4223 Merita Terrace, Central Point, OR 97502
Description
Investor Opportunity - Priced for Immediate Action! This property is a true diamond in the rough—hidden 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 HAPPEN—clean up, upgrade, and unlock the true earning potential of this rural yet conveniently located estate. Act fast—property needs work but the rewards could be significant!-
Property Features
- Number Of Units: 0
- Additional Parcels YN: Yes
- Year Established: 1989
- Other Structures: Barn(s), Mobile Home, RV/Boat Storage, Second Garage, Shed(s), Workshop
- Structure Sq Ft: 1717
- Cross Street: Tolo
- Horse Property YN: Yes
- Lot Size Area Maximum: 507,474
- Construction: Frame
- Property Sub Type: Single Family Residence
- Senior Community YN: No
- Levels: Two
- Listing Terms: Cash, Private Financing Available
- Property Sub Type Additional: N/A
- Foundation: Concrete Perimeter
- Roof Description: Composition
- Street Description: Dirt
- Lot Features: Fenced, Level, Native Plants, Pasture
- Waterfront YN: Yes
- Waterfront Description: Pond
- Appliances: Oven, Range, Water Heater
- Attached Garage YN: Yes
- Common Walls: No Common Walls
- Fireplace YN: No
- Garage YN: Yes
- Patio And Porch Features: Covered, Deck, Patio, Porch, Rear Porch
- Flooring: Carpet, Vinyl
- Interior Features: Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters, Walk-In Closet(s)
- New Construction: No
- Special List Conditions: In Foreclosure, Standard
- View: Mountain(s), Neighborhood, Pond, Valley
- Zoning Description: RR-5
-
Cooling, Heating, Utilities
- Cooling: Central Air
- Heating: Electric, Heat Pump
- Cooling YN: Yes
- Heating YN: Yes
School Information
- Elementary School: Patrick Elem
- Middle School: Hanby Middle
- High School: Crater High
-
Taxes, Fees
- Annual Taxes: 3,601
- Tax Year: 2024
- Association YN: No
Parking Information
- Parking Features: Attached, Detached, Driveway, RV Access/Parking, RV Garage, Storage, Workshop in Garage, Other
Listing information © 2026
Listing Provided Courtesy of Real Estate Alliance & Lease, Katherine M Soditus
Listing Provided Courtesy of Real Estate Alliance & Lease, Katherine M Soditus
via Oregon Association of REALTORS
© 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 this web site 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.
© 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 this web site 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.