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    • $998,500

    4340 State Highway 38, Drain, OR 97435

    3beds
    2,300sqft
    : 
    $6,769/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1948
    26 Acres Lot
    $-- Zestimate®
    $434/sqft
    $-- HOA

    What's special

    Panoramic viewsLeveled hay fieldRecreational spaceMature cedar treesGated half-mile private drive
    Owner Will Carry: Golden opportunity here for all buyers. Our Seller has offered to carry the note on this beautiful property. Terms would be $300,000 down payment, Amortized over 30 years, with a balloon payment at the end of 5 years with an interest rate of 5% - 26+/- acre estate with a 2300 sq ft, 3-bedroom, 2-bathroom home offering panoramic views and abundant wildlife including elk, deer, and bear. Features 0.50 miles of Elk Creek frontage with excellent trout and steelhead fishing, a leveled hay field, and robust infrastructure. Includes a gated, half-mile private drive, well, septic system, a 60x20 ft two-story equipment barn, a 40x60 ft two-story horse barn with eight stalls and a tack room, a recreational space, and a guest room with private bath. Landscape boasts mature cedar trees. Conveniently located near Highway 38, 40 minutes from coastal towns, and in the North Douglas High School District.
    29 days
    526
    53

    Zillow last checked:

    Listing updated:

    Listed by:

    Timothy O'Neil 541-480-3682,

    Land and Wildlife LLC,

    Marita Benzel 541-733-8574,

    RE/MAX Integrity

    Source: RMLS (OR),MLS#: 534897888MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
      Primary bedroom
      • Level: Lower
      Heating
      • Other
      Features
      • Number of fireplaces: 2
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 2,300
      • Total interior livable area: 2,300 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Covered, Other, Detached
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Has view: Yes
      • View description: Creek/Stream, Territorial
      • Has water view: Yes
      • Water view: Creek/Stream
      • Waterfront features: Creek
      • Body of water: Elk Creek
      Lot
      • Size: 26 Acres
      • Features: Acres 5 to 7
      Details
      • Parcel number: R36855
      • Zoning: EFU

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Residential, Single Family Residence
      Materials
      • Other
      • Roof: Composition
      Condition
      • Resale
      • New construction: No
      • Year built: 1948

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Drain

      Financial & listing details

      • Price per square foot: $434/sqft
      • Tax assessed value: $442,224
      • Annual tax amount: $2,617
      • Date on market: 7/24/2025
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/11/2026Listed for sale$998,500$434/sqft
        Source: RMLS (OR) #534897888 Report a problem
        9/3/2026Pending sale$998,500$434/sqft
        Source: RMLS (OR) #534897888 Report a problem
        8/6/2026Price change$998,500-16.7%$434/sqft
        Source: RMLS (OR) #534897888 Report a problem
        12/30/2025Price change$1,198,000-14.3%$521/sqft
        Source: RMLS (OR) #534897888 Report a problem
        9/16/2025Price change$1,398,000-3.3%$608/sqft
        Source: RMLS (OR) #534897888 Report a problem
        7/24/2025Listed for sale$1,446,000$629/sqft
        Source: RMLS (OR) #534897888 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,699 +3.1%$260,138 +2.8%
        2024$2,617 -17.9%$252,998 -17.7%
        2023$3,187 +3%$307,321 +3%
        2022$3,095 +2.8%$298,426 +3%
        2021$3,010 +4.2%$289,759 +3%
        2020$2,888 +2.4%$281,320 +3%
        2019$2,822 +1.9%$273,130 +2.5%
        2018$2,768 $266,552
        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.
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 97435

        Getting around

        0 / 100
        Car-Dependent
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: North Douglas
        • Middle: North Douglas
        • High: North Douglas

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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