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1995 Wallace Road Northwest

1995 Wallace Road Northwest, Salem, OR 97304
House in West Salem
Refi Jul 30, 2021
Transfer
Owner
$408,500 by Quicken Loans Llc
Mortgage Due Aug 01, 2051
1995 Wallace Road Northwest has been categorized by the local assessors in Salem, OR as a residential type of property. The building on the property was first built in 2017 and is 7 years old. The home has a total of 8 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1995 Wallace Road Northwest has 1,288 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 37,121 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of wood siding. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $2,625 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2018. The property on 1995 Wallace Road Northwest was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $143,450. To break that down further, the land itself was valued at $62,040. While improvements to the property were assessed at a total of $81,410. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,414
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 37,121
  • Total Building Area: 3,584
  • Gross Building Area: 3,086
  • Building Area: 1,288
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,288
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.852
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ONE STORY W/ATTIC AND BASEMENT

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salem-Keizer School District 24J
  • Census Tract: 005205

Zoning

  • Zoning: RS

Geography

  • Assessors Map Reference: 07-3-16DB
  • Account Number: 311803
  • Parcel: 311803
  • Meridian: SEC 16 TWN 07S RNG 3W
  • Latitude: 44.9627
  • Longitude: -123.057

    Address

  • Full Address: 1995 Wallace Rd Nw
  • Address - House Number: 1995
  • Street Segment Direction: NW
  • Address - Street Name: Wallace
  • Address - Suffix Type: Rd
  • State: OR
  • City Name: Salem
  • Carrier Code: C010
  • 4-Digit Zip Code: 2119
  • Zip Code: 97304

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,625
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 3201

    Appraisal Valuation

  • Standard Deviation: 0.1456
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 437,163
  • High Value: 500,848
  • Low Value: 373,479

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $408,500
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Jul 30, 2021
  • First Open Lien Mortgage Loan Amount: $408,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $392,290
  • Market Land Value: $142,500
  • Market Improvement Value: $249,790

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $143,450
  • Assessed Land Value: $62,040
  • Assessed Improvements Value: $81,410

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Frequently Asked Questions

What neighborhood is 1995 Wallace Road Northwest located in?
The 1995 Wallace Road Northwest is a house located in the neighborhood of West Salem in West Salem, Salem.
What is the average sales price for listings in 1995 Wallace Road Northwest?
The average sales price for units in 1995 Wallace Road Northwest is $0 currently.

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