Large Location Icon

996 Terrace Dr; Salem, OR Property Details

996 Terrace Dr, Salem, OR is a Single Family that was built in 1962. This property is currently Financed and is not for sale. Our records show that 996 Terrace Dr has 4 bedrooms, and 2 bathrooms, and a total of 2,104 square feet. The lot size of 996 Terrace Dr is 5,949 square feet.

Off market
996 Terrace Dr NW Salem, OR 97304
$305,000 Listing Price
4 Beds
2 Baths
2,104 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1962
  • Purchase Price: $305,000
  • Open Loans / Balance: 2 / $332,168
  • Est. Equity / %: $74,832 / 18.39%
  • Gross Yield: 7%
  • APN: 252360
  • Situs County: Polk
  • Length Of Ownership: 6 years, 2 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 9

Structure

  • Stories: 1
  • Exterior Wall Type: Wood
  • Building Condition: Good
  • Roof Type: Shed
  • Roof Cover Type: Other
  • Sewer Type: Yes
  • Water Source: Municipal
  • Deck: true

Measurements

  • Total: 2,104/SqFt
  • Lot: 5,949/SqFt
  • Gross: 2,104/SqFt
  • Garage: 446/SqFt
  • Living: 2,104/SqFt
  • Basement: 1,052/SqFt
  • Building: 2,104/SqFt
  • Ground: 1,052/SqFt
  • Basement Finished: 1,052/SqFt
  • Price Per Square Foot: $144.96

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: 44.94765 / -123.065575
  • Subdivision: Kingwood Terraces
  • Property Class: Residential
  • Zoning: RS
  • County Use Code: 101

Amenities

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

Ownership Info

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

Taxes

996 Terrace Dr NW has 10 associated Taxes items

996 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 $174,240. The APN we've located for 996 Terrace Dr is 252360.

Unlock the full report
Taxes
  • Assessed Value:  $174,240
  • Assessed Year:  2026
  • Assessed County:  Polk
  • APN:  252360
  • Assessed Land Value:  51160
  • Market Land Value:  150000
  • Tax Amount:  3342
  • Tax Year:  2025
  • Market Value:  436960
  • Market Year:  2026

Tax History

996 Terrace Dr NW has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $174,240 Land Value $51,160 Improvement Value $123,080 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $3,342 Change Rate +0.079695% Assessed CR Tax Rate
Year 2024 Assessed Value $164,250 Land Value $48,230 Improvement Value $116,020 Tax Amount $3,095.32 Change Rate +0.029872% Assessed CR Tax Rate +0.018845%
Year 2023 Assessed Value $159,470 Land Value $46,820 Improvement Value $112,650 Tax Amount $3,005.54 Change Rate +0.033059% Assessed CR Tax Rate +0.018847%
Year 2022 Assessed Value $154,830 Land Value $45,450 Improvement Value $109,380 Tax Amount $2,909.36 Change Rate +0.029323% Assessed CR Tax Rate +0.018791%
Year 2021 Assessed Value $150,330 Land Value $44,130 Improvement Value $106,200 Tax Amount $2,826.48 Change Rate +0.03055% Assessed CR Tax Rate +0.018802%
Year 2020 Assessed Value $145,960 Land Value $42,840 Improvement Value $103,120 Tax Amount $2,742.69 Change Rate +0.036178% Assessed CR Tax Rate +0.018791%
Year 2019 Assessed Value $141,710 Land Value $41,590 Improvement Value $100,120 Tax Amount $2,646.93 Change Rate +0.016842% Assessed CR Tax Rate +0.018678%
Year 2018 Assessed Value $137,590 Land Value $40,380 Improvement Value $97,210 Tax Amount $2,603.09 Change Rate +0.109563% Assessed CR Tax Rate +0.018919%
Year 2017 Assessed Value $133,590 Land Value $39,210 Improvement Value $94,380 Tax Amount $2,346.05 Change Rate +0.02444% Assessed CR Tax Rate +0.017562%
Year 2016 Assessed Value $129,700 Land Value $38,070 Improvement Value $91,630 Tax Amount $2,290.08 Change Rate -0.008465% Assessed CR Tax Rate +0.017657%
Year 2015 Assessed Value $125,930 Land Value $36,960 Improvement Value $88,970 Tax Amount $2,309.63 Change Rate +0.046507% Assessed CR Tax Rate +0.018341%
Year 2014 Assessed Value $122,270 Land Value $35,890 Improvement Value $86,380 Tax Amount $2,206.99 Change Rate Assessed CR Tax Rate +0.01805%