Check out this clean and turn key Running Y Townhome! Successfully functioning as a short term rental for the last several years, this townhome features a nice partial see through fireplace, separate living area, kitchen and eating nook. Several updates all done in the last few years include: New Roof, New Paint, New Decks and railings, along with newly paved roads! Enjoy the incredible view of some of the Arnold Palmer designed golf course from the private back deck while listening to the breeze pass through the pine trees nearby. All bedrooms are on the same level, while the main lower level has a half bath. The HOA includes yard maintenance, snow maintenance and removal, upkeep of all the outside area, as well as access to the fitness center and pool. This is a great opportunity to enter into the short term rental space, or to simply own a condo at a beautiful resort as your primary or second home!
Active
Price cut: $16K (3/18)
$289,000
5053 Falcon Dr, Klamath Falls, OR 97601
3beds
3baths
1,404sqft
Est.:
Single Family Residence
Built in 1997
1,306.8 Square Feet Lot
$286,000 Zestimate®
$206/sqft
$594/mo HOA
What's special
- 246 days |
- 1,685 |
- 53 |
Zillow last checked: 7 hours ago
Listing updated: March 30, 2026 at 02:46pm
Listed by:
Lincoln Homes Inc. 541-331-1887
Source: Oregon Datashare,MLS#: 220206572
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Range, Refrigerator, Water Heater
Features
- Ceiling Fan(s), Laminate Counters, Soaking Tub, Walk-In Closet(s)
- Flooring: Carpet, Laminate
- Windows: Double Pane Windows, Vinyl Frames
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,404
- Total interior livable area: 1,404 sqft
Property
Parking
- Parking features: Asphalt, Attached, Driveway
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Has private pool: Yes
- Pool features: Association
- Has view: Yes
- View description: Forest, Golf Course, Territorial
Lot
- Size: 1,306.8 Square Feet
- Features: Landscaped, Native Plants, On Golf Course
Details
- Parcel number: 882962
- Zoning description: Kc-Destination
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Pool, Pickleball, Park, Playground, Short Term Rentals Allowed, Tennis Court(s), Trail(s)
- Subdivision: Running YResort
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Fitness Center, Golf Course, Landscaping, Park, Pickleball Court(s), Playground, Pool, Resort Community, Restaurant, Snow Removal, Stable(s), Tennis Court(s), Trail(s)
- HOA fee: $594 monthly
Location
- Region: Klamath Falls
Financial & listing details
- Price per square foot: $206/sqft
- Tax assessed value: $165,220
- Annual tax amount: $1,912
- Date on market: 3/30/2026
- Cumulative days on market: 246 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Estimated market value
$286,000
$272,000 - $300,000
$1,910/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2026 | Price change | $289,000-5.2%$206/sqft |
Source:  Oregon Datashare #220206572 Report a problem | ||
| 11/10/2025 | Price change | $305,000-4.5%$217/sqft |
Source: Oregon Datashare #220206572 Report a problem | ||
| 9/24/2025 | Price change | $319,500-1.7%$228/sqft |
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| 9/3/2025 | Price change | $325,000-3%$231/sqft |
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| 7/26/2025 | Listed for sale | $334,900+191.2%$239/sqft |
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| 5/24/2013 | Sold | $115,000-17.3%$82/sqft |
Source: Oregon Datashare #100182390 Report a problem | ||
| 3/24/2013 | Listed for sale | $139,000-36.5%$99/sqft |
Source: John Doherty #73386 Report a problem | ||
| 3/23/2012 | Listing removed | $219,000$156/sqft |
Source: John Doherty #73386 Report a problem | ||
| 8/17/2010 | Price change | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
| 8/3/2010 | Price change | -- |
Source: John Doherty Report a problem | ||
| 7/30/2010 | Price change | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
| 7/29/2010 | Price change | -- |
Source: John Doherty Report a problem | ||
| 7/28/2010 | Price change | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
| 7/27/2010 | Price change | -- |
Source: John Doherty Report a problem | ||
| 7/21/2010 | Price change | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
| 7/20/2010 | Price change | -- |
Source: John Doherty Report a problem | ||
| 7/18/2010 | Price change | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
| 7/17/2010 | Price change | -- |
Source: John Doherty Report a problem | ||
| 7/14/2010 | Price change | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
| 7/13/2010 | Price change | -- |
Source: John Doherty Report a problem | ||
| 7/10/2010 | Price change | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
| 7/6/2010 | Price change | -- |
Source: John Doherty Report a problem | ||
| 7/4/2010 | Price change | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
| 6/26/2010 | Price change | -- |
Source: John Doherty Report a problem | ||
| 6/24/2010 | Listed for sale | $219,000$156/sqft |
Source: John Doherty Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,912 -10.4% | $165,220 -12.3% |
| 2023 | $2,135 -0.1% | $188,430 +1.3% |
| 2022 | $2,138 +8.8% | $186,030 +7.4% |
| 2021 | $1,964 +7.5% | $173,290 +9.5% |
| 2020 | $1,827 -9.6% | $158,290 -9.5% |
| 2019 | $2,022 +9% | $174,900 +9.5% |
| 2018 | $1,856 | $159,750 +9.4% |
| 2017 | $1,856 +13.5% | $146,010 +4.1% |
| 2016 | $1,636 | $140,200 +1.6% |
| 2015 | $1,636 +2.1% | $137,930 -6.5% |
| 2014 | $1,602 +4.4% | $147,540 +17.5% |
| 2013 | $1,534 | $125,580 -6.2% |
| 2012 | -- | $133,940 -4.9% |
| 2011 | $1,386 -23.5% | $140,890 -24.3% |
| 2010 | $1,812 +1.4% | $186,030 +6.1% |
| 2009 | $1,787 -6.6% | $175,360 +3% |
| 2008 | $1,912 +5.3% | $170,260 -6.3% |
| 2007 | $1,817 +1.6% | $181,683 +1.6% |
| 2006 | $1,788 | $178,840 +5.4% |
| 2004 | -- | $169,650 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,179/mo
Principal & interest
$1448
HOA Fees
$594
Property taxes
$137
More affordability tools
Climate risks
Neighborhood: Running Y Ranch
Nearby schools
GreatSchools rating
- 6/10Joseph Conger Elementary SchoolGrades: K-5Distance: 5 mi
- 5/10Ponderosa Junior High SchoolGrades: 6-8Distance: 6.8 mi
- 5/10Klamath Union High SchoolGrades: 9-12Distance: 5.9 mi
Schools provided by the listing agent
- Elementary: Joseph Conger Elem
- Middle: Henley Middle
- High: Henley High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 97601
- Oregon
- Klamath County
- Klamath Falls
- 97601
- Running Y Ranch
- 5053 Falcon Dr
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