616 S Stage RoadMedford, OR97501

$455,000
4 bedrooms
2904 sq. ft
7.14 acres
Elementary School: Griffin Creek Elem
Middle School: McLoughlin Middle
High School: South Medford High
Zoning: EFU
2143 days on market

VestorFilter™

Price per ft²$156.68/ft²
Price per acre$63.7K/ac
Price per bedroom$113.8K/bed
Time on market2143 days

Property Description

This is the rural two family setup, with views, that everyone has been trying to locate! On the main level there's a 3 bed/2 bath with a large deck and family room and on the lower level there's a 1 bed/1 bath with a large patio and family room. Both units combined total 2,904 SF plus there's an oversize two car garage. Additionally, there's a large metal building, currently leased, which would be perfect for hobbies and storage or a home based business. Outside, there are several acres of high quality EFU farm land and MID water rights. An investor can rent all three units and the farm land for four revenue streams, or a large or multigenerational family can live in close proximity and manage a sprawling farm or vineyard. The current infrastructure is setup as a vineyard but the opportunities are endless because of the property's versatility.

Financial Data

Date Sold2019-11-25
Sold Price$450,000
Original Price$529,000
Current Price$455,000
Property Taxes$2,186

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Home Facts

StatusClosed
Year Built1955
StoriesTwo
Interior Features
Exterior Features
Garage
MLS ID102990953