Surrounded by orchards and horse properties, this exceptional country retreat offers peaceful rural living. It consists of 3 tax lots: an extensively updated beautiful farmhouse on 3 acres with multiple outbuildings, fenced areas for livestock, a chicken coop, multiple fruit trees, a garden area and inviting outdoor space. In addition, there are 13.22 acres plus 4.23 acres of productive grass seed fields, all tucked away at the end of a quiet road. Perfect for hobby farming or a self-sufficient lifestyle.
For sale
Listed by: Re/Max Integrity Corvallis Branch • REBECCA YU • Contact: Direc: 541-760-7380
$960,000
34207 Pennington Ln, Lebanon, OR 97355
3beds
2,869sqft
Single Family Residence
Built in 1969
20.45 Acres Lot
$927,700 Zestimate®
$335/sqft
$-- HOA
What's special
Fenced areas for livestockChicken coopMultiple outbuildingsExtensively updated beautiful farmhouseInviting outdoor spaceGarden areaMultiple fruit trees
- 92 days |
- 448 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
REBECCA YU Direc:541-760-7380,
Re/Max Integrity Corvallis Branch
Source: WVMLS,MLS#: 840325
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Dining room
- Features: Area (Combination)
Heating
- Forced Air, Oil
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Built-In Range, Convection Oven, Electric Range, Microwave, Electric Water Heater
Features
- Office
- Flooring: Carpet, Vinyl
- Basement: Daylight,Finished
- Has fireplace: Yes
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 2,869
- Total interior livable area: 2,869 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, RV Access/Parking
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Patio, Deck
- Fencing: Partial
- Has view: Yes
- View description: Territorial
Lot
- Size: 20.45 Acres
- Features: Dimension Above, Landscaped
Details
- Additional structures: Barn(s), See Remarks, Workshop, Shed(s)
- Parcel number: 00066429
- Zoning: EFU
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Lap Siding
- Foundation: Continuous, Slab
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1969
Details
- Warranty included: Yes
Utilities & green energy
- Sewer: Septic Tank
- Water: Private/Community/Dist, Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Lebanon
Financial & listing details
- Price per square foot: $335/sqft
- Tax assessed value: $528,750
- Annual tax amount: $3,867
- Price range: $960K - $960K
- Date on market: 5/18/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,VA Loan,FHA,ODVA
- Inclusions: Fridge, dishwasher, range, microwave, generator
Estimated market value
$927,700
$881,000 - $974,000
$3,158/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $960,000$335/sqft |
Source:  WVMLS #840325 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,494 +2.5% | $235,844 +2.8% |
| 2024 | $3,409 +2.8% | $229,360 +2.8% |
| 2023 | $3,314 +2% | $223,068 +2.8% |
| 2022 | $3,251 +4.3% | $216,959 +2.8% |
| 2021 | $3,118 +1.9% | $211,022 +2.8% |
| 2020 | $3,059 +2.6% | $205,228 +2.9% |
| 2019 | $2,983 +2.5% | $199,375 +2.9% |
| 2018 | $2,909 | $193,695 +2.9% |
| 2017 | $2,909 +6.8% | $188,185 +9% |
| 2016 | $2,723 +9% | $172,569 +3.9% |
| 2015 | $2,499 +4.5% | $166,076 -9.1% |
| 2014 | $2,392 -3.8% | $182,763 +4.4% |
| 2013 | $2,487 +1058.5% | $175,133 +15.7% |
| 2012 | $215 -91.7% | $151,354 -14.7% |
| 2011 | $2,572 +2.7% | $177,440 +2.9% |
| 2010 | $2,505 +5.4% | $172,400 +2.9% |
| 2009 | $2,376 | $167,499 +2.9% |
| 2008 | $2,376 +2% | $162,739 +2.9% |
| 2007 | $2,328 +6.5% | $158,117 +2.9% |
| 2006 | $2,185 +1.8% | $153,629 +2.9% |
| 2005 | $2,147 +2.7% | $149,273 +2.9% |
| 2004 | $2,091 +7.7% | $145,042 +2.9% |
| 2003 | $1,942 +4.3% | $140,935 +17.5% |
| 2002 | $1,862 | $119,921 -13.9% |
| 2001 | -- | $139,267 +3% |
| 2000 | -- | $135,211 |
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: 97355
Nearby schools
GreatSchools rating
- 5/10Pioneer SchoolGrades: K-5Distance: 2.2 mi
- 6/10Seven Oak Middle SchoolGrades: 6-8Distance: 4.8 mi
- 5/10Lebanon High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Pioneer
- Middle: Seven Oak
- High: Lebanon
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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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