Active

4900 Cherry Lane

Medford OR, 97504

$3,550,000


Active

Residential

Courtesy of Whitetail Properties Real Esta, Ryan Kelly

Great development / investment property with views. Located in a desirable area of Medford right next to newer upscale subdivisions and just down the street from the Rogue Valley Country Club. According to the city it is split between lower density development (up to 6 homes per acre), and higher density (up to 10 homes per acre). These mixed subdivisions have been very successful in the area and allow for larger upscale homes and smaller more affordable homes to be built. The adjacent subdivision has already brought the sewer close by and according to the city it should be easy and low cost for this development to connect. The county tax assessor has the real market value at over $6 million. This is a great deal on some of the best development land in Medford. Develop it now or just put it in your portfolio and watch the value grow as the surrounding land is developed!

220194745

MLS ID

January 21, 2025

Updated

Map

4900 Cherry Lane
Medford OR, 97504

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

36.8 Acres


Lot Features

Dividable Property, Vacant


Sewer

Other, Public Sewer

School Information

High School

South Medford High


Elementary School

Hoover Elem

Other Property Details

Taxes

$7,476


Tax Frequency

Annually


Days on Market

1


Garage

No


View

Yes


View Description

Mountain(s), Valley


County

Jackson


Water Source

None, Other, Public


Pool

No


Zoning

SFD, TBD

Green Building Features

Green Features

None

 

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Data last updated 4:37 PM UTC, 1/21/2025

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