4
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$3,550,000
Est. payment /mo
1,603,008 SqFt
Active
4900 Cherry LN Medford, OR 97504
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Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Square Footage 1,603,008 sqft
Price per Sqft $2
MLS Listing ID 220194745
Annual Tax Amount $7,476
Lot Size 36.800 Acres
Acres 36.8
Lot Dimensions 36.8
Property Sub-Type Residential Lots
Property Description
Great development / investment property with views. Located in a desirable area of Medford right next to newer upscale subdivisions and just down the street from the Rogue Valley Country Club. According to the city it is split between lower density development (up to 6 homes per acre), and higher density (up to 10 homes per acre). These mixed subdivisions have been very successful in the area and allow for larger upscale homes and smaller more affordable homes to be built. The adjacent subdivision has already brought the sewer close by and according to the city it should be easy and low cost for this development to connect. The county tax assessor has the real market value at over $6 million. This is a great deal on some of the best development land in Medford. Develop it now or just put it in your portfolio and watch the value grow as the surrounding land is developed!
Location
State OR
County Jackson
Direction N Phoenix rd. to Cherry Ln. to property. Look for yellow Whitetail Properties sign
Exterior
Utilities Available Cable Available, Electricity Available, Fiber Optics Available
Garage No
Building
Water Public, None, Other
Schools
High Schools South Medford High
Others
Senior Community No
Tax ID 10425328
Acceptable Financing Cash, Contract, Owner Will Carry
Listing Terms Cash, Contract, Owner Will Carry
Special Listing Condition Standard
Listed by Whitetail Properties Real Esta