1485 Wallace Rd NW is a 1,924 square foot house on a 0.4 acre lot with 5 bedrooms and 1 bathroom. Based on Redfin's Salem data, we estimate the home's value is $407,132.
Single-familyProperty Type
1946Year Built
0.4 acresLot Size
$212Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$407,132
$7,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 13% lower than the average sale price ($468K) of 5 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$3,917 (+8.0%)
$56,520 + $141,740
$198,260
2024
$3,627 (+3.0%)
$54,870 + $137,620
$192,490
2023
$3,522 (+3.3%)
$53,270 + $133,620
$186,890
2022
$3,410 (+2.9%)
$51,720 + $129,730
$181,450
2021
$3,312 (+3.1%)
$50,210 + $125,960
$176,170
2020
$3,214 (+3.6%)
$48,750 + $122,290
$171,040
2019
$3,102 (+1.7%)
$47,330 + $118,730
$166,060
2018
$3,050 (+11.0%)
$45,950 + $115,280
$161,230
2017
$2,749 (+2.5%)
$44,610 + $111,930
$156,540
2016
$2,683 (+3.8%)
$43,310 + $108,680
$151,990
2014
$2,586 (+2.0%)
$40,830 + $102,450
$143,280
2013
$2,534 (+2.5%)
$39,640 + $99,470
$139,110
2012
$2,472 (+4.5%)
$38,480 + $96,580
$135,060
2011
$2,365 (+4.4%)
$37,360 + $93,770
$131,130
2010
$2,266 (+1.4%)
$36,270 + $91,050
$127,320
2008
$2,234
$35,220 + $88,400
$123,620
Tax history for 1485 Wallace Rd NW
Year
Property tax
Land + Additions
Assessment*
2025
$3,917 (+8.0%)
$56,520 + $141,740
$198,260
2024
$3,627 (+3.0%)
$54,870 + $137,620
$192,490
2023
$3,522 (+3.3%)
$53,270 + $133,620
$186,890
2022
$3,410 (+2.9%)
$51,720 + $129,730
$181,450
2021
$3,312 (+3.1%)
$50,210 + $125,960
$176,170
2020
$3,214 (+3.6%)
$48,750 + $122,290
$171,040
2019
$3,102 (+1.7%)
$47,330 + $118,730
$166,060
2018
$3,050 (+11.0%)
$45,950 + $115,280
$161,230
2017
$2,749 (+2.5%)
$44,610 + $111,930
$156,540
2016
$2,683 (+3.8%)
$43,310 + $108,680
$151,990
2014
$2,586 (+2.0%)
$40,830 + $102,450
$143,280
2013
$2,534 (+2.5%)
$39,640 + $99,470
$139,110
2012
$2,472 (+4.5%)
$38,480 + $96,580
$135,060
2011
$2,365 (+4.4%)
$37,360 + $93,770
$131,130
2010
$2,266 (+1.4%)
$36,270 + $91,050
$127,320
2008
$2,234
$35,220 + $88,400
$123,620
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
RS
Single Family Residential Zone
The purpose of the Single Family Residential (RS) Zone is to implement the single family residential designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. The RS zone generally allows single family, two family, three family, and four family residential uses, along with a mix of other uses that are compatible with and/or provide support and services to the residential area.
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure
Library
Ground transport
Park & open space
Aug 10, 2014 • Final
Residential electrical
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.
Property details
Interior
Basement Information
Basement Sq. Ft: 1,014
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Type: Forced Air
Room Information
# of Rooms: 9
Exterior
Exterior Information
Physical Condition: Average
Foundation Type: Concrete
Building Style Type: Multi-Level
Building Type: Residential
Property Information
Subdivision Name: TULIP FARM HOMES
Living Sq. Ft: 1,924
Ground Floor Sq. Ft: 1,222
Building Sq. Ft: 2,938
# of Stories: 1
Stories Type: 1 Story With Basement
Legal Description: TULIP FARM HOMES
Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 440
Garage / Carport Type: Detached
Lot Information
# of Buildings: 1
Land Sq. Ft: 17,317
Legal Lot Number: 4
Acres: 0.3975
Zoning Code: RS
State Use Description: RESID/IMPROVED
Utility Information
Water Service Type: Public
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 5
Baths: 1.0
Sq. Ft.: 1,924
Stories: 1.0
Lot Size: 0.4 acres
Style: Single Family Residential
Year Built: 1946
Year Renovated: 1995
County: Polk County
APN: 244273
Home facts updated by county records on Sep 2, 2026
Around this home
Schools
Harritt Elementary School
Public K-5 • Assigned • 0.7mi
5/10
Walker Middle School
Public 6-8 • Assigned • 0.7mi
4/10
West Salem High School
Public 9-12 • Assigned • 1.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
12 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Salem, OR • 97304
Average low and high temperatures (°F)
46
34
48
36
55
41
63
42
68
46
75
51
82
54
83
57
76
53
62
44
51
41
48
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.9 hours in
June and 2.1 hours in December, placing it below the
U.S. average for solar exposure.
9.9 hrs
2.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$387,000 – $469,000
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