Last Sold Price
3,571,920 Lot Size82 Acres
5435 Wallace Rd NW, Salem, OR 97304

Description

Excellent irrigated farm tract just north of Salem. Water rights from Willamette River with easement. Level with approximately 77 acres tillable. Existing homestead and Polk County indicates that a replacement dwelling will be allowed. Interested parties to verify with Polk County Planning Department - Seller does not warranty or guarantee buildability. Adjacent 16 ac riverfront parcel also available.Excellent irrigated farm tract just north of Salem. Water rights from Willamette River with easement. Level with approximately 77 acres tillable. Existing homestead and Polk County indicates that a replacement dwelling will be allowed. Interested parties to verify with Polk County Planning Department - Seller does not warranty or guarantee buildability. Adjacent 16 ac riverfront parcel also available.
LISTING CLOSED: 12/16/2022 12:00 AM

  1. Listed by Brett Veatch • Berkshire Hathaway HomeServices NW Real Estate

Property Details for 5435 Wallace Road Northwest

Status
MLS #
22475216
Days on Market
51
Taxes
$1,606 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Farm
Year Built
-
Lot Size
82.00 AC
Zoning
EFU
View
Territorial

Location

Listing Courtesy of Berkshire Hathaway HomeServices NW Real Estate

Sold By Berkshire Hathaway HomeServices NW Real Estate

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Building Information for 5435 Wallace Road Northwest

Lot Size82.00 AC

Payment Calculator

$5,725 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,591

Property Taxes

$134

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5435 Wallace Road Northwest

Summary
Location and General Information
  • Country: US
  • Directions: Approximate 6 miles north of Salem on West Side of Road, South of Lincoln
  • Road Frontage Y/N: Yes
  • Road Surface: Paved
School Information
  • Elementary School: Brush College
  • High School: West Salem
  • Middle Or Junior School: Walker
Parking
  • Attached Garage: No
Taxes and HOA
  • FIRPTA: No
  • HOA Y/N: No
  • Manufactured Home Allowed Y/N: Yes
  • Tax Year: 2021
  • Tax Deferral Desc: Farm
  • Tax Deferral: Yes
  • Tax Annual Amount: $1,605.86
  • Parcel Number: 265902
  • Tax Legal Description: See Preliminary Title Report
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
Property
Lot Information
  • Acres: 82.0
  • Additional Parcels Y/N: No
  • Lot Size Square Feet: 3571920.0
  • Lot Size Dimension: See Plat Map
  • Current Use: Agricultural
  • Land Description: Level
  • Lot Size Range: Acres50to100
  • Lot Size: 50 to 99.99 Acres
Property and Assessments
  • Property Sub Type: Farm Forest
  • Property Type: Land
  • Property Attached: No
Utilities
  • Utilities: Electricity Available, Irrigation Water Available
Green Features
  • Green Certification: No
Interior and Exterior Features
Exterior Features
  • Soil Condition: Native
  • Water Front Y/N: No
  • Existing Structures Description: Barn, Storage
Interior Features
  • View Y/N: Yes
  • Cooling: No
  • Heating: No
Amenities
Amenities Information
  • Internet Service Type: Other

Property History for 5435 Wallace Road Northwest

DateEvent & SourcePriceAppreciation
Dec 8, 2022

Sold (Public Record)

Public Record #1502896670

$1,100,000
Dec 8, 2022

Sold (Public Record)

Public Record #1502896670

$1,100,000
DateEvent & SourcePrice
12/08/2022

Sold (Public Record)

Public Record #1502896670

$1,100,000
12/08/2022

Sold (Public Record)

Public Record #1502896670

$1,100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5435 Wallace Road Northwest

Taxable ValueLand$72,240Additions-Total$72,240
Tax Record2025$820 ($68 / month)
Home Facts
Baths1Total Finished SqFt960 SqFtAbove Grade Finished SqFt960 SqFtStories2Lot Size3,571,920 SqFtStyleAgricultural / RuralYear Built1950ZoningEFUCountyPOLKAPN06332-00-00200

Schools near 5435 Wallace Road Northwest

This home is within Salem-Keizer School District 24j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 1 to 5
Rating
School
Distance
Brush College Elementary School
PublicK to 5

Straub Middle School
Public6 to 8

West Salem High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5435 Wallace Road Northwest, Salem, OR 97304
$1,100,000
3,571,920
$254,500
3
1,888
225,641
$508,000
3
1,635
1,805,997
$1,232,162
6,653,354
$715,000
725,273
1
1,456
1,586,020

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices NW Real Estate

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 12/27/2022 06:35 PM