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4698 Wallace Rd Nw, Salem, OR 97304

$2,500,000
  • 4698 Wallace Rd Nw, Salem, OR 97304 Main Photo
Virtual Tour

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Listing Courtesy of: BLUM REAL ESTATE
Agency Contact: Direc: 503-485-1900
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SQUARE FEET4,675 MLS#828382
STATUS PROPERTY TYPEResidential - Single Family

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.  Nestled in Willamette Valley wine country, a long, paved driveway winds past pastures and fruit trees to a stately Georgian-style home that exudes timeless elegance from the moment you arrive. The floor plan is designed for comfort and versatility. The main-level primary suite creates a serene retreat with a cozy fireplace and an ensuite bath. Upstairs, additional bedrooms and two full bathrooms provide ample living space. A charming, third floor sun-filled loft with a large closet and half bath offers endless possibilities???ideal as a guest hideaway, children???s bunkroom, or hobby space.Thoughtfully appointed living spaces make this home perfect for both everyday living and special occasions. A refined library with built-ins and a majestic living room capture sweeping views of the grounds, while the elegant kitchen and formal dining room set the stage for memorable gatherings. A fully renovated, expansive recreation room with kitchenette and full bath, connected to the main house via a breezeway, can be used for entertaining or as an in-law unit. A standalone cottage with one bedroom plus an office offers even more dwelling options.Outdoors, the property is a true gardener???s and hobby farmer???s paradise. Relax on the spacious patio and take in the river views, or explore the pastures, fruit trees, and landscaped grounds. A large shop/barn supports a variety of projects, and the delightful, oversized chicken house???adorned with a school bell and accompanied by a fenced chicken yard???adds a touch of storybook charm. Children (and adults) will love ringing the bell when they find fresh eggs.River Cove Farm offers the best of both worlds: a serene, country setting and easy access to all the conveniences and cultural options of downtown Salem. To view alternate Virtual Tour, please go to 1

Property Features

Property Type: Residential - Single Family
Fenced: Yes
Garage: 2 car attached
Lot Size: 19.05 Acres
Roof Type: Composition
Taxes: $9,043
Year Built: 1998

Feature Descriptions

Bonus Room(s): Mudroom, Office, Rec Room
Days on Site: 307
Dining Room: Area (Combination), Formal
Dishwasher: Yes
Exterior: Cedar
Fenced Yard: Yes
Fireplace: Living Room, Other Room, Propane, Wood
Flooring: Carpet, Laminate, Tile, Wood
Formal Dining: Yes
Foundation: Continuous
Heating/Cooling: Electric, Heat Pump, Hot Water, Solar
Inclusions: Refrig&Freezer in main house, wash/dry, window trt
Lot Dimensions: 19.05 Acre(s)
Lot Type: Irregular
Outbuilding(s): Yes
Outbuilding(s): Barn, Separate Shop, Shed
Parking Notes: Attached
Patio: Covered Deck, Covered Patio, Deck, Patio
Price Per Square Foot: 534.76
Range: Built-in, Convection, Electric, Gas, Microwave Included, Propane
Security: yes
Special View Info: Mountain, Territoria
Underground Sprinklers: Yes
Water: Well
Water Heater: Electric

Room Sizes

Primary Bedroom: 21.3x16.5 Level 1/Main
Bedroom 2: 14.8x14.3 Level 2/Upper
Bedroom 3: 18x14 Level 1/Main
Bedroom 4: 19x14 Level 1/Main
Dining Room: 15.4x14.2 Level 1/Main
Family Room: 29x14.3 Level 1/Main
Kitchen: 22x14 Level 1/Main
Living Room: 35.4x19.4 Level 1/Main
Utility Room: 15x12 Level 1/Main

Local Schools

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

Listed By / Shown By

Listed By

Agency Name: BLUM REAL ESTATE
Agency Contact: Direc: 503-485-1900

Shown By

Agency Title: Coldwell Banker Valley Brokers
Albany: 541.928.6317
Corvallis: 541.757.0222

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Estimated Payment

$ 7,046.67 per month $5,563.92 Principal & Interest $753.58 Property Tax $729.17 Homeowner's Insurance

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