7420 N Applegate Rd Grants Pass, OR 97527
Estimated payment $5,838/month
Total Views
4,172
5
Beds
2.5
Baths
4,851
Sq Ft
$206
Price per Sq Ft
Highlights
- Accessory Dwelling Unit (ADU)
- RV Access or Parking
- Deck
- Second Garage
- River View
- Wooded Lot
About This Home
Rental Income Opportunity!3 homes included. Strong cash flow potential or multi-generational property. 3.24 acres with unbelievable mountain & river views. Just minutes away from the Applegate Valley Wine Trail and Grants Pass. The property includes a spacious main home, an updated second home, & a third home for income/guest. The main house is 3039 sq ft & features 5 bedrooms, 2.5 baths, with an abundance of living space & recent updates. The second home offers 1,398 sq ft with 3 beds and 2 baths, ideal for family or rental income. The property is well-maintained with newer roofs, 3 separate newer septics, a half-basement wine or canning cellar. Includes Peach, apple, & nectarine trees w/ water rights for 2 acres. Enjoy the large insulated/drywalled 36x40 shop. Projected Cap Rate of approximately 7.5%, Great for investors seeking solid returns in a desirable location. Buyers to do their own due diligence on cap rate and rental income. Schedule a tour today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,017
Year Built
- Built in 1970
Lot Details
- 3.24 Acre Lot
- River Front
- Property fronts an easement
- Drip System Landscaping
- Level Lot
- Front Yard Sprinklers
- Wooded Lot
- Garden
- Property is zoned Rr5, Rr5
Parking
- 6 Car Garage
- Second Garage
- Workshop in Garage
- Gravel Driveway
- RV Access or Parking
Property Views
- River
- Mountain
- Forest
- Valley
Home Design
- Ranch Style House
- Brick Exterior Construction
- Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,851 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Double Pane Windows
- Vinyl Clad Windows
- Family Room
- Living Room with Fireplace
- Dining Room
- Home Office
- Bonus Room
- Natural lighting in basement
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Breakfast Bar
- Oven
- Cooktop
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Linen Closet
- Walk-In Closet
- Double Vanity
- Bathtub with Shower
- Bathtub Includes Tile Surround
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Deck
- Patio
- Gazebo
- Separate Outdoor Workshop
- Shed
- Storage Shed
- Front Porch
Additional Homes
- Accessory Dwelling Unit (ADU)
- 1,812 SF Accessory Dwelling Unit
Schools
- Madrona Elementary School
- Lincoln Savage Middle School
- Grants Pass High School
Utilities
- Whole House Fan
- Forced Air Heating and Cooling System
- Space Heater
- Heating System Uses Wood
- Heat Pump System
- Irrigation Water Rights
- Private Water Source
- Well
- Water Heater
- Septic Tank
- Leach Field
- Cable TV Available
Additional Features
- Drip Irrigation
- 2 Irrigated Acres
Community Details
- No Home Owners Association
- Property is near a preserve or public land
Listing and Financial Details
- Exclusions: Dryer
- Assessor Parcel Number R323342
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 |
|---|---|---|---|---|
| 2024 | $3,017 | $406,820 | -- | -- |
| 2023 | $2,541 | $394,980 | $0 | $0 |
| 2022 | $2,488 | $383,480 | -- | -- |
| 2021 | $2,332 | $372,320 | $0 | $0 |
| 2020 | $2,433 | $361,480 | $0 | $0 |
| 2019 | $2,335 | $350,960 | $0 | $0 |
| 2018 | $2,368 | $340,740 | $0 | $0 |
| 2017 | $2,367 | $330,820 | $0 | $0 |
| 2016 | $2,005 | $321,190 | $0 | $0 |
| 2015 | $1,935 | $311,840 | $0 | $0 |
| 2014 | $1,886 | $302,760 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Price Changed | $999,999 | -4.7% | $206 / Sq Ft |
| 05/20/2025 05/20/25 | Price Changed | $1,049,000 | -4.5% | $216 / Sq Ft |
| 05/02/2025 05/02/25 | Price Changed | $1,098,000 | -2.8% | $226 / Sq Ft |
| 04/04/2025 04/04/25 | Price Changed | $1,130,000 | -1.2% | $233 / Sq Ft |
| 02/21/2025 02/21/25 | For Sale | $1,144,000 | -- | $236 / Sq Ft |
Source: Oregon Datashare
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Amerititle | |
| Warranty Deed | $360,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $280,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $397,000 | New Conventional | |
| Closed | $106,000 | Commercial | |
| Closed | $302,000 | New Conventional | |
| Closed | $275,648 | FHA | |
| Closed | $35,000 | Stand Alone Second | |
| Closed | $275,793 | FHA |
Source: Public Records
Similar Homes in Grants Pass, OR
Source: Oregon Datashare
MLS Number: 220196150
APN: R323342
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