Investor Opportunity - Priced for Immediate Action! This property is a true diamond in the rough—hidden behind clutter and deferred maintenance, with clear built-in equity if cleaned and renovated. Currently in foreclosure, it offers a rare chance for resourceful investors with cash and resources necessary to capitalize on a promising 1+ac with 4-bed, 2-bath farmhouse on TWO parcels. Home includes an attached 2-car garage, large detached metal barn with room for 6+ vehicles, and smaller wood barn. The expansive land boasts open pasture, a pond, creek, garden beds, fruit trees, all near GI industrial/commercial zones with excellent freeway access (backs to freeway.) Although citations and back taxes exist, the property's potential for sweat equity and future value is immense. This is your opportunity to MAKE IT HAPPEN—clean up, upgrade, and unlock the true earning potential of this rural yet conveniently located estate. Act fast—property needs work but the rewards could be significant!
Active
$409,900
4223 Merita Ter, Central Pt, OR 97502
4beds
2baths
1,717sqft
Est.:
Single Family Residence
Built in 1989
11.65 Acres Lot
$-- Zestimate®
$239/sqft
$-- HOA
What's special
Smaller wood barnOpen pastureGarden bedsFruit treesExpansive landLarge detached metal barn
- 64 days
- on Zillow |
- 1,874 |
- 79 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 06:00pm
Listed by:
Real Estate Alliance & Lease 541-502-9675
Source: Oregon Datashare,MLS#: 220203131

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Electric, Heat Pump
Cooling
- Central Air
Appliances
- Included: Oven, Range, Water Heater
Features
- Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters, Walk-In Closet(s)
- Flooring: Carpet, Vinyl
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,717
- Total interior livable area: 1,717 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Detached, Driveway, RV Access/Parking, RV Garage, Storage, Workshop in Garage, Other
- Attached garage spaces: 6
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Patio, Porch, Rear Porch
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s), Neighborhood, Pond, Valley
- Has water view: Yes
- Water view: Pond
- Waterfront features: Pond
Lot
- Size: 11.65 Acres
- Features: Level, Native Plants, Pasture
Details
- Additional structures: Barn(s), Mobile Home, RV/Boat Storage, Second Garage, Shed(s), Workshop
- Additional parcels included: 1-0188833
- Parcel number: 10189248
- Zoning description: RR-5
- Special conditions: In Foreclosure,Standard
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Central Pt
Financial & listing details
- Price per square foot: $239/sqft
- Tax assessed value: $569,410
- Annual tax amount: $3,601
- Date on market: 6/3/2025
- Listing terms: Cash,Private Financing Available
- Road surface type: Dirt
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