Mel Cardon

4340 State Highway 38

Drain, OR
$ 998,500 Beds 3 Baths 2 Sq 2,300
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 998,500
  • City
  • Drain
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • DOUGLAS
  • Half Bathrooms
  • 0
  • Area
  • 265
  • Lot Size
  • 26 Acres
  • Zip
  • 97435
  • Sqr Footage
  • 2,300
  • Year Built
  • 1948
  • Taxes
  • $ 2617
  • Style
  • Stories1,Ranch
  • MLS#
  • 534897888
Listed By: Land and Wildlife LLC -
Data Source: Regional Multiple Listing Service (RMLSOR)

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Vancouver, WA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School North Douglas Elementary School
Middle School North Douglas Middle School
High 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

Property vs Zip Code Average in 97435

Price
AVG $670K
$1,000K
Taxes
AVG $2,925
$2,617
Year Built
AVG 1946
1948
Visits
AVG 107
333
Data Provided by Inside Real Estate®

Areas That We Cover

4340 State Highway 38 Drain, OR is a Single Family Home for sale at $998500 with 2300 sqft and a lot size of 26 Acres Acre(s). 4340 State Highway 38 Drain has 3 bedrooms, 2 baths and was built in 1948. The property's zip code is 97435 which is in Drain, OR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mel Cardon

Mel Cardon

Real Estate Broker

360-433-8950

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