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2456 Phillips Way, Lebanon, OR, 97355

4beds
4baths
2,876sqft
$525,000
$183price/sqft
$3,375/moest. monthly cost
$135,000/yrincome needed

About This Home

Brand-new construction on a quiet dead-end street with space to grow! Thoughtfully designed for today's lifestyle, this 4-bedroom home features walk-in closets in every bedroom, including a luxurious primary suite with a tiled walk-in shower. The open kitchen boasts an oversized island, while a covered patio, large main-level laundry/mudroom, and second upstairs laundry add everyday convenience. Quality, comfort, and functionality throughout!

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
66
BikeBikeable

Schools

6/10
Cascades SchoolGrades K-50.2 mi
6/10
Seven Oak Middle SchoolGrades 6-81.5 mi
5/10
Lebanon High SchoolGrades 9-120.5 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

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,Microwave,Range Included,Gas Water Heater
  • Laundry features: Main Level

Bedroom2

  • Level: Upper

Bedroom3

  • Level: Upper

Bedroom4

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Features: Area (Combination)
  • Level: Main

Features

  • Mudroom
  • Flooring: Carpet,Tile
  • Fireplace features: Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,876
  • Total interior livable area: 2,876 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered Patio
  • Fencing: Fenced

Lot

  • Lot size: 6,970 sqft
  • Features: Landscaped

Parking

  • Total spaces: 2
  • Parking features: Detached
  • 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
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Lightning
Strong Wind

FEMA Declared Disasters in Linn 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 $2,654$31,848
Home Insurance *$141$1,692
Property Taxes $319$3,828
Electricity $261$3,132
Total$3,375$40,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,714/yr
40% on housing$101,250/yr
45% on housing$90,000/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: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$183This listing

vs Other Active Listings

Avg $/sqft

ZIP 97355$250
Linn County$240

vs Homes Sold Last Month

Median $/sqft

ZIP 97355$259
Linn County$285

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
2026-07-31Listed for sale$525,000
2026-07-28Listing removed$535,000
2026-05-18Listed for sale$535,000

New Construction

AgentLAURA GILLOTT
BrokerageKeller Williams Realty Mid-Willamette - Gillott Team

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