Real estate in the Terrace Green Neighborhood
The Terrace Green neighborhood is one of those communities that you would never know existed because it is hidden in Keizer Oregon. This neighborhood was one of the first planned open-space communities in the state of Oregon. It was developed in the late 1960s and the first homes were built starting in 1969 and ending in 1990.
96 homes are part of this community. There are 8 townhomes and the rest are single-family homes. The community does have HOA dues, that is run by the Terrace Green Association, that pay for a community pool, clubhouse, basketball court, playground, grounds maintenance, and walking paths. There are 4 acres of open space that link all the small community cul-de-sacs together. The community is small therefore homes are not on the market often. Terrace Green is only one of three neighborhoods in Salem/Keizer that have a community building/pool as part of the HOA. Battlecreek Commons in South Salem is similar in amenities and Kooskooskee is similar in its green spaces.
Real estate prices for Terrace Green
In 2022, the median home price was $400,000. The homes in the community are reasonably priced with most falling in the $350,000-$475,000 price range.
Located between Wheatland and River Road, this area has good highway access for commuters. It also is close to amenities so grocery shopping and medical care are fairly close by minimizing driving. This is a direct bus route to downtown Salem as well that stops on River Road close to the neighborhood making it possible to do grocery shopping and errands using public transportation. Otherwise, it is a car-dependent neighborhood.
The neighborhood feeds into a desirable neighborhood school system in Clear Lake Elementary, Whiteaker Middle School, and McNary High School. While Clear Lake is close to the neighborhood, due to the structure of the neighborhood with a series of non-connected cul-de-sacs, there is no neighborhood route to the school. Students would need to be on River or Wheatland Rd to get to where the school is located.