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$550,000
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Property Description
Historic Albany Charm Meets Modern Comfort! Step into a piece of Albany's history with this early 1900s original home, lovingly owned by the same family for over 55 years before Sellers bought it. This timeless beauty combines vintage character with thoughtful modern updates, offering the best of both worlds. Inside, you'll find 5 bedrooms, 3 bathrooms (two of which are fully remodeled and updated), an office, and a bonus room-a total of 20 spacious rooms on a rare double lot. The remodeled kitchen blends classic style with contemporary luxury, featuring a farmhouse sink, 6-burner gas range, quartz countertops, and direct access to a deck overlooking the lush backyard, complete with apple, pear, fig, cherry, and persimmon trees! Refinished original wood floors, leaded glass windows, and updated windows throughout. The finished daylight basement offers the beginnings of a full bath and has the potential to become a private ADU with its own entrance, perfect for multi-generational living or added income. Notable upgrades include additional wall and attic insulation, a top-rated roof (2012), newer vinyl fencing, and exceptional solar potential. The property also boasts a double car garage and a detached carriage house, ideal for a workshop or creative space. Perfectly located near OSU, this home is ideal for investors, large families, or anyone drawn to the character of Albany's historic homes-with all the modern comforts already in place. Come experience the history, warmth, and versatility of this truly special home!
Full Property Details
Full Property Details for 1420 Park Ter SW Terrace
General
- Price: $550,000
- Taxes: $6,346 (2024)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 834698
- Updated: 1/13/2026
- Added to Site: 88 day(s) ago
Interior
- Flooring: Luxury Vinyl Plank, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage Description: Detached
Location
- County: LINN COUNTY
- Subdivision: ALBANY HEIGHTS ADDN
- Driving Directions: From 99E, West on Queen, R on Park Terrace
Heating & Cooling
- Water Heater: Electric
Utilities
- Sewer: Yes
Structural Information
- Basement Desc.: Daylight, Finished
- Roof: Composition
- Square Feet: 3,492
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Lot Description: 11S04W12CA
Financial Considerations
- Price Per Sq. Ft.: $157.5
- Assessment Year: 1910
- Tax Amount: $6,346
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 11S04W12CA
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Schools
Schools serving 1420 Park Ter SW Terrace
School District:Greater Albany School District 8j
| Name | Grades | Distance |
|---|---|---|
Takena Elementary School 1210 Southwest 12th Avenue, Albany, OR 97321 | K-2 | 0.1 mi |
Central Elementary School, Albany, OR 336 Southwest 9th Avenue, Albany, OR 97321 | 3-5 | 0.8 mi |
Memorial Middle School 1050 Southwest Queen Avenue, Albany, OR 97321 | 6-8 | 0.4 mi |
West Albany High School 1130 Southwest Queen Avenue, Albany, OR 97321 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1420 Park Ter SW Terrace
Date
Details
Price
Change
Source
12/11/2025
Price Reduced
$550,000
-3.49%
MLS
11/14/2025
Price Reduced
$569,900
-3.39%
MLS
10/21/2025
Listed
$589,900
53.22%
MLS
10/02/2020
Sold
$385,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1420 Park Ter SW Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,536
3%
$328,420
3%
2024
$6,346
3%
$318,860
3%
2023
$6,166
8%
$309,580
6%
2021
$5,711
-6%
$291,820
-3%
2022
$6,069
6%
$300,570
6%
2021
$5,711
4%
$283,330
3%
2019
$5,503
3%
$275,080
3%
2018
$5,361
3%
$267,070
3%
2017
$5,205
24%
$259,300
11%
2016
$4,192
4%
$234,160
3%
2015
$4,047
9%
$227,340
5%
2014
$3,714
5%
$216,170
5%
2013
$3,547
—
$205,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1420 Park Ter SW Terrace
1420 Park Ter SW Ter, Albany, OR 97321 (MLS# 834698) is a Single Family property with 5 bedrooms and 3 full bathrooms. 1420 Park Ter SW Ter is currently listed for $550,000 and was received on October 21, 2025. Want to learn more about 1420 Park Ter SW Ter? Do you have questions about finding other Single Family real estate for sale in Albany? You can browse all Albany real estate or contact a Coldwell Banker agent to request more information.

