Google street view image for 3431 Wallace Rd NW, Salem, OR 97304

Off Market Apr 2000 for $115K

$358,292

Est. refi paymentEst. refi $557/mo

—

•

— ba

•

1,008

sq ft

3431 Wallace Rd NW, Salem, OR 97304

About this home

3431 Wallace Rd NW is a 1,008 square foot house on a 1 acre lot. - it last sold on April 25, 2000 for $115,000. Based on Redfin's Salem data, we estimate the home's value is $358,292.

Single-familyProperty Type

1969Year Built

1 acresLot Size

$355Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$358,292

$243K since sold in April 2000$11K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 4.2% lower than the average sale price ($374K) of 5 comparable homes.

SOLD AUG 5, 2026
$351,850
A
2 beds2 baths1,272 sq ft
3274 Oakcrest Dr NW, Salem, OR 97304
SOLD APR 15, 2026
$363,677
B
2 beds2 baths1,203 sq ft
2025 Banyan Ct NW, Salem, OR 97304
SOLD JUN 8, 2026
$478,000
C
3 beds2 baths1,457 sq ft
3218 Oakcrest Dr NW, Salem, OR 97304
SOLD MAY 21, 2026
$308,800
D
2 beds1 bath1,049 sq ft
1694 Sunrise Cir NW, Salem, OR 97304
SOLD APR 27, 2026
$367,500
E
2 beds2 baths1,049 sq ft
1778 Nut Tree Dr NW, Salem, OR 97304

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Earn from this home

Sell

$317,641

Est. take-home

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Refinance

Est. cash available

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Market trends in 97304, OR

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.9%

0.1% MoM

Median sale price

$510K

$9K MoM

Avg. days on market

70d

5 days MoM

Recently sold homes

110

3 MoM

New listings for sale

$550,000
3 beds2.5 baths2,250 sq ft
2610 Tyler Ct NW, Salem, OR 97301
$399,900
2 beds2 baths1,272 sq ft
1986 Pecan Ct, Salem, OR 97304
$450,000
3 beds2 baths1,478 sq ft
875 Jev Ct, Salem, OR 97304
Jana Fogg • Keller Williams Capital City
$539,900
4 beds2.5 baths2,110 sq ft
3065 Elliot St NW, Salem, OR 97304
$374,990
2 beds2 baths2,630 sq ft
1853 Woodstock Cir NW, Salem, OR 97304
Angel Williams • Equity Oregon Real Estate
$624,900
4 beds3 baths2,909 sq ft
2321 Banyonwood Ave NW, Salem, OR 97304
$395,000
3 beds2 baths1,372 sq ft
1210 River Bend Rd, Salem, OR 97304
Nereyda Aguirre Aguirre • eXp Realty, LLC
$640,000
3 beds3 baths2,571 sq ft
3173 Garrett St, Salem, OR 97304
Nereyda Aguirre Aguirre • eXp Realty, LLC
$359,000
2 beds2 baths1,250 sq ft
1565 3rd St NW, Salem, OR 97304
OPEN FRI, 4PM TO 6PM
$514,900
4 beds2 baths2,625 sq ft
1973 Summit Ave NW, Salem, OR 97304
See all

Provided by Redfin

Sale history for 3431 Wallace Rd NW

Year

Property tax

Land + Additions

Assessment*

2025

$5,301 (+8.0%)

$109,230 + $159,090

$268,320

2024

$4,909 (+3.0%)

$106,050 + $154,460

$260,510

2023

$4,767 (+3.3%)

$102,960 + $149,970

$252,930

2022

$4,614 (+2.9%)

$99,960 + $145,610

$245,570

2021

$4,483 (+3.1%)

$97,050 + $141,370

$238,420

2020

$4,350 (+3.6%)

$94,220 + $137,260

$231,480

2019

$4,198 (+5.6%)

$91,470 + $133,270

$224,740

2018

$3,977 (+10.7%)

$86,330 + $125,380

$211,710

2017

$3,592 (+8.2%)

$84,380 + $122,040

$206,420

2016

$3,320 (+3.2%)

$67,380 + $122,520

$189,900

2014

$3,216 (+1.7%)

$65,500 + $114,400

$179,900

2013

$3,161 (−16.8%)

$62,380 + $112,830

$175,210

2012

$3,797 (+58.5%)

$86,880 + $122,360

$209,240

2011

$2,396 (+1.5%)

$88,810 + $129,390

$218,200

2010

$2,361 (+0.7%)

$86,220 + $125,630

$211,850

2008

$2,345

$83,700 + $121,980

$205,680

Tax history for 3431 Wallace Rd NW

Year

Property tax

Land + Additions

Assessment*

2025

$5,301 (+8.0%)

$109,230 + $159,090

$268,320

2024

$4,909 (+3.0%)

$106,050 + $154,460

$260,510

2023

$4,767 (+3.3%)

$102,960 + $149,970

$252,930

2022

$4,614 (+2.9%)

$99,960 + $145,610

$245,570

2021

$4,483 (+3.1%)

$97,050 + $141,370

$238,420

2020

$4,350 (+3.6%)

$94,220 + $137,260

$231,480

2019

$4,198 (+5.6%)

$91,470 + $133,270

$224,740

2018

$3,977 (+10.7%)

$86,330 + $125,380

$211,710

2017

$3,592 (+8.2%)

$84,380 + $122,040

$206,420

2016

$3,320 (+3.2%)

$67,380 + $122,520

$189,900

2014

$3,216 (+1.7%)

$65,500 + $114,400

$179,900

2013

$3,161 (−16.8%)

$62,380 + $112,830

$175,210

2012

$3,797 (+58.5%)

$86,880 + $122,360

$209,240

2011

$2,396 (+1.5%)

$88,810 + $129,390

$218,200

2010

$2,361 (+0.7%)

$86,220 + $125,630

$211,850

2008

$2,345

$83,700 + $121,980

$205,680

*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

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

Aug 10, 2014 • Final

Residential electrical

Replace an existing manufactured home with a new manufactured home and connect it to the existing septic system. The original dwelling must be removed, demolished, or converted to a non-residential use.

Demolition

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

Exterior

Exterior Information
Building Type: Agricultural Building

Property Information
Subdivision Name: PARTITION 2000-0009
Building Sq. Ft: 1,008
Legal Description: PARTITION PLAT 2000-0009

Lot Information
# of Buildings: 3
Land Sq. Ft: 43,560
Legal Lot Number: 1
Acres: 1
Zoning Code: RS
State Use Description: RESID/IMPROVED

Utility Information
Water Service Type: Public

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: —
Baths: —
Sq. Ft.: 1,008
Stories: —
Lot Size: 1 acres
Style: Single Family Residential
Year Built: 1969
Year Renovated: 1969
County: Polk County
APN: 314437

Home facts updated by county records on Sep 2, 2026

Around this home

Schools

Brush College Elementary School

Public K-5 • Assigned • 0.7mi

7/10

Straub Middle School

Public 6-8 • Assigned • 1.4mi

5/10

West Salem High School

Public 9-12 • Assigned • 1.6mi

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)

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

$341,000 – $413,000

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Home values near 3431 Wallace Rd NW

Data from public records.

Address	Redfin Estimate
3421 Wallace Rd NW, Salem, OR 3 Beds \| 1.5 Baths \| 1477 Sq. Ft.	$436,068
2185 Rogers Ln NW, Salem, OR 4 Beds \| 2.5 Baths \| 1706 Sq. Ft.	$455,439

Address	Redfin Estimate
3411 Wallace Rd NW, Salem, OR 3 Beds \| 1.5 Baths \| 1657 Sq. Ft.	$423,685
2195 Rogers Ln NW, Salem, OR 4 Beds \| 2.5 Baths \| 2483 Sq. Ft.	$557,652

Address	Redfin Estimate
3461 Wallace Rd NW, Salem, OR 3 Beds \| 2 Baths \| 1901 Sq. Ft.	$415,807
2145 Rogers Ln NW, Salem, OR 2 Beds \| 1 Baths \| 1201 Sq. Ft.	$323,082

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GreatSchools Ratings provided by GreatSchools.org.

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