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74822 Lower Diamond Ln, Wallowa, OR 97885 — photograph 1

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74822 Lower Diamond Ln, Wallowa, OR 97885 — photograph 1
3 Beds2 Baths1,688 sqft

74822 Lower Diamond Ln, Wallowa

$1,200,000

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ActiveMLS®: 650060183Listing held by another brokerage, marked RMLS
Price per sqft
$710.90
Built in
1953
Property size
1,688 sqft
Lot size
125.72 acres
Property type
Residential
Days on market
24

Overview

Despite the name, The Werst Ranch is a really nice place. Owned by the Werst Family since approximately 1947, this 125.72± acre ranch offers a rare combination of agriculture, recreation, river frontage, and history in beautiful Wallowa County.The property includes approximately 53.26± acres of flood-irrigated pasture with water rights dating to 1893, 1897, and 1905, plus approximately 55.3± acres of non-irrigated pasture. Approximately 4,220± feet of Wallowa River frontage provides exceptional scenery, wildlife habitat, and fishing for rainbow trout, steelhead, and bull trout. Numerous springs, mature willow and cottonwood trees, and a rich agricultural heritage add to the property's character.Grazing is leased through April 1, 2027, with approximately 70 cow/calf pairs utilizing the property from May 1-July 20 and September 1-October 30. A distant Werst Family relative currently leases the grazing and would like to continue.Improvements include a 1,688± SF 3-bedroom, 2-bath home; 1,344± SF machine shed/shop; smaller workshop; greenhouse; 448± SF RV storage building; antique dairy barn; corrals; and cross-fenced pasture.Located in Minam Hunting Unit 60, the ranch offers excellent elk and whitetail deer hunting. Weaver Pond is directly across the road for additional fishing opportunities. Just over 30 minutes to Joseph and approximately 50 minutes to La Grande.Information is from sources deemed reliable but is not guaranteed. Buyer to independently verify all information.

Details

Interior

Fireplace
Yes
Fireplaces
2
Fireplace description
Propane, Wood Burning
Cooling
No
Cooling description
None
Heating
Yes
Heating description
Baseboard, Forced Air, Wood Stove

Exterior and lot

Lot size
125.72 acres
Exterior features
Corral, Covered Deck, Fenced, Outbuilding, Yard
Lot features
Irrigated / Irrigation Equipment, Pasture, Stream, Trees, Wooded
Architectural style
One Story
Roof
Metal
View
Yes
View description
Mountain, River, Valley

Utilities

Sewer
Septic Tank
Water source
Private, Well

Parking

Garage spaces
0
Parking
Carport, Driveway
Total parking
0

Schools

High school
Wallowa
Middle school
Wallowa
Elementary school
Wallowa

Location

City
Wallowa
County
Wallowa
Zoning
EFU

Taxes and dues

Annual taxes
$2,026 (2025)

Location

74822 Lower Diamond Ln, Wallowa, OR 97885

Map showing the location of 74822 Lower Diamond Ln, Wallowa, OR 97885
© Mapbox © OpenStreetMap

Monthly payment estimate

$6,556 /mo

20% · $240,000
7.00%
Principal and interest
$6,387
Property tax (2025)
$169
Total
$6,556

Estimate only, and not an offer of credit. Assumes 20% down ($240,000) 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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