NOT LISTED FOR SALE

974 Terrace Dr NW Salem, OR 97304

West Salem Neighborhood

Estimated Value: $413,000 - $494,000

2 Beds
3 Baths
1,680 Sq Ft
$270/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $325,000 $193 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,782/month

8 Days on Market

Highlights

  • Mountain View
  • Living Room with Fireplace
  • Loft
  • Covered Deck
  • Wood Flooring
  • Walk-In Pantry

About This Home

As of June 2019

Special views of Mountains and Downtown! High end finishes include solid maple floors, black walnut accents, montauk black slate, two custom tile and granite showers, custom cabinetry, quartz counters, and a covered open truss deck. Main floor living features large windows, gas fireplace and an open layout. Second floor includes master suite with walk-in closet and a bedroom loft. House is set up for dual living with a basement apartment with separate entrance and laundry connections. List Agent is Seller.

Last Agent to Sell the Property

Brandon Fahlman

KITHKIN REAL ESTATE License #200701012 Listed on: 05/02/2019

Last Buyer's Agent

Maya Kennedy

KELLER WILLIAMS REALTY MID WILLAMETTE License #201219859

KELLER WILLIAMS REALTY MID WILLAMETTE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,923

Year Built

  • Built in 1948

Lot Details

  • 5,890 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Irregular Lot
  • Property is zoned RS

Property Views

  • Mountain
  • Territorial

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 1,680 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Loft

Kitchen

  • Walk-In Pantry
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Covered Deck
  • Shed

Utilities

  • Heat Pump System
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot TaxLot4103

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,923

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Dual Living: Yes
  • Range Facility: Electric, Built-In, Microwave Included, Range Included
  • Syndicated Remarks: Special views of Mountains and Downtown! High end finishes include solid maple floors, black walnut accents, montauk black slate, two custom tile and granite showers, custom cabinetry, quartz counters, and a covered open truss deck. Main floor living features large windows, gas fireplace and an open layout. Second floor includes master suite with walk-in closet and a bedroom loft. House is set up for dual living with a basement apartment with separate entrance and laundry connections. List Agent is Seller.
  • Cross Street: Cascade Dr NW
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Living Room, Gas
  • Negotiable Inclusions: Range, Dishwasher, Fridge, Range
  • Flooring: Carpet, Wood, Laminate, Stone, Tile
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Number of Main Level Bathrooms: 1
  • Number of Lower Level Bathrooms: 1
  • Bedrooms: 2
  • Master Bedroom: Dimensions: 11.2x13.5, On Level: 2/Upper
  • Bedroom 2: Dimensions: 8.9x10.5, On Level: Lower/Basement
  • Additional Room: Dimensions: 7.7x15.10, On Level: 2/Upper
  • Basement: Daylight, Full, Finished
  • Dining Room: 1/Main, Dimensions: 606x7.3, On Level: 1/Main
  • Family Room: Dimensions: 8.12x12.10, On Level: Lower/Basement
  • Living Room: Dimensions: 13.3x16.8, On Level: 1/Main
  • Kitchen: Dimensions: 7.10x10.8, On Level: 1/Main
  • Bonus Rooms: Loft, Walk-In Pantry
  • Price Per Sq Ft: 193.45
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 193.45

Exterior Features

  • Patio: Covered Deck, Deck
  • Exterior Color: Green
  • Fenced Yard: Yes
  • Foundation: Continuous, Slab
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Mountain, Territorial

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Heating/Cooling: Heat Pump
  • High Speed Comm Access: Present
  • Sewer City: Yes
  • Water: Connected, City
  • Water Heater: Gas

Schools

  • Elementary School: Myers
  • Middle School: Walker
  • High School: West Salem

Lot Info

  • Acres: 0.14
  • Estimated Lot Sq Ft: 5890
  • Lot: TaxLot4103
  • Lot Type: Irregular
  • Price Per Acre: 2321428.57
  • Zoning: RS
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 18-19
  • Tax Account Number: 252287
  • Tax Amount: 2923

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2019
Closed on
Jun 21, 2019
Sold by
Fahlman Brandon and Fahlman Whitney
Bought by
Rathmann Stephen R
Seller's Agent
Brandon Fahlman
KITHKIN REAL ESTATE
Buyer's Agent
Maya Kennedy
KELLER WILLIAMS REALTY MID WILLAMETTE
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$455,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,259
Avg. Annual Appreciation
5.74%
Original Mortgage
$260,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2016
Sold by
Fahlman Brandon
Bought by
Fahlman Brandon and Fahlman Whitney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,400
Interest Rate
3.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 29, 2010
Sold by
Federal National Mortgage Association
Bought by
Fahlman Brandon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,550
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2010
Sold by
Citimortgage Inc
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,550
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2010
Sold by
Leal Rafael and Leal Heidi
Bought by
Citimortgage Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,550
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2007
Sold by
Monson Bryan R
Bought by
Leal Rafael and Leal Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rathmann Stephen R $325,000 Amerititle
Fahlman Brandon -- Accommodation
Fahlman Brandon $115,000 Amerititle
Federal National Mortgage Association $149,215 None Available
Citimortgage Inc $149,215 None Available
Leal Rafael $170,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rathmann Stephen R $320,000
Closed Rathmann Stephen R $265,300
Closed Rathmann Stephen R $260,000
Previous Owner Fahlman Brandon $100,832
Previous Owner Fahlman Brandon $60,400
Previous Owner Fahlman Brandon $160,000
Previous Owner Fahlman Brandon $111,550
Previous Owner Leal Rafael $170,000
Previous Owner Monson Bryan R $40,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2019 06/21/19 Sold $325,000 0.0% $193 / Sq Ft
05/02/2019 05/02/19 For Sale $325,000 -- $193 / 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 $3,475 $189,940 $45,880 $144,060
2024 $3,475 $184,410 $44,540 $139,870
2023 $3,374 $179,040 $43,240 $135,800
2022 $3,266 $173,830 $41,980 $131,850
2021 $3,173 $168,770 $40,750 $128,020
2020 $3,079 $163,860 $39,560 $124,300
2019 $2,972 $159,090 $38,400 $120,690
2018 $2,922 $154,460 $37,280 $117,180
2017 $2,634 $149,970 $36,190 $113,780
2016 $2,571 $145,610 $35,140 $110,470
2015 $2,593 $144,720 $34,110 $110,610
2014 $1,761 $97,570 $33,120 $64,450
Source: Public Records

Agents Affiliated with this Home

  • Brandon Fahlman

    Seller's Agent in 2019

    Brandon Fahlman

    KITHKIN REAL ESTATE

    (503) 930-2786

    14 in this area

    115 Total Sales

    Section Image
  • Maya Kennedy

    Buyer's Agent in 2019

    Maya Kennedy

    KELLER WILLIAMS REALTY MID WILLAMETTE

    (541) 248-9318

    1 in this area

    46 Total Sales

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Map

Source: Willamette Valley MLS

MLS Number: 748191

Willamette Valley MLS

APN: 252287

Oregon Polk County Salem 97304 West Salem

974 Terrace Dr NW, Salem, OR

This home is located at 974 Terrace Dr NW, Salem, OR 97304 since 02 May 2019 and is currently estimated at $454,414, approximately $270 per square foot. This property was built in 1948. 974 Terrace Dr NW is a home located in Polk County with nearby schools including Myers Elementary School, Walker 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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