NOT LISTED FOR SALE

2525 E Barnett Rd Medford, OR 97504

Estimated Value: $391,000 - $447,000

3 Beds
2 Baths
1,604 Sq Ft
$254/Sq Ft Est. Value

Last Sold January 09, 2017

Last sale price $157,000 $98 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $2,438/month

14 Days on Market

Highlights

  • 1-Story Property
  • Fenced
  • Heating Available
  • Hoover Elementary School Rated 9+
  • Level Lot

About This Home

As of January 2017

Investment opportunity near corner of Black Oak and Barnett! Currently zoned MFR-15 with potential for future medium density development such as townhouses, apartments, mobile home parks, and group quarters. Previously used as rental with apparent good rental history/occupancy. Rented for $925.00 a month with estimated rents of $1,200 a month or more in today's rental market. Perfect opportunity to own property that generates passive income while you prepare for further medium density development. Located in the desirable Hoover School District and close proximity to medical services. Additional tax lots and homes available that could create a total of 1.48 acres of MFR-15 zoned land. Buyer to do own due diligence regarding all aspects of property.

Last Agent to Sell the Property

Tami Ford

Ford Real Estate License #200507316 Listed on: 11/18/2016

Co-Listed By

Tom Szczesniak

Ford Real Estate License #201214579

Last Buyer's Agent

Molly Lucas

eXp Realty, LLC License #200511154

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,736

Year Built

  • Built in 1957

Lot Details

  • 0.27 Acre Lot
  • Fenced
  • Level Lot
  • Property is zoned MFR-15, MFR-15

Parking

  • No Garage

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,604 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 10358455

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,736

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Directions: Corner of Solano Circle and Barnett.
  • Garage Yn: No
  • Unit Levels: One
  • Lot Size Acres: 0.27
  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1957
  • Co List Office Mls Id: orKWR
  • Co List Office Phone: 541-608-0447
  • Co List Office Phone: 541-608-0447
  • Outside Inclusions: Kitchen appliances
  • MLS Status: Closed
  • General Property Information:Zoning2: MFR-15
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information Accessory Dwelling Unit YN: No
  • Levels:One: Yes
  • Security Features:Smoke Detector(s): Yes
  • Roof:Composition: Yes
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Primary Downstairs
  • ResoLivingAreaSource: Assessor
  • Interior Features:Primary Downstairs: Yes

Exterior Features

  • Construction Type: Frame
  • Lot Features: Fenced, Level
  • Roof: Composition
  • Lot Features:Level: Yes
  • Lot Features:Fenced: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • General Property Information:Garage YN: No
  • Parking Features:No Garage: Yes

Utilities

  • Heating: Electric
  • Security: Smoke Detector(s), Other
  • Sewer: Public Sewer
  • Water Source: Public
  • HeatingYN: Yes
  • Heating:Electric2: Yes

Lot Info

  • Lot Size Sq Ft: 11761.2
  • Parcel #: 10358455
  • ResoLotSizeUnits: Acres
  • Zoning Description: MFR-15
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1736.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2017
Sold by
Biehn Michael and Ritter Family Trust
Bought by
S & B Property Management Llc
Current Estimated Value
$407,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Outstanding Balance
$229,118
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$189,455

Purchase Details

Listed on
Nov 18, 2016
Closed on
Dec 12, 2016
Sold by
Haynes Gerald D and Arellano Haynes Yolanda M
Bought by
Boldt Karine F and Ritter Judith M
Seller's Agent
Tami Ford
Ford Real Estate
Buyer's Agent
Molly Lucas
eXp Realty, LLC
List Price
$165,000
Sold Price
$157,000
Premium/Discount to List
-$8,000
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.99%

Purchase Details

Closed on
Sep 20, 2007
Sold by
Houk Ranee and Ranee Houk Living Trust
Bought by
Haynes Gerald D and Arellano Haynes Yolanda M

Purchase Details

Closed on
Apr 17, 2006
Sold by
Houk Ranee
Bought by
Houk Ranee and Ranee Houk Living Trust

Purchase Details

Closed on
Nov 10, 2004
Sold by
Telepacific Corp
Bought by
Houk Vernon G and Houk Ranee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 8, 2004
Sold by
Gutches Warren L
Bought by
Telepacific Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 23, 2004
Sold by
Telepacific Corp
Bought by
Reeder Ralph J and Reeder Margaret E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 1998
Sold by
Gutches Warren L
Bought by
City Of Medford
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
S & B Property Management Llc $265,000 Ticor Title Company Of Or
Boldt Karine F $157,000 First American
Haynes Gerald D $237,000 Lawyers Title Insurance Corp
Houk Ranee -- None Available
Houk Vernon G $175,000 Lawyers Title Ins
Telepacific Corp $110,000 Lawyers Title Ins
Reeder Ralph J $585,000 Lawyers Title Ins
City Of Medford $1,690 Jackson County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S & B Property Management Llc $272,000
Previous Owner Houk Vernon G $127,500
Previous Owner Telepacific Corp $110,000
Previous Owner Reeder Ralph J $170,931
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2017 01/09/17 Sold $157,000 -4.8% $98 / Sq Ft
12/02/2016 12/02/16 Pending -- -- --
11/18/2016 11/18/16 For Sale $165,000 -- $103 / Sq Ft
Source: Oregon Datashare

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,797 $192,840 $117,560 $75,280
2024 $2,797 $187,230 $114,140 $73,090
2023 $2,711 $181,780 $110,820 $70,960
2022 $2,645 $181,780 $110,820 $70,960
2021 $2,577 $176,490 $107,600 $68,890
2020 $2,522 $171,350 $104,470 $66,880
2019 $1,803 $118,240 $88,320 $29,920
2018 $1,757 $114,800 $85,750 $29,050
2017 $1,810 $114,800 $85,750 $29,050
2016 $1,736 $108,220 $80,840 $27,380
2015 $1,669 $108,220 $80,840 $27,380
2014 $1,639 $102,010 $76,200 $25,810
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Tami Ford

    Ford Real Estate

    (541) 227-3551

    5 Total Sales

    Tami Ford
    Section Image

  • T

    Seller Co-Listing Agent in 2017

    Tom Szczesniak

    Ford Real Estate

    (541) 622-3267

    11 Total Sales

    Tom Szczesniak
    Section Image

  • M

    Buyer's Agent in 2017

    Molly Lucas

    eXp Realty, LLC

    Section Image
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Map

Source: Oregon Datashare

MLS Number: 102971599

Oregon Datashare

APN: 10358455

Oregon Jackson County Medford 97504

2525 E Barnett Rd, Medford, OR

This home is located at 2525 E Barnett Rd, Medford, OR 97504 since 18 November 2016 and is currently estimated at $407,766, approximately $254 per square foot. This property was built in 1957. 2525 E Barnett Rd is a home located in Jackson County with nearby schools including Hoover Elementary School, Hedrick Middle School, and South Medford High School.

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