4223 Merita Terrace Central Point, OR 97502
Estimated payment $2,473/month
Total Views
65,255
4
Beds
2
Baths
1,717
Sq Ft
$239
Price per Sq Ft
Highlights
- Barn
- Home fronts a pond
- RV Garage
- Horse Property
- Second Garage
- Pond View
About This Home
Investor Opportunity - Priced for Immediate Action! This property is a true diamond in the rough—hidden behind clutter and deferred maintenance, with clear built-in equity if cleaned and renovated. Currently in foreclosure, it offers a rare chance for resourceful investors with cash and resources necessary to capitalize on a promising 1+ac with 4-bed, 2-bath farmhouse on TWO parcels. Home includes an attached 2-car garage, large detached metal barn with room for 6+ vehicles, and smaller wood barn. The expansive land boasts open pasture, a pond, creek, garden beds, fruit trees, all near GI industrial/commercial zones with excellent freeway access (backs to freeway.) Although citations and back taxes exist, the property's potential for sweat equity and future value is immense. This is your opportunity to MAKE IT HAPPEN—clean up, upgrade, and unlock the true earning potential of this rural yet conveniently located estate. Act fast—property needs work but the rewards could be significant!
Listing Agent
Real Estate Alliance & Lease License #201241981 Listed on: 06/03/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,601
Year Built
- Built in 1989
Lot Details
- 11.65 Acre Lot
- Home fronts a pond
- Dirt Road
- Fenced
- Native Plants
- Level Lot
- Additional Parcels
- Property is zoned RR-5, RR-5
Parking
- 6 Car Garage
- Second Garage
- Workshop in Garage
- Driveway
- RV Garage
Property Views
- Pond
- Mountain
- Valley
- Neighborhood
Home Design
- 2-Story Property
- Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,717 Sq Ft Home
- Ceiling Fan
- Living Room
- Dining Room
- Laundry Room
Kitchen
- Oven
- Range
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- Horse Property
- Deck
- Covered Patio or Porch
- Separate Outdoor Workshop
- Shed
Schools
- Patrick Elementary School
- Hanby Middle School
- Crater High School
Farming
- Barn
- Pasture
Mobile Home
Utilities
- Central Air
- Heat Pump System
- Well
- Water Heater
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Foreclosure
- Notice Of Default
- Assessor Parcel Number 10189248
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,601 | $295,400 | $136,740 | $158,660 |
| 2024 | $3,601 | $286,800 | $146,920 | $139,880 |
| 2023 | $3,483 | $278,450 | $93,420 | $185,030 |
| 2022 | $3,417 | $278,450 | $93,420 | $185,030 |
| 2021 | $3,322 | $270,340 | $90,700 | $179,640 |
| 2020 | $3,227 | $262,470 | $88,060 | $174,410 |
| 2019 | $3,154 | $247,410 | $83,010 | $164,400 |
| 2018 | $3,059 | $240,210 | $80,590 | $159,620 |
| 2017 | $2,988 | $240,210 | $80,590 | $159,620 |
| 2016 | $2,903 | $226,430 | $75,970 | $150,460 |
| 2015 | $2,799 | $226,430 | $75,970 | $150,460 |
| 2014 | $2,448 | $213,440 | $71,600 | $141,840 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Price Changed | $409,900 | -8.9% | $239 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $450,000 | -- | $262 / Sq Ft |
Source: Oregon Datashare
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
About the Listing Agent
Kat has served the community through years of change and differing real estate markets. Through all these changes, Kat has remained loyal and steadfast, achieving unprecedented success through hard work and focused attention to detail & client needs. This caring, hard work and diligence has made Kat the Number 1 Overall Agent at House of Realty, surpassing sales records in both dollar volume and number of sales. A degree in Business Management is the foundation of her savvy negotiations and
Katherine 'Kat''s Other Listings
Source: Oregon Datashare
MLS Number: 220203131
APN: 10189248
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© 2025 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.
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