<br>The New Year begins with Fabulous <br>Opportunities!<br><br>This is a real estate investment come true. <br><br>This home (3 bedrooms (Master on main) and two bathrooms) sits Privately at the back of the property. Entering the property on a long driveway with a canopy of primarily Cedar and Fir trees, you will be pleased with the naturescaping that adorns this property. Landscaped with native plants to reduce the amount of watering needed and keeping with the native environment, one quickly realizes the unique opportunities this property presents. Use either as a year round residence or as a rental or sell off the front 1 acre lot and pay down your mortgage on the back one acre lot with home and shop. <br><br>This serene setting is 2 acres in size with 184 feet+/- of creek frontage. The creek (actually a well kept and beautiful irrigation canal) is year round with shore and Small Island. The temperate climate and vegetation keep your landscaping forest-rich year round. <br><br>This hard to beat waterfront property allows for casual Oregon living. Open living room with dining room with 4 large windows overlooking the creek. Large and supple kitchen with eating area has an abundance cabinets. The counters have ceramic tile tops. The Master suite boasts Jacuzzi tub with private views of the creek and recessed lighting. Two additional large bedrooms upstairs. The Covered porch measures 16x12 and provides a view itself of the property. 4 sources of heat to keep you warm in the New Year.<br><br>Save money on storage. Two 20x20 shops, Room for RV and Boat parking as well as multiple vehicle parking. Circular driveway makes coming and going smooth.<br><br>This two-acre lot has already been divided into 1-acre parcels. A 15 foot easement put in place for future development and perked for sand filter system. The buildable 1-acre lot sits closer to the road leaving the existing home the benefit of the creek.<br><br>Fabulous!<br><br/><br/>Brokered and Advertised by: Aimee D
Sold for $400,000
$400,000
31937 S Shady Dell Rd, Molalla, OR 97038
3beds
2baths
1,568sqft
SingleFamily
Built in 1942
2 Acres Lot
$398,400 Zestimate®
$255/sqft
$2,563 Estimated rent
Home value
$398,400
$378,000 - $418,000
$2,563/mo
Zestimate® history
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced air
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,568 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 2 Acres
Details
- Parcel number: 01375112
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Metal
Condition
- Year built: 1942
Community & HOA
Location
- Region: Molalla
Financial & listing details
- Price per square foot: $255/sqft
- Tax assessed value: $438,608
- Annual tax amount: $2,866
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Sold | $400,000+14.6%$255/sqft |
Source: Public Record Report a problem | ||
| 12/22/2008 | Listing removed | $349,000$223/sqft |
Source: Point2 #8062134 Report a problem | ||
| 6/26/2008 | Listed for sale | $349,000$223/sqft |
Source: Point2 #8062134 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,866 +3.7% | $206,081 +3% |
| 2024 | $2,765 +15.8% | $200,079 +3% |
| 2023 | $2,388 +2.9% | $194,252 +3% |
| 2022 | $2,320 +4.6% | $188,595 +3% |
| 2021 | $2,217 +2.7% | $183,102 +3% |
| 2020 | $2,158 +2.9% | $177,769 +3% |
| 2019 | $2,097 +2.7% | $172,592 +3% |
| 2018 | $2,041 | $167,565 +3% |
| 2017 | $2,041 +12.4% | $162,684 +3% |
| 2016 | $1,815 | $157,946 +3% |
| 2015 | $1,815 +2.8% | $153,346 +3% |
| 2014 | $1,766 +9.4% | $148,880 +3% |
| 2013 | $1,614 -0.5% | $144,544 +3% |
| 2012 | $1,622 +6.8% | $140,334 +3% |
| 2011 | $1,519 -0.9% | $136,247 +3% |
| 2010 | $1,533 -1.7% | $132,279 +3% |
| 2009 | $1,560 +3.2% | $128,426 +3% |
| 2008 | $1,511 +5.1% | $124,685 +3% |
| 2007 | $1,437 +4.1% | $121,053 +3% |
| 2006 | $1,381 +3.9% | $117,527 +3% |
| 2005 | $1,329 +4.6% | $114,104 +3% |
| 2004 | $1,272 +1.2% | $110,781 +3% |
| 2003 | $1,256 -47.5% | $107,554 +3% |
| 2002 | $2,391 +98.3% | $104,421 +3% |
| 2001 | $1,205 +9.8% | $101,380 +3% |
| 2000 | $1,098 | $98,427 |
Find assessor info on the county website
Neighborhood: 97038
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Nearby schools
GreatSchools rating
- 7/10Molalla Elementary SchoolGrades: K-5Distance: 2.7 mi
- 7/10Molalla River Middle SchoolGrades: 6-8Distance: 2.5 mi
- 6/10Molalla High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$398,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$398,400
- Oregon
- Clackamas County
- Molalla
- 97038
- 31937 S Shady Dell Rd