Last Sold Price
3 beds1,558 sqft$257/sqft
309 Red Blanket Rd, Prospect, OR 97536

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.
LISTING CLOSED: 05/30/2023 05:00 PM

  1. Listed by Shane A Myhre • Brokerage DRE #780100604 • Windermere Van Vleet & Assoc2
    P: (541) 321-8773 C: (541) 321-8773 medfordoffice@windermere.com

Property Details for 309 Red Blanket Road

Status
MLS #
220157704
Days on Market
75
Taxes
$2,615 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1927
Lot Size
0.87 AC / 37,897 SF
Architectural Style
Cottage/Bungalow, Northwest
View
Creek/Stream, Panoramic, Territorial
Has View
Yes
Waterfront Features
Creek
Zoning Description
SR-1

Location

Listing Courtesy of Windermere Van Vleet & Assoc2

Sold By Windermere Van Vleet & Assoc2

Add your commute

Building Information for 309 Red Blanket Road

Stories1Year Built1927Building Size-Lot Size0.87 AC / 37,897 SF

Payment Calculator

$2,251 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,033

Property Taxes

$218

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 309 Red Blanket Road

Summary
Location and General Information
  • 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.
  • 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
  • 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 Units: Acres
  • Lot Size Square Feet: 37897.2
  • 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
  • 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
  • Fireplace Features: Living Room, Wood Burning
  • Has Fireplace: Yes
  • Flooring: Carpet, Stone, Vinyl
  • Heating: Wood
  • Has Heating: Yes
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Laminate Counters, Pantry, Soaking Tub
  • 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$118,040Additions$195,700Total$313,740
Tax Record2025$3,361 ($280 / month)
Home Facts
Beds3Total Finished SqFt1,558 SqFtAbove Grade Finished SqFt1,558 SqFtStories1Lot Size37,897 SqFtStyleSingle Family ResidenceYear Built1927Year Renovated1986ZoningSR-1CountyJACKSONAPN1-0514177Fireplace TypeHas Fireplace

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
1
1,596
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 & Assoc2

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