NOT LISTED FOR SALE

Estimated Value: $597,495 - $724,000

8 Beds
4 Baths
3,620 Sq Ft
$179/Sq Ft Est. Value

Last Sold April 06, 2021

Last sale price $550,000 $152 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,112/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Double Pane Windows
  • Shed
  • No HOA
  • Cooling Available
  • Detached Carport Space

About This Home

As of April 2021

Welcome to 2974 Stacie Way, a rare public offering of a unique 4-unit multi-family property located in desirable Northeast Medford. Set in a quiet & private neighborhood, the property consists of four, 2 bedroom/1 bath units with efficient layouts and good flow, and include individual laundry hookups, good interior storage, and outdoor enclosed patios. The property is complete with covered parking for 5-cars, paved driveway, a large common area, and a convenient location close to amenities. Positioned as a long-term investment, the property has rents ranging from $825 to $875 and has had very low historic vacancy rates. 2 tenants not paying rent, see private remarks for additional details.

Last Agent to Sell the Property

Caspian Hoehne

Merit Commercial RE, LLC License #201234073 Listed on: 02/17/2021

Co-Listed By

Chris Martin

Land Leader License #200706071

Last Buyer's Agent

Jim North

John L. Scott Medford License #200310092

John L. Scott Medford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,673

Year Built

  • Built in 1993

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls

Home Design

  • Quadruplex
  • Traditional Architecture
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Flooring

  • Carpet
  • Vinyl

Parking

  • Detached Carport Space
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Shed

Schools

  • Abraham Lincoln Elementary School
  • Hedrick Middle School
  • North Medford High School

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • No Home Owners Association
  • 4 Units
  • Sheraton Village Subdivision Unit 2

Listing and Financial Details

  • Exclusions: Contact LA.
  • Assessor Parcel Number 10820681

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,673

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Unit Levels: Two
  • Lot Size Acres: 0.2
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Quadruplex
  • Subdivision Name: Sheraton Village Subdivision Unit 2
  • Year Built: 1993
  • Co List Office Mls Id: orOLW
  • Co List Office Phone: 866-559-3478
  • Co List Office Phone: 866-559-3478
  • Outside Inclusions: Contact LA.
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: MFR-20
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Common Walls:No Common Walls: Yes
  • Other Structures:Shed(s): Yes
  • Architectural Style Traditional: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Window Features: Double Pane Windows

Exterior Features

  • Common Walls: No Common Walls
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s), Other
  • Roof: Composition
  • Exclusions: Contact LA.
  • Construction Materials:Frame: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

  • Parking Features: Asphalt, Detached Carport, On Street, Parking Lot
  • Attached Garage: No
  • Parking Features:Asphalt: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Detached Carport: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Abraham Lincoln Elem
  • High School: North Medford High
  • Middle Or Junior School: Hedrick Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 10820681
  • ResoLotSizeUnits: Acres
  • Zoning Description: MFR-20
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5672.61
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Apr 5, 2021
Sold by
Revak William L and Revak Susan B
Bought by
Deluca Ronald and The Deluca Revocable Trust
Seller's Agent
Caspian Hoehne
Merit Commercial RE, LLC
Buyer's Agent
Jim North
John L. Scott Medford
List Price
$567,000
Sold Price
$550,000
Premium/Discount to List
-$17,000
-3%
Current Estimated Value
$646,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,624
Avg. Annual Appreciation
3.89%

Purchase Details

Closed on
Dec 15, 2017
Sold by
Brown Charles W and Brown Virginia B
Bought by
Revak William L and Revak Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,900
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2017
Sold by
Brown Charles W and Brown Virginia Bonta
Bought by
Revak William L and Revak Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,900
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2013
Sold by
Brown Charles W and Brown Virginia Bonta
Bought by
Applied Resource Solutions Llc

Purchase Details

Closed on
Nov 11, 2009
Sold by
Camacho Faria Manuel M and Camacho Faria Zulmira
Bought by
Faria Manuel M and Faria Zulmira C

Purchase Details

Closed on
Feb 14, 2008
Sold by
Faria Manuel
Bought by
Camacho Faria Manuel M and Camacho Faria Zulmira

Purchase Details

Closed on
Nov 24, 2004
Sold by
Faria Connie
Bought by
Faria Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2001
Sold by
Obrien Michael J and James C Bagaria Living Trust
Bought by
Faria Manuel and Faria Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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Average Value
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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
Deluca Ronald $550,000 First American
Revak William L -- First American Title
Revak William L $407,000 First American Title
Applied Resource Solutions Llc -- None Available
Faria Manuel M -- None Available
Camacho Faria Manuel M -- Accommodation
Faria Manuel -- --
Faria Manuel $292,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deluca Revocable Trust $412,500
Previous Owner Revak William L $284,900
Previous Owner Revak William L $284,900
Previous Owner Brown Charles W $210,000
Previous Owner Faria Manuel $184,000
Previous Owner Faria Manuel $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2021 04/06/21 Sold $550,000 -3.0% $152 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $567,000 +90.2% $157 / Sq Ft
06/25/2012 06/25/12 Sold $298,100 -2.3% $82 / Sq Ft
04/30/2012 04/30/12 Pending -- -- --
04/19/2012 04/19/12 For Sale $305,000 -- $84 / 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 $6,290 $433,740 $74,230 $359,510
2024 $6,290 $421,110 $72,070 $349,040
2023 $6,098 $408,850 $69,970 $338,880
2022 $5,949 $408,850 $69,970 $338,880
2021 $5,795 $396,950 $67,930 $329,020
2020 $5,673 $385,390 $65,950 $319,440
2019 $5,539 $363,280 $62,160 $301,120
2018 $5,397 $352,700 $60,340 $292,360
2017 $5,299 $352,700 $60,340 $292,360
2016 $5,334 $332,460 $56,890 $275,570
2015 $5,127 $332,460 $56,890 $275,570
2014 $5,037 $313,380 $53,620 $259,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220116766

Oregon Datashare

APN: 10820681