Listed by: Adam McGrew · John L. Scott Medford

$439,000Price cut $16,000
  • 3 beds
  • 2 baths
  • 1,466 sqft

978 Cherry Street, Medford, OR 97501

Est. $2,581/moPayment calculator
  • Single Family ResidenceHome type
  • Built in 1920Year built
  • 1.54 acresLot
  • $299/sqftPrice per sqft
  • NoneHOA

About this home

  • Listed Aug 6, 2026
  • 58 days on market
  • 35 photos

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.

Facts & features

Interior

Bedrooms
3
Bathrooms
2
Full bathrooms
2
Living area
1,466 sqft
Levels
One

Features

  • Pantry

Appliances

  • Dishwasher
  • Oven
  • Range
  • Refrigerator
  • Water Heater

Heating & cooling

  • Heat Pump
  • Heat Pump

Flooring

  • Laminate
  • Tile
  • Vinyl

Property

Lot size
1.54 acres
Subdivision
N/A

Parking

  • Driveway
  • No Garage
  • RV Access/Parking

Construction

Home type
Single Family Residence
Property type
Residential
Year built
1920

Materials

  • Frame
  • Composition roof

Utilities

Sewer & water

  • Public Sewer
  • Public water

Community & HOA

Subdivision
N/A
HOA dues
None
County
Jackson

Financial & listing details

List price
$439,000
Original list price
$455,000
Price per sqft
$299
Annual property tax
$3,245
Date on market
Aug 6, 2026
Days on market
58
MLS#
220226600

Price & status history

DateEventPrice
Aug 6, 2026Listed for sale$455,000

Neighborhood

  • SubdivisionN/A
  • CityMedford, OR 97501
  • CountyJackson

Payment calculator

Estimated monthly payment

$2,581/mo

  • Principal & interest$2,220
  • Property taxes$270
  • Homeowners insurance$91
  • HOA dues$0

Loan amount $351,200 · 30-year fixed at 6.5%

Down payment
Loan term

An estimate for planning, not a loan offer. The 6.5% rate is an example; ask a lender for today’s rate. Taxes use the listing’s annual tax amount. Insurance is estimated; mortgage insurance is not included.

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MLSCO

Listing provided by John L. Scott Medford · Listing agent: Adam McGrew

Source
MLS of Central Oregon
MLS#
220226600
Last updated
Sep 9, 2026 at 11:52 AM

Listing information is deemed reliable but not guaranteed and should be independently verified. Listings shown are for demonstration while our MLS of Central Oregon IDX feed is being set up.