NOT LISTED FOR SALE

985 SE Sheridan Rd Sheridan, OR 97378

Estimated Value: $713,287

8.4 Acres
$84,915 Price per Acre
365,904 Sq Ft Lot

Last Sold November 24, 2020

Last sale price $615,000 $82 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,480/month

Highlights

  • Waterfront
  • Corner Lot
  • Views

About This Lot

As of November 2020

So many development opportunities for this property! 8.4 ACRES surrounded by vineyards in Oregon wine country on the way to the Oregon Coast! Wedged between the South Yamhill River and HWY 18 you won't miss this property...it even has it's own billboard! 7000+ sq ft building ready for a remodel. Established specimen trees in the back. Plant grapes and start making wine! Room for parking 200 cars if EVENT SPACE.

Last Agent to Sell the Property

Raymond Massini

Kelly Right Real Estate of Portland, LLC License #201205187 Listed on: 02/18/2020

Kelly Right Real Estate of Portland, LLC

Last Buyer's Agent

Mike Morris

Miller Consulting Group, LLC License #201213975

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $34,652

Lot Details

  • Waterfront
  • Corner Lot
  • Level Lot
  • Property is zoned RC

Utilities

  • Well
  • Septic Tank

Additional Features

  • Property Views

Property Details

Property Type

Land

Est. Annual Taxes

$34,652

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Land
  • Property Type: Residential/Recreational
  • Remarks Public: So many development opportunities for this property! 8.4 ACRES surrounded by vineyards in Oregon wine country on the way to the Oregon Coast! Wedged between the South Yamhill River and HWY 18 you won't miss this property...it even has it's own billboard! 7000+ sq ft building ready for a remodel. Established specimen trees in the back. Plant grapes and start making wine! Room for parking 200 cars if EVENT SPACE.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Legal Description: TOWNSHIP 5S RANGE 6W SECTION 36 TAXLOT 00900 LOT 1 SUBDIVISIONNAME EAST SHERIDAN SUBDIVISION'S

Exterior Features

  • Lot Size: 7 to 9.99 Acres
  • View: River, Mountain(s)
  • Waterfront Description: River Front
  • Waterfront: Yes
  • Water Name: South Yamhill River
  • View: Yes
  • Road Frontage: Yes
  • Road Surface: Concrete, Paved

Utilities

  • Utilities: Electricity Connected, Water Available, Well, Standard Septic, Phone Connected, Water Connected

Association/Amenities

  • Existing Structures Description: Commercial, Driveway, Fixer, Residence

Schools

  • Elementary School: Faulconer-Chap
  • Middle School: Faulconer-Chap
  • High School: Sheridan

Lot Info

  • Lot Description: Corner Lot
  • Acres: 8.40
  • Zoning: RC
  • Present Use: Recreational, Residential
  • Land Description: Level

Rental Info

  • Availability: Sale

Tax Info

  • Tax Amount: 5122.98
  • Assessor Parcel Number: 228373
  • Tax Year: 2019

MLS Schools

  • Elementary School: Faulconer-Chap
  • High School: Sheridan
  • Middle School: Faulconer-Chap

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Nov 24, 2020
Sold by
Stefan Jensen Investments Inc
Bought by
Llmd Llc
Seller's Agent
Raymond Massini
Kelly Right Real Estate of Portland, LLC
Buyer's Agent
Mike Morris
Miller Consulting Group, LLC
List Price
$1,100,000
Sold Price
$615,000
Premium/Discount to List
-$485,000
-44.09%
Current Estimated Value
$713,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,287
Original Mortgage
$300,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Llmd Llc $615,000 Ticor Title
Llmd Llc $615,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Llmd Llc $1,132,935
Closed Llmd Llc $3,780,000
Closed Llmd Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $615,000 -44.1% $82 / Sq Ft
03/13/2020 03/13/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $1,100,000 -- $147 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $34,652 $3,241,426 -- --
2023 $10,428 $975,081 $0 $0
2022 $13,725 $1,281,260 $0 $0
2021 $5,392 $419,831 $0 $0
2020 $5,205 $407,603 $0 $0
2019 $5,123 $395,731 $0 $0
2018 $4,980 $384,205 $0 $0
2017 $4,896 $373,015 $0 $0
2016 $4,754 $362,150 $0 $0
2015 $4,642 $351,603 $0 $0
2014 $4,516 $341,364 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Raymond Massini

    Kelly Right Real Estate of Portland, LLC

    Section Image
  • Mike Morris

    Buyer's Agent in 2020

    Mike Morris

    Miller Consulting Group, LLC

    (503) 899-0004

    1 in this area

    28 Total Sales

    Mike Morris
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20642299

Regional Multiple Listing Service (RMLS)

APN: 228373

Oregon Yamhill County Sheridan 97378

985 SE Sheridan Rd, Sheridan, OR

This home is located at 985 SE Sheridan Rd, Sheridan, OR 97378 since 18 February 2020 and is currently priced at $713,287, approximately $95 per square foot. 985 SE Sheridan Rd is a home located in Yamhill County with nearby schools including Faulconer-Chapman School, Sheridan High School, and Sheridan Japanese School.

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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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