Unlock the opportunities this 36 acre property has to offer!The property features 20 acres of water rights w/ a 1946 priority date w/ top tier Cloquato & Woodburn Silt Loam Soils. This riverfront property off of the Lambert Slough & the Willamette River offer endless recreational opportunities from fishing, hunting, boating to almost any water sports. The existing 2200 SF home has the potential to be rehabbed or replaced/relocated to an outstanding view location overlooking the river and Cascade mountains.
Single-familyProperty Type
1988Year Built
36.19 acresLot Size
$409Est. Price/Sq.Ft.
1 car garageParking
Listed by Paul Terjeson• Keller Williams Realty Mid-Willamette
Listed by Steve Helms• Keller Williams Realty Mid-Willamette
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Earn from this home
Sell
$248,129
Est. take-home
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Rent
$2,523/mo
Redfin rental estimate
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Market trends in 97114, OR
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-list price
100.5%
+4.4% MoM
Median sale price
$490K
$24K MoM
Avg. days on market
25d
23 days MoM
Recently sold homes
5
1 MoM
Provided by Redfin
Sale history for 15005 SE Wallace Rd
Date
Event
Price
Greater Lansing AoR #823953
Mar 31, 2025
Sold
$840,000
$359/sq ft
Feb 17, 2025
Contingent
—
Dec 18, 2024
Listed
$875,000
$374/sq ft
+38
Unlock the opportunities this 36 acre property has to offer! The property features 20 acres of water rights w/ a 1946 priority date w/ top tier Cloquato & Woodburn Silt Loam Soils. This riverfront property off of the Lambert Slough & the Willamette River offer endless recreational opportunities from fishing, hunting, jet boating to almost any water sports. The existing 2200 SF home has potential to be rehabbed or replaced/relocated to an outstanding view location overlooking the river and Cascade mountains.
RMLS #24111801
Mar 31, 2025
Sold
$840,000
$359/sq ft
Feb 17, 2025
Pending
—
Dec 18, 2024
Listed
$875,000
$374/sq ft
MLSCO #220193738
Mar 31, 2025
Sold
$840,000
$359/sq ft
Feb 17, 2025
Pending
—
Dec 18, 2024
Listed
$875,000
$374/sq ft
+38
Unlock the opportunities this 36 acre property has to offer! The property features 20 acres of water rights w/ a 1946 priority date w/ top tier Cloquato & Woodburn Silt Loam Soils. This riverfront property off of the Lambert Slough & the Willamette River offer endless recreational opportunities from fishing, hunting, boating to almost any water sports. The existing 2200 SF home has the potential to be rehabbed or replaced/relocated to an outstanding view location overlooking the river and Cascade mountains.
Year
Property tax
Land + Additions
Assessment*
2025
$6,444 (+1.6%)
2024
$6,341
Tax history for 15005 SE Wallace Rd
Year
Property tax
Land + Additions
Assessment*
2025
$6,444 (+1.6%)
2024
$6,341
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
36.19 Acres
Year renovated
—
Sq. Ft.
4,180
Year built
1988
Style
Ranch
County
Yamhill County
APN
188585
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 26, 2026.
Nov 26, 2025 • Final
Residential electrical
Reconnect electrical service.
Electrical
Mar 20, 2024 • Final
Residential electrical
Reconnect electrical power.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.