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4223 Merita Terrace, 
Central Point, OR 97502

$409,900


4

Beds


2

Baths


1,717

Sq Ft


Single Family

Pending

Listed by

Katherine M Soditus

Real Estate Alliance & Lease

541-502-9675

Last updated:

February 20, 2026, 08:35 AM

MLS#

220203131

Source:

OR SOMLS

About This Home

4223 Merita Terrace

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!

Home Facts

Single Family

2 Baths

4 Bedrooms

Built in 1989

Subdivision & Development:

N/A

Price Summary

409,900

$238 per Sq. Ft.

MLS #:

220203131

Last Updated:

February 20, 2026, 08:35 AM

Added:

a year ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,717 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

1,717 Sq. Ft.

Year Built:

1989


Lot

Lot Size (Sq. Ft):

507,474


Finances & Disclosures

Finances

Price:

$409,900

Price per Sq. Ft:

$238 per Sq. Ft.

Source:OR SOMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.