Charming 1870-built home offering 2,437 sq ft of character and space on a large 0.24-acre lot. Features include large bedrooms, a detached two-car garage, covered front porch, sunroom, pantry, and a light, bright kitchen with tile backsplash. Beautiful formal dining room, brick fireplace, crown molding, and timeless original details throughout. Fully furnished, making this an ideal Air BNB opportunity for traveling nurses, med student guests, and more!
For sale
Listed by: Keller Williams Realty Mid-Willamette - Gillott Team
$775,000
488 S 2nd St, Lebanon, OR 97355
3beds
2,437sqft
Est.:
Single Family Residence
Built in 1870
10,454.4 Square Feet Lot
$755,900 Zestimate®
$318/sqft
$-- HOA
What's special
Brick fireplaceBeautiful formal dining roomCrown moldingLight bright kitchenDetached two-car garageLarge bedroomsCovered front porch
- 39 days |
- 600 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: February 24, 2026 at 12:53pm
Listed by:
LAURA GILLOTT DIREC:541-451-2211,
Keller Williams Realty Mid-Willamette - Gillott Team,
MACKENZIE GREENLY,
Keller Williams Realty Mid-Willamette - Gillott Team
Source: WVMLS,MLS#: 837521
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Dining room
- Features: Formal
- Level: Main
Family room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Natural Gas, Electric, Forced Air
Appliances
- Included: Dishwasher, Disposal, Range Included, Electric Water Heater
Features
- Walk-in Pantry, Other(Refer to Remarks)
- Flooring: Carpet, Vinyl, Wood
- Basement: Full,Unfinished
- Has fireplace: Yes
- Fireplace features: Family Room, Stove
Interior area
- Total structure area: 2,437
- Total interior livable area: 2,437 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Deck
- Fencing: Partial
Lot
- Size: 10,454.4 Square Feet
- Features: Landscaped
Details
- Additional structures: RV/Boat Storage
- Parcel number: 00173837
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1870
Utilities & green energy
- Sewer: Public Sewer
- Water: Well, Public
Community & HOA
Community
- Subdivision: Ralstons Second Add
HOA
- Has HOA: No
Location
- Region: Lebanon
Financial & listing details
- Price per square foot: $318/sqft
- Tax assessed value: $484,010
- Annual tax amount: $4,395
- Price range: $775K - $775K
- Date on market: 2/13/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: VA Loan,Cash,FHA,Conventional,USDA Loan
- Inclusions: Currently in place appliances
Estimated market value
$755,900
$718,000 - $794,000
$2,397/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Listed for sale | $775,000+93.8%$318/sqft |
Source:  WVMLS #837521 Report a problem | ||
| 5/24/2023 | Sold | $400,000$164/sqft |
Source:  RMLS (OR) #23115791 Report a problem | ||
| 5/1/2023 | Contingent | $400,000$164/sqft |
Source: WVMLS #802727 Report a problem | ||
| 5/1/2023 | Pending sale | $400,000$164/sqft |
Source: RMLS (OR) #23115791 Report a problem | ||
| 4/17/2023 | Listed for sale | $400,000$164/sqft |
Source: WVMLS #802727 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,251 +3.3% | $202,300 +3% |
| 2023 | $4,114 +20.4% | $196,410 +3% |
| 2022 | $3,417 | $190,690 +3% |
| 2021 | -- | $185,140 +3% |
| 2020 | $3,255 +5.3% | $179,750 +3% |
| 2019 | $3,092 +0.8% | $174,520 +3% |
| 2018 | $3,068 | $169,440 +3% |
| 2017 | $3,068 +2.4% | $164,510 +3% |
| 2016 | $2,996 +3.1% | $159,720 +3% |
| 2015 | $2,905 +2.7% | $155,070 +3% |
| 2014 | $2,830 +6.1% | $150,560 +3% |
| 2013 | $2,668 +919.8% | $146,180 +3% |
| 2012 | $262 -90.5% | $141,930 +3% |
| 2011 | $2,744 +9.2% | $137,800 +3% |
| 2010 | $2,512 +6.1% | $133,790 +3% |
| 2009 | $2,369 | $129,900 +3% |
| 2008 | $2,369 +2.2% | $126,117 +3% |
| 2007 | $2,318 +8.3% | $122,444 +3% |
| 2006 | $2,140 -1.5% | $118,879 +3% |
| 2005 | $2,172 +1.5% | $115,418 +3% |
| 2004 | $2,140 +5% | $112,057 +3% |
| 2003 | $2,038 +8.5% | $108,794 +3% |
| 2002 | $1,878 | $105,626 +3% |
| 2001 | -- | $102,550 +3% |
| 2000 | -- | $99,564 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,392/mo
Principal & interest
$3837
Property taxes
$555
More affordability tools
Climate risks
Neighborhood: 97355
Nearby schools
GreatSchools rating
- 7/10Green Acres SchoolGrades: K-6Distance: 0.7 mi
- 6/10Seven Oak Middle SchoolGrades: 6-8Distance: 2.3 mi
- 5/10Lebanon High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Green Acres
- Middle: Seven Oak
- High: Lebanon
Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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