Some homes give you space. This one gives you options. Set on a half-acre in North Albany, this unique property brings together an updated main home, separate living quarters, a two-bay shop and a 20x40 heated pool—all in one incredibly versatile package. Inside the main home, recent improvements include new LVP flooring, a beautifully renovated lower-level bath with quartz and tiled walk-in shower, an updated kitchen and a newer roof. The separate 780 sq. ft. living quarters offers its own bedroom, full bath, kitchenette, laundry and living space, creating an ideal setup for multigenerational living, extended guests, work-from-home flexibility or potential income use. Outside, Trex-style decking creates plenty of room to enjoy the pool and outdoor spaces, while the shop adds even more room for vehicles, projects and storage. Qualified buyers may also have the rare opportunity to assume the seller's existing 2.5% VA loan, subject to loan servicer approval. Whether you're looking for room for generations to live together, space to create or work, or a property with income potential, this is the kind of setup that's difficult to replicate. Mortgage savings may be available for buyers of this listing.
For sale
Listed by: Redfin • CRISTIAN MARTINEZ • Contact: cell: 407-744-1946
$950,000
3457 Terrace Dr NW, Albany, OR 97321
4beds
2,304sqft
Single Family Residence
Built in 1972
0.5 Acres Lot
$924,100 Zestimate®
$412/sqft
$-- HOA
What's special
Two-bay shopSeparate living quartersUpdated kitchenUpdated main homeTrex-style deckingNewer roofNew lvp flooring
- 11 days
- 453
- 23
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
CRISTIAN MARTINEZ cell:407-744-1946,
Redfin
Source: WVMLS,MLS#: 845938
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Main
Bedroom 2
- Level: Lower
Bedroom 3
- Level: Lower
Dining room
- Features: Area (Combination)
- Level: Main
Family room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Range Included, Electric Water Heater
Features
- Office, Workshop, High Speed Internet
- Basement: Full,Finished,Daylight
- Has fireplace: Yes
- Fireplace features: Family Room, Wood Burning
Interior area
- Total structure area: 2,304
- Total interior livable area: 2,304 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Covered Deck
- Fencing: Fenced
Lot
- Size: 0.5 Acres
- Features: Landscaped
Details
- Additional structures: Workshop, RV/Boat Storage
- Parcel number: 10427AD01700
- Zoning: Rr-2
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: POWERS PARK
HOA
- Has HOA: No
Location
- Region: Albany
Financial & listing details
- Price per square foot: $412/sqft
- Tax assessed value: $926,860
- Annual tax amount: $5,992
- Price range: $950K - $950K
- Date on market: 9/24/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: VA Loan,Cash,Conventional
Estimated market value
$924,100
$878,000 - $970,000
$3,863/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Listed for sale | $950,000+22.6%$412/sqft |
Source:  WVMLS #845938 Report a problem | ||
| 10/22/2021 | Sold | $775,000+80.2%$336/sqft |
Source: Public Record Report a problem | ||
| 10/31/2016 | Sold | $430,000-1.1%$187/sqft |
Source: Public Record Report a problem | ||
| 9/13/2016 | Price change | $435,000-3.3%$189/sqft |
Source: Keller Williams - Mid-Willamette #704688 Report a problem | ||
| 7/10/2016 | Price change | $449,900-3.2%$195/sqft |
Source: Keller Williams - Mid-Willamette #704688 Report a problem | ||
| 6/4/2016 | Price change | $465,000-2.1%$202/sqft |
Source: Keller Williams - Mid-Willamette #704688 Report a problem | ||
| 5/21/2016 | Listed for sale | $475,000$206/sqft |
Source: Keller Williams - Mid-Willamette #704688 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,647 +2.9% | $415,303 +3% |
| 2023 | $5,486 +1% | $403,207 +3% |
| 2022 | $5,430 +6.1% | $391,463 +3% |
| 2021 | $5,116 +1.6% | $380,061 +3% |
| 2020 | $5,033 +6.2% | $368,991 +3% |
| 2019 | $4,740 -3% | $358,244 +3% |
| 2018 | $4,887 +2.5% | $347,810 +3% |
| 2017 | $4,769 +13.5% | $337,680 +3% |
| 2016 | $4,203 | $327,845 +3% |
| 2015 | $4,203 +1.3% | $318,296 +3% |
| 2014 | $4,149 +2.8% | $309,025 +6.1% |
| 2012 | $4,035 | $291,285 +6.1% |
| 2010 | -- | $274,564 +3% |
| 2009 | -- | $266,567 +3% |
| 2008 | -- | $258,803 +3% |
| 2007 | -- | $251,265 +3% |
| 2006 | -- | $243,947 +3% |
| 2005 | -- | $236,842 +3% |
| 2004 | -- | $229,944 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97321
Nearby schools
Schools provided by the listing agent
- Elementary: Oak Grove
- Middle: North Albany
- High: West Albany
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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