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2640 Market St, Bonanza, OR, 97623

4beds
3baths
2,785sqft
$465,000
$167price/sqft
$3,329/moest. monthly cost
$133,160/yrincome needed

About This Home

Spacious Home on 1.11 Acres- Bonanza Charm!! Two tax lots with plenty of room inside and out in the small town of Bonanza. The 2001 MF offers 2,785 sq. ft. with a freshly redone interior and exterior, featuring a beautifully remodeled primary bath with bonus room in primary suite and huge walk-in closet, along with new vinyl floors throughout the home. Open, comfortable layout with space for everyone-- living and family room, dining area and kitchen eating areas, along with three more bedrooms and two full bathrooms. Outside you will find a detached garage/shop with cement floor, metal roof, two roll up doors and electricity. There is a nice paddock area and shelter with panels- perfect for a horse or livestock projects. Home has its own well, hooked up to city sewer and Avista for natural gas. Enjoy quiet country living with the convenience of being close to town.

Getting Around

15
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

5/10

Construction

Condition

  • Year built: 2001

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition

Type & Style

  • Home type: MobileManufactured
  • Architectural style: Other
  • Property subType: Manufactured On Land,Manufactured Home

Interior

Appliances

  • Appliances included: Instant Hot Water,Cooktop,Double Oven,Microwave,Refrigerator

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3

Features

  • Kitchen Island,Pantry,Walk-In Closet(s)
  • Flooring: Carpet,Tile
  • Fireplace features: Gas
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

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

Interior Area

  • Total structure area: 2,785
  • Total interior livable area: 2,785 sqft

Property

Details

  • Parcel number: 607668
  • Zoning description: R
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Horses can be raised: Yes

Lot

  • Lot size: 1.11 Acres

Parking

  • Total spaces: 2
  • Parking features: Gravel
  • 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

  • Winter Weather
    Winter WeatherRelatively High
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Wildfire

FEMA Declared Disasters in Klamath 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 $2,351$28,212
Home Insurance *$263$3,156
Property Taxes $463$5,556
Electricity $252$3,032
Total$3,329$39,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$114,137/yr
40% on housing$99,870/yr
45% on housing$88,773/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: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -2.0%
-2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$167This listing

vs Other Active Listings

Avg $/sqft

ZIP 97623$164
Klamath County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 97623$191
Klamath County$207

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
2026-02-27Price change$528,000
2025-11-24Price change$548,600
2025-11-24Price change$728,000
2025-11-06Price change$598,600
2025-11-06Listed for sale$798,600

For Sale by Agent

AgentAndra L Wessel
BrokerageCrater Lake Realty,Inc.

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