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40396 Highway 228

Sweet Home, OR 97386

2 bd 1 ba 720 sqft Built 1979 Lot 110,207 sqft single_family
Most recent sale
$335,000
Jan 3, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 11, 2024 Sold $345,000 RMLS
Feb 5, 2024 Listed $325,000 RMLS
Feb 3, 2024 Listed $325,000 Willamette
Jan 3, 2024 Sold $335,000 RMLS
Oct 30, 2023 Listed $340,000 RMLS
Oct 28, 2023 Listed $210,000 Willamette
Jul 7, 2015 Sold $175,000 Public Record
Jun 10, 2015 Listing removed $219,900 Willamette
Jan 7, 2015 Listing removed $219,900 Willamette
Jan 6, 2015 Listed $219,900 Willamette
Apr 23, 2014 Price changed $219,900 Willamette
Aug 2, 2013 Listed $250,000 Willamette
Jul 2, 2003 Sold $87,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2022 $118,980 $1,655
2021 $56,074 $770
2020 $86,710 $1,204
2019 $84,190 $1,180
2018 $81,740 $1,148
2017 $79,360 $1,117
2016 $77,050 $1,079
2015 $74,810 $1,060
2014 $72,640 $1,030
2013 $70,530 $985
2012 $68,480 $955
2011 $66,490 $907
2010 $64,561 $848
2009 $62,681 $822
2008 $60,857 $794
2007 $59,086 $778

Property facts

Year built
1979
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
720 sqft
Lot size
110,207 sqft
ZIP code
97386
City
Sweet Home
Street
Highway 228
Coordinates
44.35630, -122.78185

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,440
Gross rental yield
5.16%
Implied cap rate
3.35%
Trend-extrapolated value

Frequently asked questions

When did 40396 Highway 228 last sell?
40396 Highway 228 most recently sold on Jan 3, 2024 for $335,000.
What is the current tax assessment for 40396 Highway 228?
The most recent total assessment for 40396 Highway 228 (year 2022) is $118,980 with $1,655 in property tax.
How does 40396 Highway 228's assessment compare to its last sale price?
The current assessment is 64.5% below the last sale price of $335,000.
When was 40396 Highway 228 built?
40396 Highway 228 was built in 1979.
How does 40396 Highway 228 compare to others on Highway 228?
We track 8 other properties on Highway 228. Browse the list under "Other properties on Highway 228" to compare beds, baths, and sale history.
What are the property facts for 40396 Highway 228?
40396 Highway 228 is a 2 bed, 1 bath, 720 sqft, 110,207 sqft lot single_family.
Is 40396 Highway 228 a flip candidate?
No — 40396 Highway 228 does not appear in our flips dataset.
Is 40396 Highway 228 a tax-appeal candidate?
No — 40396 Highway 228 is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.5%
Implied 1-yr
+14.1%
2026 Q3
$416.1K
2026 Q4
$428K
ZIP 97386 — Median Price History + Forecast

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