Ashland police have arrested a third suspect in a January home-invasion robbery.

Ashland police have arrested a third suspect in a January home-invasion robbery.

Officers arrested Michael Edward Tracy III, 23, in Medford Tuesday. They served a search warrant at his home on Sheraton Court and "recovered a substantial amount of evidence," a news release said. (Clarification: This paragraph has been updated to reflect the timeline of events more clearly.)

Tracy is lodged in the Jackson County Jail on charges of first-degree robbery, first-degree burglary, first-degree aggravated theft and second-degree kidnapping. Bail is set at more than $2 million.

Two alleged accomplices — Dylan Branting Ashmun, 26, and Ryan Williams, 20 — were charged earlier this week. Ashmun has been in jail on murder, manslaughter and weapons charges stemming from the fatal shooting of his 24-year-old roommate, Joseph Faaeteete, on March 28 in Eagle Point. Williams was arrested Monday at his home on Berrydale Avenue, where police said they also recovered property stolen during the Ashland robbery.

Investigators also got a search warrant Tuesday for a previously seized lock box and found "a large amount of money," the release said.

In the Jan. 13 robbery, the suspects entered a home in the 100 block of Alnutt Street, Ashland, told the lone male occupant they were armed and forced him into another area of the home during the robbery, police said.

Police said the robbers had targeted the victim specifically and not at random. They knew what they were looking for in his house and left with an undisclosed amount of his money and property.

— Anita Burke