For Sale245d on market
4340 State Highway 38
Drain, OR, 97435 • 97435 • Douglas County
$1,198,000
$521/sqft
-$200,000 since Dec 30, 2025
Down payment assistance available
3Beds
2Baths
2,300Sqft
5 acLot
1948Built
Property DNA
Territorial Views
Territorial
Ranch Style
Built 1948 · 78 years of history
Outdoor Living
Covered · Patio
Special Features
Animal Stall(s) · Barn(s) · Shed(s)
2-Car Garage
Asphalt · Attached
Simulated Wood Floors
Quality flooring throughout
This home is getting attention
Listed 245 days ago · 497 views · 9 saves
Market activity
Demand and pricing signals for this listing
497 views
People checking out this listing
9 saves
Buyers have saved this home
245 days on market
Established listing
$521/sqft
Price per square foot
About this home
Single Family · Built 1948
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, an approx 60x20 ft two-story equipment barn, a approx 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.
Standout features identified
Our analysis highlights panoramic views, abundant wildlife, and leveled hay field as key attractions of this home.
Estimated monthly payment
Based on current rates
$7,813/month
Principal & Interest$6,216
Property Tax$1,198
Insurance$399
Down payment20% ($239,600)
3%50%
Est. 6.75% rate · 30yr fixed · $958,400 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1948
HeatingFireplace(s), Wood, Other
CoolingOther
Parking2 Attached Garage spaces
Lot5 Acres
Days on Zillow245 Days
Price/sqft$521
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleRanch
Year built1948
Stories1
Systems
HeatingFireplace(s), Wood, Other
CoolingOther
RoofComposition
ConstructionUnknown
Water / SewerWell / Septic Tank
Parking & Outdoor
ParkingAsphalt, Attached
Garage2 spaces
Lot5 Acres
Location & Tax
Neighborhood97435
Annual tax$2,617
ParcelR36847
Features & details
8 categories of property features
Interior Features
Flooring
Carpet
Simulated Wood
Heating
Fireplace(s)
Wood
Other
Cooling
Other
Exterior Features
Parking
Asphalt
Attached
Construction
Unknown
Patio & Porch
Covered
Patio
Views
Territorial
Other Structures
Animal Stall(s)
Barn(s)
Shed(s)
Listing insights
Market data and value estimates
StatusFor Sale
Days on market245
Est. rent$1,941/mo
Tax rate0.60%
Price/sqft$521
On marketAug 14, 2025
PostedAug 13, 2025
Last sold$350,000
MLS statusActive
MLS updatedMar 26, 2026
Tour days9
Views497
Favorites9
How are the schools in Drain?
2 schools rated nearby
Location
Drain, OR, 97435
Price history
4 events
DateEventPrice$/sqftSource
Dec 30, 2025Price Change$1,198,000$521RMLS (OR)
Sep 16, 2025Price Change$1,398,000$608RMLS (OR)
Jul 24, 2025Listed For Sale$1,446,000$629RMLS (OR)
Oct 4, 2013Sold$350,000$152RMLS (OR)
Price Change$1,198,000
Dec 30, 2025•$521/sqft•RMLS (OR)
Price Change$1,398,000
Sep 16, 2025•$608/sqft•RMLS (OR)
Listed For Sale$1,446,000
Jul 24, 2025•$629/sqft•RMLS (OR)
Sold$350,000
Oct 4, 2013•$152/sqft•RMLS (OR)
Tax history
11 years of records
YearTax paidAssessed value
Apr 15, 2024$106$5,136
Apr 15, 2023$82$1,966
Apr 15, 2022$81$1,912
Apr 15, 2021$81$1,859
Apr 15, 2020$81$1,811
Apr 15, 2019$81$1,764
Apr 15, 2018$72$656
Apr 15, 2017$72$620
Apr 15, 2016$71$620
Apr 15, 2015$71$602
Apr 15, 2014$145$10,154
Nearby homes
Neighborhood details
Local context around this listing
Drain, OR • Douglas County
Nearby cities
CanyonvilleGlideMyrtle CreekOaklandReedsportRiddleRoseburgSutherlin
Nearby zip codes
9742497435
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