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4340 State Highway 38, Drain, OR 97435 — photograph 1

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4340 State Highway 38, Drain, OR 97435 — photograph 1
3 Beds2 Baths2,300 sqft

4340 State Highway 38, Drain

$998,500

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ActiveMLS®: 534897888Listing held by another brokerage, marked RMLS
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

Map showing the location of 4340 State Highway 38, Drain, OR 97435
© Mapbox © OpenStreetMap

Monthly payment estimate

$5,533 /mo

20% · $199,700
7.00%
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.

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