NOT LISTED FOR SALE

0 Springbrook Rd Medford, OR 97504

3.06 Acres
-- Price per Acre
133,294 Sq Ft Lot

Sale Details

Date Sold: March 31, 2025

Last sale price $2,400,000

69 Days on Market

Highlights

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

About This Lot

As of March 2025

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.

Last Agent to Sell the Property

David Wright

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

RE/MAX Platinum

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

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

3.06 Acres

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Land
  • Manufactured Home Allowed: No
  • Property Sub Type: MultiFamily
  • Property Attached Yn: No
  • Current Price For Status: 2400000.0
  • 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 Year: 2023
  • Tax Annual Amount: 7539.49
  • Tax Opportunity Zone: No
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Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2025 03/31/25 Sold $2,400,000 -33.3% --
11/11/2024 11/11/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $3,600,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24046089

Regional Multiple Listing Service (RMLS)
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