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732 Cherrywood Dr, Medford, OR, 97504

2beds
2baths
1,848sqft
$489,808
$265price/sqft
$3,378/moest. monthly cost
$135,120/yrincome needed

About This Home

Perfect single level home w/perfect floor plan! Gated Aldercreek Estates prime location w/ many newer updates. A must see! Large vaulted ceilings w/plant ledges, large windows to take in the southern exposure and sunshine w/covered patios, private long driveway in cul-de-sac location w/large covered front porch. Beautiful upgraded home w/newer flooring in main areas. Kitchen w/new stainless steel appliances, 5 burner gas cooktop, convection oven, granite counters, kitchen island, many cabinets w/pantry, eating bar open to family room + a lg living rm w/gas log fireplace & formal dining w/large vaulted ceilings in kitchen, family room, and breakfast room. Double door entry into primary suite w/vaulted ceilings, double sinks, large shower, jetted tub, water closet & large walk-in closet. 2nd guest bedroom w/bath next to it w/lg window. Oversized laundry room w/deep sink & many cabinets for storage. Oversize 2 car garage finished w/workbench & storage. Stucco exterior w/tile roof

Getting Around

37
WalkingCar-Dependent
21
TransitMinimal Transit
66
BikeBikeable

Schools

5/10
3/10
Talent Middle SchoolGrades 6-85.4 mi
6/10
Phoenix High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 2000

Materials

  • Foundation: Concrete Perimeter
  • Roof: Tile
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Oven,Range,Refrigerator,Water Heater

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Built-in Features,Ceiling Fan(s),Double Vanity,Enclosed Toilet(s),Granite Counters,Kitchen Island,Linen Closet,Open Floorplan,Pantry,Shower/Tub Combo,Soaking Tub,Solid Surface Counters,Vaulted Ceiling(s),Walk-In Closet(s)
  • Window features: Double Pane Windows,Skylight(s),Vinyl Frames
  • Flooring: Carpet,Tile,Vinyl
  • Fireplace features: Gas,Great Room
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,848
  • Total interior livable area: 1,848 sqft

Property

Details

  • Parcel number: 10869703
  • Zoning description: SFR-6
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio,Porch
  • Has view: Yes
  • View description: Mountain(s),Territorial

Lot

  • Lot size: 5,227 sqft
  • Features: Landscaped,Level,Sprinkler Timer(s),Sprinklers In Front

Parking

  • Total spaces: 2
  • Parking features: Attached,Driveway,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Heat Wave
Winter Weather
Earthquake
Inland Flooding

FEMA Declared Disasters in Jackson County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,476$29,712
Home Insurance *$119$1,428
Property Taxes $607$7,284
Electricity $176$2,119
Total$3,378$40,536
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,817/yr
40% on housing$101,340/yr
45% on housing$90,080/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.5%
1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$265This listing

vs Other Active Listings

Avg $/sqft

ZIP 97504$256
Jackson County$260

vs Homes Sold Last Month

Median $/sqft

ZIP 97504$270
Jackson County$265

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-17Listed for sale$489,808
2015-08-31Sold$250,000
2015-07-19Pending sale$265,000
2015-06-26Price change$265,000
2015-05-16Listed for sale$269,900
2001-06-29Sold$229,000
2000-07-18Sold$40,000
1999-10-26Sold$39,900
1998-06-10Sold$37,500
1998-03-09Sold$35,000

For Sale by Agent

AgentDouglas E Morse
BrokerageJohn L. Scott Medford

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