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Mitch Foteff

mfoteff@gmail.com +1(503) 260-4629

Listed by MORE Realty • 503-201-8868

$ 699,900

Est. payment | -/mo

2 Beds

2 Baths

2,898 SqFt

Save

$ 699,900

Est. payment | -/mo

Save

2 Beds

2 Baths

2,898 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,898 sqft

Price per Sqft $241

MLS Listing ID 226355717

Style Prairie

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1953

Annual Tax Amount $12,863

Tax Year 2024

Property Sub-Type Single Family Residence

Property Description

Rare opportunity to acquire a highly versatile development property featuring an existing home and substantial excess land. The current residence is a fixer, offering multiple possibilities including renovation, removal and replacement with a new home, or full redevelopment. Seller has already completed preliminary due diligence regarding the properties development potential. The offering consisted of four tax lots totaling 16 pre-patted 25'x100' lots with an approximate combined area of 40,000 sq.ft. Portions of the property are impacted by an environmental overlay. According t0 PBOT, no street improvements are required, although system development charges (SDC's) and LTIC fees will apply.The existing residence is situated across four lots, while one adjacent tax lot includes a 30'x40' partially cement-floored garage/workshop with existing electrical service. Potential development opportunities may include a private estate style property, traditional single-family homes construction. In addition, the seller owns four neighboring tase lots curretly7 considered unbuildable, which may be available for separate purchase to provide added wooded privacy, expanded buffer space, or future flexibility. This property presents exceptional versatility and upside potential for builders, investors, and buyers seeking to create a custom vision. Buyer's to conduct their own due diligence and verify all development possibilities and suitability for intended use.

Location

State OR

County Multnomah

Area _148

Zoning R- 7

Rooms

Basement Daylight, Exterior Entry, Partially Finished

Interior

Interior Features Hardwood Floors, Laundry, Vaulted Ceiling

Heating Forced Air

Fireplaces Number 1

Fireplaces Type Wood Burning

Appliance Free Standing Range, Free Standing Refrigerator

Exterior

Exterior Feature Outbuilding, Public Road, R V Parking, R V Boat Storage

Parking Features Carport, TuckUnder

Garage Spaces 1.0

View Park Greenbelt, Territorial

Roof Type Membrane

Garage Yes

Building

Lot Description Corner Lot, Green Belt, Private, Sloped, Terraced, Trees

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Markham

Middle Schools Jackson

High Schools Ida B Wells

Others

Senior Community No

Acceptable Financing Cash

Listing Terms Cash

Regional Multiple Listing Service (RMLS)

Nearby Locations

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Mitch Foteff

Partner | Lic# 25036270 | 201106062

mfoteff@gmail.com

+1(503) 260-4629

13551 SE 145th Ave, Happy Valley, OR, 97086

3535 SW BUDDINGTON ST Portland, OR 97219

Mitch Foteff

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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3535 SW BUDDINGTON ST