When was property at 40875 Peoples Drive built and last sold?

The property at 40875 Peoples Drive was built in 1980 and last sold on Aug 15, 2021 for $672,500.

How much is this home worth?

The estimated value of the home located at 40875 Peoples Drive is $716,999.

What are some comparable homes to 40875 Peoples Drive?

There are currently no comparable homes to 40875 Peoples Drive.

Linn

97355

40875 PEOPLES DR

Sold on Oct 6, 2026

Map

$680,000

● House - Off Market

40875 PEOPLES DR

Lebanon, OR 97355

4 Beds

3 Baths

2,704 Ft²

$3,788

Est. Monthly

About This Property

Welcome to this beautifully maintained home on a flat, private 12-acre lot. Inside find a grand dual-sided stone fireplace & wood stove in the open living areas w/vaulted ceilings. Spacious kitchen w/expansive windows framing peaceful views. The main level incl. primary suite, generous dining area, oversized mudroom, and garage/storage area. Upstairs, incl remaining beds/baths, & bedroom w/built-in loft. property offers abundant opportunities w/ space for shop, RV & more.

Unit Size

2,704 Ft²

Days on Market

208 days

Land Size

12.01 acres

Price per sqft

$255

Property Type

House

Property Taxes

$400

HOA Dues

Year Built

1980

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Last updated: 21 days ago ( #324587493)

Price History

Date / Event	Date	Event
Oct 6, 2026	Sold	Premium
Sold
Aug 24, 2026	In contract	-
In contract
Aug 17, 2026	Price Decreased	$689,900 ↓ $10K (1.4%)
Price Decreased
Aug 4, 2026	Price Decreased	$699,900 ↓ $10K (1.4%)
Price Decreased
Mar 12, 2026	Listed by Keller Williams Realty Mid-Willamette	$709,900
Listed by Keller Williams Realty Mid-Willamette
Aug 20, 2021	No longer available	-
No longer available
May 27, 2021	Listed by KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM	$685,000
Listed by KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM

	Accepted Offer with Contingencies. Private & secluded home situated on 12 acres! Relax in the comfort of your open-plan living space w/ tall vaulted ceilings, bright recess lighting, 2 living rooms, large kitchen w/ gorgeous granite counters, tons of pull out storage, 2 Fisher & Paykel pull out dishwashers & a spacious pantry! Beautiful stone FP & woodstove. Master bed w/ walk-in shower & clawfoot tub. Bonus mudroom, cute bedrooms including one with a fun loft, attic storage, & central VAC system & RV parking. Front & back deck w/ a hot tub. The manager has listed the unit size as 2704 square feet.

Property Highlights

Garage

Fireplace

Building Info

Overview

General

Year Built: 1980

Effective Year Built: 1990
Building Count: 1
Total Rooms: 7
Bedroom Count: 4
Bathroom Count: 4
Full Bathrooms: 3
Partial Bathrooms: 4
Building Condition: 6
Building Quality: 0
Construction Type: 6
Building Style: 11
Exterior Walls Type: 17
Interior Walls Type: 0
Roof Shape Type: 7
Roof Cover Type: 10
Floor Count: 200
Living Units: 1
Floor Cover: 14
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 523,156

Total Building Area: 2,704
Building Area: 2,704
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 0
Heating: 4
Heated Square Feet: 2,704
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: LINNHAVEN ORCHARD COMPANY
Land Acres: 0000012010
Standard Land Use Code: 1001
County Land Use Code: 401
State Land Use Code: 401
Legal Description 1: 11S01W1400

Neighborhood

School District Name: Lebanon Community School District 9

School Tax School District: TANGENT
Census Tract: 030100

Zoning

Zoning: F/F

Geography

Assessors Map Reference: 11S01W1400

Parcel: 0675492
Lot: 46,87
Meridian: SEC 14 TWN 11S RNG 01W
Municipality: LEBANON
Latitude: 44.6086
Longitude: -122.772

Address

Full Address: 40875 Peoples Dr

Address - House Number: 40875
Address - Street Name: Peoples
Address - Suffix Type: Dr
State: OR
City Name: Lebanon
Carrier Code: H068
4-Digit Zip Code: 9140
Zip Code: 97355

Valuation

Tax

Tax Year: 2023

Tax Amount: $454,113
Tax Rate Code Area: 00902

Appraisal Valuation

Standard Deviation: 0.1583

Valuation Date: Nov 29, 2023
Confidence Score: 80
Final Value: 710,181
High Value: 822,661
Low Value: 597,701

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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Market Valuation

Market Total Value: $723,080

Market Land Value: $374,620
Market Improvement Value: $348,460

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $338,340

Exemptions

Veteran Exemption: Yes

Sales

Current Sale Contract Date: Aug 15, 2021

Current Sale Recording Date: Aug 18, 2021
Current Sale Price:

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Current Sale Document Type: 71
Current Sale Input Document Number: 2021-19783

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Terms:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Linn

Stats & Trends

Median Asking:

$399,999

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

Average Home Size

1584 ft²

Average Home Age

45.3 years

Currently For Sale

221 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Listed by: Paul Terjeson, Keller Williams Realty Mid-Willamette
Last Updated: 21 days ago
Data Source: RMLS , MLS# 324587493

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than RH Advisors are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on 10/07/2026 15:10. Some properties which appear for sale on this web site may subsequently have sold or no longer be available.