Active

$249,000

261 Fay Ln, Wolf Creek, OR 97497

2beds

1baths

1,144sqft

$1,617/mo

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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.

462 days
933
68

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: 462 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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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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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.