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$425,000 Just Listed
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Property Description
Welcome to this charming three bed, two bath home on a spacious corner lot. Full of smart upgrades for all your modern comfort needs! New Central AC and furnace. Solar panels with an EV charger in the fully finished garage. Stainless steel appliances, sky light and lots of natural lighting. With a 6 camera security system in place and a fully fenced yard. Enjoy your spacious backyard from your covered patio. Room for RV/boat parking, this move in ready home has so much to offer come see for yourself.
Full Property Details
Full Property Details for 1487 Palace Dr NE
General
- Price: $425,000
- Taxes: $3,395 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 846111
- Updated: 10/1/2026
- Added to Site: 6 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Color: Brown
Parking
- Garage Description: Attached
Location
- County: SUBURBAN E SALEM/SOUTH
- Subdivision: Royal Oak Estates No 3
- Driving Directions: Swegle Rd to Royalty Dr, left on Kingdom Way, right on Palace Dr.
School Information
- Elementary School: Swegle
- Middle School: Waldo
- High School: McKay
Heating & Cooling
- Heating/Cooling: Gas, Central AC, Hot Water, Forced Air
- Water Heater: Gas
Utilities
- Sewer: Yes
- Water: City
Structural Information
- Roof: Composition, Shingle
- Square Feet: 1,036
- Year Built: 1989
Lot Features
- Lot Size (Acres): 0.17
- Zoning: RS Single Family Res
- Lot Description: 1
Financial Considerations
- Price Per Sq. Ft.: $410.23
- Assessment Year: 1989
- Tax Amount: $3,395
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 1
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Schools
Schools serving 1487 Palace Dr NE
School District:Salem-Keizer School District 24j
| Name | Grades | Distance |
|---|---|---|
Swegle Elementary School 1751 Aguilas Court, Salem, OR 97301 | K-5 | 0.4 mi |
Waldo Middle School 2805 Lansing Avenue Northeast, Salem, OR 97301 | 6-8 | 1.9 mi |
Mckay High School 2440 Lancaster Drive Northeast, Salem, OR 97305 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1487 Palace Dr NE
Date
Details
Price
Change
Source
9/30/2026
Listed
$425,000
123.68%
MLS
12/05/2016
Sold
$190,000
—
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 1487 Palace Dr NE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,395
8%
$165,260
3%
2024
$3,150
3%
$160,450
3%
2023
$3,057
6%
$155,780
6%
2021
$2,887
-3%
$146,850
-3%
2022
$2,972
6%
$151,250
6%
2020
$2,803
7%
$142,580
3%
2019
$2,623
-2%
$138,430
3%
2018
$2,670
11%
$134,400
3%
2017
$2,410
5%
$130,490
3%
2016
$2,295
-1%
$126,690
3%
2015
$2,313
3%
$123,000
3%
2014
$2,238
10%
$119,420
7%
2013
$2,031
—
$111,260
—
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 1487 Palace Dr NE
1487 Palace Dr NE, Salem, OR 97301 (MLS# 846111) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1487 Palace Dr NE is currently listed for $425,000 and was received on September 30, 2026. Want to learn more about 1487 Palace Dr NE? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

