NOT LISTED FOR SALE

505 Marie St Medford, OR 97504

Laurelhurst Neighborhood

Estimated Value: $289,000 - $317,000

2 Beds
2 Baths
1,251 Sq Ft
$244/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $275,000 $220 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,861/month

97 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Ranch Style House
  • Detached Garage
  • Patio

About This Home

As of June 2021

Great investment opportunity. Well maintained Duplex with recent updates located in E. Medford close to shopping, medical, employment opportunities, restaurants, parks, & more. Excellent rental history. These single level units are 625 Square feet with 1 bedroom, 1 bath, 9' ceilings, indoor laundry, features a carport with extra storage, located at the rear of lot with paved alley access. Newer vinyl windows, New roof, New ext. paint, New fence, New power meters/electrical panels, New floor coverings (carpet & waterproof vinyl plank flooring) & more. Separate gas and electric meters. Covered rear patios, fenced yard with mature landscaping. Information deemed reliable but not guaranteed. Showing by appt. only with prequalified buyers (verification of funds if cash). Owner currently pays W/S/G. Unit #505 is now rented at $880.00 (Recent increase on 04/01/2021). Unit #507 is now rented at $790.00 (Recent increase on 04/01/2021). Property is professionally managed.

Last Agent to Sell the Property

Glen Thone

RE/MAX Integrity License #900200151 Listed on: 04/16/2021

RE/MAX Integrity

Last Buyer's Agent

Susan Clemmons

RE/MAX Integrity License #201205776

RE/MAX Integrity

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,105

Year Built

  • Built in 1940

Lot Details

  • 6,098 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Ranch Style House
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Vinyl Clad Windows
  • Territorial Views

Kitchen

  • Oven
  • Range
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Alley Access

Outdoor Features

  • Patio
  • Outdoor Storage
  • Storage Shed

Schools

  • Roosevelt Elementary School
  • Hedrick Middle School
  • North Medford High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Legal Lot and Block 5800 / 3
  • Assessor Parcel Number 1-0331960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,105

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Architectural Style: Ranch
  • Directions: Crater Lake Avenue, East on Saling Avenue, North on Marie Street. Property is located on the left
  • Unit Levels: One
  • Lot Size Acres: 0.14
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Duplex
  • Road Frontage Type: Other
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Year Built: 1940
  • Co List Office Phone: 541-770-3325
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Roosevelt Elem
  • General Property Information Middle Or Junior School: Hedrick Middle
  • General Property Information High School: North Medford High
  • General Property Information:Zoning2: Sfr-10
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 5800
  • General Property Information New Construction YN: No
  • Appliances Refrigerators: Yes
  • Location Tax and Legal:Tax Block: 3
  • Architectural Style Ranch: Yes
  • Levels:One: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Other Structures:Storage: Yes
  • Common Walls 1 Common Wall: Yes
  • Special Features: None

Interior Features

  • Appliances: Oven, Range, Refrigerator, Water Heater
  • Has Basement: None
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s), Laminate Counters
  • Window Features: Vinyl Frames
  • Appliances Range: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Oven: Yes
  • Interior Features:Ceiling Fans: Yes

Exterior Features

  • Common Walls: 1 Common Wall
  • Construction Type: Frame
  • Exterior Features: Patio
  • Foundation Details: Concrete Perimeter, Stemwall
  • Lot Features: Fenced, Landscaped, Level
  • Other Structures: Storage
  • Roof: Composition
  • View: Territorial
  • Exclusions: Tenants Personal Property
  • Lot Features:Level: Yes
  • Lot Features:Fenced: Yes
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Landscaped: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Parking Features: Alley Access, Detached
  • Attached Garage: No
  • Parking Features:Detached: Yes
  • Parking Features:Alley Access: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: 1-0331960
  • ResoLotSizeUnits: Acres
  • Zoning Description: Sfr-10
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2104.59
  • Tax Block: 3
  • Tax Lot: 5800
  • Tax Map Number: 371W19DD
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jun 14, 2021
Sold by
Trotman Charlene and Bartley Marvel
Bought by
Luu Zena
Seller's Agent
Glen Thone
RE/MAX Integrity
Buyer's Agent
Susan Clemmons
RE/MAX Integrity
List Price
$260,000
Sold Price
$275,000
Premium/Discount to List
$15,000
5.77%
Current Estimated Value
$305,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,685
Avg. Annual Appreciation
2.53%
Original Mortgage
$206,250
Outstanding Balance
$187,949
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$117,125

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jun 10, 2021
Sold by
Bob Riehm Revocable Living Trust and Trotman Charlene
Bought by
Luu Zena
Seller's Agent
Glen Thone
RE/MAX Integrity
Buyer's Agent
Susan Clemmons
RE/MAX Integrity
List Price
$260,000
Sold Price
$275,000
Premium/Discount to List
$15,000
5.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Outstanding Balance
$187,949
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$117,125

Purchase Details

Closed on
Feb 14, 2005
Sold by
Riehm Robert
Bought by
Riehm Robert and Bob Riehm Revocable Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Luu Zena $275,000 Ticor Title
Luu Zena $275,000 Ticor Title
Riehm Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luu Zena $206,250
Closed Luu Zena $206,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $275,000 +5.8% $220 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
02/01/2021 02/01/21 For Sale $260,000 -- $208 / 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 $2,334 $160,900 $124,750 $36,150
2024 $2,334 $156,220 $121,120 $35,100
2023 $2,262 $151,670 $117,590 $34,080
2022 $2,207 $151,670 $117,590 $34,080
2021 $2,150 $147,260 $114,170 $33,090
2020 $2,105 $142,980 $110,850 $32,130
2019 $2,055 $134,780 $104,500 $30,280
2018 $2,002 $130,860 $101,460 $29,400
2017 $1,966 $130,860 $101,460 $29,400
2016 $1,979 $123,350 $95,640 $27,710
2015 $1,902 $123,350 $95,640 $27,710
2014 $1,860 $116,280 $90,160 $26,120
Source: Public Records

Agents Affiliated with this Home

  • Glen Thone

    Seller's Agent in 2021

    Glen Thone

    RE/MAX

    (541) 944-5873

    1 in this area

    99 Total Sales

    Glen Thone
    Section Image
  • Susan Clemmons

    Buyer's Agent in 2021

    Susan Clemmons

    RE/MAX

    (541) 601-6464

    2 in this area

    94 Total Sales

    Susan Clemmons
    Section Image
See All Agents

Map

Source: Oregon Datashare

MLS Number: 220115932

Oregon Datashare

APN: 10331960

Oregon Jackson County Medford 97504 Laurelhurst

505 Marie St, Medford, OR

This home is located at 505 Marie St, Medford, OR 97504 since 16 April 2021 and is currently estimated at $305,685, approximately $244 per square foot. This property was built in 1940. 505 Marie St is a home located in Jackson County with nearby schools including Roosevelt Elementary School, Hedrick Middle School, and North Medford High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Oregon Datashare © 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.

Nearby Homes