NOT LISTED FOR SALE

6240 Wallace Rd NW Salem, OR 97304

Spring Valley Neighborhood

Estimated Value: $488,000 - $507,000

2 Beds
1 Bath
1,242 Sq Ft
$400/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $450,000 $362 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,771/month

5 Days on Market

Highlights

  • Barn
  • 2.51 Acre Lot
  • Territorial View
  • RV Access or Parking
  • Wood Burning Stove
  • Home Office

About This Home

As of November 2022

The Perfect Hobby Farm on 2.51 acres in West Salem. This house was beautifully renovated. Built in 1945, 2/1, with office. Home has great character and a spacious 1242 sqft. You'll love the water features and privacy! Includes a shop for all of your toys,RV & Generator hookups, deluxe coop, animal shelter & pen. Small Fruit orchard, territorial views from your deck. Lower acreage has a motorcycle /ATVtrack and plenty of room for target practice. Seller willing to contribute $10,000 towards buyers closing.

Last Agent to Sell the Property

Brant McManamon

LEGACY REAL ESTATE License #201241393 Listed on: 10/05/2022

Last Buyer's Agent

M. LIZA REYNA- SKIPPER

EXP REALTY, LLC License #201234080

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,456

Year Built

  • Built in 1945

Lot Details

  • 2.51 Acre Lot
  • Fenced Yard
  • Landscaped
  • Sprinkler System
  • Property is zoned EFU

Home Design

  • Composition Roof

Interior Spaces

  • 1,242 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Home Office
  • Carpet
  • Territorial Views

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Outdoor Features

  • Covered Deck
  • Patio
  • Shop

Farming

  • Barn

Utilities

  • Well
  • Electric Water Heater
  • Septic System
  • High Speed Internet

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,456

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Range Facility: Electric, Microwave Included
  • Syndicated Remarks: The Perfect Hobby Farm on 2.51 acres in West Salem. This house was beautifully renovated. Built in 1945, 2/1, with office. Home has great character and a spacious 1242 sqft. You'll love the water features and privacy! Includes a shop for all of your toys,RV & Generator hookups, deluxe coop, animal shelter & pen. Small Fruit orchard, territorial views from your deck. Lower acreage has a motorcycle /ATVtrack and plenty of room for target practice. Seller willing to contribute $10,000 towards buyers closing.
  • Cross Street: Wallace Rd
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Fireplace: Wood, Stove
  • Negotiable Inclusions: Stove, Microwave, Fridge, Dishwasher
  • Wood Burning Stove: Certified
  • Flooring: Carpet
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: On Level: 1/Main
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Bonus Rooms: Office
  • Price Per Sq Ft: 362.32
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 390.5

Exterior Features

  • Patio: Covered Deck, Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Barn, Separate Shop
  • Roof: Composition
  • Siding: Fiber Cement
  • View: Territorial

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Electric, Ductless
  • High Speed Comm Access: Available
  • Septic: Standard
  • Water: Well
  • Water Heater: Electric

Schools

  • Elementary School: Brush College
  • High School: West Salem

Lot Info

  • Acres: 2.51
  • Lot: .
  • Price Per Acre: 193227.09
  • Rv Amenities: Area/Room For, Rv Disposal
  • Underground Sprinklers: Yes
  • Zoning: EFU
  • Geo Subdivision: OR

Tax Info

  • Tax Record: http://www.wvmls.com/tax_info.asp?id=
  • Tax Years: 2021
  • Tax Account Number: 265535
  • Tax Amount: 1456

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Nov 10, 2022
Sold by
Barfknecht Mary E
Bought by
Delgado Eloiza Chavez and Govea Pablo Jaime
Seller's Agent
Brant McManamon
LEGACY REAL ESTATE
Buyer's Agent
M. LIZA REYNA- SKIPPER
EXP REALTY, LLC
List Price
$485,000
Sold Price
$450,000
Premium/Discount to List
-$35,000
-7.22%
Current Estimated Value
$496,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,229
Avg. Annual Appreciation
3.39%
Original Mortgage
$405,000
Outstanding Balance
$392,372
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$103,857

Purchase Details

Closed on
Jul 30, 2021
Sold by
Barfknecht Mary and Barfknecht Joel
Bought by
Barfknecht Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 5, 2018
Closed on
Dec 20, 2018
Sold by
Cupp Dennis M and Cupp Robin L
Bought by
Barfknecht Mary and Barfknecht Joel
Seller's Agent
Gladys Blum
BLUM REAL ESTATE
Buyer's Agent
Jerusha Malaer
JOHN L. SCOTT-SALEM
List Price
$319,990
Sold Price
$325,000
Premium/Discount to List
$5,010
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$313,250
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2015
Sold by
Cupp Dennis M
Bought by
Cupp Dennis M and Cupp Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.97%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Jun 22, 2013
Closed on
Dec 12, 2013
Sold by
Scheidler Scott J
Bought by
Cupp Dennis M
Seller's Agent
Nikki Weiner
RE/MAX INTEGRITY - SALEM
Buyer's Agent
Cathy Bramhall
HOMESMART REALTY GROUP
List Price
$190,000
Sold Price
$162,500
Premium/Discount to List
-$27,500
-14.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%
Original Mortgage
$153,425
Interest Rate
4.04%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Delgado Eloiza Chavez $450,000 Amerititle
Barfknecht Mary E -- Amerititle
Barfknecht Mary $325,000 Fidelity National Title
Cupp Dennis M -- Ticor Title
Cupp Dennis M $161,500 Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delgado Eloiza Chavez $405,000
Previous Owner Barfknecht Mary E $143,000
Previous Owner Barfknecht Mary $313,250
Previous Owner Cupp Dennis M $45,000
Previous Owner Cupp Dennis M $153,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2022 11/14/22 Sold $450,000 -7.2% $362 / Sq Ft
10/05/2022 10/05/22 For Sale $485,000 +49.2% $390 / Sq Ft
12/21/2018 12/21/18 Sold $325,000 +1.6% $262 / Sq Ft View Prior Sale
11/06/2018 11/06/18 Pending -- -- --
10/31/2018 10/31/18 For Sale $319,990 0.0% $258 / Sq Ft
10/22/2018 10/22/18 Pending -- -- --
10/20/2018 10/20/18 Price Changed $319,990 -5.9% $258 / Sq Ft
10/05/2018 10/05/18 For Sale $339,990 +109.2% $274 / Sq Ft
12/13/2013 12/13/13 Sold $162,500 -14.5% $131 / Sq Ft View Prior Sale
09/17/2013 09/17/13 Pending -- -- --
06/22/2013 06/22/13 For Sale $190,000 -- $153 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,680 $152,510 $45,830 $106,680
2024 $1,680 $148,070 $44,490 $103,580
2023 $1,640 $151,240 $43,190 $108,050
2022 $1,505 $132,710 $41,930 $90,780
2021 $1,456 $128,850 $40,710 $88,140
2020 $1,416 $125,100 $39,520 $85,580
2019 $1,363 $121,460 $38,370 $83,090
2018 $1,338 $117,930 $37,260 $80,670
2017 $1,158 $114,500 $36,170 $78,330
2016 $1,151 $111,170 $35,120 $76,050
2015 $1,190 $107,940 $34,100 $73,840
2014 $1,110 $104,800 $33,110 $71,690
Source: Public Records

Agents Affiliated with this Home

  • Brant McManamon

    Seller's Agent in 2022

    Brant McManamon

    LEGACY REAL ESTATE

    (503) 949-8539

    1 in this area

    52 Total Sales

    Brant McManamon
    Section Image
  • M. LIZA REYNA- SKIPPER

    Buyer's Agent in 2022

    M. LIZA REYNA- SKIPPER

    EXP REALTY, LLC

    (503) 949-6591

    1 in this area

    51 Total Sales

    M. LIZA REYNA- SKIPPER
    Section Image
  • Gladys Blum

    Seller's Agent in 2018

    Gladys Blum

    BLUM REAL ESTATE

    (503) 507-6225

    4 in this area

    721 Total Sales

    Gladys Blum
    Section Image
  • Jerusha Malaer

    Buyer's Agent in 2018

    Jerusha Malaer

    JOHN L. SCOTT-SALEM

    (541) 668-5540

    5 in this area

    94 Total Sales

    Jerusha Malaer
    Section Image
  • Nikki Weiner

    Seller's Agent in 2013

    Nikki Weiner

    RE/MAX

    (503) 931-0032

    1 in this area

    146 Total Sales

    Nikki Weiner
    Section Image

  • C

    Buyer's Agent in 2013

    Cathy Bramhall

    HOMESMART REALTY GROUP

    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 798557

Willamette Valley MLS

APN: 265535

Oregon Polk County Salem 97304 Spring Valley

6240 Wallace Rd NW, Salem, OR

This home is located at 6240 Wallace Rd NW, Salem, OR 97304 since 05 October 2022 and is currently estimated at $496,229, approximately $399 per square foot. This property was built in 1945. 6240 Wallace Rd NW is a home located in Polk County with nearby schools including Brush College Elementary School, Straub Middle School, and West Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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