$3,600,000
PENDING

0 Springbrook Rd Medford, OR 97504

Estimated payment $19,490/month

Total Views 2,113
3.06 Acres
$1,176,471 Price per Acre
133,294 Sq Ft Lot

Highlights

  • City View
  • Cul-De-Sac
  • No Heating
  • No HOA
  • Level Lot

About This Lot

Rare opportunity for a builder to acquire a high-density multi-family development located within an infill location in one of the most desirable parts of Medford. Entitlements have been completed and approved for a 168-unit apartment complex. Property is situated next to a public parkand Kennedy Elementary School, offering convenient access to both recreational and educationalfacilities, ensuring a desirable living environment close to essential amenities. There is asignificant undersupply of housing within the Rouge Valley which will further enhance the end value.No comparable opportunities are available in terms of size and location. This is the last parcelavailable in this area.

Listing Agent

David Wright

RE/MAX Platinum License #200004070 Listed on: 09/03/2024

RE/MAX Platinum

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,539

Lot Details

  • 3.06 Acre Lot
  • Cul-De-Sac
  • Level Lot
  • 4 Lots in the community
  • 10314511
  • Land Lease expires 2/12/25
  • Property is zoned MFR-20

Property Views

  • City Views

Schools

  • Hillside Elementary School
  • Hedrick Middle School
  • North Medford High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 10824000

Property Details

Property Type

Land

Est. Annual Taxes

$7,539

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: Land
  • Manufactured Home Allowed: No
  • Property Sub Type: MultiFamily
  • Property Attached Yn: No
  • Current Price For Status: 3600000.0
  • Open House: No
  • Special Features: None

Interior Features

  • Lot Size Range: Acres7to10

Exterior Features

  • Lot Size: 7 to 9.99 Acres
  • Waterfront: No
  • View: Yes
  • Road Frontage: Yes
  • Lot Features: Cul_de_sac
  • Road Surface Type: Paved
  • Disclosures: Exempt
  • View: City

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, WaterAvailable
  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: No

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kennedy
  • High School: North Medford
  • Middle Or Junior School: Hedrick
  • Elementary School #2: Hillside

Lot Info

  • Zoning: MFR-20
  • Present Use: RawLand
  • Additional Parcels Description: 10314511
  • Additional Parcels: Yes
  • Soil Condition: Native,SoilTestAvailable
  • Land Description: Level
  • Land Lease Expiration Date: 2025-02-12
  • Land Lease: Yes
  • Lot Size Acres: 3.06
  • Lot Size Sq Ft: 133293.0
  • Number Of Lots: 4
  • Parcel #: 10824000

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 7539.49
  • Tax Opportunity Zone: No

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2024 11/11/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $3,600,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24046089

Regional Multiple Listing Service (RMLS)
Oregon Jackson County Medford 97504

0 Springbrook Rd, Medford, OR

Pending

Lots

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David Wright
Listing Agent
David Wright
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RE/MAX Platinum
(458) 213-8043