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Listed by Latitude Regenerative Real Estate
$ 1,250,000
Est. payment | /mo
7.25 Acres Lot
$ 1,250,000
Est. payment | /mo
7.25 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Recreational
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 447911439
Annual Tax Amount $4,340
Lot Size 7.250 Acres
Property Sub-Type Residential Recreational
Property Description
This beautiful 7.25-acre lot is level and gently sloped. The properties eastern edge is the boundary between Marion County and Salem. The site an ideal candidate for annexation into the city which will transition UT-5 zoning to Residential and unlock huge development potential. The property has mature trees and large acreage neighbors to the north and west. This is an excellent location for a development connected to nature with great proximity to the city core. Property to the east was annexed and developed around 2020 with 19 homes built on less than 3 acres. Utilities and roads are at the property line in multiple locations waiting to be extended. The existing home is a habitable 1916 farmhouse with an attached apartment. Huge shop with 3 phase power, horse barn, and RV parking are also present.
Location
State OR
County Marion
Area _172
Zoning UT-5
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, StandardSeptic, WaterConnected
Waterfront Description Seasonal
View Territorial
Garage No
Schools
Elementary Schools Schirle
Middle Schools Crossler
High Schools Sprague
Others
Acceptable Financing Cash, OwnerWillCarry
Listing Terms Cash, OwnerWillCarry
Virtual Tour https://youtu.be/2JAJHf1bFfw
