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    • Price cut: $10K (6/23)
    $350,000

    5481 Gatewood Dr, Klamath Falls, OR 97603

    3beds
    2baths
    1,854sqft
    : 
    $2,289/mo
    Get pre-qualified
    Single Family Residence
    Built in 1977
    8,712 Square Feet Lot
    $348,800 Zestimate®
    $189/sqft
    $-- HOA

    What's special

    Welcome to 5481 Gatewood! This well-maintained 3-bedroom, 2-bath home offers 1,854 sq ft of comfortable living space on an 8,712 sq ft lot. Fresh interior paint creates a bright, clean feel throughout, giving the home a refreshed and inviting atmosphere from the moment you step inside. The updated kitchen, with Corian countertops, adds both style and function, making it a natural gathering place for everyday living and entertaining. Spacious living areas provide flexibility for relaxing or hosting, while the thoughtful layout offers privacy and comfort across all three bedrooms. Both bathrooms have been nicely updated. Outside, the generous lot provides room to enjoy, garden, or create your ideal outdoor retreat. A 2-car garage adds convenience and additional storage. With key updates already completed and a move-in ready feel, 5481 Gatewood is ready for its next chapter.
    149 days
    |
    429
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    eXp Realty LLC. 888-814-9613

    Source: Oregon Datashare,MLS#: 220216512MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Washer, Water Heater
      Features
      • Breakfast Bar, Built-in Features, Ceiling Fan(s), Pantry, Primary Downstairs, Shower/Tub Combo, Solid Surface Counters, Tile Shower, Walk-In Closet(s)
      • Flooring: Laminate
      • Windows: Double Pane Windows, Vinyl Frames
      • Basement: None
      • Has fireplace: Yes
      • Fireplace features: Living Room, Wood Burning
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 1,854
      • Total interior livable area: 1,854 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Driveway, Garage Door Opener, On Street
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Deck, Front Porch
      • Fencing: Fenced
      • Has view: Yes
      • View description: Neighborhood, Territorial
      Lot
      • Size: 8,712 Square Feet
      • Features: Landscaped, Level, Native Plants
      Details
      • Additional structures: Shed(s)
      • Parcel number: R3909014DB01400000
      • Zoning description: SFR
      • Special conditions: Standard

      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: 1977

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Park
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: Gatewood
      HOA
      • Has HOA: No
      Location
      • Region: Klamath Falls

      Financial & listing details

      • Price per square foot: $189/sqft
      • Tax assessed value: $436,790
      • Annual tax amount: $3,279
      • Date on market: 3/6/2026
      • Cumulative days on market: 149 days
      • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
      • Road surface type: Paved

        Estimated market value

        $348,800

        $331,000 - $366,000

        $1,991/mo

        Price history

        DateEventPrice
        6/23/2026Price change$350,000-2.8%$189/sqft
        Source: Oregon Datashare #220216512 Report a problem
        6/11/2026Price change$360,000-2.7%$194/sqft
        Source: Oregon Datashare #220216512 Report a problem
        5/6/2026Price change$370,000-2.6%$200/sqft
        Source: Oregon Datashare #220216512 Report a problem
        3/18/2026Price change$380,000-3.8%$205/sqft
        Source: Oregon Datashare #220216512 Report a problem
        3/6/2026Listed for sale$395,000+119.4%$213/sqft
        Source: Oregon Datashare #220216512 Report a problem
        4/30/2018Sold$180,000+43%$97/sqft
        Source: Public Record Report a problem
        2/28/2011Sold$125,900-3.1%$68/sqft
        Source: Public Record Report a problem
        1/27/2011Pending sale$129,900$70/sqft
        Source: Fannie Mae #77257 Report a problem
        11/17/2010Price change$129,900-7.1%$70/sqft
        Source: foreclosure.com Report a problem
        10/8/2010Price change$139,900-9.7%$75/sqft
        Source: foreclosure.com Report a problem
        9/18/2010Price change$155,000+0.1%$84/sqft
        Source: John L. Scott Klamath Falls Real Estate Report a problem
        9/10/2010Price change$154,900-11.4%$84/sqft
        Source: Fannie Mae #77257 Report a problem
        8/13/2010Price change$174,900+12.8%$94/sqft
        Source: Fannie Mae #77257 Report a problem
        6/11/2010Price change$155,000$84/sqft
        Source: John L. Scott Klamath Falls Real Estate Report a problem
        5/15/2010Listed for sale--
        Source: foreclosure.com Report a problem
        3/17/2010Listing removed$155,000$84/sqft
        Source: John L Scott Real Estate #73826 Report a problem
        12/23/2009Listed for sale$155,000-31.7%$84/sqft
        Source: John L. Scott Klamath Falls Real Estate #5509 Report a problem
        6/11/2007Sold$226,800$122/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,279 +2.8%$189,050 +3%
        2024$3,189 +3.6%$183,550 +3%
        2023$3,079 +2.8%$178,210 +3%
        2022$2,995 +3.1%$173,020 +3%
        2021$2,904 +3.1%$167,990 +3%
        2020$2,817 +2.7%$163,100 +3%
        2019$2,744 +3.3%$158,350 +3%
        2018$2,656 $153,740 +3%
        2017$2,656 +5.4%$149,270 +3%
        2016$2,520 $144,930 +3%
        2015$2,520 +7.4%$140,710 +3%
        2014$2,347 -0.4%$136,620 +3%
        2013$2,356 $132,650 +3%
        2012-- $128,790 +3%
        2011$2,109 +1.2%$125,040
        2010$2,085 +2.1%$125,040 +6.1%
        2009$2,042 +3.5%$117,870 +3%
        2008$1,972 +4.1%$114,440 -39.6%
        2007$1,894 +3.4%$189,426 +3.4%
        2006$1,831 $183,120 +33%
        2004-- $137,690
        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.
        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: 97603

        Getting around

        9 / 100
        Car-Dependent
        19 / 100
        Minimal Transit
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Peterson Elem
        • Middle: Henley Middle
        • High: Henley High

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

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