Welcome to this exceptional Oregon City acreage property with many upgrades and improvements! Set on 3.14 acres, this 4-bedroom, 2.5-bath home offers privacy, flexibility, and an incredible list of features for those looking for space both inside and out.The home has been thoughtfully improved with a 12.9 kW solar system with battery backup, a newer HVAC/heat pump system, and two mini-splits with a transferable lifetime warranty. The solar system helps keep utility costs impressively low. Appliances stay, and the kitchen offers a convenient pantry. A woodstove adds warmth and character. The property is ideal for hobbies, animals, and outdoor living. Enjoy a sealed deck, indoor/outdoor surround sound, pond, cherry tree, new shed with power, wood storage, barn, horse stall, and additional outbuildings for toys and equipment. The barn features extra rooms offering versatile space for storage, hobbies, a workshop, or other uses, along with a new electrical panel and a newer roof installed in 2024. The main home roof was replaced in 2018. Additional improvements include a new water treatment system with filters changed every three month and a septic system that was pumped and inspected in March. The property also offers RV parking with a septic connection behind the parking area that could potentially be converted to an RV hookup.The flexible layout provides dual-living potential, with an additional laundry hookup downstairs, making this property ideal for extended family, guests, or those wanting separate living spaces. With acreage, established improvements, abundant storage, versatile barn space, and room for animals and recreational equipment, this property offers an incredible opportunity to enjoy the best of country living while remaining close to Oregon City amenities. Extensive upgrades, usable acreage, exceptional outbuildings, and endless flexibility—come see all this property has to offer!
For sale
Listed by: More Realty • EMILY HALES • Cell: 503-502-9858
Price cut: $25.1K (10/13)
$924,900
22479 S Penman Rd, Oregon City, OR 97045
4beds
2,440sqft
Single Family Residence
Built in 1973
2.63 Acres Lot
$904,600 Zestimate®
$379/sqft
$-- HOA
What's special
Usable acreageVersatile barn spaceSealed deckExceptional outbuildingsAbundant storageWood storageNew shed with power
- 8 days
- 379
- 14
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
EMILY HALES Cell:503-502-9858,
More Realty
Source: WVMLS,MLS#: 846920
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Dining room
- Features: Area (Combination)
Heating
- Forced Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Electric Water Heater
Features
- Workshop
- Flooring: Carpet, Laminate
- Basement: Finished,Full
- Has fireplace: Yes
- Fireplace features: Family Room, Wood Burning, Stove, Wood Burning Stove
Interior area
- Total structure area: 2,440
- Total interior livable area: 2,440 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: Tri-Level
- Patio & porch: Deck, Patio
- Fencing: Partial
Lot
- Size: 2.63 Acres
Details
- Additional structures: Barn(s), Workshop, Shed(s), RV/Boat Storage
- Parcel number: 00900243
- Zoning: FF10
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- See Remarks
- Roof: Composition
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Oregon City
Financial & listing details
- Price per square foot: $379/sqft
- Tax assessed value: $991,892
- Annual tax amount: $6,496
- Price range: $924.9K - $924.9K
- Date on market: 10/27/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: VA Loan,Cash,FHA,Conventional
Estimated market value
$904,600
$859,000 - $950,000
$3,775/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Price change | $924,900-2.6%$379/sqft |
Source: | ||
| 9/14/2026 | Price change | $950,000-4%$389/sqft |
Source: | ||
| 8/11/2026 | Listed for sale | $989,900+29.7%$406/sqft |
Source: | ||
| 7/8/2024 | Sold | $763,000-2.2%$313/sqft |
Source: | ||
| 6/7/2024 | Pending sale | $779,900$320/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,496 +2.9% | $453,933 +3% |
| 2024 | $6,316 +2.3% | $440,712 +3% |
| 2023 | $6,175 +6.9% | $427,876 +3% |
| 2022 | $5,775 +4.1% | $415,414 +3% |
| 2021 | $5,550 +1.5% | $403,315 +3% |
| 2020 | $5,466 +5.5% | $391,568 +3% |
| 2019 | $5,180 +2.1% | $380,164 +3% |
| 2018 | $5,073 | $369,091 +3% |
| 2017 | $5,073 +6.2% | $358,341 +3% |
| 2016 | $4,779 | $347,904 +3% |
| 2015 | $4,779 +3.7% | $337,771 +3% |
| 2014 | $4,609 +5.8% | $327,933 +3% |
| 2013 | $4,357 +3.3% | $318,382 +3% |
| 2012 | $4,216 +2.5% | $309,109 +3% |
| 2011 | $4,114 +2.8% | $300,106 +3% |
| 2010 | $4,002 +2.6% | $291,365 +3% |
| 2009 | $3,902 +9% | $282,879 +3% |
| 2008 | $3,581 +2.2% | $274,640 +3% |
| 2007 | $3,503 +3.6% | $266,641 +3% |
| 2006 | $3,382 -1.3% | $258,875 +3% |
| 2005 | $3,428 +1.1% | $251,335 +3% |
| 2004 | $3,389 +3% | $244,015 +3% |
| 2003 | $3,290 +3.9% | $236,908 +3% |
| 2002 | $3,167 +2% | $230,008 +3% |
| 2001 | $3,105 +3.9% | $223,309 +3% |
| 2000 | $2,987 | $216,805 |
Find assessor info on the county website
Monthly payment
Est. payment







