
Courtesy of HORSEPOWER REAL ESTATE

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$998,500
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.
4340 State Highway 38, Drain, OR 97435

$5,533 /mo
Estimate only, and not an offer of credit. Assumes 20% down ($199,700) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

Courtesy of HORSEPOWER REAL ESTATE
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