Active

$1,398,000

4340 State Highway 38, Drain, OR 97435

3beds

2baths

2,300sqft

Single Family Residence

Built in 1948

5 Acres Lot

$1,287,100 Zestimate^®

$608/sqft

$-- HOA

What's special

Panoramic viewsAbundant wildlifeLeveled hay fieldElk creek frontageMature cedar trees

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.

127 days

333

4

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Fireplace(s), Wood, Other

Cooling

Other

Features

Flooring: Carpet, Simulated Wood
Has fireplace: No
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 2,300
Total interior livable area: 2,300 sqft

Property

Parking

Total spaces: 2
Parking features: Asphalt, Attached
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Covered, Patio
Has view: Yes
View description: Territorial

Lot

Size: 5 Acres

Details

Additional structures: Animal Stall(s), Barn(s), Shed(s)
Parcel number: R36855
Zoning description: EFU
Special conditions: Real Estate Owned

Construction

Type & style

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

Materials

Unknown
Foundation: Other
Roof: Composition

Condition

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: $608/sqft
Tax assessed value: $49,095
Annual tax amount: $2,617
Date on market: 8/14/2025
Cumulative days on market: 127 days
Listing terms: Cash,Conventional
Road surface type: Paved

Foreclosure details

Estimated market value

$1,287,100

$1.21M - $1.35M

$2,305/mo

Price history

Date	Event	Price
9/16/2025	Price change	$1,398,000-3.3%$608/sqft
Source: RMLS (OR) #534897888 Report a problem
7/24/2025	Listed for sale	$1,446,000+313.1%$629/sqft
Source: RMLS (OR) #534897888 Report a problem
10/4/2013	Sold	$350,000$152/sqft
Source: RMLS (OR) #13696862 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$106 +29.4%	$5,136 +161.2%
2023	$82 +1.2%	$1,966 +2.8%
2022	$81 +0.1%	$1,912 +2.9%

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

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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