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4223 Merita Terrace

Central Point, OR 97502
  • $409,900
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 220203131
Foreclosure
UPDATED: 31 min ago
$409,900
  • 4
    BEDS
  • 11.65
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,717
    SQFT
  • $239
    $/SQFT
Neighborhood:
N/A
Type:
Single-Family Home
Built:
1989
County:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Real Estate Alliance & Lease :.

Description

Investor Opportunity - Priced for Immediate Action! This property is a true diamond in the roughhidden behind clutter and deferred maintenance, with clear built-in equity if cleaned and renovated. Currently in foreclosure, it offers a rare chance for resourceful investors with cash and resources necessary to capitalize on a promising 1+ac with 4-bed, 2-bath farmhouse on TWO parcels. Home includes an attached 2-car garage, large detached metal barn with room for 6+ vehicles, and smaller wood barn. The expansive land boasts open pasture, a pond, creek, garden beds, fruit trees, all near GI industrial/commercial zones with excellent freeway access (backs to freeway.) Although citations and back taxes exist, the property's potential for sweat equity and future value is immense. This is your opportunity to MAKE IT HAPPENclean up, upgrade, and unlock the true earning potential of this rural yet conveniently located estate. Act fastproperty needs work but the rewards could be significant!

Monthly Payment Calculator

Central Oregon Association of Realtors logo © 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 Schaake Capital Group | Cascade Hasson Sotheby's International Realty 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. Listing courtesy of Schaake Capital Group | Cascade Hasson Sotheby's International Realty. Data last updated: .2025-07-13T21:43:57.637
www.createalegacy.estate/homes/164495321
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4223 Merita Terrace Central Point, OR 97502

  • Price: $409,900
  • Status: Active
  • On Site: 39 Days
  • Updated: 31 min ago
  • MLS #: 220203131
4
Beds
2
Baths
0
½ Baths
11.65
Acres
1,717
SQFT
$239
$/SQFT
1989
Built
Neighborhood:
N/A
County:
Jackson
Area:
Central Point
Elementary School:
Patrick Elem
Middle School:
Hanby Middle
High School:
Crater High
Property Description
Investor Opportunity - Priced for Immediate Action! This property is a true diamond in the roughhidden behind clutter and deferred maintenance, with clear built-in equity if cleaned and renovated. Currently in foreclosure, it offers a rare chance for resourceful investors with cash and resources necessary to capitalize on a promising 1+ac with 4-bed, 2-bath farmhouse on TWO parcels. Home includes an attached 2-car garage, large detached metal barn with room for 6+ vehicles, and smaller wood barn. The expansive land boasts open pasture, a pond, creek, garden beds, fruit trees, all near GI industrial/commercial zones with excellent freeway access (backs to freeway.) Although citations and back taxes exist, the property's potential for sweat equity and future value is immense. This is your opportunity to MAKE IT HAPPENclean up, upgrade, and unlock the true earning potential of this rural yet conveniently located estate. Act fastproperty needs work but the rewards could be significant!
Exterior Features

Architectural Style Ranch Attached Garage YN Yes Body Type [] Construction Materials Frame Exterior Features [] Foundation Details Concrete Perimeter Garage YN Yes Lot Features FencedLevelNative PlantsPasture Parking Features AttachedDetachedDrivewayRV Access/ParkingRV GarageStorageWorkshop in GarageOther Roof Composition Window Features []

Interior Features

Appliances OvenRangeWater Heater Basement [] Cooling Central Air Cooling YN Yes Dining Room Yes Fireplace Features [] Flooring CarpetVinyl Heating ElectricHeat Pump Heating YN Yes Interior Features Ceiling Fan(s)Fiberglass Stall ShowerLaminate CountersWalk-In Closet(s) Laundry Yes Levels Two Living Room Yes Primary Bedroom Yes

Property Features

Accessibility Features [] Accessory Dwelling Unit YN No Additional Parcels YN Yes Association Amenities [] Association YN No Building Area Total 1717 CCRs YN No Common Walls No Common Walls Community Features [] Horse YN Yes Irrigation Source [] Listing Terms CashPrivate Financing Available New Construction YN No Other Structures Barn(s)Mobile HomeRV/Boat StorageSecond GarageShed(s)Workshop Property Sub Type Single Family Residence Rented YN No Road Frontage Type [] Road Surface Type Dirt Security Features [] Senior Community YN No Sewer Septic Tank Short Term Rental Permit YN No Special Listing Conditions In ForeclosureStandard Tax Annual Amount 3601.49 Tax Year 2024 View Mountain(s)NeighborhoodPondValley Water Source Well Waterfront Features Pond Waterfront YN Yes Zoning Description RR-5

Listing information © 2025 MLS of Central Oregon
Listing provided courtesy of Real Estate Alliance & Lease :.

Central Oregon Association of Realtors logo © 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 Schaake Capital Group | Cascade Hasson Sotheby's International Realty 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. Listing courtesy of Schaake Capital Group | Cascade Hasson Sotheby's International Realty. Data last updated: .2025-07-13T21:43:57.637
 
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Schaake Capital Group | Cascade Hasson Sotheby's International Realty
650 SW Bond St, Ste. 100
Bend OR, 97702
Listing provided courtesy of Real Estate Alliance & Lease :.