Sold
Last Sold Price
3 beds1,558 sqft
309 Red Blanket Rd, Prospect, OR 97536
Single FamilyProperty Type
0.87 acresLot Size
1927Year Built
$257/sq ftPrice per sq ft

Description

Motivated seller! Two homes for the price of one! Would you like to have a great return on investment? This is it! One home is currently being lived in by the owner, the other is known as the Cool Creek Cottage. The rental history is great with amazing reviews. Overall livable area is 2848 sqft between the 2 homes and the 288 sqft permitted above the garage. As you approach the property you will be amazed by the giant evergreens and the park-like setting. Cool Creek runs year round through the property...Motivated seller! Two homes for the price of one! Would you like to have a great return on investment? This is it! One home is currently being lived in by the owner, the other is known as the Cool Creek Cottage. The rental history is great with amazing reviews. Overall livable area is 2848 sqft between the 2 homes and the 288 sqft permitted above the garage. As you approach the property you will be amazed by the giant evergreens and the park-like setting. Cool Creek runs year round through the property giving the perfect background noise. Words can not describe this property's tranquil setting and cute cottage feeling. That makes this just under $250,000 per house. Call today to schedule a showing. Seller states short term rental, profit $42,000.00 a year. Listed $75,000 under appraised value from February 2023.
  • Listed by: Shane A Myhre 541.321.8773 medfordoffice@windermere.com Brokerage DRE #780100604 • Windermere Van Vleet & Assoc.
Listing closed: 05/30/2023 05:00 PM • Source: Oregon Data Share, MLS#: 220157704

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Recent comparable sales

Median sold price

$325,000

Avg days on market

73

Sale-to-list ratio

96.8%

Prospect, OR

9 comparable properties found

$344,300 | 431 Red Blanket Road, Prospect, OR 97536
1/49
1

$344,300

Sold 03/16/26

4
Bedrooms
1,440
Square Feet
2.64
Acres
$200,000 | 441 Red Blanket Road, Prospect, OR 97536
1/12
2

$200,000

Sold 07/08/26

3
Bedrooms
1,297
Square Feet
3
Acres
a aerial view of a house next to a yard
1/41
3

$294,000

Sold 10/23/24

3
Bedrooms
1,040
Square Feet
0.9
Acres
$325,000 | 217 Mill Creek Drive, Prospect, OR 97536
1/30
4

$325,000

Sold 09/15/25

3
Bedrooms
1,232
Square Feet
1
Acres
a view of a house with a yard covered with snow in the background
1/25
5

$252,000

Sold 10/28/25

4
Bedrooms
1,360
Square Feet
0.57
Acres
$328,000 | 3612 Pleasant Drive, Prospect, OH 43342
1/37
6

$328,000

Sold 04/27/26

3
Bedrooms
1,646
Square Feet
0.85
Acres
$410,000 | 2 Hemlock Road, Prospect, CT 06712
7

$410,000

Sold 08/03/26

3
Bedrooms
1,308
Square Feet
0.5
Acres
$302,500 | 1818 Bethlehem Road West, Prospect, OH 43342
1/39
8

$302,500

Sold 03/13/26

3
Bedrooms
1,747
Square Feet
1.15
Acres
$390,000 | 13 Clark Hill Road, Prospect, CT 06712
9

$390,000

Sold 02/20/26

3
Bedrooms
1,254
Square Feet
0.66
Acres

Location

Listing Courtesy of Windermere Van Vleet & Assoc.

Sold By Windermere Van Vleet & Assoc.

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$2,285 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,067

Property Taxes

$218

HOA Dues

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Property Information for 309 Red Blanket Road

Property Details
  • Taxes: $2,615 / year
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Bungalow, Northwest
  • Has View: Yes
  • View: Creek/Stream, Panoramic, Territorial
  • Waterfront Features: Creek
  • Has Waterfront: Yes
  • Zoning Description: SR-1
Building Information
  • Stories: 1
  • Year Built: 1927
  • Lot Size: 0.87 AC / 37,897 SF
Summary
Location and General Information
  • Carrier Route: H071
  • Cross Street: Mill Creek Dr
  • Directions: North on hwy 62 from Medford, turn Right on 1st St, Right on Mill Creek, Left on Red Blanket property will be on the Right.
  • Latitude: 42.750254
  • Longitude: -122.486011
  • Senior Community: No
Taxes and HOA
  • Additional Parcels: No
  • Association: No
  • Parcel Number: 1-0514177
  • Tax Annual Amount: $2,615.35
  • Tax Year: 2022
School Information
  • Elementary School: Check with District
  • High School: Check with District
  • Middle Or Junior School: Check with District
Parking
  • Attached Garage: No
  • Garage: No
  • Parking Features: Driveway, Gravel
Property
Lot Information
  • Lot Features: Level, Native Plants, Waterfront
  • Lot Size Acres: 0.87
  • Lot Size Area: 0.87
  • Lot Size Square Feet: 37897.2
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Property and Assessments
  • Building Area Total: 1558.0
  • Living Area: 1558.0
  • Living Area Source: Assessor
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1927
Building Features
  • Other Structures: Shed(s), Storage
  • Common Walls: No Common Walls
  • Construction Materials: Stone, Frame
  • Foundation Details: Block
  • Levels: One
  • Roof: Metal
Utilities
  • Sewer: Septic Tank
  • Water Source: Shared Well
Interior and Exterior Features
Exterior Features
  • Exterior Features: Fire Pit, Storage
  • Patio And Porch Features: Deck, Patio
Interior Features
  • Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer, Water Heater
  • Has Basement: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Wood
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Fireplace Features: Living Room, Wood Burning
  • Flooring: Carpet, Stone, Vinyl
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Laminate Counters, Pantry, Soaking Tub
  • Room Type: Laundry, Living Room, Kitchen
  • Has Spa: No

Property History for 309 Red Blanket Road

DateEvent & SourcePriceAppreciation
May 30, 2023

Sold

Oregon Data Share #220157704

$400,000
May 30, 2023

Sold (Public Record)

Public Record #1512199168

$400,000
May 30, 2023

Sold (Public Record)

Public Record #1512199229

$400,000

+5.4% / yr

DateEvent & SourcePrice
05/30/2023

Sold

Oregon Data Share #220157704

$400,000
05/30/2023

Sold (Public Record)

Public Record #1512199168

$400,000
05/30/2023

Sold (Public Record)

Public Record #1512199229

$400,000

+5.4% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 309 Red Blanket Road

Taxable ValueLand-Additions-Total-
Tax Record2025$3,361 ($280 / month)
Home Facts
Baths2Total Finished SqFt2,848 SqFtAbove Grade Finished SqFt2,848 SqFtStories1Lot Size37,897 SqFtStyleMiscellaneous CommercialYear Built1927Year Renovated1981ZoningUR-1CountyJACKSONAPN10514177

Schools near 309 Red Blanket Road

This home is within Prospect Sd 59.
Rating
School
Type
Grades
Distance
Charter - K to 12
Rating
School
Distance
Prospect Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 309 Red Blanket Road, Prospect, OR 97536
$400,000
3
1,558
37,897
$60,000
1
1
753
42,253
$92,000
1
2,582
28,750
$100,000
2
960
59,677
$252,000
4
1,360
24,829
3,444
34,412

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Windermere Van Vleet & Assoc.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Compass and its related brokerages. Inc 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. Copyright ©2026 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved.