For SaleRisky Deal135 days on market
994 Terrace Dr NW
994 Terrace Dr NW, Salem, OR 97304, Salem, OR 97304
$355,000
Estimate®:$353,800
Listing Price
994 Terrace Dr NW, Salem, OR 97304
Loc: Salem, OR
Days Listed
135
Tax Assessed
$335k
Estimate®
$354k
Market Rate
Lot Size
7,058 sqft
Rent Estimate
$2,267/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Myers Elementary School
K-5
0.5 mi away
4
Walker Middle School
6-8
0.3 mi away
6
West Salem High School
9-12
1.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
split-levelraised deckwood sidingbackyardelevated porchresidentialshadedoutdoor living spacesuburbansloped lotmulti-levelfenced yard
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.63%
Total ROI
59.6%
Cash Flow
$-471/mo
DSCR
0.74
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-471/mo net cash flow with a 4.6% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Salem, OR
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-11 | Price change | $355,000 | $254 |
| 2026-07-24 | Price change | $365,000 | $261 |
| 2026-06-19 | Price change | $379,900 | $271 |
| 2026-05-12 | Listed for sale | $399,900 | $286 |
| 1999-12-02 | Sold | $109,000 | $78 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,098.59 | $156,850 |
| 2024 | $2,869.9 | $152,290 |
| 2023 | $2,786.72 | $147,860 |
| 2022 | $2,697.57 | $143,560 |
| 2021 | $2,620.58 | $139,380 |
| 2020 | $2,542.95 | $135,330 |
| 2019 | $2,454.16 | $131,390 |
| 2018 | $2,454.16 | $127,570 |
| 2017 | $2,413.53 | $123,860 |
| 2016 | $2,175.16 | $120,260 |
| 2015 | $2,123.41 | $116,760 |
| 2014 | $2,141.47 | $113,360 |
| 2013 | $2,004.94 | $110,060 |
| 2012 | $1,955.78 | $106,860 |
| 2011 | $1,871.14 | $103,750 |
| 2010 | $1,792.67 | $100,730 |
| 2009 | $1,767.77 | $97,800 |
| 2008 | $1,667.47 | $94,960 |
| 2007 | $1,626.83 | $92,200 |
| 2006 | $1,563.18 | $89,520 |
| 2005 | $1,535.5 | $86,920 |
| 2004 | $1,547.26 | $84,390 |
| 2002 | $1,436 | $79,560 |
| 2001 | $1,395 | $77,250 |
| 2000 | $1,358 | $75,000 |
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