NOT LISTED FOR SALE

518 Palo Verde Way Central Point, OR 97502

Estimated Value: $342,000 - $389,000

3 Beds
2 Baths
1,409 Sq Ft
$256/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $195,500 $139 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,263/month

16 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Cooling Available
  • Ranch Style House
  • 2 Car Attached Garage
  • Heat Pump System

About This Home

As of May 2016

Nice home in a quiet Central Point neighborhood. 2 car garage with full behind the fence RV parking. Open spacious floor plan with big living room, formal dining and a family room. Kitchen offer a long breakfast bar for morning cereal with the kids. All bedrooms are generous in size. Back yard is huge and just waiting for a new family to bring it back to life.

Last Agent to Sell the Property

Diana Yates

Action Realty License #970100046 Listed on: 03/16/2016

Last Buyer's Agent

Kathleen Musitelli

John L. Scott Medford License #200402433

John L. Scott Medford

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,463

Year Built

  • Built in 1979

Lot Details

  • 7,841 Sq Ft Lot
  • Property is zoned R-1-8, R-1-8

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Home Design

  • 1,409 Sq Ft Home
  • Ranch Style House
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 10614520

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,463

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • Lot Size Acres: 0.18
  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1979
  • Co List Office Phone: 541-772-7782
  • MLS Status: Closed
  • General Property Information:Zoning2: R-1-8
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Architectural Style Ranch: Yes
  • Levels:One: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Special Listing Conditions:Real Estate Owned: Yes
  • Buyer Financing:FHA: Yes
  • Special Features: RealEstateOwned

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Primary Downstairs
  • ResoLivingAreaSource: Other
  • Interior Features:Primary Downstairs: Yes

Exterior Features

  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Construction Materials:Frame: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, RV Access/Parking
  • Attached Garage: Yes
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Electric2: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: 10614520
  • ResoLotSizeUnits: Acres
  • Zoning Description: R-1-8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2463.06
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2016
Closed on
May 4, 2016
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Castagnaro Sara C
Seller's Agent
Diana Yates
Action Realty
Buyer's Agent
Kathleen Musitelli
John L. Scott Medford
List Price
$185,000
Sold Price
$195,500
Premium/Discount to List
$10,500
5.68%
Current Estimated Value
$361,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,579
Avg. Annual Appreciation
7.03%
Original Mortgage
$194,669
Outstanding Balance
$156,466
Interest Rate
3.71%
Mortgage Type
FHA
Estimated Equity
$208,850

Purchase Details

Closed on
Sep 28, 2015
Sold by
Wisdom Levi and The Estate Of Charlie K Wisdom
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 30, 2015
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Feb 27, 2015
Sold by
Wisdom Levi and Wisdom Kyle
Bought by
Wisdom Levi and Wisdom Kyle

Purchase Details

Closed on
Oct 4, 2004
Sold by
Wisdom Charles K
Bought by
Wisdom Charlie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,235
Interest Rate
5.72%
Mortgage Type
FHA
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
Castagnaro Sara C $195,500 Ticor Title Company Of Or
Wells Fargo Bank Na $175,420 None Available
The Secretary Of Housing & Urban Develop -- Nextitle
Wisdom Levi -- None Available
Wisdom Charlie K -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castagnaro Sara C $27,465
Open Castagnaro Sara C $194,669
Previous Owner Wisdom Charlie K $25,000
Previous Owner Wisdom Charlie K $151,235
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2016 05/06/16 Sold $195,500 +5.7% $139 / Sq Ft
03/16/2016 03/16/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $185,000 -- $131 / 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 $3,222 $193,790 $98,080 $95,710
2024 $3,222 $188,150 $95,220 $92,930
2023 $3,118 $182,670 $92,440 $90,230
2022 $3,045 $182,670 $92,440 $90,230
2021 $2,958 $177,350 $89,740 $87,610
2020 $2,872 $172,190 $87,130 $85,060
2019 $2,802 $162,320 $82,140 $80,180
2018 $2,716 $157,600 $79,750 $77,850
2017 $2,648 $157,600 $79,750 $77,850
2016 $2,571 $148,560 $75,180 $73,380
2015 $2,463 $148,560 $75,180 $73,380
2014 $2,616 $140,040 $70,870 $69,170
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Diana Yates

    Action Realty

  • Kathleen Musitelli

    Buyer's Agent in 2016

    Kathleen Musitelli

    John L. Scott Medford

    (541) 890-2311

    33 Total Sales

    Kathleen Musitelli
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Map

Source: Oregon Datashare

MLS Number: 102962980

Oregon Datashare

APN: 10614520

Oregon Jackson County Central Point 97502

518 Palo Verde Way, Central Point, OR

This home is located at 518 Palo Verde Way, Central Point, OR 97502 since 16 March 2016 and is currently estimated at $361,079, approximately $256 per square foot. This property was built in 1979. 518 Palo Verde Way is a home located in Jackson County with nearby schools including Richardson Elementary School, Scenic Middle School, and Crater High School.

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