21087 PENN RD # TL500 Walton, OR $ 499,500
21087 PENN RD # TL500
$ 499,500
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21087 PENN RD # TL500

Walton, OR, 97490
$ 499,500
Baths0.0

Monthly Estimate*

$ 3,076

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Studio

Lots and Land for sale in Walton, OR

for $499,500. The lot size is 83.66.

This one has it all! Views, creek, pond, field, forest, privacy, fruit trees, wildlife, fish, berries…The list is too long! Approximately 83 acres of timberland and pasture with potential to build a home. There is an existing residence that was in place before the zoning regulations that can possibly continue to be used residentially. The Seller is applying for verification of replacement rights. There is power on-site. The residence has been spring fed since around 1920 however, a well was drilled in 2025 at a depth of 193' with a flow of ~35gpm. There is an older septic system with no known issues. The property was logged in the winter of 2019 and replanted with Doug-fir in the spring of 2021 that is now about 6 years old. Solid rocked road system provides great access throughout. The average soil site index is 119, ranging from 110 to 132. Great tree growing ground and close to multiple mills! It is located about 14 miles to Veneta and 24 miles to Eugene and a short 45-minute drive to the coast of Florence. There are 2 perennial streams, multiple seasonal streams and 1 spring pond. There is about 4 acres of field/meadows surrounding the home site and across the county road, along with scattered fruit trees throughout, including apple and pear. There are lots of wild berries and mushrooms for foraging in this area. The pasture could be extended to include underneath the powerlines with some brush rehab and planting grass seed. The powerline right of way is 13± acres in size. This property is surrounded by BLM to the east and south with state lands to the north. Your neighbors also include lots of deer, turkey, grouse, black bear, bobcat, cougar, fox and elk. The topography is mostly south facing gentle slopes to sloping ground with a few steeper areas also. Elevation ranges from 500' to 960'. The majority of the property is in the small tract forestland deferral program which keeps property taxes low. Shown by appointment only with a Broker. No seller-financing.

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Lots and Land Active

Price

$ 499,500

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 1,162

Style

Forest

Lot Size

83.66

Town/City

Walton

County/Region

Lane

MLS | Web ID

194647613

Features
General
Utilities ElectricityConnected PhoneAvailable StandardSeptic Well
Zoning F1
Unit Number TL500
Property Subtype Forest
Tax Year 2025
Current Use ManufacturedHome Recreational Timber
Parcel Number 0757383
Waterfront Features Creek
County Lane
Property Type Land
HOA N
Other Structures Driveway MobileHome Residence Shed Storage ToBeTornDown
Status Active
Directions From Hwy. 126 down Penn Road just before MP 3 on both sides of road. Driveway on the left.
High School Elmira
City Walton
Body of Water Creek Stream & Pond
Disclosures Disclosure
MLS Area _236
Lot Size Square Feet 3644229.0
Listing Terms Cash FarmCreditService
Elementary School Elmira
Tax Annual Amount 1162.09
Middle/Junior High School Fern Ridge
Virtual Tour https://youtu.be/kyruBFh8KPE
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description T18S R7W Sec. 02 TL500 (1807020000500)
ADU False
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Exterior
Lot Features Gated Pasture Pond ReproducedTimber Stream Wooded
Lot Size Acres 83.66
Road Surface Type Gravel
Number of Lots 1
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Internal Only
Street Number 1 21087
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* Excluded Features
List By
Made Out West Land Company, Llc

Broker

LRead@MOWLandCo.com

Email

Affordability Calculator

$3,172
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,076
Monthly Property Taxes
$97
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950360 Elementary School
1949176 Middle School
Elmira High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2026$499,500 Listed Price

Map


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21087 PENN RD # TL500, Walton, OR, 97490 is a Lots and Land for sale at $499,500 with a lot size of 83.66. 21087 PENN RD # TL500 is a studio with 0.0 baths. The property's zip code is 97490 which is in Walton, OR