4698 Wallace Rd NW, Salem, OR 97304 - Photo 1

1/1

$2,136,400

Sold
Closed
Single Family
4 Beds
5 Full Baths
2 Partial Baths
4,675 Sq. Ft.
Updated 9 days ago

1/1

Property Description

Rare Riverfront Estate in the Heart of Wine Country...Welcome to River Cove Farm! Truly a one-of-a-kind riverfront estate in the Willamette Valley wine country, just minutes from downtown Salem. Set on 19.05 lush acres with Willamette River frontage and a private cove for boat tie-up, this gated property offers abundant privacy and natural beauty. Flexible living areas throughout the property are well-suited for remote work, multi-generational living, or simply spreading out in comfort.

Full Property Details

Full Property Details for 4698 Wallace Rd NW

General

Sold For: $2,136,400
Taxes: $9,043 (2024)
Status: Closed
Type: Single Family
Source: WVMLS
MLS ID: 828382
Added to Site: 532 day(s) ago

Interior

Flooring: Carpet, Laminate, Tile, Wood

Rooms

Bathrooms

Total Bathrooms: 7
Full Bathrooms: 5
Half Bathrooms: 2

Bedrooms

Total Bedrooms: 4

Parking

Garage Description: Attached

Location

County: NORTHWEST SALEM

School Information

Elementary School: Brush College
Middle School: Straub
High School: West Salem

Heating & Cooling

Heating/Cooling: Electric, Solar, Heat Pump, Hot Water
Water Heater: Electric

Utilities

Water: Well

Structural Information

Roof: Composition
Square Feet: 4,675
Year Built: 1998

Lot Features

Lot Size (Acres): 19.05
Lot Size (Sq. Ft.): 829,818
Zoning: EFU
Lot Description: M&B

Financial Considerations

Price Per Sq. Ft.: $456.98
Price Per Acre: $131,233.6
Assessment Year: 1998
Tax Amount: $9,043
Tax Year: 2024

Disclosures and Reports

APN: 19x14
Lot Number: M&B

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Schools

Schools serving 4698 Wallace Rd NW

School District:Salem-Keizer School District 24j

Name	Grades	Distance
Brush College Elementary School 2623 Doaks Ferry Road Northwest, Salem, OR 97304	K-5	2 mi
Straub Middle School 1920 Wilmington Avenue Northwest, Salem, OR 97304	6-8	2.7 mi
West Salem High School 1776 Titan Drive Northwest, Salem, OR 97304	9-12	3 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 4698 Wallace Rd NW

Date

Details

Price

Change

Source

9/30/2026

Sold

$2,136,400

-14.54%

MLS

5/01/2025

Listed

$2,500,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

7825 Marie Ln, Keizer, OR 97303 - Photo 1

Just Listed

$635,000

Open House

7825 Marie Ln Keizer, OR 97303

Single Family
Active
Updated 5 days ago

5
Beds
3
Total Baths
2,391
Sq. Ft.

Listed by Opt, Drew Coleman and Opt, Sean Mele

1069 Chardonnay Lp NE, Keizer, OR 97303 - Photo 1

Just Listed

$595,000

1069 Chardonnay Lp NE Keizer, OR 97303

Single Family
Active
Updated 5 days ago

4
Beds
3
Total Baths
2,890
Sq. Ft.

Listed By: BRIAN. MCVAY | Homesmart Realty Group - Keizer and APRIL. MCVAY | Homesmart Realty Group - Keizer

965 Ridgepoint St NE, Keizer, OR 97303 - Photo 1

Just Listed

$500,000

Open House

965 Ridgepoint St NE Keizer, OR 97303

Single Family
Active
Updated 6 days ago

3
Beds
2
Total Baths
1,597
Sq. Ft.

Listed By: CHRIS. STEWART | Windermere Heritage and CHRIS. CHABOT | Windermere Heritage

1526 El Segundo Ave NE, Keizer, OR 97303 - Photo 1

Just Listed

$469,000

1526 El Segundo Ave NE Keizer, OR 97303

Single Family
Active
Updated 3 hours ago

3
Beds
2
Total Baths
1,603
Sq. Ft.

Listed By: ANGIE. LAWTON-WALLESEN | Cascade Hasson Sotheby's International Realty

981 Sagrada Cir N, Keizer, OR 97303 - Photo 1

Price Reduced

-$10,000 (-2.5%)

$389,900

981 Sagrada Cir N Keizer, OR 97303

Single Family
Active
Updated 1 day ago

3
Beds
3
Total Baths
1,622
Sq. Ft.

Listed By: MOLLY. EDWARDS | Homesmart Realty Group and BRIDGET. WELBORN | Homesmart Realty Group

711 Cater Dr NE, Keizer, OR 97303 - Photo 1

Price Reduced

-$5,000 (-1.18%)

$419,900

711 Cater Dr NE Keizer, OR 97303

Single Family
Active
Updated 2 days ago

3
Beds
2
Total Baths
1,338
Sq. Ft.

Listed By: RICK. NASSET | Nw Homes and Land

379 Hazelbrook Dr N, Keizer, OR 97303 - Photo 1

Price Reduced

-$5,000 (-0.88%)

$560,000

379 Hazelbrook Dr N Keizer, OR 97303

Single Family
Active
Updated 1 hour ago

3
Beds
3
Total Baths
2,065
Sq. Ft.

Listed By: WADE. KELLEY | Tradition Real Estate Partners

5437 Burbank St N, Keizer, OR 97303 - Photo 1

Price Reduced

-$10,000 (-2.22%)

$439,900

5437 Burbank St N Keizer, OR 97303

Single Family
Active
Updated 1 day ago

4
Beds
2
Total Baths
1,568
Sq. Ft.

Listed By: SARAH. SHERWOOD | John L. Scott-Salem

Sold

$2,136,400