Rare opportunity—this is the first time this property has ever been available! Set on 2.53 irrigated acres with 1.73 acres of irrigation water rights, the property is ideal for horses, animals, small-scale farming, or simply enjoying all that Central Oregon has to offer. The 4-bedroom, 2-bathroom 1537 sqft single-level home includes a new roof, two driveways, and a spacious deck to take in Powell Butte and peek-a-boo views of the Cascade peaks. Enjoy the cozy living room with a fireplace, open beams and wood details on cool Autumn and Winter days. Cross fencing, double gates, Storage shed and a horse stall with expansion potential make this a versatile and valuable find! A horse owner's dream setup—dual street access with a gated pasture entry offering flexible movement and access. Don't miss this opportunity! Call your favorite agent today to schedule your private showing.
Active
Price cut: $10K (10/1)
$915,000
62370 Wallace Rd, Bend, OR 97701
4beds
2baths
1,537sqft
Est.:
Single Family Residence
Built in 1973
2.53 Acres Lot
$894,100 Zestimate®
$595/sqft
$-- HOA
What's special
Irrigation water rightsIrrigated acresDual street accessCross fencingHorse stallSpacious deckGated pasture entry
- 106 days |
- 458 |
- 16 |
Zillow last checked: 8 hours ago
Listing updated: November 08, 2025 at 11:33pm
Listed by:
Bend Dreams Realty LLC 541-815-4608
Source: Oregon Datashare,MLS#: 220208540
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Electric, Forced Air, Wood
Cooling
- None
Appliances
- Included: Dryer, Oven, Range, Washer, Water Heater
Features
- Breakfast Bar, Double Vanity, Primary Downstairs, Shower/Tub Combo, Tile Counters, Vaulted Ceiling(s)
- Flooring: Carpet, Vinyl
- Windows: Aluminum 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: 1,537
- Total interior livable area: 1,537 sqft
Property
Parking
- Parking features: Attached Carport, Driveway
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Pool features: None
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 2.53 Acres
- Features: Pasture, Sprinklers In Front, Sprinklers In Rear
Details
- Additional structures: Animal Stall(s), Shed(s)
- Parcel number: 109504
- Zoning description: MUA10
- Special conditions: Standard
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank, Standard Leach Field
- Water: Private, Shared Well
Community & HOA
Community
- Features: Access to Public Lands
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Wallace Acres
HOA
- Has HOA: No
Location
- Region: Bend
Financial & listing details
- Price per square foot: $595/sqft
- Tax assessed value: $785,980
- Annual tax amount: $3,713
- Date on market: 8/31/2025
- Cumulative days on market: 106 days
- Listing terms: Cash,Conventional,VA Loan
- Inclusions: W/D, firewood, 3 rails by horse stall
- Exclusions: fridge, dogrun
- Road surface type: Paved
Estimated market value
$894,100
$849,000 - $939,000
$2,956/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Price change | $915,000-1.1%$595/sqft |
Source:  Oregon Datashare #220208540 Report a problem | ||
| 8/31/2025 | Listed for sale | $925,000$602/sqft |
Source: Oregon Datashare #220208540 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,713 +6.3% | $251,550 +6.1% |
| 2023 | $3,494 +5.2% | $237,120 |
| 2022 | $3,322 +2.5% | $237,120 +6.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,156/mo
Principal & interest
$4417
Property taxes
$419
Home insurance
$320
Climate risks
Neighborhood: 97701
Nearby schools
GreatSchools rating
- 5/10Buckingham Elementary SchoolGrades: K-5Distance: 2.4 mi
- 7/10Pilot Butte Middle SchoolGrades: 6-8Distance: 4.4 mi
- 7/10Mountain View Senior High SchoolGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Elementary: Buckingham Elem
- Middle: Pilot Butte Middle
- High: Mountain View Sr 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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