$1,399,900
$199K PRICE DROP

42681 Island Inn Dr Lebanon, OR 97355

Estimated payment $8,369/month

Total Views 12,222
3 Beds
3 Baths
3,000 Sq Ft
$467 Price per Sq Ft

Highlights

  • Barn
  • Waterfront
  • Mountain View
  • RV Access or Parking
  • 106.59 Acre Lot
  • Deck

About This Home

Stunning 106+ acre estate w/ a spacious home & scenic views. This well-maintained 3000sqft 3 bed, 3 bath, fts a finished daylight basement w/additional living room & 2 large bonus rooms. Spacious kitchen & dining that looks out to a large deck overlooking a private pond w/a dock. Property Includes 3/4 mile of Crabtree creek frontage, 40 acres of pasture, 2 detached garages, pole barn, and multiple gazebos. Additional bordering parcel has 60 acres of timber. This property has it all & more. Welcome to your serene 106-acre oasis, featuring a meticulously maintained 3000 sq. ft. home with stunning territorial, mountain, and creekfront views. This charming residence boasts 3 large bedrooms, 3 bathrooms, and a cozy wood-burning fireplace, offering comfort and style for the whole family. Recently painted both inside and out, the home includes a fully finished daylight basement with 2 bonus rooms, an open kitchen with new stainless steel appliances, and a large dining area that opens onto a generous back deck.Step outside to enjoy the property's numerous amenities, including 3 spring-fed ponds, perfect for fishing or relaxing on the dock. The detached 2-car garage with 220 Amp Single Phase power and concrete floors provides ample storage and workspace. Additional outbuildings enhance the property's versatility, featuring 2 gazebos (one with a rock wall fireplace and power), a 5300 pole barn, a yurt, a single car garage, a 5-pen dog kennel, and a chicken coop.Ideal for privacy, a hobby farm, or equestrian pursuits, the property includes roughly 40 acres of potential pasture, with fencing and cross-fencing for 4-5 separated, hot-wired pastures. Enjoy 3/4 mile of Crabtree Creek frontage with sandy beach spots for swimming and relaxation. An additional parcel offers 60 acres of timber, bordering BLM land and Weyerhaeuser, providing even more space and natural beauty.This extraordinary property is a perfect blend of comfort, functionality, and scenic beauty.

Listing Agent

Paul Terjeson

KELLER WILLIAMS REALTY -ALBANY License #960900133 Listed on: 06/05/2024

KELLER WILLIAMS REALTY -ALBANY

Co-Listing Agent

BRANDI ELLIOTT

KELLER WILLIAMS REALTY MID WILLAMETTE License #201241030

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,473

Year Built

  • Built in 1978

Lot Details

  • 106.59 Acre Lot
  • Waterfront
  • Partially Fenced Property
  • Landscaped
  • Property is zoned F/F

Property Views

  • Mountain
  • Territorial

Home Design

  • Slab Foundation
  • Metal Roof
  • Lap Siding
  • Cedar Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Mud Room
  • Family Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Covered patio or porch
  • Shed
  • Shop

Schools

  • Cascades Elementary School
  • Seven Oak Middle School
  • Lebanon High School

Farming

  • Barn

Utilities

  • Cooling Available
  • Floor Furnace
  • Heating System Uses Wood
  • Water Rights
  • Well
  • Electric Water Heater
  • Septic System
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 200 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,473

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 2 Story
  • Dual Living: Possible
  • Range Facility: Electric
  • Syndicated Remarks: Stunning 106+ acre estate w/ a spacious home & scenic views. This well-maintained 3000sqft 3 bed, 3 bath, fts a finished daylight basement w/additional living room & 2 large bonus rooms. Spacious kitchen & dining that looks out to a large deck overlooking a private pond w/a dock. Property Includes 3/4 mile of Crabtree creek frontage, 40 acres of pasture, 2 detached garages, pole barn, and multiple gazebos. Additional bordering parcel has 60 acres of timber. This property has it all & more. Welcome to your serene 106-acre oasis, featuring a meticulously maintained 3000 sq. ft. home with stunning territorial, mountain, and creekfront views. This charming residence boasts 3 large bedrooms, 3 bathrooms, and a cozy wood-burning fireplace, offering comfort and style for the whole family. Recently painted both inside and out, the home includes a fully finished daylight basement with 2 bonus rooms, an open kitchen with new stainless steel appliances, and a large dining area that opens onto a generous back deck.Step outside to enjoy the property's numerous amenities, including 3 spring-fed ponds, perfect for fishing or relaxing on the dock. The detached 2-car garage with 220 Amp Single Phase power and concrete floors provides ample storage and workspace. Additional outbuildings enhance the property's versatility, featuring 2 gazebos (one with a rock wall fireplace and power), a 5300 pole barn, a yurt, a single car garage, a 5-pen dog kennel, and a chicken coop.Ideal for privacy, a hobby farm, or equestrian pursuits, the property includes roughly 40 acres of potential pasture, with fencing and cross-fencing for 4-5 separated, hot-wired pastures. Enjoy 3/4 mile of Crabtree Creek frontage with sandy beach spots for swimming and relaxation. An additional parcel offers 60 acres of timber, bordering BLM land and Weyerhaeuser, providing even more space and natural beauty.This extraordinary property is a perfect blend of comfort, functionality, and scenic beauty.
  • Cross Street: Snow Peak Dr
  • Year Built: 1978
  • Home Style2: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Dishwasher: Yes
  • Fireplace: Family Room, Living Room, Wood
  • Negotiable Inclusions: Kitchen appliances, shed, Honda generator
  • Wood Burning Stove: Certification Unknown
  • Flooring: Wood, Tile
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Number of Main Level Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: 1/Main
  • Bedroom 3: On Level: Lower/Basement
  • Bedroom 4: On Level: Lower/Basement
  • Additional Room: On Level: Lower/Basement
  • Basement: Daylight, Full, Finished
  • Dining Room: 1/Main, On Level: 1/Main
  • Family Room: On Level: Lower/Basement
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Bonus Rooms: Mudroom
  • Price Per Sq Ft: 466.63
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 466.63

Exterior Features

  • Patio: Covered Patio, Deck, Patio
  • Exterior Color: Brown
  • Fenced Yard: Partial
  • Foundation: Slab
  • Landscape: Yes
  • Out Buildings: Barn, Shed, Separate Shop
  • Roof: Metal Or Aluminum
  • Siding: Cedar
  • Siding Style: Lap
  • View: Mountain, Territorial, Water Frontage

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Heating/Cooling: Electric, Wood, Floor Furnace
  • High Speed Comm Access: Present
  • Septic: Standard
  • Water: Well
  • Water Heater: Electric
  • Water Rights: Yes

Schools

  • Elementary School: Cascades
  • Middle School: Seven Oak
  • High School: Lebanon

Lot Info

  • Acres: 106.59
  • Lot: 200
  • Price Per Acre: 13133.5
  • Rv Amenities: Area/Room For
  • Timber: Yes (Refer To Remarks)
  • Zoning: F/F
  • Geo Subdivision: OR

Green Features

  • Smart Home Features: No

Tax Info

  • Tax Years: 2023
  • Tax Account Number: 0051926 & 0770086
  • Tax Amount: 7473

MLS Schools

  • HighSchool: Lebanon
  • Middle School: Seven Oak
  • Elementary School: Cascades

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $7,176 $499,530 -- --
2023 $6,993 $484,990 $0 $0
2022 $6,845 $470,870 $0 $0
2021 $6,565 $457,160 $0 $0
2020 $6,431 $443,850 $0 $0
2019 $6,274 $430,930 $0 $0
2018 $6,119 $418,390 $0 $0
2017 $5,984 $406,210 $0 $0
2016 $5,613 $394,410 $0 $0
2015 $5,037 $364,290 $0 $0
2014 $3,566 $353,690 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Price Changed $1,399,900 0.0% $467 / Sq Ft
05/14/2025 05/14/25 For Sale $1,399,900 -9.6% $467 / Sq Ft
05/08/2025 05/08/25 Off Market $1,549,000 -- --
03/11/2025 03/11/25 Price Changed $1,549,000 -3.1% $516 / Sq Ft
07/26/2024 07/26/24 For Sale $1,599,000 0.0% $533 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $1,599,000 +1676.7% $533 / Sq Ft
01/14/2016 01/14/16 Sold $90,000 -86.5% $50 / Sq Ft
07/07/2015 07/07/15 Sold $667,000 +625.0% $222 / Sq Ft
06/10/2015 06/10/15 For Sale $92,000 -86.5% $51 / Sq Ft
05/14/2015 05/14/15 Pending -- -- --
04/18/2015 04/18/15 Pending -- -- --
10/20/2014 10/20/14 For Sale $683,500 -- $228 / Sq Ft
Source: Willamette Valley MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Stewart Title Guaranty Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- Amerititle
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Source: Public Records

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Source: Willamette Valley MLS

MLS Number: 817757

Willamette Valley MLS

APN: 0051926