20497 E LOLO PASS Rd, Rhododendron, OR 97049

$985,000 Asking Price

5 beds
3 baths
4,187  sqft
Built in 1986

This property offers A+ Airbnb potential with vacation rental projections comfortably accommodating 10-14 guests, with 2 potential primary suites. Enjoy hiking, skiing, & more in the heart of the Pacific Northwest's Mt. Hood National Forest, with attractions like Government Camp, Timberline Lodge, & Mt. Hood Ski Bowl just a short distance away. With a projected rental income of $60,000 - $80,000 per year, from a local vacation rental company this property has a promising return on investment. Whether your wanting this home for an investment, primary or a bit of both this home has you covered. JAW DROPPING interior & exterior VIEWS MT HOOD, Zigzag mountains nestled amongst serene wilderness Located on 2.9 acres with over 4,100 sf of spacious & abundant living spaces with 5 beds, 3 baths, multiple flex, living + storage spaces. Wake up to sunrise views with multiple cedar decks to soak it all in. Also featured is a bathroom with jetted tub, primary bedroom with breath taking Mt Hood, wilderness views, walk in closet, knotty pine ceiling and walls, newer carpet, vaulted ceiling in living room, dining room opening to cedar deck and expansive nature views, gas propane fireplace, 80 gallon electric water heater , interior sprinkler system with compressor designed to deliver water to the room needed instead of relying on the well pump. 600 gallons of water in sprinkler tank , plentiful windows for light and viewing of nature, sunrise, and Mt Hood, cedar and fiber cement siding, 50 Year roof installed 1991, 30 year roof installed approx. 2007 on home addition, outlet for generator, NEW 2023-1350 gallon holding tank , water pressure is constant at 60 PSI, fenced garden area, cedar decking & railing system. WOW. Make an appointment today to view this fantastic property!


Features & Amenities

Interior

General:
Ceiling fan, Jetted tub, Laundry, Sprinkler, Tile floor, Vaulted ceiling, Wallto wall carpet, Washer dryer
Appliances:
Free standing refrigerator
Basement:
Crawl space
A/C:
None
Heating:
Forced air
Fireplace:
Propane, Fireplace, Fireplaces: 1

Exterior

General:
Cedar, Cement siding, Deck
Style:
Custom style
Parking:
Driveway, Rv access parking, Parking spaces: 2

Construction

Roofing:
Composition
Windows:
DoublePaneWindows,VinylFrames

Location

Road/Access:
Gravel
Originating MLS:
Regional Multiple Listing Service, Inc.
County:
Clackamas

Lot

Zoning:
RRFF5, SECTION 23 TOWNSHIP 2S RANGE 7E QUARTER D TAX LOT 01901, 00719592
View:
View

Utilities

Water:
Well
Sewer:
Septic Tank

Financial

Source:
Regional Multiple Listing Service, Inc.

This listing courtesy of:
Lewis Realtors, Melissa Shaw

About Rhododendron, OR

Housing

Number of Units
1,791
Median Home Value
$352,737
Median Rent
$1,178

17.36% of housing units are renter occupied.

50.20% are vacant.

Commute

Car
68.72%
Public Transportation
0.50%
Walk to Work
2.34%
Work from Home
25.47%
Other
2.71%

The median travel time to work is 28 minutes.

People

Population
2,000
Median Age
47.10
Median Household Size
2.21

Education

High School
18.84%
Associate’s Degree
18.79%
Bachelor’s Degree
19.33%
Graduate Degree
13.32%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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