4698 Wallace Rd NW, Salem, OR 97304 Property Records

Polk County property record for 4698 Wallace Rd NW, Salem, OR 97304

Property Summary

Property Type	Farm - Irrigated or Dry
Details	4 bd · 4.5 ba · 6,499 sqft · built 1998
Lot Size	19 acres (829,818 sqft)
Owner	2 Individual Names on File
Last Sale	$2,136,400 (Sep 2026)
Tax Bill	$9,771 (2025)
Deeds & Mortgages	Sep 2026 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`06332-00-00604`

Property Details

APN / Parcel Number

Primary APN	`06332-00-00604`
Alternative APN	`266024`

Interior

Bedrooms	4 Beds
Full Baths	4.5 Baths
Half Baths	1 Half Bath
Total Rooms	11 Rooms
Stories	2 Stories
Building Area	6,499 sqft Gross Area
1st Floor Area	2,864 sqft
2nd Floor Area	1,346 sqft
Attic	Attic
Attic Area	1,770 sqft
Bonus Room	Bonus Room
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1998
Effective Year Built	Effective 1998
Roof Type	Hip
Roof Material	Composition Shingle
Lot Area	829,818 sqft (19 acres)
View / Lot	Traffic
Garage Area	814 sqft
Parking Spaces	10 Parking Spaces

Exterior Amenities

Pool Type	Spa / Hot Tub (No Pool)
Porch	Slab
Patio Area	200 sqft
Shed	1 Shed
Shed Area	360 sqft
Utility Building	1,120 sqft
Total Buildings	5 Buildings

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Heat Pump
Sewer	Septic

Location & Zoning

Account Number	266024
Street Address	4698 WALLACE RD NW
City	SALEM
State	OR
Zip	97304-9738
Property Category	Agriculture or Farming
Property Type	Agriculture / Farming > Farm - Irrigated or Dry
Local Zoning Code	EFU
Legal Description	TWO STORY
Legal Range	3W
Legal Township	06S
Legal Section	32
Legal Block	3
Jurisdiction	POLK OR
Township / Civil Division	SALEM
Census Block Group	3
Census Block	3000
Census Tract	5301

Owner

4698 Wallace Rd NW, an agricultural property, is owned by two individuals who bought it in September 2026.

Source: Polk County records, as of October 13, 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	2 Individual Names on File
Mailing Address	4698 WALLACE RD NW, SALEM, OR 97304-9738
Owner Type	Individual
Vesting	Husband and Wife

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Sep 30, 2026 · Amount on File
Deed Sale	Sep 30, 2026 · Amount on File
Prior Sale	Oct 22, 2012 · Amount on File
Deed Document Number	20267795
Prior Transfer Date	Oct 1, 2009
Prior Transfer Doc	0000011826
Record Updated	Oct 29, 2026

September 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	POLK OR
Recording Date	Sep 30, 2026
Property Address	4698 WALLACE RD NW, SALEM, OR 97304-9738
Document Number	0000007795
Instrument Date	Sep 30, 2026
Instrument	20267795
Transaction Type	Transfer
Record Updated	Oct 6, 2026
Title Company	FIDELITY NATIONAL TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	4698 WALLACE RD NW, SALEM, OR 97304-9738

Mortgage

Document Number	0000007796,
Date	Sep 30, 2026
Instrument	20267796

Lender

Name	MORTGAGE CENTER LLC

Agreement

Type	VA Mortgage
Amount	Amount on Record
Term	360 Months
Due	Oct 1, 2056

Interest

Rate Type	Adjustable Rate
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

Tax Assessment & Valuation

The 2025 property tax bill for 4698 Wallace Rd NW was $9,771, up 5.5% from the year before.

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

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$887,090 (+3%) Land $399,560 Building $487,530	$1,435,540 (-4.56%) Land $630,510 Building $805,030
2025	$9,771.00 (+5.52%)	$861,260 (+5.49%) Land $387,910 Building $473,350	$1,504,110 (+13.33%) Land $627,840 Building $876,270
2024	$9,260.00 (+2.4%)	$816,400 (+3%) Land $376,620 Building $439,780	$1,327,150 (+0.46%) Land $521,210 Building $805,940
2023	$9,043.00 (+8.94%)	$792,630 (+8.25%) Land $365,650 Building $426,980	$1,321,030 (+15.8%) Land $521,210 Building $799,820
2022	$8,301.00	$732,220 Land $354,980 Building $377,240	$1,140,760 Land $519,460 Building $621,300

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 4698 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
Community Rating System	Class 9 (5% premium discount)
Nearby Flood Policies	4 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 4698 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.

Internet Providers

Source: FCC Broadband Data Collection, based on 11 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Alyrica Fixed Wireless	400 / 50
Verizon Fixed Wireless	300 / 20
CenturyLink DSL	40 / 3

May also be available: AT&T, Hunter Communications.

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