NOT LISTED FOR SALE

Estimated Value: $402,000 - $503,000

4 Beds
3 Baths
2,208 Sq Ft
$209/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $464,000 $210 Per Sq Ft

Current estimated payment $2,753/month

71 Days on Market

Highlights

  • Craftsman Architecture
  • No HOA
  • Cooling Available
  • Territorial View
  • Double Pane Windows
  • Bathtub with Shower

About This Home

As of September 2023

Calling all investors! Remarkable craftsman-style triplex with incredible cap rates! Situated in the vibrant heart of Medford, this property's location combines convenience and lifestyle, ensuring a desirable living experience for tenants. This property boasts three distinct units. Two of the units feature 1 BD/1 BTH each, while the third unit offers an enticing 2 BD/1 BTH layout. These units are recently remodeled and have become stunning living spaces that have high-quality tenants and generate substantial rental income. The large lot that accompanies this property is a blank canvas brimming with potential. Alley access provides ease of entry and exit, while off-street parking and a converted garage for storage offer practicality and versatility. This property is just steps away from bus lines, schools, mouthwatering restaurants, fabulous shopping, and all the amenities that make downtown Medford truly special. Investors, this is the opportunity you've been waiting for!

Last Agent to Sell the Property

Steve Thomas

eXp Realty, LLC License #201221244 Listed on: 06/01/2023

eXp Realty, LLC

Last Buyer's Agent

Dallin George

Home Quest Realty License #201213166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,265

Year Built

  • Built in 1912

Lot Details

  • 9,583 Sq Ft Lot
  • Two or More Common Walls
  • Fenced
  • Level Lot

Property Views

  • Territorial
  • Neighborhood

Home Design

  • Triplex
  • Craftsman Architecture
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Bathtub with Shower
  • 2-Story Property
  • Double Pane Windows
  • Oven

Flooring

  • Carpet
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • No Garage
  • Alley Access
  • On-Street Parking

Schools

  • Jackson Elementary School
  • Mcloughlin Middle School
  • South Medford High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Water Heater

Community Details

  • No Home Owners Association
  • 3 Units
  • Summit Avenue Heights Addition Subdivision

Listing and Financial Details

  • Exclusions: Tenant's personal property
  • Tax Lot 1700
  • Assessor Parcel Number 10398104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,265

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Architectural Style: Craftsman
  • Unit Levels: Two
  • Lot Size Acres: 0.22
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Triplex
  • Road Frontage Type: Shared Access
  • Road Surface Type: Paved
  • Subdivision Name: Summit Avenue Heights Addition
  • Year Built: 1912
  • Co List Office Phone: 888-814-9613
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information Elementary School: Jackson Elem
  • General Property Information Middle Or Junior School: McLoughlin Middle
  • General Property Information High School: South Medford High
  • General Property Information:Zoning2: SFR-10
  • General Property Information Audio Surveillance on Premises YN: No
  • Road Surface Type:Paved: Yes
  • View Neighborhood: Yes
  • View Territorial: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 1700
  • General Property Information New Construction YN: No
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Levels:Two: Yes
  • Roof:Composition: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Architectural Style Craftsman: Yes
  • Common Walls 2 Common Walls: Yes
  • Special Features: None

Interior Features

  • Appliances: Oven, Water Heater
  • Has Basement: None
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Shower/Tub Combo
  • Window Features: Double Pane Windows
  • Appliances:Oven: Yes
  • Interior Features ShowerTub Combo: Yes

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced, Level
  • Roof: Composition
  • View: Neighborhood, Territorial
  • Exclusions: Tenant's personal property
  • Lot Features:Level: Yes
  • Lot Features:Fenced: Yes
  • Construction Materials:Frame: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

  • Parking Features: Alley Access, No Garage, On Street
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Alley Access: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Electric
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Heater: Yes
  • HeatingCooling:Heat Pump: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Jackson Elem
  • High School: South Medford High
  • Middle Or Junior School: McLoughlin Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: 10398104
  • ResoLotSizeUnits: Acres
  • Zoning Description: SFR-10
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2264.63
  • Tax Lot: 1700
  • Tax Map Number: 372W25BA0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Sep 7, 2023
Sold by
Zrkl Real Estate Llc
Bought by
Allen Sean Nicholas
Seller's Agent
Steve Thomas
eXp Realty, LLC
Buyer's Agent
Dallin George
Home Quest Realty
List Price
$475,000
Sold Price
$464,000
Premium/Discount to List
-$11,000
-2.32%
Views
57
Current Estimated Value
$462,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,794
Avg. Annual Appreciation
-0.20%
Original Mortgage
$345,000
Outstanding Balance
$338,257
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$123,949

Purchase Details

Listed on
Mar 22, 2022
Closed on
Apr 11, 2022
Sold by
Rc Amore Realtors Llc
Bought by
Zrkl Real Estate Llc
Seller's Agent
Julie Winningham
Invest Rite Realty Group, LLC
Buyer's Agent
Steve Thomas
eXp Realty, LLC
List Price
$249,000
Sold Price
$250,000
Premium/Discount to List
$1,000
0.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.20%
Original Mortgage
$240,000
Interest Rate
3.91%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 2, 2021
Closed on
Aug 17, 2021
Sold by
Michael And Jeanette Lisk Trust
Bought by
Rc Amore Realtors Llc
Seller's Agent
JJ Kramer
John L. Scott Medford
Buyer's Agent
Julie Winningham
Invest Rite Realty Group, LLC
List Price
$269,900
Sold Price
$264,000
Premium/Discount to List
-$5,900
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.10%

Purchase Details

Closed on
Mar 12, 2001
Sold by
Washington Mutual Bank
Bought by
Lisk Michael D and Lisk Jeanette E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
6.97%

Purchase Details

Closed on
Dec 5, 2000
Sold by
Plant Daniel H and Plant Kathy M
Bought by
Washington Mutual Bank
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
Allen Sean Nicholas $464,000 First American Title
Zrkl Real Estate Llc $250,000 First American Title
Rc Amore Realtors Llc $264,000 First American Title
Lisk Michael D $70,000 Amerititle
Washington Mutual Bank $85,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Sean Nicholas $345,000
Previous Owner Zrkl Real Estate Llc $348,750
Previous Owner Zrkl Real Estate Llc $240,000
Previous Owner Lisk Michael D $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $464,000 -0.6% $210 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
07/24/2023 07/24/23 Price Changed $467,000 -0.6% $212 / Sq Ft
06/15/2023 06/15/23 Price Changed $470,000 -1.1% $213 / Sq Ft
06/01/2023 06/01/23 For Sale $475,000 +90.0% $215 / Sq Ft
05/18/2022 05/18/22 Sold $250,000 +0.4% $113 / Sq Ft
04/09/2022 04/09/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $249,000 -5.7% $113 / Sq Ft
08/20/2021 08/20/21 Sold $264,000 -2.2% $120 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $269,900 -- $122 / 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 $2,395 $165,100 $88,400 $76,700
2024 $2,395 $160,300 $85,820 $74,480
2023 $2,321 $155,640 $83,330 $72,310
2022 $2,265 $155,640 $83,330 $72,310
2021 $2,206 $151,110 $80,900 $70,210
2020 $2,159 $146,710 $78,540 $68,170
2019 $2,109 $138,300 $74,030 $64,270
2018 $2,055 $134,280 $60,440 $73,840
2017 $2,017 $134,280 $60,440 $73,840
2016 $2,031 $126,580 $56,980 $69,600
2015 $1,943 $119,770 $55,320 $64,450
2014 $1,920 $119,750 $39,340 $80,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220165162

Oregon Datashare

APN: 10398104