5111 Cherry Ln Medford, OR 97501
Southeast Medford NeighborhoodEstimated payment $7,360/month
Highlights
- Panoramic View
- 6.97 Acre Lot
- No HOA
- Hoover Elementary School Rated 9+
- Corner Lot
- Pasture
About This Lot
Prime 6.97-acre parcel with potential opportunity for 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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,758
Lot Details
- 6.97 Acre Lot
- Corner Lot
- Sloped Lot
- Property is zoned SFR-00, SFR-00
Property Views
- Panoramic
- City
- Mountain
- Territorial
- Valley
- Neighborhood
Schools
- Hoover Elementary School
- Hedrick Middle School
- South Medford High School
Farming
- Pasture
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 301
- Assessor Parcel Number 10721991
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,758 | $188,900 | $188,900 | -- |
| 2024 | $2,758 | $183,400 | $183,400 | -- |
| 2023 | $2,674 | $178,060 | $178,060 | $0 |
| 2022 | $2,591 | $178,060 | $178,060 | $0 |
| 2021 | $2,524 | $172,880 | $172,880 | $0 |
| 2020 | $2,471 | $167,850 | $167,850 | $0 |
| 2019 | $2,412 | $158,230 | $158,230 | $0 |
| 2018 | $2,351 | $153,630 | $153,630 | $0 |
| 2017 | $2,308 | $153,630 | $153,630 | $0 |
| 2016 | $2,323 | $144,820 | $144,820 | $0 |
| 2015 | $2,233 | $144,820 | $144,820 | $0 |
| 2014 | -- | $136,520 | $136,520 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2024 12/20/24 | For Sale | $1,350,000 | +409.4% | -- |
| 11/08/2012 11/08/12 | Sold | $265,000 | -11.7% | -- |
| 10/29/2012 10/29/12 | Pending | -- | -- | -- |
| 05/15/2012 05/15/12 | For Sale | $300,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $265,000 | Ticor Title | |
| Bargain Sale Deed | -- | Ticor Title | |
| Bargain Sale Deed | -- | Lawyers Title Ins | |
| Warranty Deed | $950,000 | Lawyers Title Insurance Corp | |
| Warranty Deed | $450,000 | Lawyers Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Commercial | |
| Previous Owner | $1,180,000 | Credit Line Revolving | |
| Previous Owner | $1,067,000 | Unknown | |
| Previous Owner | $300,000 | Unknown |
Source: Oregon Datashare
MLS Number: 220193799
APN: 10721991
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.
- 4935 Cherry Ln
- 4691 Cherry Ln
- 4900 Cherry Ln Unit LotWP001
- 4900 Cherry Ln
- 4286 Aerial Heights Dr Unit TL1000
- 4833 Hathaway Dr
- 282 Dunthorpe Dr
- 270 Dunthorpe Dr
- 4542 Aerial Heights Dr
- 138 Monterey Dr
- 4670 Hillcrest Rd
- 4055 Sunleaf Ave
- 4663 Hathaway Dr
- 5493 Hillcrest Rd
- 5495 Hillcrest Rd
- 526 Autumn Hills Dr
- 0 Cherry Ln Unit 220179075
- 5633 Fallbrook Ln
- 4760 Torrey Pines Dr
- 463 Limestone Ln
- 353 Dalton St
- 1108 N Rose St
- 1845 N Keene Way Dr Unit 2
- 933 N Rose St
- 463 Elm St
- 1677 Grand Ave
- 1673 Grand Ave
- 1975 Houston Rd
- 645 Royal Ave
- 518 N Riverside Ave
- 1717 Dragon Tail Plaza
- 121 S Holly St
- 520 N Bartlett St
- 1801 Poplar Dr
- 406 W Main St
- 901 King St
- 309 Laurel St
- 1211 Niantic St
- 237 E McAndrews Rd
- 100 N Pacific Hwy