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203 N Alder St, Wallowa, OR, 97885

4beds
3baths
2,349sqft
$509,000
$217price/sqft
$3,862/moest. monthly cost
$154,480/yrincome needed

About This Home

This beautiful Farmhouse sits proudly on a large corner lot in the small quaint town of Wallowa. Enjoy the front covered porch that feels straight out of a storybook. The back covered porch includes a bench and chairs that provide a peaceful retreat overlooking the properties many charms. A fenced garden, fruit trees, chicken coop with gravity feeders, all on almost 1/2 an acre are a rare find in Wallowa, where the streets are quiet, time moves a little slower, and the mountain views, sunrises & sunsets are an added gift! The beautifully updated home offers open spaces and large rooms. The kitchen has abundant storage and all brand new stainless appliances with adjacent mudroom with newer washer and dryer. The large walk-in pantry adds extra convenience.. 3 bedrooms plus 2 bonus rooms(possible 5 bedrooms). A large gathering room upstairs with leather sectional and full bath offer many options.. There are many updates including a new roof, windows and fresh outside paint, added insulation, some electrical and many other updates and upgrades. Fresh paint on the entire main floor. A recent survey has been done and the new owners will have an opportunity to split off 2 buildable lots. So much is offered on this one. Just a few blocks from all the town of Wallowa has to offer and a short distance to great outdoor recreation such as fishing, hiking, and hunting. Pack your bags and move in, this beauty comes fully furnished with beds, leather couches and all the essentials...Even a front porch swing, back patio chairs, bench and a fabulous picnic area!! You will enjoy the carport, new cedar fencing and storage sheds for all your tools and toy! This is a must see opportunity!!

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
58
BikeBikeable

Schools

5/10
Wallowa Elementary SchoolGrades PK-50.2 mi
8/10
Wallowa Middle SchoolGrades 6-80.2 mi
9/10
Wallowa High SchoolGrades 9-120.2 mi

Construction

Condition

  • Property condition: Resale

Materials

  • Foundation: Block
  • Roof: Metal
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Farmhouse
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Stainless Steel Appliance(s)

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • Partial bathrooms: 1
  • Main level bathrooms: 2

Features

  • Window features: Double Pane Windows,Vinyl Frames

Heating

  • Heating features: Laser Oil Stove,Wood Stove

Interior Area

  • Total structure area: 2,349
  • Total interior livable area: 2,349 sqft

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 5441

Features

  • Levels: Two
  • Stories: 2
  • Has view: Yes
  • View description: Mountain(s)

Lot

  • Lot size: 0.44 Acres
  • Features: Corner Lot,Level,SqFt 15000 to 19999
  • Lot size dimensions: 175 x 110

Parking

  • Parking features: Covered,Off Street,Carport
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Avalanche
    AvalancheModerate
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Winter Weather
Avalanche
Cold Wave
Hail
Ice Storm
Landslide

FEMA Declared Disasters in Wallowa County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,573$30,876
Home Insurance *$423$5,076
Property Taxes $653$7,836
Electricity $213$2,558
Total$3,862$46,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$132,411/yr
40% on housing$115,860/yr
45% on housing$102,986/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$217This listing

vs Other Active Listings

Avg $/sqft

ZIP 97885$90
Wallowa County$193

vs Homes Sold Last Month

Median $/sqft

ZIP 97885
Wallowa County$175

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-27Listed for sale$559,000
2021-10-26Sold$335,000
2021-10-04Pending sale$335,000
2021-10-01Listed for sale$335,000
2019-08-28Listing removed$1,200
2019-06-26Listed for rent$1,200

For Sale by Agent

AgentLarrena Overton
BrokerageWallowa Mountain Properties

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