5111 Cherry Ln
Medford, OR 97504
- – beds
- – baths
- – sqft
- ~7 acre lot
- – on site
Prime 6.97-acre parcel with MFR-15 zoning allowing 10-15 units/acre. Truly a beautiful piece of land, this stunning property offers panoramic views across the valley to the west with breathtaking sunsets. Surrounded by upscale custom homes in the desirable Hillcrest/Cherry Lane area. Perfect for multifamily or residential development, it provides flexibility to build on a single tax lot (no need to split-multifamily can be built on 1 tax lot) or split into multiple lots. Annexed into the city in 2008, it's a part of the SE Medford plan for medium-to-high density housing, making it a rare opportunity with incredible development potential. Conveniently located in a lovely neighborhood, this site combines beauty and functionality for your next project. Buyer to perform own due diligence with the City of Medford. All information is deemed reliable but not guaranteed. Buyer to do all of their own due diligence to verify all information.
Last checked:
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Checking…
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Last updated Jan 1, 2025
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MLS# 24418854 —
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
Location
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Directions:North Phoenix, head east on Cherry. Property is at the large curve on the left, see map.
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Latitude:42.323005
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Longitude:-122.785792
The Property
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Parcel Number:10721991
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Property Type:Land
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Property Subtype:MixedUse
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Land Description:GentleSloping,Level
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Lot Features:Cleared, CornerLot, PublicRoad
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Lot Size Range:Acres5to7
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Lot Size Acres:6.97
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Lot Size SqFt:303613.0
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Zoning:MFR-15
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Current Use:RawLand
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View:true
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View Description:City, Mountain, Valley
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Waterfront:false
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Soil Condition:Native
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Existing Structures:false
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Property Attached:false
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Additional Parcels:false
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Road Frontage:true
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (541) 301-3435
- Office phone:
- (541) 301-3435
Taxes
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Tax Year:2024
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Tax Legal Description:371W260000
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Tax Annual Amount:2758.29
Heating & Cooling
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Heating:false
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Cooling:false
Utilities
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Utilities:SeeRemarks
Schools
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Elementary School:Hoover
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Middle Or Junior School:Hedrick
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High School:South Medford
Parking
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Attached Garage:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/31/24
Dec 31, 2024
|
Listed / Active | RMLS | $1,350,000 |
