NOT LISTED FOR SALE

500 Martin Rd Cave Junction, OR 97523

Estimated Value: $5,067,054

4 Beds
2 Baths
2,190 Sq Ft
$2,314/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $5,000,000 $2,283 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $27,260/month

172 Days on Market

Highlights

  • Home fronts a creek
  • Separate Outdoor Workshop
  • Level Lot
  • 394.56 Acre Lot
  • Surveillance System
  • Pellet Stove burns compressed wood to generate heat

About This Home

As of November 2020

Turn Key Hemp Farm consisting of 394 acres Ag land, Illinois River Frontage & end of the road privacy. One of a kind property boasts 289 acres primary water rights dating back to 1900, 47 supplemental rights and 150 AF storage. 7 legal parcels zoned EFU with additional homesite possibilities. 2019 improvements to the property include; 50'x200' Butler building w/20' sides and pallet racking, Remote Irrigation controller, monitor and moisture sensors, 2 hemp harvesters, 2 ranch mules, Combine, Seeder, nutrient injection system and renovation to the 2190sf 4 bed/2 bath ranch home. To much to list. (2) 75hp pumps, underground irrigation, wheel lines, sprinkler and drip system included. 1200 amps of power on property w/ electrical upgrades at pump house and outbuildings. Owner carry terms available to qualified buyer. Appointment Only. All information deemed reliable, but not guaranteed. All information should be independently verified.

Last Agent to Sell the Property

Rich Holstrom

Rich Holstrom Real Estate LLC License #201102093 Listed on: 03/05/2020

Last Buyer's Agent

Ann James

Pine-Rok Realty License #201227141

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,941

Year Built

  • Built in 1954

Lot Details

  • 394.56 Acre Lot
  • Home fronts a creek
  • Home fronts a pond
  • Level Lot
  • Additional Parcels
  • Property is zoned EFU, EFU

Home Design

  • 2,190 Sq Ft Home
  • Farm

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Separate Outdoor Workshop

Schools

  • Evergreen Elementary School
  • Lorna Byrne Middle School
  • Illinois Valley High School

Utilities

  • Pellet Stove burns compressed wood to generate heat
  • Irrigation Water Rights
  • Well

Community Details

  • Martin Addition Subdivision

Listing and Financial Details

  • Exclusions: Combine, storage bins
  • Assessor Parcel Number R331036

Property Details

Property Type

Other

Est. Annual Taxes

$3,941

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Directions: Approx. 30 minutes from Grants Pass, take Hwy 199 just past Cave Junction, turn left just after the bridge on Rockydale Road, travel approx. 1 mile then left on Martin Road, (Martin Road sign is not easily seen), property is at the end of Martin Rd.
  • Garage Yn: No
  • Lot Size Acres: 394.56
  • Prop. Type: Farm
  • New Construction: No
  • Property Sub Type: Agricultural
  • Road Frontage Type: Other
  • Road Surface Type: Paved
  • Subdivision Name: Martin Addition
  • Year Built: 1954
  • Co List Office Phone: 541-787-1681
  • Outside Inclusions: on file
  • MLS Status: Closed
  • General Property Information:Zoning2: EFU
  • Road Surface Type:Paved: Yes
  • Other Structures:Workshop: Yes
  • Water Source:Well: Yes
  • Utilities:Electricity Connected: Yes
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: Level
  • Other Structures: Workshop
  • Waterfront Features: Pond, Creek
  • Waterfront: Yes
  • Exclusions: Combine, storage bins
  • Lot Features:Level: Yes
  • Waterfront Features:Pond3: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Heating: Electric, Pellet Stove
  • Water Source: Well
  • HeatingYN: Yes
  • Heating:Electric2: Yes
  • Heating:Pellet Stove: Yes

Schools

  • Elementary School: Evergreen Elem
  • High School: Illinois Valley High
  • Middle Or Junior School: Lorna Byrne Middle

Lot Info

  • Additional Parcels Description: See Remarks
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 17187033.6
  • Parcel #: R331036
  • Irrigation Water Rights: Yes
  • Crops Included: No
  • ResoLotSizeUnits: Acres
  • Zoning Description: EFU
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3941.0
  • Tax Year: 19

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $5,000,000 -5.7% $2,283 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $5,300,000 +55.9% $2,420 / Sq Ft
12/13/2018 12/13/18 Sold $3,400,000 -99.0% $1,553 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
05/15/2015 05/15/15 For Sale $340,000,000 +16900.0% $155,251 / Sq Ft
07/08/2014 07/08/14 Sold $2,000,000 -11.1% $913 / Sq Ft
06/02/2014 06/02/14 Pending -- -- --
12/18/2013 12/18/13 For Sale $2,250,000 -- $1,027 / 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
2024 $4,434 $441,080 -- --
2023 $3,915 $428,360 $0 $0
2022 $3,840 $416,000 -- --
2021 $3,662 $404,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rich Holstrom

    Seller's Agent in 2020

    Rich Holstrom

    Rich Holstrom Real Estate LLC

    (541) 787-1681

    38 Total Sales

    Rich Holstrom
    Section Image
  • Ann James

    Buyer's Agent in 2020

    Ann James

    Pine-Rok Realty

    (443) 624-1194

    55 Total Sales

    Ann James
    Section Image

  • K

    Seller's Agent in 2014

    Kirsten Damgaard

    John L. Scott Medford

    (541) 779-3611

    26 Total Sales

    Kirsten Damgaard
    Section Image

  • U

    Buyer's Agent in 2014

    Unknown Member

See All Agents

Map

Source: Oregon Datashare

MLS Number: 103011083

Oregon Datashare

APN: R330692

Oregon Josephine County Cave Junction 97523

500 Martin Rd, Cave Junction, OR

This home is located at 500 Martin Rd, Cave Junction, OR 97523 since 05 March 2020 and is currently estimated at $5,067,054, approximately $2,313 per square foot. This property was built in 1954. 500 Martin Rd is a home located in Josephine County with nearby schools including Evergreen Elementary School, Lorna Byrne Middle School, and Illinois Valley High School.

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