SOLD SEP 30, 2026

Listed by GLADYS BLUM • BLUM REAL ESTATE (Direc: 503-485-1900). Bought with NON-MEMBER SALE.

Sold on sep 2026

$2,136,400

•

4,675

sq ft

4698 Wallace Rd NW, Salem, OR 97304

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About this home

Rare Riverfront Estate in the Heart of Wine Country...Welcome to River Cove Farm! Truly a one-of-a-kind riverfront estate in the Willamette Valley wine country, just minutes from downtown Salem. Set on 19.05 lush acres with Willamette River frontage and a private cove for boat tie-up, this gated property offers abundant privacy and natural beauty. Flexible living areas throughout the property are well-suited for remote work, multi-generational living, or simply spreading out in comfort.

Single-familyProperty Type

1998Year Built

19.05 acresLot Size

$457Price/Sq.Ft.

2 car garageParking

Listed by GLADYS BLUM • BLUM REAL ESTATE

Listed by TROY BLUM • BLUM REAL ESTATE

Contact: Direc: 503-485-1900

Bought with NON-MEMBER SALE

Redfin checked: 2 minutes ago

•Source:WVMLS #828382

Redfin Estimate

$2,311,907

$176K since sold in September 2026$351K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 270.4% higher than the average sale price ($624K) of 6 comparable homes.

SOLD OCT 16, 2026
$599,000
A
4 beds3.5 baths2,943 sq ft
2255 Ellen Ln NW, Salem, OR 97304
Listing provided by wvmls
SOLD JUL 30, 2026
$670,000
B
4 beds3.5 baths3,445 sq ft
986 Henning Way N, Keizer, OR 97303
Listing provided by wvmls
SOLD SEP 22, 2026
$715,000
C
3 beds2.5 baths2,409 sq ft
4669 Tate Ave N, Keizer, OR 97303
Listing provided by wvmls
SOLD OCT 8, 2026
$610,000
D
3 beds2.5 baths2,665 sq ft
915 Irwin Ct NE, Keizer, OR 97303
Listing provided by wvmls
SOLD JUN 15, 2026
$651,111
E
5 beds4 baths3,562 sq ft
1560 N Chemawa Rd, Keizer, OR 97303
SOLD JUL 29, 2026
$500,000
F
4 beds3 baths1,812 sq ft
1492 Hunter Ave N, Keizer, OR 97303

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Market trends in 97304, OR

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

100.1%

+0.4% MoM

Median sale price

$499K

$10K MoM

Avg. days on market

69d

2 days MoM

Recently sold homes

122

2 MoM

New listings for sale

$559,900
4 beds3 baths3,055 sq ft
1387 Windsong Ct, Salem, OR 97304
Brian Smith • HomeSmart Realty Group
$385,000
3 beds2 baths1,192 sq ft
2645 Citrus Pl NW, Salem, OR 97304
$585,000
4 beds3 baths2,406 sq ft
1372 Overview St NW, Salem, OR 97304
Jillian Slezak • Realty One Group Willamette Valley
$429,000
3 beds2 baths2,066 sq ft
1645 Fair Oaks Way NW, Salem, OR 97304
$389,900
3 beds2 baths1,574 sq ft
891 Whitetail Deer St, Salem, OR 97304
Amy Walsh • Keller Williams PDX Central
VIDEO TOUR
$1,200,000
5 beds3.5 baths3,164 sq ft
4725 Eola Dr NW, Salem, OR 97304
$499,000
3 beds2 baths1,982 sq ft
545 Cascade Dr NW, Salem, OR 97304
3D WALKTHROUGH
$515,000
3 beds2 baths2,020 sq ft
2145 Banyonwood Ave NW, Salem, OR 97304
Ashleigh Fordham • Windermere Heritage
$435,000
4 beds3 baths1,743 sq ft
995 Jev Ct, Salem, OR 97304
Francisco Garcia • Coldwell Banker Mountain West
$339,900
2 beds1 bath1,056 sq ft
1375 Ruge St, Salem, OR 97304
Jolie Richards • Soldera Properties, Inc
See all

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Sale and tax history for 4698 Wallace Rd NW

Sale History
Tax History

Date

Event

Price

MLSCO #220209645

Sep 30, 2026

Sold

$2,136,400

$457/sq ft

Aug 3, 2026

Pending

—

Sep 23, 2025

Listed

$2,500,000

$535/sq ft

+109

Rare Riverfront Property - Welcome to River Cove Farm! Nestled in the heart of Willamette Valley wine country & just minutes from downtown Salem, this one-of-a-kind estate offers a rare blend of lush acreage, Willamette River frontage, & breathtaking views. A gated entry opens to a long, paved driveway leading to this gorgeous Georgian-style home, which exudes elegance throughout. Spanning 19.05 acres, the property also has a cottage, barn, pastures, fruit trees, private beach & cove! The main level primary suite features a cozy fireplace and ensuite bathroom, ensuring comfort and luxury. A library with built-ins and a majestic living room provide stunning views. The elegant kitchen and formal dining room are perfect for hosting memorable gatherings. The expansive game/recreation room includes a kitchenette and full bathroom, ideal for entertaining guests. Enjoy the tranquility of the Willamette River frontage, complete with a private beach and a cove for boat tie-up.

WVMLS #828382

Oct 2, 2026

Listing Removed

—

Sep 30, 2026

Sold

$2,136,400

$457/sq ft

Jul 29, 2026

Contingent

—

May 1, 2025

Listed

$2,500,000

$535/sq ft

MLSCO #220207349

Sep 15, 2025

Listing Removed

—

Aug 8, 2025

Listed

$2,500,000

$535/sq ft

Public Records

Oct 22, 2012

Sold

$1,175,000

$251/sq ft

WVMLS #650408

Oct 23, 2012

Listing Removed

—

Oct 22, 2012

Sold

$1,175,000

$251/sq ft

Oct 9, 2012

Pending

—

Sep 20, 2012

Listing Removed

—

Aug 21, 2012

Contingent

—

Mar 20, 2012

Listed

$1,275,000

$273/sq ft

WVMLS #640163

Nov 28, 2011

Listing Removed

—

Apr 29, 2011

Listed

$1,275,000

$273/sq ft

Public Records

Oct 15, 1993

Sold

$155,000

$33/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$9,772 (+5.5%)

$387,910 + $473,350

$861,260

2024

$9,260 (+2.4%)

$376,620 + $439,780

$816,400

2023

$9,044 (+8.9%)

$365,650 + $426,980

$792,630

2022

$8,302 (+3.3%)

$354,980 + $377,240

$732,220

2021

$8,035 (+2.9%)

$344,640 + $366,260

$710,900

2020

$7,810 (+3.9%)

$334,600 + $355,600

$690,200

2019

$7,518 (+1.8%)

$324,870 + $345,230

$670,100

2018

$7,383 (+15.6%)

$315,410 + $335,180

$650,590

2017

$6,389 (+0.6%)

$306,229 + $325,420

$631,649

2016

$6,349 (+3.7%)

$297,320 + $315,940

$613,260

2014

$6,124 (+4.1%)

$280,250 + $297,810

$578,060

2013

$5,885 (+2.5%)

$272,090 + $271,500

$543,590

2012

$5,739 (+9.6%)

$264,170 + $263,590

$527,760

2011

$5,237 (+5.3%)

$256,470 + $236,750

$493,220

2010

$4,973 (+0.5%)

$249,000 + $229,860

$478,860

2008

$4,947

$241,740 + $223,180

$464,920

Public record

Public record
Permits

Beds

Baths

4.5

Stories

Lot width

—

Lot depth

—

Lot size

19.05 Acres

Year renovated

—

Sq. Ft.

5,095

Year built

1998

Style

Other

County

Polk County

APN

266024

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 7, 2026.

Aug 10, 2014 • Final

Residential plumbing

Construct a master bedroom addition onto an existing residential building.

Addition

Plumbing

Aug 10, 2014 • Final

Residential mechanical

Construct an addition onto an existing dwelling to be used as a common gathering space.

Addition

HVAC

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

Parking

Parking Information
# of Garage Spaces: 2
Attached Garage

Interior

Virtual Tour

Bedroom Information
Master Bedroom Level: Main
Master Bedroom Dimensions: 21.3x16.5
Bedroom #2 Level: Upper
Bedroom #2 Dimensions: 14.8x14.3
Bedroom #3 Level: Main
Bedroom #3 Dimensions: 18x14
Bedroom #4 Level: Main
Bedroom #4 Dimensions: 19x14

Bathroom Information
# of Bathrooms (Full): 5
# of Bathrooms (Half): 2

Room Levels
Kitchen: Main
Dining Room: Main
Living Room: Main
Family Room: Main
Additional Room: Upper
Utility Room: Main

Room Dimensions
Bonus Rooms: Mudroom, Office, Rec Room
Kitchen: 22x14
Dining Room: 15.4x14.2
Living Room: 35.4x19.4
Family Room: 29x14.3
Utility Room: 15x12

Additional Rooms
Dining: Area (Combination), Formal

Appliances
Dishwasher: Yes
Range Type: Built-in, Convection, Electric, Gas, Microwave Included, Propane

Interior Features
Fireplace: Living Room, Other Room, Propane, Wood
Flooring: Carpet, Wood, Laminate, Tile
High Speed Communication: Available

Heating & Cooling
Electric, Solar, Heat Pump, Hot Water

Exterior

Exterior Features
Fenced: Yes
Foundation: Continuous
Landscape: Yes
Covered Deck, Covered Patio, Deck, Patio
Roof: Composition
Siding: Cedar
Underground Sprinkles: Yes

Building Information
Outbuildings: Barn, Other (Refer to Remarks), Shed, Separate Shop
Siding Style: Lap
Year Built: 1998

Property Features
Handicap Amenities: Yes (Refer to Remarks)
Security System: Owned

Lot Information
Lot Type: Irregular
Suitable Use: Agribusiness, Pasture/Ranch
Sq. Ft.: 829,818
Acres: 19.05

Property Information
HOME STYLE: 2 Story
Dual-Living: Possible
Home Warranty: Negotiable
Sq. Ft. Source: County

Financial

Tax Information
Tax Amount: $9,043
Tax Years: 2024
Tax Account #: 266024

Utilities

Utility Information
Water Heater: Electric
Water: Well

Location

Unit #1 Information
Parking Type/Capacity: Front porch

Homeowners Association Information
No Association

School Information
Elem School: Brush College
Elementary School: Brush College
Middle School: Straub
Middle School: Straub
High School: West Salem
High School: West Salem

Location Information
Lot: M&B

Public facts

Beds: 4
Baths: 4.5
Sq. Ft.: 5,095
Stories: 2.0
Lot Size: 19.05 acres
Style: Other
Year Built: 1998
Year Renovated: —
County: Polk County
APN: 266024

Home facts updated by county records on Oct 7, 2026

Other

Miscellaneous Information
Disposal: Yes

Listing Information
Broker Attribution Contact: Direc: 503-485-1900
Status Detail: 0
Inclusions: Refrig&Freezer in main house, wash/dry, window trt
Possession: Neg

Information For Agents
Syndicated Remarks: Rare Riverfront Estate in the Heart of Wine Country...Welcome to River Cove Farm! Truly a one-of-a-kind riverfront estate in the Willamette Valley wine country, just minutes from downtown Salem. Set on 19.05 lush acres with Willamette River frontage and a private cove for boat tie-up, this gated property offers abundant privacy and natural beauty. Flexible living areas throughout the property are well-suited for remote work, multi-generational living, or simply spreading out in comfort.

Around this home

Schools

Brush College Elementary School

Public K-5 • Assigned • 2.1mi

7/10

Straub Middle School

Public 6-8 • Assigned • 2.8mi

5/10

West Salem High School

Public 9-12 • Assigned • 3.0mi

6/10

Provided by GreatSchools

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

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$2.20M – $2.66M

Reach more buyers when you sell with Redfin. Plus, you'll save $23,119 in fees.

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Home values near 4698 Wallace Rd NW

Data from public records.

Address	Redfin Estimate
4495 Wallace Road Northwest, Salem, OR 4 Beds \| 3 Baths \| 5318 Sq. Ft.	$1,208,866
4728 Wallace Road Northwest, Salem, OR 3 Beds \| 1 Baths \| 1404 Sq. Ft.	—

Address	Redfin Estimate
5005 Wallace Road Northwest, Salem, OR 4 Beds \| 1.5 Baths \| 1804 Sq. Ft.	—
4515 Wallace Road Northwest, Salem, OR 2 Beds \| 2 Baths \| 1308 Sq. Ft.	$682,583

Address	Redfin Estimate
4747 Wallace Road Northwest, Salem, OR 3 Beds \| 2.5 Baths \| 1963 Sq. Ft.	$592,114
4735 Wallace Road Northwest, Salem, OR 3 Beds \| 2 Baths \| 1818 Sq. Ft.	—

Property information provided by WVMLS when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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4698 Wallace Rd NW, Salem, OR 97304

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About this home

Redfin Estimate

Market trends in 97304, OR

Homeowner tools

Sale and tax history for 4698 Wallace Rd NW

Public record

Property details

Parking

Interior

Exterior

Financial

Utilities

Location

Public facts

Other

Around this home

Schools

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 97304

Home values near 4698 Wallace Rd NW

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