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$395,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,854 Sq. Ft.
  • 2 Car Garage
  • Updated 3 days ago
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Welcome to 5481 Gatewood! This well-maintained 3-bedroom, 2-bath home offers 1,854 sq ft of comfortable living space on an 8,712 sq ft lot. Fresh interior paint creates a bright, clean feel throughout, giving the home a refreshed and inviting atmosphere from the moment you step inside. The updated kitchen, with Corian countertops, adds both style and function, making it a natural gathering place for everyday living and entertaining. Spacious living areas provide flexibility for relaxing or hosting, while the thoughtful layout offers privacy and comfort across all three bedrooms. Both bathrooms have been nicely updated. Outside, the generous lot provides room to enjoy, garden, or create your ideal outdoor retreat. A 2-car garage adds convenience and additional storage. With key updates already completed and a move-in ready feel, 5481 Gatewood is ready for its next chapter.

Full Property Details for 5481 Gatewood Dr

General

  • Price: $395,000
  • Taxes: $3,279 (2025)
  • Status: Active
  • Type: Single Family
  • Source: ODS
  • MLS ID: 220216512
  • Updated: 3/6/2026
  • Added to Site: 3 day(s) ago

Interior

  • Rooms/Areas: Breakfast Nook, Family Room, Laundry, Kitchen, Living Room, Primary Room
  • Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Pantry, Primary Downstairs, Shower/Tub Combo, Solid Surface Counters, Tile Shower, Walk-In Closet(s)
  • Fireplace: Yes
  • Fireplace(s): Living Room, Wood Burning
  • Appliances: Dishwasher, Disposal, Dryer, Range, Range Hood, Refrigerator, Washer, Water Heater
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached, Driveway, Garage Door Opener, On Street
  • Parking: Attached, Driveaway, Garage Door Opener

Location

  • Area: 1854
  • County: Klamath
  • Subdivision: Gatewood
  • Cross Streets: Glenwood
  • Driving Directions: From the Southside Expressway, turn onto Glenwood Drive, immediate right onto Ankeny St. that will turn into Gatewood Drive and home will be on your right.

School Information

  • Elementary School: Peterson Elem
  • Middle School: Henley Middle
  • High School: Henley High

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Construction: Frame
  • Basement Desc.: None
  • Foundation: Block
  • Roof: Composition
  • Common Walls: No Common Walls
  • Windows: Double Pane Windows, Vinyl Frames
  • Stories/Levels: 1
  • Square Feet: 1,854
  • Sq. Ft. Source: Assessor
  • Living Area: 1,854 Sq. Ft.
  • Year Built: 1977

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Property View: Neighborhood, Territorial
  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,712
  • Frontage: Shared Access
  • Street/Road Desc.: Paved
  • Lot Features: Fenced, Landscaped, Level, Native Plants
  • Zoning: SFR

Financial Considerations

  • Tax Amount: $3,279.39
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Disclosures and Reports

  • Special Conditions: Standard
  • APN: R3909014DB01400000
  • Section: Not Applicable
  • Block: 3

Listed by eXp Realty LLC. (888) 814-9613, Jill C Russel (541) 331-4060

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Listing agent

— 5481 Gatewood Dr —

  • Jill C Russel

    eXp Realty LLC.

    888-814-9613

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5481 Gatewood Dr

School District:Klamath County School District
NameGradesDistance
Peterson Elementary School
4856 Clinton Avenue, Klamath Falls, OR 97603
K-61.1 mi
Henley Middle School
7925 Oregon 39, Klamath Falls, OR 97603
7-82 mi
Henley High School
8245 Oregon 39, Klamath Falls, OR 97603
9-122.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5481 Gatewood Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/06/2026
Listed
$395,000
119.44%
MLS
4/30/2018
Sold
$180,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5481 Gatewood Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,279
3%
$189,050
3%
2024
$3,189
4%
$183,550
—
2023
$3,079
6%
$183,550
9%
2021
$2,904
-3%
$167,990
-3%
2022
$2,995
3%
$173,020
6%
2021
$2,904
6%
$163,100
3%
2019
$2,744
3%
$158,350
3%
2018
$2,656
3%
$153,740
3%
2017
$2,591
3%
$149,270
3%
2016
$2,520
7%
$144,930
3%
2015
$2,347
—
$140,710
3%
2014
$2,356
6%
$136,620
3%
2013
$2,213
—
$132,650
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by eXp Realty LLC. (888) 814-9613, Jill C Russel (541) 331-4060

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5481 Gatewood Drive, Klamath Falls, OR 97603 (MLS# 220216512) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5481 Gatewood Drive is currently listed for $395,000 and was received on March 06, 2026. Want to learn more about 5481 Gatewood Drive? Do you have questions about finding other Single Family real estate for sale in Lake Shore Gardens? You can browse all Lake Shore Gardens real estate or contact a Coldwell Banker agent to request more information.

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