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23060 E Wallace Ave, Welches, OR, 97067

2beds
1baths
676sqft
$399,000
$590price/sqft
$2,805/moest. monthly cost
$112,200/yrincome needed

About This Home

Originally built in 1935, the Benson Cabin remained in the same family for more than 60 years before thoughtful updates preserved its original mountain charm. Located just a block from the Sandy River, you can hear the sounds of the water from both the front porch and backyard.Enter through the tiled mudroom, perfect for shedding wet gear after a day on the mountain. The space also includes a stack washer and dryer for convenience. Inside, the living room showcases a beautiful stone fireplace with a wood stove insert, ideal for cozy Mt. Hood evenings. Original wood floors, knotty pine walls, and glossy wood ceilings maintain the authentic 1930s cabin character. Just off the living room, the covered front porch invites morning coffee and book reading afternoons.The updated kitchen offers plenty cabinet storage, built-in microwave, dishwasher, and a cozy dining nook. Two bedrooms sit off the main living area. The primary bedroom features a walk-in closet and slider to the back deck. Above the second bedroom is a hidden loft complete with carpeting, heat, and skylight—perfect as a kids’ hideaway or extra storage space.Currently operating as a successful Airbnb, the cabin is dog friendly with a fully fenced backyard. Additional amenities include a garage for compact vehicles, attached storage for mountain gear, a garden shed, and even a chicken coop for full-time living potential. Grocery stores, coffee shops, and restaurants are all within five minutes, making this an ideal mountain getaway or investment opportunity.

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

10/10
8/10
Welches Middle SchoolGrades 6-81.9 mi
5/10
Sandy High SchoolGrades 9-1214.8 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1935

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction materials: Frame,Wood Siding,Shake Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Range,Free-Standing Refrigerator,Microwave,Stainless Steel Appliance(s),Washer/Dryer,Electric Water Heater

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: Closet, Wallto Wall Carpet
  • Level: Main
  • Area: 56

Bedrooms & Bathrooms

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

Dining Room

  • Features: Dishwasher, Kitchen Dining Room Combo, Microwave,Laminate Flooring, Wood Floors
  • Level: Main

Features

  • Closet,Kitchen Dining Room Combo,Walk-In Closet(s),Storage,Tile
  • Door features: Sliding Doors
  • Window features: Wood Frames,Skylight(s)
  • Flooring: Tile,Wall to Wall Carpet,Wood,Laminate,Dirt
  • Number of fireplaces: 1
  • Fireplace features: Insert,Wood Burning
  • Fireplace: Yes

Heating

  • Heating features: Wood Stove

Interior Area

  • Total structure area: 676
  • Total interior livable area: 676 sqft

Kitchen

  • Features: Dishwasher, Kitchen Dining Room Combo, Microwave,Free Standing Range, Free Standing Refrigerator, Tile Floor
  • Level: Main
  • Area: 104

Living Room

  • Features: Deck, Fireplace Insert,Wood Floors
  • Level: Main
  • Area: 240

Master Bedroom

  • Features: Deck, Sliding Doors,Walkin Closet, Wallto Wall Carpet
  • Level: Main
  • Area: 160

Property

Accessibility

  • Accessibility features: One Level,Accessibility

Details

  • Parcel number: 00733683
  • Zoning: RR

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered Deck,Porch,Deck
  • Exterior features: Yard
  • Fencing: Fenced
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 6,969 sqft
  • Features: Corner Lot,Level,Trees,SqFt 7000 to 9999
  • Lot size dimensions: 108 x 70

Parking

  • Parking features: Driveway,Detached
  • Has uncovered spaces: 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

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Volcanic Activity
    Volcanic ActivityRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Avalanche
    AvalancheModerate
  • Earthquake
    EarthquakeModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Volcanic Activity
Winter Weather
Avalanche
Earthquake
Strong Wind
Wildfire

FEMA Declared Disasters in Clackamas 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 $2,017$24,204
Home Insurance *$83$996
Property Taxes $529$6,348
Electricity $176$2,119
Total$2,805$33,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,171/yr
40% on housing$84,150/yr
45% on housing$74,800/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: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$590This listing

vs Other Active Listings

Avg $/sqft

ZIP 97067$159
Clackamas County$305

vs Homes Sold Last Month

Median $/sqft

ZIP 97067$304
Clackamas County$294

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
2026-07-14Price change$399,000
2026-06-12Listed for sale$419,000
2021-01-15Listing removed--
2020-10-28Pending sale$299,999
2020-10-27Sold$285,000
2020-10-23Price change$299,999
2020-10-12Listed for sale$320,000

For Sale by Agent

AgentLiz Warren
BrokeragePremiere Property Group LLC

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