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493 Park St, Lebanon, OR, 97355

3beds
1baths
1,344sqft
$275,000
$205price/sqft
$2,123/moest. monthly cost
$84,920/yrincome needed

About This Home

3-bed, 1.5-bath home with great potential in Lebanon. Functional floor plan with good natural light and a solid layout ready for updates. An additional bonus area offers flexibility for a possible 4th bedroom, office, or finished workspace. Property is in need of repairs and is being sold as-is, presenting an excellent opportunity for investors, flippers, or buyers looking to build equity OREF forms preferred

Getting Around

74
WalkingVery Walkable
0
TransitVery Limited Transit
71
BikeVery Bikeable

Schools

4/10
Pioneer SchoolGrades K-60.8 mi
6/10
Seven Oak Middle SchoolGrades 6-82.2 mi
5/10
Lebanon High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1935

Materials

  • Foundation: Continuous
  • Roof: Composition
  • Construction materials: Cedar,Shake Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Upper
  • Area: 96

Bedroom3

  • Level: Upper
  • Area: 108

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Formal
  • Level: Main
  • Area: 90

Features

  • High Speed Internet
  • Flooring: Wood
  • Fireplace features: Gas,Living Room
  • Fireplace: Yes

Interior Area

  • Total structure area: 1,344
  • Total interior livable area: 1,344 sqft

Living Room

  • Level: Main
  • Area: 216

Master Bedroom

  • Level: Main
  • Area: 90

Property

Details

  • Parcel number: 00187464

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Purple
  • Fencing: Fenced

Lot

  • Lot size: 6,534 sqft

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

  • Earthquake
    EarthquakeRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Strong Wind
Heat Wave
Inland Flooding
Lightning
Winter Weather

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 $1,390$16,680
Home Insurance *$74$888
Property Taxes $483$5,796
Electricity $176$2,119
Total$2,123$25,476
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,788/yr
40% on housing$63,690/yr
45% on housing$56,613/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

$205This listing

vs Other Active Listings

Avg $/sqft

ZIP 97355$251
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)

No zestimate history available

Price History

DateEventPrice
2026-04-06Listed for sale$275,000
2022-07-25Sold$330,000
2022-06-20Contingent$315,000
2022-06-14Listed for sale$315,000
2018-07-16Sold$192,000
2018-06-26Listed for sale$195,000
2009-10-30Sold$55,100
2009-09-06Listed for sale$54,450
2006-05-23Sold$97,000

For Sale by Agent

AgentANDREA BEEM
BrokerageExp Realty, Llc

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