5111 Cherry Lane

Medford, OR 97504

$1,350,000
Price
303,613 / 6.97
Lot Size / Acres

Description

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...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.
  1. Listed by Patricia Millen • Millen Property Group

Property Details for 5111 Cherry Lane

Zoning
MFR-15
View
City, Mountain, Valley
LISTING UPDATED: 12/31/2024 06:39 PM

Property Details for 5111 Cherry Lane

StatusActive
MLS #24418854
Days on Market6
Taxes$2,758 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Mixed Use
Year Built-
Lot Size6.97 AC
CountyJackson County

Building Information for 5111 Cherry Lane

Lot Size6.97 AC

Property Information for 5111 Cherry Lane

Summary
Location and General Information
  • Country: US
  • Directions: North Phoenix, head east on Cherry. Property is at the large curve on the left, see map.
  • Road Surface: Paved
School Information
  • Elementary School: Hoover
  • High School: South Medford
  • Middle Or Junior School: Hedrick
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $2,758.29
  • Parcel Number: 10721991
  • Tax Legal Description: 371W260000
Property
Lot Information
  • Acres: 6.97
  • Lot Description: Cleared, Corner Lot, Public Road
  • Lot Size Square Feet: 303613.0
  • Current Use: Raw Land
  • Land Description: Gentle Sloping, Level
  • Lot Size Range: Acres5to7
  • Lot Size: 5 to 6.99 Acres
Property and Assessments
  • Property Sub Type: Mixed Use
  • Property Type: Land
Utilities
  • Utilities: See Remarks
Interior and Exterior Features
Exterior Features
  • Soil Condition: Native
Additional Strucuture
Additional Structure information
  • Addl Structure Baths Total: 0.00
  • Addl Structure Bedrooms Total: 0

Property History for 5111 Cherry Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5111 Cherry Lane

Taxable ValueLand$183,400Additions-Total$183,400
Tax Record2024$2,758 ($230 / month)
Home Facts
Beds0Lot Size303,613 SqFtStyleMiscellaneous Vacant LandZoningSFR-00CountyJACKSONAPN1-0721991

Schools near 5111 Cherry Lane

This home is within Medford School District 549c.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Hoover Elementary School
PublicK to 6

Hedrick Middle School
Public6 to 8

South Medford High School
Public9 to 12

Logos Public Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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5111 Cherry Lane is a 6.97 ac of land for sale in Medford, OR 97504. This property was listed for sale on December 31, 2024 by Millen Property Group, it's currently listed at $1,350,000. It has been on the market for a total of 6 days and was last sold on November 5, 2012. This listing's school district is Medford School District 549c. Nearby schools include Hoover Elementary School, Hedrick Middle School and South Medford High School. 5111 Cherry Lane is a 0-bed, 0-bath, 6.97 ac of land on a 303,613 sq. ft. / 6.97 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Millen Property Group

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 12/31/2024 06:39 PM