Active

$565,000

1603 Palermo St, Medford, OR 97504

4beds

3baths

2,123sqft

$4,017/mo

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Single Family Residence

Built in 2016

8,712 Square Feet Lot

$557,700 Zestimate^®

$266/sqft

$115/mo HOA

What's special

Cozy stone fireplaceFenced backyardRogue valley viewsUpdated flooringWalk-in closetVaulted ceilingsSpacious primary suite

Beautiful Rogue Valley views meet comfortable and functional living at 1603 Palermo Drive! This 4 bedroom, 3 bathroom home with a dedicated office offers the space and flexibility to every lifestyle from busy family to retired and enjoying the golden life. Step inside to discover a bright, open living area featuring vaulted ceilings, updated flooring and a cozy stone fireplace. A dedicated office with built-in cabinetry and workspace makes working from home both convenient and comfortable. The spacious primary suite features a walk-in closet and private bathroom with dual vanities and a walk-in shower. Outside, enjoy the covered deck overlooking the surrounding neighborhood, with scenic valley and mountain views. The fenced backyard offers mature landscaping, natural rock accents and a peaceful setting for relaxing or entertaining. With its versatile layout, proximity to all things local and elevated setting, this home offers a wonderful opportunity to enjoy Southern Oregon living.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Electric, Forced Air, Heat Pump, Natural Gas

Cooling

Central Air, Heat Pump

Appliances

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

Features

Flooring: Other
Windows: Double Pane Windows, Vinyl Frames
Basement: None
Has fireplace: No
Common walls with other units/homes: No Common Walls,No One Above,No One Below

Interior area

Total structure area: 2,123
Total interior livable area: 2,123 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Concrete, Driveway
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Patio
Pool features: None
Fencing: Fenced
Has view: Yes
View description: Territorial

Lot

Size: 8,712 Square Feet
Features: Landscaped, Level

Details

Parcel number: 10985978
Zoning description: SFR-4
Special conditions: Standard

Construction

Type & style

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

Materials

Frame
Foundation: Concrete Perimeter
Roof: Composition

Condition

New construction: No
Year built: 2016

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Bella Vista Heights Phases 1 & 2

HOA

Has HOA: Yes
Amenities included: Other
HOA fee: $115 monthly

Location

Region: Medford

Financial & listing details

Price per square foot: $266/sqft
Tax assessed value: $615,410
Annual tax amount: $5,141
Date on market: 10/22/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Paved

Estimated market value

$557,700

$530,000 - $586,000

$2,989/mo

Price history

Date	Event	Price
10/22/2026	Listed for sale	$565,000+44.9%$266/sqft
Source: Oregon Datashare #220230319 Report a problem
3/27/2025	Listing removed	$2,999$1/sqft
Source: Zillow Rentals Report a problem
3/4/2025	Price change	$2,999-14.3%$1/sqft
Source: Zillow Rentals Report a problem
1/29/2025	Listed for rent	$3,500+16.7%$2/sqft
Source: Zillow Rentals Report a problem
11/18/2022	Price change	$2,999-4%$1/sqft
Source: Zillow Rental Network Premium Report a problem
10/28/2022	Price change	$3,125-3.8%$1/sqft
Source: Zillow Rental Network Premium Report a problem
10/11/2022	Listed for rent	$3,250+1.7%$2/sqft
Source: Zillow Rental Network Premium Report a problem
9/22/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
8/25/2022	Price change	$3,195-3%$2/sqft
Source: Zillow Rental Manager Report a problem
8/15/2022	Listed for rent	$3,295-5.7%$2/sqft
Source: Zillow Rental Manager Report a problem
12/19/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
9/26/2021	Listed for rent	$3,495$2/sqft
Source: Zillow Rental Manager Report a problem
3/31/2017	Listing removed	$389,950$184/sqft
Source: Coldwell Banker Pro West Real Estate #2964446 Report a problem
3/27/2017	Listed for sale	$389,950-0.8%$184/sqft
Source: Coldwell Banker Pro West Real Estate #2964446 Report a problem
2/28/2017	Sold	$392,950+0.8%$185/sqft
Source: Oregon Datashare #102964446 Report a problem
1/9/2017	Pending sale	$389,950$184/sqft
Source: Coldwell Banker Pro West Real Estate #2964446 Report a problem
4/19/2016	Listed for sale	$389,950$184/sqft
Source: Coldwell Banker Pro West R.E. #2964446 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,034 +3.2%	$337,010 +3%
2023	$4,880 +2.5%	$327,200
2022	$4,761 +2.7%	$327,200 +3%
2021	$4,638 +2.2%	$317,670 +6.1%
2020	$4,540 +2.4%	$299,440 +3%
2019	$4,432	$290,720 +3%
2018	$4,432 +2.6%	$282,260
2017	$4,319 +1.8%	$282,260 +283.4%
2016	$4,241 +259%	$73,620
2015	$1,181 +4%	$73,620 +6.1%
2014	$1,135 +81%	$69,400 +73.8%
2013	$627 +4.9%	$39,920 +2%
2012	$598 -8.7%	$39,140 -7%
2011	$655 -14.4%	$42,080 -13.6%
2010	$766 -28.3%	$48,700 -27.7%
2009	$1,069 -17.8%	$67,380 -17.5%
2008	$1,300 +1499.3%	$81,630 +1485.4%
2007	$81	$5,149