318 Penny Ln
Shady Cove, OR 97539
3 bd 4 ba 2,951 sqft Built 2004 Lot 38,768 sqft single_family
Most recent sale
$798,000
Oct 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 21, 2022 | Sold | $798,000 | MLS #220150540 |
| Aug 8, 2022 | Price changed | $824,000 | MLS #220150540 |
| Jul 21, 2022 | Listed | $899,000 | MLS #220150540 |
| Oct 15, 2012 | Sold | $514,000 | Public Record |
| Aug 28, 2012 | Price changed | $539,900 | MLS #2923530 |
| Aug 21, 2012 | Relisted | $549,900 | MLS #2923530 |
| Jun 25, 2012 | Price changed | $549,900 | MLS #2923530 |
| Feb 17, 2012 | Price changed | $595,000 | MLS #2923530 |
| Nov 23, 2011 | Price changed | $639,900 | MLS #2923530 |
| Jun 27, 2011 | Listed | $675,000 | MLS #2923530 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $629,260 | $138,000 | $767,260 | $8,491 |
| 2024 | $629,260 | $138,000 | $767,260 | $8,816 |
| 2023 | $536,450 | $227,860 | $764,310 | $9,173 |
| 2022 | $520,820 | $221,230 | $742,050 | $8,925 |
| 2021 | $505,650 | $214,790 | $720,440 | $8,589 |
| 2020 | $490,920 | $208,540 | $699,460 | $9,080 |
| 2019 | $476,630 | $202,460 | $679,090 | $9,210 |
| 2018 | $462,760 | $196,560 | $659,320 | $9,161 |
| 2017 | $449,290 | $190,830 | $640,120 | $8,350 |
| 2016 | $436,210 | $185,270 | $621,480 | $8,090 |
| 2015 | $423,510 | $179,870 | $603,380 | $7,606 |
| 2014 | $411,180 | $174,630 | $585,810 | $7,466 |
| 2013 | $399,210 | $169,540 | $568,750 | $6,779 |
| 2012 | $372,510 | $192,790 | $565,300 | $6,826 |
| 2011 | $361,670 | $187,170 | $548,840 | $6,610 |
| 2010 | $351,150 | $181,710 | $532,860 | $6,759 |
| 2009 | $340,920 | $176,420 | $517,340 | $6,571 |
| 2008 | $331,000 | $171,280 | $502,280 | $6,507 |
| 2007 | $321,370 | $166,290 | $487,660 | $6,436 |
Property facts
Year built
2004
Property type
single_family
Stories
2
Beds
3
Baths
4
Living area
2,951 sqft
Lot size
38,768 sqft
ZIP code
97539
City
Shady Cove
Street
Penny Ln
Coordinates
42.60440, -122.82098
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,902
Gross rental yield
8.88%
Implied cap rate
5.77%
Trend-extrapolated value
—
Frequently asked questions
When did 318 Penny Ln last sell?
318 Penny Ln most recently sold on Oct 21, 2022 for $798,000.
What is the current tax assessment for 318 Penny Ln?
The most recent total assessment for 318 Penny Ln (year 2025) is $767,260 with $8,491 in property tax.
How does 318 Penny Ln's assessment compare to its last sale price?
The current assessment is 3.9% below the last sale price of $798,000.
When was 318 Penny Ln built?
318 Penny Ln was built in 2004.
How does 318 Penny Ln compare to others on Penny Ln?
We track 8 other properties on Penny Ln. Browse the list under "Other properties on Penny Ln" to compare beds, baths, and sale history.
What are the property facts for 318 Penny Ln?
318 Penny Ln is a 3 bed, 4 bath, 2,951 sqft, 38,768 sqft lot single_family.
Is 318 Penny Ln a flip candidate?
No — 318 Penny Ln does not appear in our flips dataset.
Is 318 Penny Ln a tax-appeal candidate?
No — 318 Penny Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.5%
Implied 1-yr
-2.1%
2026 Q3
$397.7K
2026 Q4
$395.6K
ZIP 97539 — Median Price History + Forecast
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Geography
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