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3398 Olive St, Eugene, OR, 97405

5beds
2baths
1,959sqft
$650,000
$332price/sqft
$4,674/moest. monthly cost
$186,960/yrincome needed

About This Home

Enchanting South Eugene Retreat with Rare Space, Character & Unbeatable LocationWelcome to this timeless 1930s charmer tucked into one of South Eugene’s most convenient and sought-after neighborhoods. 5 bedrooms and 2 baths ready for wood stove and Perfectly positioned just moments from Wayne Morse Park, the University of Oregon, local shops, bus lines, and everyday conveniences. This home offers the ideal balance of serenity and accessibility, set on an expansive and beautifully landscaped .45-acre lot, this 5-bedroom, 2-bath home almost feels like your own Hendrick's park.—yet you’re only minutes from everything Eugene has to offer. A twenty minute walk from the Ridgeline trail system and three block walk to Wayne Morse Family Farm with a great dog park, outdoor living is effortlessly woven into daily life here. Inside, classic architectural details shine—coved downstairs and vaulted ceiling upstairs, rich hardwood floors, graceful arches, and built-in features that reflect the home’s enduring character. Sunlight pours through large windows, illuminating spacious living areas designed for both comfort and connection and viewing of abundant wildlife that visit daily. French doors open to a lush garden and patio, while an elevated deck—accessed from the second floor—offers a peaceful perch among the trees.The thoughtful layout provides excellent separation of space, featuring a cozy breakfast nook, and a versatile loft area. Recent updates, including fresh interior paint and improvements to the downstairs bathroom, bring a fresh feel while preserving the home’s original charm.Outside, the possibilities are as expansive as the lot itself. Whether you envision a garden oasis, additional outdoor living spaces, or exploring the potential for a secondary dwelling or lot division (buyer to verify), this property offers rare flexibility in a prime location.At $679,000, this is more than a home—it’s a peaceful, nature-filled lifestyle in the heart of South Eugene.

Getting Around

47
WalkingCar-Dependent
30
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

6/10
Adams Elementary SchoolGrades K-51.2 mi
3/10
8/10
South Eugene High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1935

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Built-In Range,Dishwasher,Electric Water Heater

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1

Features

  • Flooring: Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Stove,Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Ductless,Heat Pump
  • Cooling features: Heat Exchanger

Interior Area

  • Total structure area: 1,959
  • Total interior livable area: 1,959 sqft

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 0634863
  • Zoning: R1

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Patio
  • Exterior features: Garden,Yard
  • Has view: Yes
  • View description: City,Trees/Woods

Lot

  • Lot size: 0.45 Acres
  • Features: Private,Sloped,Trees,SqFt 15000 to 19999

Parking

  • Parking features: Carport,Off Street
  • 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

No climate risk data available.

How This Home’s Risks Compare

FEMA Declared Disasters in Lane County and Oregon

Fire
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 $3,286$39,432
Home Insurance *$150$1,800
Property Taxes $1,061$12,732
Electricity $177$2,133
Total$4,674$56,088
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$160,251/yr
40% on housing$140,220/yr
45% on housing$124,640/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: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$332This listing

vs Other Active Listings

Avg $/sqft

ZIP 97405$246
Lane County$241

vs Homes Sold Last Month

Median $/sqft

ZIP 97405$295
Lane 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
2026-04-17Listed for sale$679,000
2011-06-04Listing removed$289,000
2011-03-11Listed for sale$289,000
2010-02-19Sold$259,900

For Sale by Agent

AgentJohn Davis
BrokerageInEugene Real Estate, LLC

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