Yeah, 1940s, Duncan Phyfe, Chippendale, Sheraton classical colonial revival-influenced style. It probably went with a complete dining room set, big among homeowners in the mid 20th century.
This looks like walnut, with a bit of sun fading (?). Maybe it's just the photo. In any case, although well made and certainly worthy of keeping, these pieces are quite common; this one alone would probably fetch less than $200.00