NOT LISTED FOR SALE

40825 Highway 62 Prospect, OR 97536

Estimated Value: $455,000 - $507,000

2 Beds
2 Baths
1,856 Sq Ft
$260/Sq Ft Est. Value

Last Sold October 15, 2019

Last sale price $365,000 $197 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,815/month

19 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Wood Flooring
  • Mountain View
  • Vaulted Ceiling
  • Log Cabin

About This Home

As of October 2019

Looking for a place to get away from the hustle and bustle? Ever dreamed of your own log home? This is your opportunity! Nestled in the mountains just outside the quaint town of Prospect, you are surrounded with all the recreational opportunities Southern Oregon has to offer. This property is located within a five minute drive to Lost Creek Marina for the fisherman or water sports enthusiast, and this area offers abounding public lands for the hiker or hunter. Outside the home, you will find large decks that invite you to sit back and take in the surrounding natural beauty. As you enter the home, you will be greeted by the family/dining room and kitchen. This home features two master suites; one on the main level and one on the upper level. There is plenty of space upstairs for an office/sitting room or additional sleeping space with nice territorial views. This property has a solid Airbnb and VRBO following, creating an opportunity for a return on your investment if desire

Last Agent to Sell the Property

Timothy Young

Land Leader License #201221614 Listed on: 08/21/2019

Co-Listed By

Chris Martin

Land Leader License #200706071

Last Buyer's Agent

Michelle Lewis

RE/MAX Platinum

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,885

Year Built

  • Built in 1988

Lot Details

  • 5.09 Acre Lot
  • Property fronts an easement
  • Level Lot
  • Property is zoned RR-5, RR-5

Property Views

  • Mountain
  • Territorial
  • Valley

Home Design

  • Log Cabin
  • Metal Roof
  • Log Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,856 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Carbon Monoxide Detectors

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Separate Outdoor Workshop

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Wood
  • Heat Pump System
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 10514785

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,885

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Architectural Style: Log
  • Directions: From Medford: Hwy 62 to Prospect. Across from Cascade Gorge store. NO SIGN.
  • Garage Yn: Yes
  • Unit Levels: Two
  • Lot Size Acres: 5.09
  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Road Frontage Type: Easement
  • Year Built: 1988
  • Co List Office Mls Id: orOLW
  • Co List Office Phone: 866-559-3478
  • Co List Office Phone: 866-559-3478
  • MLS Status: Closed
  • General Property Information:Zoning2: RR-5
  • View Territorial: Yes
  • General Property Information Accessory Dwelling Unit YN: No
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Other Structures:Workshop: Yes
  • Water Source:Well: Yes
  • Flooring:Hardwood: Yes
  • Road Frontage Type:Easement: Yes
  • View:Mountain(s): Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Foundation Details Concrete Perimeter: Yes
  • View:Valley: Yes
  • Architectural Style Log: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven, Range, Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Kitchen Island, Vaulted Ceiling(s)
  • ResoLivingAreaSource: Assessor
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Oven: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Vaulted Ceiling(s): Yes

Exterior Features

  • Construction Type: Log
  • Foundation Details: Concrete Perimeter
  • Lot Features: Level, Sloped
  • Other Structures: Workshop
  • Roof: Metal
  • View: Mountain(s), Territorial, Valley
  • Patio And Porch Features: Deck
  • Lot Features:Level: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Sloped: Yes
  • Construction Materials:Log2: Yes
  • Patio and Porch Features:Deck: Yes

Garage/Parking

  • Parking Features: Detached, RV Access/Parking
  • Attached Garage: No
  • General Property Information:Garage YN: Yes
  • Parking Features:Detached: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Heat Pump, Wall/Window Unit(s)
  • Heating: Electric, Heat Pump, Wood, Other
  • Security: Carbon Monoxide Detector(s), Other
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Wood: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Electric2: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 221720.4
  • Parcel #: 10514785
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres
  • Zoning Description: RR-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1885.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Oct 3, 2019
Sold by
Allen William and Long Barbara Beebe
Bought by
Levesque Richard and Levesque Galina Krasilnikova
Seller's Agent
Timothy Young
Land Leader
Buyer's Agent
Michelle Lewis
RE/MAX Platinum
List Price
$360,000
Sold Price
$365,000
Premium/Discount to List
$5,000
1.39%
Current Estimated Value
$483,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,357
Avg. Annual Appreciation
4.89%
Original Mortgage
$285,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2015
Closed on
Oct 21, 2015
Sold by
Allen William
Bought by
Beebe Allen William and Beebe Long Barbara
Seller's Agent
Jo Heim
John L. Scott Medford
Buyer's Agent
Leann Carlson
John L. Scott Medford
List Price
$299,000
Sold Price
$255,900
Premium/Discount to List
-$43,100
-14.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.31%
Original Mortgage
$230,300
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2015
Closed on
Oct 16, 2015
Sold by
Ellis Dennis D
Bought by
Allen William
Seller's Agent
Jo Heim
John L. Scott Medford
Buyer's Agent
Leann Carlson
John L. Scott Medford
List Price
$299,000
Sold Price
$255,900
Premium/Discount to List
-$43,100
-14.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,300
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2015
Closed on
Oct 14, 2015
Sold by
Mckee Laura L and Ellis Laura L
Bought by
Ellis Dennis D
Seller's Agent
Jo Heim
John L. Scott Medford
Buyer's Agent
Leann Carlson
John L. Scott Medford
List Price
$299,000
Sold Price
$255,900
Premium/Discount to List
-$43,100
-14.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,300
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2001
Sold by
Davis Craig D
Bought by
Ellis Dennis D and Ellis Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,400
Interest Rate
7.14%

Purchase Details

Closed on
Jul 2, 1999
Sold by
Olson Pamela Sue
Bought by
Davis Craig D
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
Levesque Richard $365,000 Amerititle
Beebe Allen William -- Ticor Title Company Of Or
Allen William $255,900 Ticor Title Company Of Or
Ellis Dennis D -- Ticor Title Company Of Or
Ellis Dennis D $154,000 Lawyers Title Insurance Corp
Davis Craig D -- Amerititle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levesque Richard $285,600
Closed Levesque Richard $285,000
Previous Owner Allen William $230,300
Previous Owner Ellis Dennis D $115,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2019 10/15/19 Sold $365,000 +1.4% $197 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $360,000 +40.7% $194 / Sq Ft
10/21/2015 10/21/15 Sold $255,900 -14.4% $138 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $299,000 -- $161 / 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 $2,239 $244,610 $101,810 $142,800
2024 $2,239 $237,490 $62,780 $174,710
2023 $2,161 $230,580 $60,950 $169,630
2022 $2,105 $230,580 $60,950 $169,630
2021 $2,044 $223,870 $59,170 $164,700
2020 $1,989 $217,350 $57,450 $159,900
2019 $1,940 $204,880 $54,160 $150,720
2018 $1,885 $198,920 $52,580 $146,340
2017 $1,839 $198,920 $52,580 $146,340
2016 $1,791 $187,510 $49,570 $137,940
2015 $1,733 $187,510 $49,570 $137,940
2014 $1,688 $176,750 $46,720 $130,030
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Timothy Young

    Land Leader

    (541) 698-7952

    5 Total Sales

    Timothy Young
    Section Image
  • Chris Martin

    Seller Co-Listing Agent in 2019

    Chris Martin

    Land Leader

    (541) 660-5111

    127 Total Sales

    Chris Martin
    Section Image

  • M

    Buyer's Agent in 2019

    Michelle Lewis

    RE/MAX

  • Jo Heim

    Seller's Agent in 2015

    Jo Heim

    John L. Scott Medford

    (541) 944-8353

    125 Total Sales

    Jo Heim
    Section Image

  • L

    Buyer's Agent in 2015

    Leann Carlson

    John L. Scott Medford

See All Agents

Map

Source: Oregon Datashare

MLS Number: 103005750

Oregon Datashare

APN: 10514785

Oregon Jackson County Prospect 97536

40825 Highway 62, Prospect, OR

This home is located at 40825 Highway 62, Prospect, OR 97536 since 21 August 2019 and is currently estimated at $483,357, approximately $260 per square foot. This property was built in 1988. 40825 Highway 62 is a home located in Jackson County.

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