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1562 Cypress Point Drive

1562 Cypress Point Drive, Medford, OR 97504
Property in Jackson
Sold Jul 06, 2020
$480,000
$410,000 by Guild Mortgage Co
Mortgage Due Aug 01, 2050
Sold Aug 12, 2003
Transfer
1562 Cypress Point Drive in Medford, OR was first built in 2003 and is 21 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1562 Cypress Point Drive has 2,500 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 10,454 square feet.

Learn more about the property and building on this page. There is a covered porch. The roof of the home is made of composition shingle. For those who need parking, there is a attached garage. The garage is 638 sqft. There are a total of 2 available parking spaces. The exterior walls of the home are made of concrete. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1562 Cypress Point Drive was last sold in Jul 1, 2020 for $480,000. According to our calculations, that's $136.79 per sqft. Current property owners are expected to pay $5,067 in taxes per year. The property on 1562 Cypress Point Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $348,260. To break that down further, the land itself was valued at $86,500. While improvements to the property were assessed at a total of $261,760. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Exterior Walls Type: Concrete
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 638
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 3,509
  • Gross Building Area: 3,509
  • Building Area: 2,500
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,500
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EAGLE TRACE SUBDIVISION
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : JONES LORENA
  • Current Owner 2: JONES MICHAEL
  • Previous Owner : HOCKING PATRICK M
  • Previous Owner 2: HOCKING NATALIE A
  • Owner Before Previous Owner: RIVERDELL CONSTRUCTION
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Medford School District 549
  • Census Tract: 001304

Zoning

  • Zoning: SFR-4

Geography

  • Assessors Map Reference: 37S-1W-23
  • Parcel: 10786719
  • Lot: 34
  • Meridian: SEC 23 Q 3 TWN 37S RNG 01W
  • Municipality: CITY OF MEDFORD
  • Latitude: 42.3371
  • Longitude: -122.79

    Address

  • Full Address: 1562 Cypress Point Dr
  • Address - House Number: 1562
  • Address - Street Name: Cypress Point
  • Address - Suffix Type: Dr
  • State: OR
  • City Name: Medford
  • Carrier Code: R007
  • 4-Digit Zip Code: 9073
  • Zip Code: 97504

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,067
  • Tax Rate Code Area: 4901

    Appraisal Valuation

  • Standard Deviation: 0.1591
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 80
  • Final Value: 573,340
  • High Value: 664,559
  • Low Value: 482,121

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $410,000
  • First Open Lien Mortgage Lender: GUILD MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Jul 06, 2020
  • First Open Lien Mortgage Loan Amount: $410,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $591,780
  • Market Land Value: $148,000
  • Market Improvement Value: $443,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $348,260
  • Assessed Land Value: $86,500
  • Assessed Improvements Value: $261,760

    Sales

  • Current Sale Contract Date: Jul 01, 2020
  • Current Sale Recording Date: Jul 06, 2020
  • Current Sale Transaction ID: 11771221777
  • Current Sale Price: $480,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-022677
  • Previous Sale Recording Date: Aug 12, 2003
  • Previous Sale Contract Date: Aug 08, 2003
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUILD MORTGAGE CO
  • First Mortgage Transaction Date: Jul 06, 2020
  • First Mortgage Loan Amount: $410,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

About Medford



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Frequently Asked Questions

What neighborhood is 1562 Cypress Point Drive located in?
The 1562 Cypress Point Drive is a located in the neighborhood of Jackson in Medford, Medford.
What is the average sales price for listings in 1562 Cypress Point Drive?
The average sales price for units in 1562 Cypress Point Drive is $0 currently.

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