Active

Price cut: $16K (9/8)

$439,000

978 Cherry St, Medford, OR 97501

3beds

2baths

1,466sqft

$3,091/mo

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Single Family Residence

Built in 1920

1.54 Acres Lot

$430,700 Zestimate^®

$299/sqft

$-- HOA

What's special

Rare in-town acreageSurrounding mountain viewsMature shade treesOpen space

Rare in-town acreage with room to create your vision! Tucked away at the end of a private driveway easement, this unique property offers 1.54 level, usable acres, mature shade trees, open space, surrounding mountain views, and a large vintage barn with abundant room for storage, equipment, hobbies, or a workshop. The existing 3-bedroom, 2-bath home provides approximately 1,466 square feet and is ready for a buyer to bring fresh ideas and a little TLC. City water, city sewer, and high-speed internet availability add valuable convenience while preserving the spacious feel of a rural property. Currently zoned SFR-10, the property presents multiple possibilities. Keep it as one oversized in-town homesite, explore adding an ADU, investigate subdividing to build on or sell additional lot opportunities, or pursue rezoning for a possible tiny-home community or other residential development concept. The expansive rear portion of the property is largely open and provides a versatile canvas.

59 days
673
33

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Heat Pump

Cooling

Heat Pump

Appliances

Included: Dishwasher, Oven, Range, Refrigerator, Water Heater

Features

Pantry
Flooring: Laminate, Tile, Vinyl
Windows: Aluminum Frames, Double Pane Windows
Basement: None
Has fireplace: No
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 1,466
Total interior livable area: 1,466 sqft

Property

Parking

Parking features: Driveway, No Garage, RV Access/Parking
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Patio, Porch
Pool features: None
Fencing: Fenced

Lot

Size: 1.54 Acres
Features: Level

Details

Additional structures: Barn(s)
Parcel number: 10437802
Zoning description: SFR-10
Special conditions: Standard

Construction

Type & style

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

Materials

Frame
Foundation: Block, Concrete Perimeter
Roof: Composition

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Smoke Detector(s)

HOA

Has HOA: No

Location

Region: Medford

Financial & listing details

Price per square foot: $299/sqft
Tax assessed value: $438,630
Annual tax amount: $3,245
Date on market: 8/6/2026
Cumulative days on market: 60 days
Listing terms: Cash,Conventional
Inclusions: Fridge, Range/Oven, Dishwasher, Water Heater
Exclusions: Washer, Dryer
Road surface type: Gravel

Estimated market value

$430,700

$409,000 - $452,000

$2,022/mo

Price history

Date	Event	Price
9/8/2026	Price change	$439,000-3.5%$299/sqft
Source: Oregon Datashare #220226600 Report a problem
8/6/2026	Listed for sale	$455,000+1.1%$310/sqft
Source: Oregon Datashare #220226600 Report a problem
2/16/2024	Listing removed	$450,000$307/sqft
Source: Oregon Datashare #220125734 Report a problem
12/7/2021	Listing removed	--
Source: RE/MAX International Report a problem
6/24/2021	Listed for sale	$450,000+200%$307/sqft
Source: Oregon Datashare #220125734 Report a problem
12/13/2013	Sold	$150,000-78.7%$102/sqft
Source: Oregon Datashare #102935085 Report a problem
1/25/2011	Sold	$704,696+65.8%$481/sqft
Source: Public Record Report a problem
8/19/2005	Sold	$425,000$290/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,988 +3.2%	$200,030 +3%
2023	$2,896 +2.5%	$194,210
2022	$2,826 +2.7%	$194,210 +3%
2021	$2,753 +2.2%	$188,560 +6.1%
2020	$2,695 +2.4%	$177,740 +3%
2019	$2,631	$172,570 +3%
2018	$2,631 +2.6%	$167,550
2017	$2,564 +1.8%	$167,550 +6.1%
2016	$2,517 -0.7%	$157,940
2015	$2,534 +4%	$157,940 +6.1%
2014	$2,436 +7.8%	$148,880 +3%
2013	$2,259 +3.5%	$144,550 +3%
2012	$2,182 +2.2%	$140,340 +3%
2011	$2,135 +2%	$136,260 +3%
2010	$2,093 +2.7%	$132,300 +3%
2009	$2,037 +2.5%	$128,450 +3%
2008	$1,987 +3.9%	$124,710 +3%
2007	$1,912 +11.9%	$121,080 +3%
2006	$1,709 +3.5%	$117,560 +3%
2005	$1,652 +2.1%	$114,140 +3%
2004	$1,617 +2.4%	$110,820 +3%
2003	$1,579	$107,600 +3%
2002	--	$104,470 +3%
2001	--	$101,430 +3%
2000	--	$98,490

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 97501

Getting around

38 / 100

Car-Dependent

23 / 100

Minimal Transit

43 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

3/10
Oak Grove Elementary School
Grades: K-5Distance: 1 mi
4/10
Oakdale Middle School
Grades: 6-8Distance: 1.3 mi
6/10
South Medford High School
Grades: 9-12Distance: 0.7 mi

Schools provided by the listing agent

Elementary: Oak Grove Elem
Middle: Oakdale Middle
High: South Medford High

Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.