Castle on a Hill, Perfectly Situated with Sunshine, Privacy & VIEWS! | $875,000 | MLS 3001751 | Castle On A Hill! Exceptional Applegate Valley home is situated perfectly for sunshine, privacy & VIEWS! Equipped with Solar, 1 bed/1 bath A-frame guest house, gated entry, Pool & Huge Shop! Property features almost 50 acres, 3-5 acres of pasture & ample forestland! House is solidly constructed, with an abundance of deck space, oversized 2 car garage, & lg energy efficient windows to soak up the valley views! Inside is a sunny kitchen w/stainless appliances, granite counters, dual oven, formal & informal dining areas, cozy liv rm w/wood fireplace & wood floors, laundry rm & fabulous master suite w/marble, heated floors, propane fireplace, vaulted ceiling, walkout to deck & hot tub, excellent views, his/hers vanities, huge closet, soaking tub & granite shower! Downstairs you’ll find 2 bedrooms, 1 full bath & huge office w/walkout to patio, travertine floors & pellet stove. Extremely low power bill due to wood stove & solar. Lg shop has covered parking on 1 side & storage on the other.
Looking for an Investment? Low Maintenance Home with a 5-6% ROI! The Farms of Jacksonville | $349,900 | MLS 3001230 | Attention Investors!!! Beautiful Craftsman-style townhouse in the newest building at The Farms of Jacksonville, just blocks from historic downtown with great dining, shopping, wine-tasting, hiking trails and Britt Amphitheater for an easy, low-maintenance lifestyle. Main level features hardwood floors with open-concept living, dining and kitchen with gas range, a powder room, closet and finished garage. Lovely private park-like common area off back patio. Upstairs features tiled walk-in shower in master bath, laundry room, vaulted ceilings with fans in bedrooms and French doors leading from master bedroom to second story covered balcony. Two additional bedrooms and another full bath with tub complete the 2nd level. Townhouse features granite counters throughout and custom window treatments. This home has been well-maintained and is move-in ready. Structural warranty that will transfer to buyer is valid until June 2026. Exterior maintenance, community center, and landscaping covered by HOA.
Current Market Rent for subject property:
- $2,300/M Furnished
- Net Return:
- 27,600 Annual gross rent
- -$0 Annual Maintenance HOA covered exterior
- -$2,660 Annual Taxes
- -$450 Annual Insurance
- -$1,860 Annual HOA Fees
- -$3,000 Annual Utilities typically paid by owner
- Total $19,630/ Year in net returns
- 27,600 Annual gross rent
- Return on Investment based on $19,630 in yearly returns is between 5 and 6%
Top of the World Living, Pool & Unobstructed Views of the Rogue Valley | $549,900 | MLS 3001212 | Swim in your in ground pool on warm summer nights, play on your private 20 acres, or watch the valley lights from your expansive deck. Two outbuildings provide you with a shop, barn or place to store your toys. Enter the home but never leave the view. Bamboo flooring throughout gives you a clean and modern look and the crown molding finishes it off perfectly. The ample kitchen leads to a private, back deck, shaded by a trellis where you can watch the wildlife. Equipped with both a living and family room, this a perfect home for families or two separate living spaces, with two separate entrances. The wood burning stove warms the house and a wall of cupboards provide storage for all your belongings. Approx. one acre is fenced and the well produces 19.5 GPM. Truly a special home and property!
The Southern Oregon real estate market has seen some bumps and bruises since the west coast erupted in fires last summer. We began this year with a very slow and weak market and then it exploded. Here is a quick review of the Good, Bad and Ugly that has been our real estate market since last summer.
We began last year with our real estate market reaching a record number of home sales at record prices. It was a sellers’ market with few homes for buyers to choose from and prices were increasing at a rapid pace. All was good until the west coast erupted in flames, closing Interstate 5 over and over, burning the Northern California towns of Redding, Paradise, Dunsmuir, and Hornbook and pouring smoke into our valley. Although we were fortunate to have few homeowners lose their homes in Southern Oregon, all the fires did take a toll on our home sales.
Home sales slowed drastically after all the fires broke out causing home sales in both the last quarter of 2018, and the first quarter of 2019, to decline. Home prices, however, continued to climb; that is, until the first quarter of 2019 where Jackson County saw no increase in the median price of homes that resold. This is the first time since 2008 that we have seen a quarter go by with no increase in home prices. All of a sudden, this was getting concerning.
It happed in March – retirees, escapees and refugees from Paradise, combined with first time home buyers, caused a large upswing in our real estate market. Many sellers put their homes on the market early this year to beat any possibility of summer smoke and found they were met by an army of awaiting buyers that greeted the expanding home selection with glee. It’s impossible to know exactly how much this upswing will increase our overall market, but we’re off to a great start. Pending sales as of March 31st were up 14% in Jackson County and up 18% in Josephine County; those are big percentages for a real estate market.
Spring looks to be healthy for our market with the decline in interest rates, back down to 4%, and an increasing number of refugees relocating here that were once retired in Paradise, CA. On the rural property front, we’re seeing high demand for large irrigated parcels, 30 acres or more, to fulfill the growing demand for Hemp production and the oils produced from the Hemp flower. We’re seeing a higher amount of listings come on the market for sale which is helping satisfy all the buyers waiting in the wings for the right property.
This year Jacksonville, unlike the rest of Jackson County, has seen their median home price sky rocket, making Jacksonville the most expensive city to live in Southern Oregon. You could see this coming after years of slow gentrification of older eclectic homes and countless publications naming Jacksonville as one of the nicest small towns to live in. It is truly a magical town to live in and as the Jacksonville Review used to say, “A small town with a big atmosphere”.
So, its looks like spring will bring good news to our real estate market and the bad news is behind us and let’s hope we avoid the ugly news.
– Graham Farran
Beautiful 24 Acre Farm | $1,500,000 | MLS 3000914 | 16 irrigated acres now planted with 5 acres of Pinot Gris grapes and 5 acres of Comice and Bosc pears, a large shop, a 1-acre pond, large greenhouse and a must-see home, picture perfect for entertainment and guests. Location, location, location! Minutes from I-5, Jacksonville, Ashland and Medford.