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

1/1

$2,136,400

Sold
Closed
Single Family
4 Beds
5 Full Baths
2 Partial Baths
5,795 Sq. Ft.
2 Car Garage
Updated 7 days ago

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Property Description

Rare Riverfront Property - Welcome to River Cove Farm! Nestled in the heart of Willamette Valley wine country & just minutes from downtown Salem, this one-of-a-kind estate offers a rare blend of lush acreage, Willamette River frontage, & breathtaking views. A gated entry opens to a long, paved driveway leading to this gorgeous Georgian-style home, which exudes elegance throughout. Spanning 19.05 acres, the property also has a cottage, barn, pastures, fruit trees, private beach & cove! The main level primary suite features a cozy fireplace and ensuite bathroom, ensuring comfort and luxury. A library with built-ins and a majestic living room provide stunning views. The elegant kitchen and formal dining room are perfect for hosting memorable gatherings. The expansive game/recreation room includes a kitchenette and full bathroom, ideal for entertaining guests. Enjoy the tranquility of the Willamette River frontage, complete with a private beach and a cove for boat tie-up.

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: ODS
MLS ID: 220209645
Added to Site: 385 day(s) ago

Interior

Rooms/Areas: Dining Room, Family Room, Laundry, Kitchen, Living Room, Primary Room
Interior Features: Kitchen Island, Linen Closet, Pantry, Primary Downstairs, Soaking Tub, Walk-In Closet(s)
Fireplace: Yes
Fireplace(s): Propane, Wood Burning
Flooring: Carpet, Hardwood, Laminate, Tile

Rooms

Bathrooms

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

Bedrooms

Total Bedrooms: 4

Parking

Garage: Yes
Garage Spaces: 2
Parking Features: Concrete, Driveway, Gated
Parking: Concrete, Driveaway, Gated

Location

Area: 4675
County: Polk
Subdivision: N/A

School Information

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

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Heat Pump
Heating Type: Electric, Heat Pump, Hot Water, Solar

Utilities

Sewer: Septic Tank
Water: Well
Well: Yes

Structural Information

Architectural Style: Colonial
Foundation: Stemwall
Roof: Composition
Common Walls: No Common Walls
Stories/Levels: 2
Square Feet: 5,795
Sq. Ft. Source: Assessor
Living Area: 5,795 Sq. Ft.
Year Built: 1998

Additional Structures

Other Structures: Barn(s), Guest House, Poultry Coop

Lot Features

Property View: River
Lot Size (Acres): 19.05
Lot Size (Sq. Ft.): 829,818
Street/Road Desc.: Paved
Lot Features: Garden, Landscaped, Pasture, Sloped
Zoning: EFU

Water Features

Water Front: Yes
Water View: Yes

Financial Considerations

Tax Amount: $9,043
Tax Year: 2024
Terms: Cash, Conventional

Disclosures and Reports

Special Conditions: Standard
APN: 266024
Section: Not Applicable
Lot Number: M&B

Listed by Blum Real Estate, LLC (503) 485-1900, Troy A Blum (503) 485-1900
Sold by No Office (503) 485-1900, Non ODS REALTOR Member

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Listing agent

— 4698 Wallace Rd NW —

Troy A Blum

Blum Real Estate, LLC

503-485-1900

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NMLS#: 1598647

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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	2.1 mi
Straub Middle School 1920 Wilmington Avenue Northwest, Salem, OR 97304	6-8	2.8 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

9/23/2025

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.

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Active
Updated 17 hours ago

3
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2
Total Baths
1,637
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Active
Updated 4 days ago

3
Beds
2
Total Baths
1,707
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Listed by Realty One Group Willamette Valley, Felicia Cobb

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Single Family
Active
Updated 4 hours ago

3
Beds
2
Total Baths
1,637
Sq. Ft.

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Just Listed

$500,000

Open House

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Single Family
Active
Updated 3 days ago

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

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Price Reduced

-$10,000 (-2.6%)

$374,900

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Single Family
Active
Updated 3 days ago

3
Beds
1
Total Bath
1,200
Sq. Ft.

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1259 Bent Grass Ct NE, Keizer, OR 97303 - Photo 1

Price Reduced

-$15,000 (-3.3%)

$440,000

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Single Family
Active
Updated 5 days ago

3
Beds
2
Total Baths
1,612
Sq. Ft.

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1125 Jays Dr NE Keizer, OR 97303

Multi-Family
Active
Updated 2 days ago

6
Total Beds

Listed By: MAYRA. ROCHA | Rocha Realty Llc

960 Claggett St NE, Keizer, OR 97303 - Photo 1

Price Reduced

-$10,001 (-2.7%)

$359,999

960 Claggett St NE Keizer, OR 97303

Single Family
Active
Updated 3 days ago

2
Beds
1
Total Bath
1,260
Sq. Ft.

Listed By: BRIAN. SMITH | Homesmart Realty Group

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

Sold

$2,136,400