Closed

$455,000

2988 Madrona Ln, Medford, OR 97501

3beds

2baths

1,560sqft

Single Family Residence

Built in 1954

1.15 Acres Lot

$439,800 Zestimate^®

$292/sqft

$2,303 Estimated rent

Home value

$439,800

$396,000 - $479,000

$2,303/mo

Zestimate^® history

Owner options

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$2,303/mo

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$2,303/mo

Rent Zestimate^®

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$2,729/mo

Est. payment

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$2,729/mo

Est. payment

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What's special

Timeless characterFunctional layout

Discover the potential in this classic 1954-built single-level home nestled on a spacious and usable 1.15-acres in South Medford, just minutes from historic Jacksonville. This property offers the perfect blend of rural charm and city convenience with city water and sewer services, plus a private well for added flexibility and irrigation. The home itself features timeless character and a functional layout, ready for your personal touch and updates. A standout feature is the oversized detached garage and shop—ideal for hobbyists, car enthusiasts, or those seeking extra workspace. With plenty of room to garden, expand, or simply enjoy the open space, this property offers rare versatility in a peaceful yet accessible location.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Electric, Heat Pump

Cooling

Heat Pump

Appliances

Included: Cooktop, Oven

Features

Built-in Features, Laminate Counters
Flooring: Carpet, Laminate
Windows: Vinyl Frames
Basement: None
Has fireplace: No
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 1,560
Total interior livable area: 1,560 sqft

Property

Parking

Total spaces: 2
Parking features: Concrete, Driveway, RV Access/Parking, Workshop in Garage
Garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Covered, Patio, Porch, Rear Porch
Exterior features: RV Hookup
Fencing: Fenced
Has view: Yes
View description: Territorial

Lot

Size: 1.15 Acres
Features: Garden, Level, Pasture

Details

Additional structures: Greenhouse, RV/Boat Storage, Shed(s), Storage, Workshop
Parcel number: 10431689
Zoning description: RR-2.5
Special conditions: Probate Listing

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Frame
Foundation: Concrete Perimeter
Roof: Composition

Condition

New construction: No
Year built: 1954

Utilities & green energy

Sewer: Public Sewer
Water: Public, Well

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)

HOA

Has HOA: No

Location

Region: Medford

Financial & listing details

Price per square foot: $292/sqft
Tax assessed value: $430,730
Annual tax amount: $3,147
Date on market: 6/9/2025
Cumulative days on market: 7 days
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
8/1/2025	Sold	$455,000+1.3%$292/sqft
Source: Oregon Datashare #220202728 Report a problem
6/16/2025	Pending sale	$449,000$288/sqft
Source: Oregon Datashare #220202728 Report a problem
6/9/2025	Listed for sale	$449,000+149.9%$288/sqft
Source: Oregon Datashare #220202728 Report a problem
3/9/2000	Sold	$179,700$115/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,147 +3.2%	$259,340 +3%
2023	$3,050 +2.4%	$251,790
2022	$2,979 +2.6%	$251,790 +3%
2021	$2,904 +2.4%	$244,460 +6.1%
2020	$2,836 +2.3%	$230,430 +3%
2019	$2,772	$223,720 +3%
2018	$2,772 +2.6%	$217,210
2017	$2,702 +1.6%	$217,210 +6.1%
2016	$2,660 +1.9%	$204,750
2015	$2,611 +4.5%	$204,750 +6.1%
2014	$2,499 +8.4%	$193,000 +3%
2013	$2,306 +3.4%	$187,380 +3%
2012	$2,230 +1.7%	$181,930 +3%
2011	$2,192 +1.6%	$176,640 +2.8%
2010	$2,157 +2.6%	$171,860 +3%
2009	$2,102 +2.7%	$166,860 +3%
2008	$2,048 +4%	$162,000 +3%
2007	$1,969 +14.9%	$157,290 +3%
2006	$1,713 +3%	$152,710 +3%
2005	$1,663 +4%	$148,270 +3%
2004	$1,599 +3.9%	$143,960 +3%
2003	$1,539	$139,770 +3%
2002	--	$135,700 +3%
2001	--	$131,750 +3%
2000	--	$127,920