Last Sold Price
725,273 Lot Size16.65 Acres
5454 Wallace Rd NW, Salem, OR 97304

Description

Fantastic Willamette River frontage just six miles from Salem. 1000 feet of riverfront with two existing homes on two separate taxlots. Great opportunity to renovate existing dwellings or replace with a new home. Well, septic, power all existing. Interested parties to verify all information with the Polk County Planning Division. No warranties or guarantees made.Fantastic Willamette River frontage just six miles from Salem. 1000 feet of riverfront with two existing homes on two separate taxlots. Great opportunity to renovate existing dwellings or replace with a new home. Well, septic, power all existing. Interested parties to verify all information with the Polk County Planning Division. No warranties or guarantees made.
LISTING CLOSED: 06/30/2023 12:00 AM

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

Property Details for 5454 Wallace Road Northwest

Status
MLS #
22633359
Days on Market
26
Taxes
$1,732 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Farm
Year Built
-
Lot Size
16.65 AC
Zoning
EFU
View
River

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 5454 Wallace Road Northwest

Lot Size16.65 AC

Payment Calculator

$3,779 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,634

Property Taxes

$144

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5454 Wallace Road Northwest

Summary
Location and General Information
  • Country: US
  • Directions: 6.2 Miles North of Salem on Wallace Road (East Side) just 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
  • Tax Year: 2021
  • Tax Deferral: No
  • Tax Annual Amount: $1,731.87
  • Parcel Number: 265890
  • Parcel Number 2: 327884
  • Tax Legal Description: See Preliminary Title Report
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
  • Video Virtual Tour 2 Y/N: No
Property
Lot Information
  • Acres: 16.65
  • Lot Description: Private
  • Lot Size Square Feet: 725274.0
  • Lot Size Dimension: See plat map
  • Number Of Lots Total: 2
  • Current Use: Residential
  • Land Description: Rolling Slope
  • Lot Size Range: Acres10to20
  • Lot Size: 10 to 19.99 Acres
Property and Assessments
  • Property Sub Type: Farm Forest
  • Property Type: Land
  • Property Attached: No
Utilities
  • Utilities: Electricity Connected, Septic Tank, Well
Green Features
  • Green Certification: No
Interior and Exterior Features
Exterior Features
  • Existing Structures Y/N: Yes
  • Soil Condition: Native
  • Soil Type Classification: Native
  • Water Front Y/N: Yes
  • Waterfront Description: River Front
  • Water Name: Willamette River
  • Existing Structures Description: Barn, Residence, Shed, Storage
Interior Features
  • View Y/N: Yes
  • Cooling: No
  • Heating: No
Amenities
Amenities Information
  • Internet Service Type: Other

Property History for 5454 Wallace Road Northwest

DateEvent & SourcePriceAppreciation
Jun 13, 2023

Sold (Public Record)

Public Record #1513492417

$718,750
Jun 13, 2023

Sold (Public Record)

Public Record #1513492417

$718,750
DateEvent & SourcePrice
06/13/2023

Sold (Public Record)

Public Record #1513492417

$718,750
06/13/2023

Sold (Public Record)

Public Record #1513492417

$718,750

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

Public Records for 5454 Wallace Road Northwest

Taxable ValueLand$31,650Additions$145,950Total$177,600
Tax Record2025$1,956 ($163 / month)
Home Facts
Beds6Baths2Total Finished SqFt3,628 SqFtAbove Grade Finished SqFt3,100 SqFtFinished Basement SqFt528 SqFtUnfinished Basement SqFt720 SqFtStories1Lot Size43,560 SqFtStyleSingle Family ResidenceYear Built1937Year Renovated1937ZoningEFUCountyPOLKAPN265890

Schools near 5454 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: 5454 Wallace Road Northwest, Salem, OR 97304
$715,000
725,273
$419,900
3
3
1,914
569,329
4
2
2,848
442,570
$254,500
3
1,888
225,641
1
1,456
1,586,020
3
2
2,388
240,451

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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

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: 07/06/2023 10:06 AM