4340 State Highway 38, Drain, OR, 97435
About This Home
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, an approx 60x20 ft two-story equipment barn, a approx 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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Foundation: Other
- Roof: Composition
- Construction materials: Unknown
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Flooring: Carpet,Simulated Wood
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Fireplace(s),Wood,Other
- Cooling features: Other
Interior Area
- Total structure area: 2,300
- Total interior livable area: 2,300 sqft
Property
Details
- Parcel number: R36855
- Zoning description: EFU
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Patio
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 5 Acres
Parking
- Total spaces: 2
- Parking features: Asphalt,Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Earthquake
- Inland Flooding
- Ice Storm
- Winter Weather
- Heat Wave
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Douglas County and Oregon
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,057 | $72,684 |
| Home Insurance * | $471 | $5,652 |
| Property Taxes | $2,226 | $26,712 |
| Electricity | $208 | $2,504 |
| Total | $8,962 | $107,544 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-30 | Price change | $1,198,000 |
| 2025-09-16 | Price change | $1,398,000 |
| 2025-07-24 | Listed for sale | $1,446,000 |
| 2013-10-04 | Sold | $350,000 |
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