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4340 State Highway 38, Drain
$998,500
Save- Price per sqft
- $434.13
- Built in
- 1948
- Property size
- 2,300 sqft
- Lot size
- 26 acres
- Property type
- Residential
- Days on market
- 415
Overview
Owner Will Carry: Golden opportunity here for all buyers. Our Seller has offered to carry the note on this beautiful property. Terms would be $300,000 down payment, Amortized over 30 years, with a balloon payment at the end of 5 years with an interest rate of 5% - 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, a 60x20 ft two-story equipment barn, a 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.
Details
Interior
- Fireplace
- Yes
- Fireplaces
- 2
- Fireplace description
- Wood Burning
- Cooling
- No
- Heating
- No
- Heating description
- Other
Exterior and lot
- Lot size
- 26 acres
- Architectural style
- One Story, Ranch
- Roof
- Composition
- View
- Yes
- View description
- Creek / Stream, Territorial
Utilities
- Sewer
- Septic Tank
- Water source
- Well
Parking
- Garage spaces
- 2
- Parking
- Covered, Other
- Total parking
- 2
Schools
- High school
- North Douglas
- Middle school
- North Douglas
- Elementary school
- North Douglas
Location
- City
- Drain
- County
- Douglas
- Zoning
- EFU
Taxes and dues
- Annual taxes
- $2,617 (2024)
Location
4340 State Highway 38, Drain, OR 97435

Monthly payment estimate
$5,533 /mo
- Principal and interest
- $5,314
- Property tax (2024)
- $218
- Total
- $5,533
Estimate only, and not an offer of credit. Assumes 20% down ($199,700) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
































