assessed Value $112,710 Land Value $36,480 Improvement Value $76,230 Tax Amount $2,132.4 Change Rate +0.109608% Assessed CR Tax Rate +0.018919%
Year 2017 Assessed Value $109,430 Land Value $35,410 Improvement Value $74,020 Tax Amount $1,921.76 Change Rate +0.029452% Assessed CR Tax Rate +0.017562%
Year 2016 Assessed Value $106,250 Land Value $34,380 Improvement Value $71,870 Tax Amount $1,866.78 Change Rate +0.069396% Assessed CR Tax Rate +0.01757%
Year 2015 Assessed Value $96,450 Land Value $40,590 Improvement Value $55,860 Tax Amount $1,745.64 Change Rate +0.046051% Assessed CR Tax Rate +0.018099%
Year 2014 Assessed Value $93,350 Land Value $40,590 Improvement Value $52,760 Tax Amount $1,668.79 Change Rate Assessed CR Tax Rate +0.017877%