NOT LISTED FOR SALE

40166 Gates School Rd Gates, OR 97346

Estimated Value: $936,010 - $951,000

3 Beds
2.5 Baths
2,036 Sq Ft
$463/Sq Ft Est. Value

Sale Details

Date Sold: February 5, 2026

Last sale price $950,000 $467 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,623 / mo

103 Days on Market

Highlights

  • RV Garage
  • Deck
  • Traditional Architecture
  • Panoramic View
  • Vaulted Ceiling
  • No HOA

About This Home

As of February 2026

Nestled on nearly 5 acres of riverfront within a private gated oasis, this property boasts 500+ ft of N Santiam frontage, ideal for fishing and recreation. Relax on the spacious deck or gather around the fire pit just steps from the water. A 30x48 insulated shop with heating/cooling, full bath, and RV hookups inside & out adds versatility. Perfect for family reunions or large events, it also offers fruit trees, vines, fenced garden, dog area, and woodshed. Bonus: no flood insurance required!

Last Agent to Sell the Property

Paul Terjeson

Keller Williams Realty Mid-Willamette License #960900133 Listed on: 09/30/2025

Keller Williams Realty Mid-Willamette

Last Buyer's Agent

Non ODS Realtor

No Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,095

Year Built

  • Built in 1992

Lot Details

  • 4.85 Acre Lot
  • River Front
  • Fenced
  • Landscaped
  • Level Lot
  • Garden
  • Zoning described as RR2.5

Parking

  • 3 Car Detached Garage
  • Gravel Driveway
  • RV Garage

Property Views

  • River
  • Panoramic
  • Mountain
  • Territorial
  • Valley

Home Design

  • Traditional Architecture
  • Composition Roof
  • Concrete Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,036 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Surveillance System
  • Laundry Room

Kitchen

  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathtub Includes Tile Surround

Outdoor Features

  • Deck
  • Fire Pit
  • Separate Outdoor Workshop
  • Shed

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Water Heater
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0016085

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,095

Year Built

Built in 1992

Lot Details

4.85 Acres

Parking

3

Listing Details

  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: One
  • Lot Size Acres: 4.85
  • Prop. Type: Residential
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Road Surface Type: Gravel
  • Subdivision Name: N/A
  • Year Built: 1992
  • Co List Office Phone: 541-738-7770
  • MLS Status: Closed
  • General Property Information Audio Surveillance on Premises YN: Yes
  • General Property Information Accessory Dwelling Unit YN: No
  • Special Features: None

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Microwave, Oven, Refrigerator, Water Heater
  • Has Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning
  • Flooring: Carpet, Laminate
  • Interior Amenities: Ceiling Fan(s), Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Tile Shower, High Speed Internet
  • Fireplace: Yes

Exterior Features

  • Common Walls: No Common Walls
  • Construction Type: Concrete
  • Exterior Features: Fire Pit, RV Hookup, RV Dump
  • Foundation Details: Concrete Perimeter
  • Lot Features: Garden, Landscaped, Level, Sloped, Fenced
  • Other Structures: RV/Boat Storage, Shed(s), Workshop
  • Roof: Composition
  • View: Mountain(s), Panoramic, River, Territorial, Valley
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Detached, Driveway, Gravel, RV Access/Parking, RV Garage
  • Attached Garage: No

Utilities

  • Cooling: Heat Pump
  • Heating: Forced Air, Heat Pump
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Check with District
  • High School: Check with District
  • Middle Or Junior School: Check with District

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 211266.0
  • Parcel #: 0016085
  • ResoLotSizeUnits: Acres
  • Zoning Description: RR2.5

Tax Info

  • Tax Annual Amount: 6095.0
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2025
Closed on
Feb 2, 2026
Sold by
Bought by
Seller's Agent
Paul Terjeson
Keller Williams Realty Mid-Willamette
Buyer's Agent
Non ODS Realtor
No Office
List Price
$990,000
Sold Price
$950,000
Premium/Discount to List
-$40,000
-4.04%
Views
275
Current Estimated Value
$943,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,495
Avg. Annual Appreciation
-1.84%
Original Mortgage
$311,000
Outstanding Balance
$310,098
Interest Rate
6.18%
Mortgage Type
New Conventional
Estimated Equity
$633,407

Purchase Details

Listed on
Mar 8, 2022
Closed on
May 9, 2022
Sold by
Bought by
Seller's Agent
Denise Busch
PARAMOUNT REAL ESTATE SERVICES
Buyer's Agent
Paul Terjeson
KELLER WILLIAMS REALTY -ALBANY
List Price
$1,200,000
Sold Price
$1,112,500
Premium/Discount to List
-$87,500
-7.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.13%
Original Mortgage
$700,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2021
Sold by
Bought by

Purchase Details

Listed on
Apr 24, 2019
Closed on
Jul 31, 2019
Sold by
Bought by
Seller's Agent
Brenda Bonebrake
REALTY ONE GROUP WILLAMETTE VALLEY STAYTON
Buyer's Agent
SANDY LYNESS
SANDY LYNESS REAL ESTATE INVESTMENTS, LLC
List Price
$499,900
Sold Price
$499,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.66%
Original Mortgage
$280,900
Interest Rate
3.8%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$950,000 Fidelity National Title
$1,112,500 Amerititle
-- None Available
$499,000 First American
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $311,000
Previous Owner $700,000
Previous Owner $280,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2026 02/05/26 Sold $950,000 -4.0% $467 / Sq Ft
01/11/2026 01/11/26 Pending -- -- --
09/30/2025 09/30/25 For Sale $990,000 0.0% $486 / Sq Ft
09/03/2025 09/03/25 Pending -- -- --
07/01/2025 07/01/25 Price Changed $990,000 -3.4% $486 / Sq Ft
05/08/2025 05/08/25 Price Changed $1,025,000 -1.4% $503 / Sq Ft
02/24/2025 02/24/25 Price Changed $1,040,000 -1.0% $511 / Sq Ft
01/21/2025 01/21/25 Price Changed $1,050,000 -4.5% $516 / Sq Ft
09/06/2024 09/06/24 Price Changed $1,100,000 -7.6% $540 / Sq Ft
08/28/2024 08/28/24 Price Changed $1,190,000 -0.8% $584 / Sq Ft
08/06/2024 08/06/24 For Sale $1,200,000 +7.9% $589 / Sq Ft
05/11/2022 05/11/22 Sold $1,112,500 -7.3% $546 / Sq Ft View Prior Sale
03/18/2022 03/18/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $1,200,000 +140.0% $589 / Sq Ft
07/31/2019 07/31/19 Sold $499,900 0.0% $233 / Sq Ft View Prior Sale
05/16/2019 05/16/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $499,900 -- $233 / Sq Ft
Source: Oregon Datashare

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,439 $438,640 -- --
2024 $6,284 $425,870 -- --
2023 $6,095 $413,470 $0 $0
2022 $5,993 $401,430 $0 $0
2021 $5,406 $389,740 $0 $0
2020 $4,927 $358,013 $0 $0
2019 $5,293 $348,690 $0 $0
2018 $4,345 $338,540 $0 $0
2017 $4,219 $328,680 $0 $0
2016 $4,097 $319,110 $0 $0
2015 $3,812 $309,820 $0 $0
2014 $3,692 $300,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Terjeson

    Seller's Agent in 2026

    Paul Terjeson

    Keller Williams Realty Mid-Willamette

    (541) 220-3375

    372 Total Sales

    Paul Terjeson
    Section Image

  • N

    Buyer's Agent in 2026

    Non ODS Realtor

    No Office

  • Denise Busch

    Seller's Agent in 2022

    Denise Busch

    PARAMOUNT REAL ESTATE SERVICES

    (503) 383-6224

    105 Total Sales

    Denise Busch
    Section Image
  • Brenda Bonebrake

    Seller's Agent in 2019

    Brenda Bonebrake

    REALTY ONE GROUP WILLAMETTE VALLEY STAYTON

    (503) 932-8222

    304 Total Sales

    Brenda Bonebrake
    Section Image

  • S

    Buyer's Agent in 2019

    SANDY LYNESS

    SANDY LYNESS REAL ESTATE INVESTMENTS, LLC

    (503) 551-2645

    51 Total Sales

    SANDY LYNESS
    Section Image
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Map

Source: Oregon Datashare

MLS Number: 220187703

Oregon Datashare

APN: 0016085

Oregon Linn County Gates 97346

40166 Gates School Rd, Gates, OR

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