4043 Merita Terrace

4043 Merita Terrace in Central Point, OR was first built in 1992 and is 32 years old. This has been categorized as a commercial property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 4043 Merita Terrace has 1,080 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 21,780 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. For those who need parking, there is a attached garage. The garage is 440 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 air conditioning. As for heating, the home is utilizing a heat pump. The property was last sold in Sep 3, 2021 for $337,600. That's $222.11 per sqft. Prior to that sales transaction, the property was also sold in Jul 27, 2018 for $225,000. 4043 Merita Terrace was last assessed in 2023. The total value of the property was assessed at $170,900. Specifically, the land the property is located on was valued at $50,750. While improvements on the property were assessed at a total of $120,150. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,123. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.