Price cut $38K
$335,000
1/53 BD · 2 BA · 1,876 SF · 0.06 AC
1005 Bismark Street
Klamath Falls, OR 97601
#220222332 01 / 25
For sale Price cut $60K on Oct 2
$335,000
5481 Gatewood Drive
Klamath Falls, OR 97603 · Gatewood
- Beds
- 3
- Baths
- 2
- Sq ft
- 1,854
- Acres
- 0.2
- Built
- 1977
- $/SF
- $181
Est. $2,093/mo~203 min to downtown Bend (approx.)
Listing by eXp Realty LLC. · 888-814-9613
MLS# 220216512 · Active
01
About this home
Welcome to 5481 Gatewood! This well-maintained 3-bedroom, 2-bath home offers 1,854 sq ft of comfortable living space on an 8,712 sq ft lot. Fresh interior paint creates a bright, clean feel throughout, giving the home a refreshed and inviting atmosphere from the moment you step inside. The updated kitchen, with Corian countertops, adds both style and function, making it a natural gathering place for everyday living and entertaining. Spacious living areas provide flexibility for relaxing or hosting, while the thoughtful layout offers privacy and comfort across all three bedrooms. Both bathrooms have been nicely updated. Outside, the generous lot provides room to enjoy, garden, or create your ideal outdoor retreat. A 2-car garage adds convenience and additional storage. With key updates already completed and a move-in ready feel, 5481 Gatewood is ready for its next chapter.
02
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03
Price history
Cut $60K| Date | Event | Price |
|---|---|---|
| Oct 2, 2026 | Price cut−$60,000 (15.2%) | $335,000 |
| Sep 2, 2026 | Listed for sale | $395,000 |
From the MLS: original list price and latest price change. 34 days on market.
04
Drive times
~203 min to downtown Bend- Sunriver Village~183 min · 154.1 mi
- Mt. Bachelor~192 min · 162.1 mi
- Old Mill District~201 min · 170.2 mi
- Downtown Bend~203 min · 171.3 mi
- St. Charles Bend~205 min · 173 mi
- Redmond Airport (RDM)~224 min · 190.5 mi
- Sisters~224 min · 190.4 mi
- Smith Rock State Park~236 min · 200.6 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1977- Type
- Single Family Residence
- Year built
- 1977
- Stories
- 1
- Garage
- 2 spaces
- Lot
- 0.2 AC · 8,712 SF
- Price / SF
- $181
- HOA
- None reported
- Taxes
- $3,279/yr
- Subdivision
- Gatewood
- County
- Klamath
- Days on market
- 34
- MLS #
- 220216512
- Interior
- Breakfast Bar · Built-in Features · Ceiling Fan(s) · Pantry · Walk-In Closet(s) · Solid Surface Counters · Shower/Tub Combo · Tile Shower
- Appliances
- Dishwasher · Disposal · Dryer · Range · Range Hood · Refrigerator · Washer · Water Heater
- Flooring
- Laminate
- Heating
- Forced Air · Natural Gas
- Cooling
- Central Air
- Fireplace
- Living Room · Wood Burning
- Parking
- Attached · Driveway · Garage Door Opener · On Street
- View
- Territorial · Neighborhood
- Lot
- Landscaped · Level · Native Plants · Fenced
- Construction
- Frame
- Roof
- Composition
- Community
- Park
06
Location & schools
Gatewood42.1748° N · 121.7255° W
Directions- Elementary
- Peterson Elem
- Middle
- Henley Middle
- High
- Henley High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$2,093/mo$2,093/mo
$268,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $1,694
- Property tax (listing)
- $273
- Home insurance (est.)
- $126
20% · $67,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220188175Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 4:31 PM.
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