Waterfront - Seller Financing
Address
4340 State Highway 38, Drain, OR
Price
$ 998,500
Property Attributes
- MLS#534897888
- TypeSingle Family
- Listing Status Active
- CountyDOUGLAS
- CityDrain
- Area265
- Zip97435
- StyleStories1,Ranch
- Year Built1948
- Taxes$ 2617
- Price$ 998,500
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2300
- Lot Size26 Acres
Data Source:
Regional Multiple Listing Service (RMLSOR)
Property Description
Owner Will Carry: Golden opportunity here for all buyers. Our Seller has offered to carry the note on this beautiful property. Terms would be $300,000 down payment, Amortized over 30 years, with a balloon payment at the end of 5 years with an interest rate of 5% - 26+/- acre estate with a 2300 sq ft, 3-bedroom, 2-bathroom home offering panoramic views and abundant wildlife including elk, deer, and bear. Features 0.50 miles of Elk Creek frontage with excellent trout and steelhead fishing, a leveled hay field, and robust infrastructure. Includes a gated, half-mile private drive, well, septic system, a 60x20 ft two-story equipment barn, a 40x60 ft two-story horse barn with eight stalls and a tack room, a recreational space, and a guest room with private bath. Landscape boasts mature cedar trees. Conveniently located near Highway 38, 40 minutes from coastal towns, and in the North Douglas High School District.
| Elementary School | Middle School | High School |
|---|---|---|
| North Douglas Elementary School | North Douglas Middle School | North Douglas High School |
| Price History | |
|---|---|
| 7/24/2025 | Listed $1,446,000 |
| 9/16/2025 | 4$1,398,000 |
| 12/30/2025 | 15$1,198,000 |
| 8/7/2026 | 17$998,500 |
General Features
| Sewer | SepticTank |
|---|---|
| Heating | Other |
| Roof | Composition |
| Zoning | EFU |
| Garage Spaces | 2.0 |
| Architectural Style | Stories1,Ranch |
| Year Built | 1948 |
| Stories Count | 1 |
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2024 |
| Parcel Number | R36855 |
| Waterfront Features | Creek |
| County | Douglas |
| Property Type | Residential |
| HOA | No |
| Full Baths | 2 |
| Status | Active |
| Directions | Jack Creek Rd |
| High School | North Douglas |
| City | Drain |
| Body of Water | Elk Creek |
| Disclosures | Disclosure |
| MLS Area | _265 |
| Lot Size Square Feet | 1132560.0 |
| Listing Terms | Cash,Conventional |
| Elementary School | North Douglas |
| Tax Annual Amount | 2617.28 |
| Middle/Junior High School | North Douglas |
| Property Condition | Resale |
| Standard Status | Active |
| Accessory Dwelling Unit Y/N | No |
| ViewDescription | CreekStream,Territorial |
| Legal Description | TRACT M&B V142 P47 (IN FIRE) SEE R36847 FOR BAL TL,ACRES 5.00 |
| SeniorCommunityYn | False |
| ADU | False |
Interior Features
| Total Fireplaces | 2 |
|---|---|
| Fireplace Features | WoodBurning |
| Total Bathrooms | 2.0 |
| FuelDescription | Other,WoodBurning |
| Total Bedrooms | 3 |
| Total Baths | 2 |
Exterior Features
| Parking Features | Covered,Other |
|---|---|
| Water Source | Well |
| Total Parking | 2.0 |
| Garage Type | Detached |
| Exterior Description | Other |
| Building Area Total | 2300.0 |
| Lot Size Acres | 26.0 |
| Road Surface Type | Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97435
Price
Taxes
Year Built
Visits
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than Eugene are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 12, 2026 7:51 PM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
