Active

$249,000

261 Fay Ln, Wolf Creek, OR 97497

2beds

1baths

1,144sqft

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Single Family Residence

Built in 2001

5 Acres Lot

$-- Zestimate^®

$218/sqft

$-- HOA

What's special

Multiple pondsCharming two-story homeOn-demand water heaterLush fernsYear-round creek

Escape to your own private off-grid retreat on 8.92 picturesque acres across two parcels. Surrounded by majestic Douglas firs, mature oaks, and madrones, this serene property features a year-round creek, multiple ponds, and lush ferns, creating a truly tranquil natural setting. Rich in history and originally used as a mining site, the charming two-story home offers 1,144 square feet of living space with 2 bedrooms and 1 bathroom. Whether you're seeking a peaceful summer cabin, a vacation getaway, or a full-time residence, this property offers exceptional potential. The home is powered by an on-site propane tank and generator, with water supplied by a spring-fed well and uphill storage tank. Additional features include an on-demand water heater and a functioning septic system. Offering privacy, natural beauty, and endless possibilities, this unique property is a blank canvas ready for your vision and creativity. Come explore the opportunity to make this special retreat your own.

410 days

1,186

69

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1

Heating

Wood

Cooling

None

Appliances

Included: Cooktop, Microwave, Oven, Range, Refrigerator, Tankless Water Heater

Features

Flooring: Carpet, Vinyl
Windows: Vinyl Frames
Basement: None
Has fireplace: Yes
Fireplace features: Wood Burning
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 1,144
Total interior livable area: 1,144 sqft
Finished area below ground: 0

Property

Parking

Parking features: Driveway, Gravel, No Garage
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Porch
Has view: Yes
View description: Canyon, Mountain(s), Creek/Stream, Panoramic, Ridge, Valley
Has water view: Yes
Water view: Creek/Stream
Waterfront features: Stream, Pond, Creek, Waterfront

Lot

Size: 5 Acres
Features: Marketable Timber, Native Plants, Wooded

Details

Additional structures: Shed(s)
Additional parcels included: R341957, both lots equal 8.92 acres combined
Parcel number: R00122
Zoning description: Rr5; Rural Res 5 Ac
Special conditions: Standard
Horses can be raised: Yes

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Frame
Foundation: Block
Roof: Composition

Condition

New construction: No
Year built: 2001

Utilities & green energy

Sewer: Private Sewer, Septic Tank
Water: Private, Spring

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)

HOA

Has HOA: No

Location

Region: Wolf Creek

Financial & listing details

Price per square foot: $218/sqft
Tax assessed value: $284,640
Annual tax amount: $1,945
Date on market: 5/29/2025
Cumulative days on market: 411 days
Listing terms: Cash,Conventional
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
12/1/2025	Price change	$249,000-10.8%$218/sqft
Source: Oregon Datashare #220202869 Report a problem
10/10/2025	Price change	$279,000-12.5%$244/sqft
Source: Oregon Datashare #220202869 Report a problem
8/24/2025	Price change	$319,000-8.6%$279/sqft
Source: Oregon Datashare #220202869 Report a problem
5/29/2025	Listed for sale	$349,000+675.6%$305/sqft
Source: Oregon Datashare #220202869 Report a problem
10/1/1995	Sold	$45,000$39/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2019	$1,618	$157,620 +3%
2018	$1,618 +2.1%	$153,030 +3%
2017	$1,584 +18.5%	$148,580 +3%
2016	$1,337	$144,260 +3%
2015	$1,337 +6.1%	$140,060 +3%
2014	$1,261 +3.6%	$135,990 +3%
2013	$1,217 +1.6%	$132,030 +3%
2012	$1,198 -0.3%	$128,190 -3%
2010	$1,201 +2.8%	$132,090 +3%
2009	$1,168 -0.7%	$128,260 +3%
2008	$1,177 +5.7%	$124,540 +3%
2007	$1,113 +11%	$120,930 +16%
2005	$1,003 +15.9%	$104,270 +7.9%
2004	$865 +41.8%	$96,640 +39.4%
2003	$610	$69,310 +3%
2002	$610 +283%	$67,300 +130.6%
2001	$159 +12.5%	$29,190
2000	$142	$29,190

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 97497

Getting around

0 / 100

Car-Dependent

Nearby schools

GreatSchools rating

8/10
Manzanita Elementary School
Grades: K-5Distance: 12.1 mi
6/10
Fleming Middle School
Grades: 6-8Distance: 12.1 mi
6/10
North Valley High School
Grades: 9-12Distance: 11.2 mi

Schools provided by the listing agent

Elementary: Manzanita Elem
Middle: Fleming Middle
High: North Valley High

Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.