1950 Wallace Rd NW, Salem, OR 97304 Property Records

Polk County property record for 1950 Wallace Rd NW, Salem, OR 97304

Property Summary

Property Type	Multi-Family Dwellings
Details	4 bd · 2 ba · 3,032 sqft · built 1938
Lot Size	0.44 acres (19,166 sqft)
Owner	Company Name on File
Last Sale	$12,700 (Sep 2020)
Tax Bill	$1,362 (2025)
Deeds & Mortgages	Dec 2020 Mortgage Sep 2020 Transfer + 2 more
Flood Zone	Zone X (minimal risk)
APN	`07315-00-00600`

Property Details

APN / Parcel Number

Primary APN	`07315-00-00600`
Alternative APN	`270069`

Interior

Bedrooms	4 Beds
Full Baths	2 Baths
Total Rooms	9 Rooms
Building Area	3,032 sqft Living Area
1st Floor Area	991 sqft

Exterior

Year Built	Built 1938
Effective Year Built	Effective 1938
Architectural Style	Multi-Family
Exterior Material	Aluminum/Vinyl
Roof Type	Gambrel
Roof Material	Composition Shingle
Lot Area	19,166 sqft (0.44 acres)
Garage Type	Carport
Garage Area	440 sqft
Carport	Carport
Carport Area	440 sqft
Deck Area	320 sqft
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Heating System	Forced Air with A/C

Location & Zoning

Account Number	270069
Street Address	1950 WALLACE RD NW
City	SALEM
State	OR
Zip	97304-2151
Property Category	Residential
Property Type	Residential > Multi-Unit > Multi-Family Dwellings
Local Zoning Code	RM2
Legal Subdivision	WILARK PARK WEST 04
Legal Block	1
Legal Lot Number	9
Jurisdiction	POLK OR
Township / Civil Division	SALEM
Census Block Group	1
Census Block	1017
Census Tract	5206

Owner

1950 Wallace Rd NW, a residential property, is owned by a company that bought it in September 2020.

Source: Polk County records, as of May 21, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on File
Mailing Address	4040 FAIRVIEW INDUSTRIAL DR SE, 2, SALEM, OR 97302-1142
Owner Type	Company
Vesting	Government

Deeds, Mortgages & Sale History

Date	Document
Dec 30, 2020	Deed of Trust, Mortgage GRANDBRIDGE R/E CAP
Sep 3, 2020	Quit Claim Deed, Transfer AMERITITLE
Sep 3, 2020	Quit Claim Deed, Transfer AMERITITLE
Sep 3, 2020	Warranty Deed, Transfer AMERITITLE

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Sep 3, 2020 · Amount on File
Deed Sale	Sep 3, 2020 · Amount on File
Prior Sale	Sep 5, 2012
Deed Document Number	202012730
Prior Transfer Date	Jul 31, 2020
Prior Transfer Doc	0000012731
Record Updated	Oct 29, 2026

December 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	POLK OR
Property Address	1950 WALLACE RD NW, SALEM, OR 97304-2151
Document Number	0000019663
Instrument Date	Dec 30, 2020
Transaction Type	Mortgage
Record Updated	Jan 14, 2021
Title Company	FIRST AMERICAN

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	14020 SE JOHNSON RD #102 MILWAUKIE OR 972672315, 102, MILWAUKIE, OR 97267-2315

Mortgage

Document Number	0000019663
Date	Dec 30, 2020
Instrument	19663

Lender

Name	GRANDBRIDGE R/E CAP
Type	Funding / Finance Company
Address	200 S COLLEGE ST # 2100, CHARLOTTE, NC 28202-2045

Agreement

Amount	Amount on Record
Term	156 Months
Due	Dec 29, 2033

September 2020: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	POLK OR
Recording Date	Sep 3, 2020
Property Address	1950 WALLACE RD NW, SALEM, OR 97304-2151
Document Number	0000012732
Instrument Date	Jul 31, 2020
Instrument	12732
Transaction Type	Transfer
Record Updated	Sep 18, 2020
Title Company	AMERITITLE

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Investor	Possibly a Property Investor

September 2020: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	POLK OR
Recording Date	Sep 3, 2020
Property Address	1950 WALLACE RD NW, SALEM, OR 97304-2151
Document Number	0000012731
Instrument Date	Jul 7, 2020
Instrument	12731
Transaction Type	Transfer
Record Updated	Sep 18, 2020
Title Company	AMERITITLE

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Investor	Possibly a Property Investor

September 2020: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	POLK OR
Recording Date	Sep 3, 2020
Property Address	1950 WALLACE RD NW, SALEM, OR 97304-2151
Document Number	0000012730
Instrument Date	Jun 24, 2020
Instrument	12730
Transaction Type	Transfer
Record Updated	Sep 18, 2020
Title Company	AMERITITLE

Transaction

Amount	Amount on Record
Tax	$13.00
Amount Accuracy	Confirmed
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Investor	Possibly a Property Investor

Tax Assessment & Valuation

The 2025 property tax bill for 1950 Wallace Rd NW was $1,362, up 7.9% from the year before.

Source: Polk County assessment roll, as of May 21, 2026

Property Jurisdictions

Type	Name
State	Oregon
County	Polk County
Municipality	Salem City
Unified School District	Salem-Keizer School District 24J (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$71,030 (+2.99%) Land $71,030	$117,440 (-) Land $117,440
2025	$1,362.00 (+7.92%)	$68,970 (+2.99%) Land $68,970	$117,440 (-13.05%) Land $117,440
2024	$1,262.00 (+3.02%)	$66,970 (+3%) Land $66,970	$135,060 (+15%) Land $135,060
2023	$1,225.00 (+3.29%)	$65,020 (+2.99%) Land $65,020	$117,440 (+6.01%) Land $117,440
2022	$1,186.00	$63,130 Land $63,130	$110,780 Land $110,780

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 1950 Wallace Rd NW in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective October 28, 2021 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 60 policies
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	60 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 1950 Wallace Rd NW is low, with a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood	0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SALEM PUBLIC WORKS serves 199,820 people · EPA ID OR4100731
Water Source	Surface water
Last State Inspection	Jul 2023
Lead	2 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 154 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Alyrica Fixed Wireless	400 / 50
AT&T Fixed Wireless	100 / 20

May also be available: CenturyLink, Hunter Communications, T-Mobile, Verizon.

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