Active

Price cut: $50K (8/13)

$549,900

47980 NW Waldheim Way, Forest Grove, OR 97116

3beds

1,196sqft

$3,869/mo

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Residential, Single Family Residence

Built in 1955

5.16 Acres Lot

$-- Zestimate^®

$460/sqft

$-- HOA

What's special

Artesian well

Rare property! 2 properties being sold together. 1196 sq ft 3 bed 1.5 bath home on .84 acres is a fixer that has great bones but needs love. 2nd lot is 4.32 treed acres with it's own building approval. This is a great multigenerational situation. Property will not qualify for standard financing. This will need rehab loan or cash or specialized financing or combo land loan on one lot and rehab or cash on house. Close to town but tucked away private treed setting. Elk and Deer frequent the property. Besides having an artesian well there are domestic water rights to a spring also that used to be the water source before the well was drilled. Septic tank was replaced with county inspection in 2024.

409 days
2,232
94

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
Partial bathrooms: 1
Main level bathrooms: 2

Rooms

Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom

Primary bedroom

Features: Bathroom, Hardwood Floors, Double Closet
Level: Main
Area: 150
Dimensions: 15 x 10

Bedroom 2

Features: Hardwood Floors, Closet
Level: Main
Area: 130
Dimensions: 13 x 10

Bedroom 3

Features: Hardwood Floors, Closet
Level: Main
Area: 100
Dimensions: 10 x 10

Dining room

Features: Sliding Doors, Vinyl Floor
Level: Main
Area: 121
Dimensions: 11 x 11

Kitchen

Features: Dishwasher, Free Standing Range, Vinyl Floor
Level: Main
Area: 132
Width: 11

Living room

Features: Fireplace, Hardwood Floors
Level: Main
Area: 252
Dimensions: 18 x 14

Heating

Baseboard, Fireplace(s)

Cooling

None

Appliances

Included: Dishwasher, Free-Standing Range, Electric Water Heater
Laundry: Laundry Room

Features

Closet, Bathroom, Double Closet
Flooring: Hardwood, Vinyl
Doors: Sliding Doors
Windows: Aluminum Frames
Basement: Crawl Space
Number of fireplaces: 1
Fireplace features: Wood Burning

Interior area

Total structure area: 1,196
Total interior livable area: 1,196 sqft

Property

Parking

Total spaces: 3
Parking features: Carport, Driveway, RV Access/Parking, Attached
Attached garage spaces: 3
Has carport: Yes
Has uncovered spaces: Yes

Accessibility

Accessibility features: One Level, Accessibility

Features

Levels: One
Stories: 1
Patio & porch: Patio, Porch
Exterior features: Yard
Has view: Yes
View description: Trees/Woods

Lot

Size: 5.16 Acres
Features: Brush, Private, Trees, Wooded, Acres 5 to 7

Details

Additional structures: RVParking
Parcel number: R774317, R774291
Zoning: EFC

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Residential, Single Family Residence

Materials

Wood Siding
Foundation: Concrete Perimeter
Roof: Tile

Condition

Fixer
New construction: No
Year built: 1955

Utilities & green energy

Sewer: Septic Tank, Standard Septic
Water: Well

Community & HOA

HOA

Has HOA: No

Location

Region: Forest Grove

Financial & listing details

Price per square foot: $460/sqft
Tax assessed value: $407,800
Annual tax amount: $2,646
Date on market: 7/28/2025
Listing terms: Cash,Rehab
Road surface type: Gravel

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/13/2026	Price change	$549,900-8.3%$460/sqft
Source: RMLS (OR) #651182032 Report a problem
6/14/2026	Price change	$599,900-3.2%$502/sqft
Source: RMLS (OR) #651182032 Report a problem
5/6/2026	Price change	$619,900-4.6%$518/sqft
Source: RMLS (OR) #651182032 Report a problem
9/17/2025	Price change	$649,900-7.1%$543/sqft
Source: RMLS (OR) #651182032 Report a problem
8/4/2025	Listed for sale	$699,900$585/sqft
Source: RMLS (OR) #651182032 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,717 +2.7%	$199,090 +3%
2024	$2,646 +3.9%	$193,300 +3%
2023	$2,546 +15.9%	$187,670 +3%
2022	$2,198 +0.7%	$182,210
2021	$2,183 -0.2%	--
2020	$2,188 +2.6%	$171,760 +3%
2019	$2,133 +1.7%	$166,760
2018	$2,097	$166,760 +6.1%
2017	$2,097 +5.6%	$157,200 +3%
2016	$1,986	$152,630 +3%
2015	$1,986 +7.1%	$148,190 +3%
2014	$1,854 +0.2%	$143,880 +3%
2013	$1,851 +1.8%	$139,690 +3%
2012	$1,818 +3.6%	$135,630 -38.9%
2011	$1,755 +0.2%	$221,850 +3.9%
2010	$1,752 +4%	$213,580 -10.7%
2009	$1,685 +3.4%	$239,100 -5.8%
2008	$1,629 +3.3%	$253,710 -7%
2007	$1,577 +7.5%	$272,690 +26.3%
2006	$1,467 +1.3%	$215,830 +21.1%
2005	$1,448	$178,230