Do kids play outside in Drain, OR?

As of early 2026, 100% of users say kids play outside

Is there wildlife in Drain, OR?

As of early 2026, 89% of users say there's wildlife

Would people walk alone at night in Drain, OR?

As of early 2026, 83% of users say people would walk alone at night

Is parking easy in Drain, OR?

As of early 2026, 83% of users say parking is easy

Is Drain, OR dog-friendly?

As of early 2026, 83% of users say it's dog friendly

Is Drain, OR walkable to grocery stores?

As of early 2026, 80% of users say it's walkable to grocery stores

Are yards well-kept in Drain, OR?

As of early 2026, 80% of users say yards are well-kept

Does Drain, OR show holiday spirit?

As of early 2026, 75% of users say there's holiday spirit

Are neighbors friendly in Drain, OR?

As of early 2026, 71% of users say neighbors are friendly

Is Drain, OR walkable to restaurants?

As of early 2026, 60% of users say it's walkable to restaurants

Do residents of Drain, OR plan to stay at least 5 years?

As of early 2026, 57% of users say they plan to stay for at least 5 years

As of early 2026, 50% of users say it's quiet

Are the streets well-lit in Drain, OR?

As of early 2026, 50% of users say streets are well-lit

Does Drain, OR have sidewalks?

As of early 2026, 50% of users say there are sidewalks

Is a car needed in Drain, OR?

As of early 2026, 50% of users say car is needed

What is the estimated monthly payment for 4340 State Highway 38?

Based on a $998,500 list price with 20% down at today's rates, the estimated monthly payment for 4340 State Highway 38 in Drain, OR is approximately $6,150 (about $5,418 principal & interest, $657 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.

What are the closest schools to 4340 State Highway 38?

The closest schools to 4340 State Highway 38 in Drain, OR are North Douglas Elementary School (Middle, rated 5/10), North Douglas High School (rated 7/10).

How big is the lot at 4340 State Highway 38?

The lot at 4340 State Highway 38 in Drain, OR is about 26 acres .

Does 4340 State Highway 38 have a garage?

Yes, 4340 State Highway 38 in Drain, OR has a garage.

FOR SALE

26 ACRES

$998,500

3 Beds
2 Baths
2,300 sqft (on 26 acres)

4340 State Highway 38, Drain, OR 97435

Get Pre-Qualified

Home Highlights

Single-Family Home

Built in 1948

26 acre lot

$434/sqft

Garage

Local Information

Map ViewExplore the area around 4340 State Highway 38.
Schools1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

About this House

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.

Last check for updates: about 8 hours ago

Listing courtesy of Timothy O'Neil, (541) 480-3682

Land and Wildlife LLC

Marita Benzel, (541) 733-8574

RE/MAX Integrity

Source: RMLS (OR), MLS#534897888

Home Details for 4340 State Highway 38

Active Status
MLS Status: Active

Interior Features
Interior Details Number of Rooms: 1Types of Rooms: Master Bedroom
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout Living Area: 2300 Square Feet
Heating & Cooling Heating: OtherNo CoolingNo Heating
Fireplace & Spa Number of Fireplaces: 2Fireplace: Wood BurningHas a Fireplace
Levels, Entrance, & Accessibility Stories: 1Levels: One
View Has a ViewView: Creek/Stream, Territorial

Exterior Features
Exterior Home Features Roof: Composition
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Covered,Other,Detached
Frontage WaterfrontWaterfront: CreekRoad Surface Type: PavedOn Waterfront
Water & Sewer Sewer: Septic TankWater Body: Elk Creek

Days on Market
Days on Market: 11

Property Information
Year Built Year Built: 1948
Property Type / Style Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Ranch
Building Construction Materials: OtherNot a New ConstructionNot Attached Property
Property Information Condition: ResaleParcel Number: R36855

Price & Status
Price List Price: $998,500Price Per Sqft: $434

Location
Direction & Address City: Drain
School Information Elementary School: North DouglasJr High / Middle School: North DouglasHigh School: North Douglas

Agent Information
Listing Agent Listing ID: 534897888

Building
Building Area Building Area: 2300 Square Feet

Community
Not Senior Community

HOA
No HOA

Lot Information
Lot Area: 26 Acres

Offer
Listing Terms: Cash, Conventional

Miscellaneous
Mls Number: 534897888Water ViewWater View: Creek/Stream

Around this home

North Douglas Elementary School
K-8
Public
254 Students
North Douglas School District 22
5/10
GreatSchools Rating
Parent Rating Average
My kids have been at the school for 12 almost 13 years. I have no complaints. If I did I went to the administration and they took care of it. I found it easy to talk to the principal, teachers, staff and administrators. The school ahs a homey feel once you get to know the staff. I feel my kids are safe here!
Parent Review
8y ago
2 Reviews

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Drain

At least 4 Trulia users voted on each feature.

100 % Say kids play outside
89 % Say there's wildlife
83 % Say people would walk alone at night
83 % Say parking is easy
83 % Say it's dog friendly
80 % Say it's walkable to grocery stores
80 % Say yards are well-kept
75 % Say there's holiday spirit
71 % Say neighbors are friendly
60 % Say it's walkable to restaurants
57 % Say they plan to stay for at least 5 years
50 % Say it's quiet
50 % Say streets are well-lit
50 % Say there are sidewalks
50 % Say car is needed

Sourced by Trulia users. Learn more about our methodology.

Kariannpeck
Resident
2y ago
"Potlucks and people are friendly and we have parades and we have some amazing shops and restaurants are amazing. "
0
Flag
J
Resident
7y ago
"Love the little five lane bowling alley,, (which also sponsors, yoga, classes, murder mystery theater, etc,) the community swimming pool, library, martial arts, grocery store, US Bank, deli other eateries, even a pub, people love and support the local schools, churches, there is a dispensary, hair salon, liquor store so really no matter who you are, you could be here and never really have to leave to get every thing you need except clothing"
3
Flag

Market trends in Drain

Last updated August 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

2MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
7896 State Highway 38, Drain, OR	3.09	Single-Family Home	$500,000	02/13/26	4	2	2,020
645 Division Ave, Drain, OR	3.49	Single-Family Home	$275,000	10/20/25	3	2	1,288
427 Date St, Drain, OR	3.59	Single-Family Home	$375,000	06/11/26	3	3	1,416
314 S Cedar St, Drain, OR	3.71	Single-Family Home	$263,000	01/15/26	3	2	1,236
845 S Cedar St, Drain, OR	3.70	Single-Family Home	$340,000	12/05/25	3	2	1,146
422 Elder St, Drain, OR	3.55	Single-Family Home	$295,000	04/23/26	3	1	1,008
405 Lane Ave, Drain, OR	3.68	Single-Family Home	$315,000	01/07/26	3	1	1,404
5339 HARDSCRABBLE RD, Drain, OR	4.26	Single-Family Home	$652,000	03/20/26	3	4	2,011
430 Division Ave, Drain, OR	3.64	Single-Family Home	$289,000	05/11/26	2	1	1,338
191 Hedrick Creek Ave, Drain, OR	3.98	Single-Family Home	$275,000	11/07/25	3	2	1,399

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
190 Putnam Valley Rd, Drain, OR 97435	0.75	$349,600	3	2	1,296	Off Market
140 Putnam Valley Rd, Drain, OR 97435	0.78	$451,400	3	2	1,620	Off Market
State Highway 38, Drain, OR 97435	0.88	$25,000	-	-	-	For Sale
272 Snell Rd, Drain, OR 97435	1.23	$397,900	2	2	2,039	Off Market
Cole Ln, Drain, OR 97435	1.28	-	-	-	-	Off Market
2766 State Highway 38, Drain, OR 97435	1.31	$419,300	3	2	1,752	Off Market

Price and Tax history

Date	Event	Price
Sep 11, 2026 Source: RMLS (OR) #534897888	PendingToActive	$998,500
Sep 3, 2026 Source: RMLS (OR) #534897888	Pending	$998,500
Aug 6, 2026 Source: RMLS (OR) #534897888	PriceChange	$998,500 Price decreased by 17%
Dec 30, 2025 Source: RMLS (OR) #534897888	PriceChange	$1,198,000 Price decreased by 14%
Sep 16, 2025 Source: RMLS (OR) #534897888	PriceChange	$1,398,000 Price decreased by 3%
Jul 24, 2025 Source: RMLS (OR) #534897888	Listed For Sale	$1,446,000

Year	Property tax	Tax assessment
2025	$2,699	$442,224

LGBTQ Local Legal Protections

Additional Cost

Timothy O'Neil, Land and Wildlife LLC

Agent Phone: (541) 480-3682

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-09-22 00:14:05 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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26.5 ACRES
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Frequently asked questions about 4340 State Highway 38

What is the estimated monthly payment for 4340 State Highway 38?
Based on a $998,500 list price with 20% down at today's rates, the estimated monthly payment for 4340 State Highway 38 in Drain, OR is approximately $6,150 (about $5,418 principal & interest, $657 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
What are the closest schools to 4340 State Highway 38?
The closest schools to 4340 State Highway 38 in Drain, OR are North Douglas Elementary School (Middle, rated 5/10), North Douglas High School (rated 7/10).
How big is the lot at 4340 State Highway 38?
The lot at 4340 State Highway 38 in Drain, OR is about 26 acres.
Does 4340 State Highway 38 have a garage?
Yes, 4340 State Highway 38 in Drain, OR has a garage.

4340 State Highway 38, Drain, OR 97435 is a 3 bedroom, 2 bathroom, 2,300 sqft single-family home built in 1948. This property is currently available for sale and was listed by RMLS (OR) on Jul 24, 2025. The MLS # for this home is MLS# 534897888.

$998,500

4340 State Highway 38, Drain, OR 97435

Home Highlights

Local Information

About this House

Home Details for 4340 State Highway 38

Active Status

Interior Features

Exterior Features

Days on Market

Property Information

Price & Status

Location

Agent Information

Building

Community

HOA

Lot Information

Offer

Miscellaneous