Opportunity awaits on this 7.81-acre property by Lost Creek Lake in beautiful Prospect, Oregon. With a mix of open meadows and wooded areas, this land offers great potential for someone ready to build their dream home. One side of the property backs up to BLM land, offering added privacy and recreational possibilities. The existing home holds no value and the property will require some cleanup around the homesite—but it's priced to sell and ready for your vision.
The property includes 1 acre of water rights (per seller), an existing well, septic system, and power on site—making it a ready-to-go homesite. A detached garage/shop provides ample storage or workspace, and the garden areas add charm and character.
Seller will consider owner carry with half down!
Buyer and buyer's agent to perform all due diligence and verify all information provided
Pending
$225,000
826 Ulrich Rd, Prospect, OR 97536
2beds
1baths
1,196sqft
Est.:
Single Family Residence
Built in 1963
7.81 Acres Lot
$220,100 Zestimate®
$188/sqft
$-- HOA
What's special
Open meadowsWooded areasBlm landGarden areas
- 273 days |
- 531 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: March 20, 2026 at 10:02am
Listed by:
Windermere RE Southern Oregon 541-476-2000
Source: Oregon Datashare,MLS#: 220205483
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Other
Cooling
- Other
Features
- Flooring: Other
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,196
- Total interior livable area: 1,196 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached Carport, Driveway, Garage Door Opener, Gravel, Shared Driveway, Storage, Workshop in Garage
- Garage spaces: 1
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 7.81 Acres
- Features: Adjoins Public Lands, Garden, Native Plants, Pasture, Sloped, Wooded
Details
- Additional structures: Shed(s), Storage, Workshop
- Parcel number: 1598388
- Zoning description: WR
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Log
- Property subtype: Single Family Residence
Materials
- Foundation: Other
- Roof: Metal
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Private Sewer, Septic Tank, Standard Leach Field
- Water: Well
Community & HOA
Community
- Features: Access to Public Lands
- Subdivision: Prospect Tracts
HOA
- Has HOA: No
Location
- Region: Prospect
Financial & listing details
- Price per square foot: $188/sqft
- Tax assessed value: $275,730
- Annual tax amount: $862
- Date on market: 7/9/2025
- Cumulative days on market: 274 days
- Listing terms: Cash
- Has irrigation water rights: Yes
- Acres allowed for irrigation: 1
- Road surface type: Gravel
Estimated market value
$220,100
$209,000 - $231,000
$1,682/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Pending sale | $225,000$188/sqft |
Source:  Oregon Datashare #220205483 Report a problem | ||
| 9/11/2025 | Price change | $225,000-2.2%$188/sqft |
Source: Oregon Datashare #220205483 Report a problem | ||
| 7/9/2025 | Listed for sale | $230,000+48.4%$192/sqft |
Source: Oregon Datashare #220205483 Report a problem | ||
| 10/16/2003 | Sold | $155,000$130/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $862 +3.2% | $85,942 +3% |
| 2023 | $836 +3.4% | $83,441 |
| 2022 | $809 +3% | $83,441 +3% |
| 2021 | $785 +2.8% | $81,020 +6.1% |
| 2020 | $763 +2.5% | $76,378 +3% |
| 2019 | $744 | $74,158 +3% |
| 2018 | $744 +2.7% | $71,999 |
| 2017 | $725 +2.4% | $71,999 +6.1% |
| 2016 | $708 +2.5% | $67,880 |
| 2015 | $691 +3.2% | $67,880 +6.1% |
| 2014 | $670 +23.9% | $63,992 +3% |
| 2013 | $540 +2.6% | $62,134 +3% |
| 2012 | $527 +2.6% | $60,326 +3% |
| 2011 | $513 +1% | $58,578 +3% |
| 2010 | $508 +2.2% | $56,880 +3% |
| 2009 | $497 -2.3% | $55,232 +3% |
| 2008 | $509 +8.2% | $53,625 +3% |
| 2007 | $471 +3.6% | $52,068 +3% |
| 2006 | $455 +2.3% | $50,561 +3% |
| 2005 | $444 +1.7% | $49,094 +3% |
| 2004 | $437 +2.6% | $47,667 +3.5% |
| 2003 | $426 | $46,074 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,330/mo
Principal & interest
$1189
Property taxes
$141
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Climate risks
Neighborhood: 97536
Nearby schools
GreatSchools rating
- 2/10Prospect Charter SchoolGrades: K-12Distance: 4.3 mi
Local experts in 97536
- Oregon
- Jackson County
- Prospect
- 97536
- 826 Ulrich Rd
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