$998,500
 $5,360 est/mo Sourced by Back At You

4340 State Highway 38,Drain, OR 97435

Drain, OR 97435

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Description

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

MLS #534897888
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1948
Days On Site419
Listing Provided ByLand and Wildlife LLC | Timothy O'Neil

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet2,300
Garage2
Story(s)1
ZoningEFU
Acreage26.00
Water FrontYes
Property ViewCreekStream, Territorial

Interior

HeatingOther
Heating YnNo
Cooling YnNo

Exterior

RoofComposition

Parking

Attached Garage YnNo
Parking FeaturesCovered, Other

Taxes

Property2617

Area Information

StateOR
CountyDouglas
CityDrain
Zip Code97435
School DistrictNorth Douglas
Elementary SchoolNorth Douglas
High SchoolNorth Douglas
Listing VS Median (in 97435)
Price:
$998,500
low | high
Med:
$310,000
100% of Average
sqft:
2,300
low | high
Med:
1,298
93.586956521739% of Average
$ / sqft:
$434
low | high
Med:
$239
94.956959216662% of Average
On site:
419
low | high
Med:
29.5
100% of Average
Sourced by Back At You

Market Activity 97435

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Learn More About This Property

StateOR
CountyDouglas
CityDrain
Zip Code97435
School DistrictNorth Douglas
Elementary SchoolNorth Douglas
High SchoolNorth Douglas
Listing VS Median (in 97435)
Price:
$998,500
low | high
Med:
$310,000
100% of Average
sqft:
2,300
low | high
Med:
1,298
93.586956521739% of Average
$ / sqft:
$434
low | high
Med:
$239
94.956959216662% of Average
On site:
419
low | high
Med:
29.5
100% of Average
Sourced by Back At You
Listing Updated: September 11, 2026 at 11:35:35 AM PDT
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