Recently Listed Open House 4/17 4pm - 6pm
38903 S PROSPECT DR
Molalla, OR, 97038 $ 325,000
Bedrooms4 Baths2.0 Sq 1,200 Monthly Estimate*
$ 2,001
for $325,000 with 4 bedrooms and 2 full baths. This 1,200 square foot home was built in 1980 on a lot size of 2.37.
Opportunities like this rarely come to market! What an incredible opportunity! This property has never been sold before and was the original first lot established on Prospect Dr.Situated on 2.37 acres along a quiet stretch in Molalla, the property offers sweeping, breathtaking views of the Willamette Valley. The land is the true highlight, featuring gently sloping terrain and a fully fenced yard—ideal for a small hobby farm, garden space, or simply enjoying open acreage framed by one of the area’s most stunning vistas. From sunrise to sunset, the scenery provides a peaceful, expansive setting that feels distinctly Oregon.The existing four-bedroom, two-bath home is fully livable and offers a flexible single-level layout, though it would benefit from cosmetic updates. Natural light fills the main living areas, while the wraparound deck provides the perfect vantage point overlooking the valley below. A separate living area with its own entrance, kitchen, family room, and two additional bedrooms adds versatility for multi-generational living or guest accommodations.Whether you choose to renovate, rebuild, or enjoy the property as-is, this offering delivers space, privacy, and exceptional views that truly set it apart. Conveniently located near parks, outdoor recreation, and within easy reach of town amenities and commuter routes, it presents a rare combination of acreage, accessibility, and long-term potential.This is an as-is sale; the seller will make no repairs.
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Open House
4/17/2026 4:00 PM - 6:00 PM
4/18/2026 1:00 PM - 3:00 PM
4/19/2026 1:00 PM - 3:00 PM
38903 S PROSPECT DR Molalla, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Single Family ActiveStories1,ManufacturedHome
FeaturesInteriorInterior Amenities CeilingFan Laundry VinylFloor
Basement CrawlSpace
Total Fireplaces 1
Fireplace Features PelletStove
Hot Water Electricity
Window Features AluminumFrames
Total Bathrooms 2.0
Total Bedrooms 4
Total Baths 2
1/2 Baths 0
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GeneralSewer SepticTank
Heating ForcedAir PelletStove
Appliances BuiltinOven Cooktop Pantry
Zoning EFU
Garage Spaces 1.0
Architectural Style Stories1 ManufacturedHome
Year Built 1980
Stories Count 1
Property Subtype ManufacturedHomeonRealProperty
Tax Year 2025
Parcel Number 01127266
Accessibility BuiltinLighting MainFloorBedroomBath OneLevel
County Clackamas
Property Type Residential
HOA N
Full Baths 2
Status Active
Directions S Maple Grove Rd
High School Silverton
City Molalla
Disclosures Disclosure
MLS Area _146
Lot Size Square Feet 103237.0
Listing Terms Cash Conventional Rehab USDALoan VALoan
Elementary School Scotts Mill
Tax Annual Amount 2719.28
Middle/Junior High School Scotts Mill
Property Condition Resale
Virtual Tour www.zillow.com/view-imx/b7a2dedb-b5b9-4d7b-bb54-56b8d86cf8ec/?utm_source=captureapp
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 115 FRIENDS ORE COLONY LT 122
ADU False
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ExteriorExterior Amenities Deck Garden Porch RaisedBeds ToolShed Yard
Parking Features Driveway
Lot Features GentleSloping Trees
Water Source Well
Total Parking 1.0
Exterior Description MetalSiding T111Siding
Building Area Total 1200.0
Lot Size Acres 2.37
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,001
- Monthly Property Taxes
- $227
- 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.
Learn more about how to save NearbySingle family listings in Molalla, OR
Average List Price $674,576
Percent of Sale Price 108%
About Molalla, OR 9,688 Population
61% Since 2002
$ 57,564 Median Income
35.23 Median Age
42% Households with Children
Trends Information provided by ATTOM Data Solutions.
5360534 Elementary School
5360535 Middle School
Silverton High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/13/2026 | $325,000 | | Listed Price |