Shawn Realty 503-515-4499
4 bd • 2 ba • 2,338 sq ft
954 TERRACE DR NW, Salem, OR 97304
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- Bedrooms
- 4
- Total Baths
- 2
- Building Area
- 2,338 sq ft
- Price/Sq Ft
- $197/sq ft
- Year Built
- 1956
- Garage
- 2 spaces · Attached
- County
- Polk
- Annual Tax
- $4,589 (2025)
- HOA
- None
- Days on Market
- 6 days
- Open House
- None scheduled
Monthly payment
$3,282 per month
- Principal & interest$2,804
- Property taxes$382
- HOA dues$0
- Home insurance$96
- Utilities$0
10% down · 30-year fixed · 7.18% rate · 7.281% APR (est.)
Rate: Freddie Mac weekly average, as of 11/05/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.18% (7.281% APR, estimated). Rate: Freddie Mac weekly average, as of 11/05/2026.
- Down payment: 10% ($45,990) on $459,900; loan $413,910
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $382/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $96/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
Perched above the city in an established West Salem neighborhood, this beautifully updated daylight-basement home captures sweeping 180-degree views and offers exceptional versatility. Thoughtfully designed for multigenerational living, an extended household, or separate lower-level accommodations, the residence features a remodeled interior with an updated kitchen and bathrooms, two spacious living areas, and a cozy downstairs fireplace. Major improvements include a new roof and newer HVAC system. Outdoors, the fully fenced terraced yard showcases refreshed landscaping, an irrigation system, a concrete patio, and an 8-by-10-foot storage shed. A generous 20-by-30-foot RV pad is equipped with water, a sewer cleanout, and dual 30/50-amp service, while the garage includes 220-volt power. Please review the amenities list attached to the MLS for additional details.
Facts & Features
| Property Type | Residential |
|---|---|
| Sub-Type | Single Family Residence |
| Bedrooms | 4 |
| Total Baths | 2 |
| Full Baths | 2 |
| Partial Baths | 0 |
| Building Area (sq ft) | 2338 |
| Lot Size (acres) | 0.16 |
| Lot Size (sq ft) | 6969 |
| Year Built | 1956 |
| Garage Spaces | 2 |
| County | Polk |
| Elementary School | Myers |
| Middle School | Walker |
| High School | West Salem |
| Heating | Forced Air |
| Cooling | Central Air |
| Appliances | Butlers Pantry, Dishwasher, Disposal, Free-Standing Range, Free Standing Refrigerator, Stainless Steel Appliance, Tile |
| Interior Features | Ceiling Fan, Garage Door Opener, Hardwood Floors, High Speed Internet, Laundry, Sprinkler, Tile Floor, Wallto Wall Carpet, Wood Floors |
| Exterior Features | Covered Deck, Covered Patio, Deck, Fenced, Patio, Porch, RV Hookup, RV Parking, Sprinkler, Tool Shed, Water Feature, Xeriscape Landscaping, Yard |
| Basement | Daylight, Finished |
| Style | 2 Stories |
| Roof | Composition |
| Fireplaces | 2 |
| View | Yes |
| Lot Features | Gentle Sloping |
| Parking | Driveway, RV Access Parking |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $4,589 |
| Tax Year | 2025 |
| Original List Price | $459,900 |
| RMLS # | 507898681 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Kevin Riley • Vantage Point Brokers, LLC
Listing updated: Nov 5, 2026 at 9:20am
Source: RMLS #507898681
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/09/2026 17:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty