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22345 Highway 22, Sheridan, OR, 97378

2beds
2baths
1,500sqft
$1,750,000
$1,167price/sqft
$10,745/moest. monthly cost
$429,800/yrincome needed

About This Home

Stunning 325-acre property with sweeping valley views & a natural spring. Live in the remodeled 1,500 sqft home while building your dream home on the second site using existing plans or creating your own. 2 wells on-site w/ available Red Prairie water hookup. First home includes a fully finished basement w/ separate access, dog washing station, & 1-car garage. Each home site has its own driveway. Outbuildings: farm stand-ready barn, animal pen barn, shed/horse barn, hay barn, & chicken coop—all with power. Previous Polk County approval for distillery/tasting room. Income potential: Airbnb, farm stand, livestock, ag lease, or equestrian development. Conservation easement on approx 183 acres, apple, pear, & cherry trees, blueberries, grapes, raised garden beds with irrigation. Property eligible for two Bull Elk Tags (8 month hunt) through ODFW Lop Program—an elk hunter’s dream! Priced below appraised value. Appraisal completed on 7/11/25 at $2,055,000.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

3/10
5/10
Willamina Middle SchoolGrades 6-82.2 mi
3/10
Willamina High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 1946

Materials

  • Foundation: Continuous
  • Roof: Composition
  • Construction materials: Fiber Cement,Lap Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Electric Range,Range Included,Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1

Dining Room

  • Features: Area (Combination)

Family Room

  • Level: Main

Features

  • Other(Refer to Remarks)
  • Flooring: Vinyl

Heating

  • Heating features: Electric,Heat Pump

Interior Area

  • Total structure area: 1,500
  • Total interior livable area: 1,500 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Fencing: Fenced
  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 325.24 Acres
  • Features: Landscaped

Parking

  • Total spaces: 1
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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 FloodingVery High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Earthquake
Heat Wave
Ice Storm
Landslide
Lightning
Winter Weather

FEMA Declared Disasters in Polk 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 $8,848$106,176
Home Insurance *$613$7,356
Property Taxes $1,108$13,296
Electricity $176$2,119
Total$10,745$128,940
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$368,400/yr
40% on housing$322,350/yr
45% on housing$286,533/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: 3.9%
3.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,167This listing

vs Other Active Listings

Avg $/sqft

ZIP 97378$351
Polk County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 97378$280
Polk County$277

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
2026-03-09Price change$1,750,000
2026-01-08Listed for sale$1,900,000
2026-01-02Listing removed$2,250,000
2025-03-28Contingent$2,250,000
2025-02-18Listed for sale$2,250,000
2017-11-08Sold$600,000
2017-10-19Pending sale$650,000
2017-09-29Price change$650,000
2017-09-17Price change$350,000
2017-09-15Price change$300,000
2017-06-19Price change$350,000
2017-06-09Price change$695,000
2017-06-08Price change$350,000
2017-06-06Listed for sale$695,000
2017-05-01Listing removed$750,000
2016-08-30Price change$750,000
2016-03-22Price change$899,900
2015-10-09Price change$990,000
2015-08-18Price change$475,000
2014-11-11Listed for sale$499,900

For Sale by Agent

AgentSHANNON LOY
BrokeragePremiere Property Group, Llc Albany

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