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$924,900
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Property Description
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!
Full Property Details
Full Property Details for 22479 S Penman Rd
General
- Price: $924,900
- Taxes: $6,496 (2025)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 846920
- Updated: 10/27/2026
- Added to Site: 11 day(s) ago
Interior
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Parking
- Garage Description: Attached
Location
- County: OUTSIDE 4 COUNTY AREA
- Driving Directions: New Era or Carus to Penman Rd. Look for directional sign at road for shared gravel driveway.
Heating & Cooling
- Heating/Cooling: Forced Air
- Water Heater: Electric
Utilities
- Water: Well
Structural Information
- Basement Desc.: Finished, Full
- Roof: Composition
- Square Feet: 2,440
- Year Built: 1973
Lot Features
- Lot Size (Acres): 3.14
- Lot Size (Sq. Ft.): 114,563
- Zoning: FF10
Financial Considerations
- Price Per Sq. Ft.: $379.06
- Price Per Acre: $294,554.14
- Assessment Year: 1973
- Tax Amount: $6,496
- Tax Year: 2025
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Schools
Schools serving 22479 S Penman Rd
School District:Canby School District 86
| Name | Grades | Distance |
|---|---|---|
Carus School 14412 South Carus Road, Oregon City, OR 97045 | K-6 | 2.5 mi |
Baker Prairie Middle School 1859 Southeast Township Road, Canby, OR 97013 | 7-8 | 3 mi |
Canby High School 721 Southwest 4th Avenue, Canby, OR 97013 | 9-12 | 4.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 22479 S Penman Rd
Date
Details
Price
Change
Source
10/27/2026
Listed
$924,900
21.22%
MLS
7/08/2024
Sold
$763,000
—
Public Record
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
Tax History for 22479 S Penman Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,496
3%
$453,933
3%
2024
$6,316
2%
$440,712
3%
2023
$6,175
11%
$427,876
6%
2021
$5,550
-4%
$403,315
-3%
2022
$5,775
4%
$415,414
6%
2021
$5,550
7%
$391,568
3%
2019
$5,180
2%
$380,164
3%
2018
$5,073
3%
$369,091
3%
2017
$4,949
4%
$358,341
3%
2016
$4,779
4%
$347,904
3%
2015
$4,609
3%
$337,771
3%
2014
$4,477
3%
$327,933
3%
2013
$4,357
—
$318,382
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 22479 S Penman Rd
22479 S Penman Rd, Oregon City, OR 97045 (MLS# 846920) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 22479 S Penman Rd is currently listed for $924,900 and was received on October 27, 2026. Want to learn more about 22479 S Penman Rd? Do you have questions about finding other Single Family real estate for sale in Central Albina? You can browse all Central Albina real estate or contact a Coldwell Banker agent to request more information.
