5111 Cherry Lane
$1,350,000
303,613 / 6.97
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.
- Listed by Patricia Millen • Millen Property Group
Property Details for 5111 Cherry Lane
Zoning
MFR-15
ViewCity, Mountain, Valley
LISTING UPDATED: 12/31/2024 06:39 PM
Property Details for 5111 Cherry Lane
Status | Active |
---|---|
MLS # | 24418854 |
Days on Market | 6 |
Taxes | $2,758 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Mixed Use |
Year Built | - |
Lot Size | 6.97 AC |
County | Jackson County |
Building Information for 5111 Cherry Lane
Lot Size6.97 AC
Property Information for 5111 Cherry Lane
Property History for 5111 Cherry Lane
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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