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Listed by MORE Realty • 503-962-9653
$1,600,000
Est. payment /mo
1.3 Acres Lot
New
1470 ROSEMONT RD West Linn, OR 97068
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Key Details
Property Type Vacant Land
Sub Type Residential Recreational
Listing Status Active
Purchase Type For Sale
MLS Listing ID 233337015
Annual Tax Amount $12,378
Tax Year 2024
Lot Size 1.300 Acres
Property Sub-Type Residential Recreational
Property Description
Investor Opportunity in West Linn! Keep existing home and 2 new parent lots.A three-lot partition has already been approved by the City of West Linn for this double frontage lot (see attached Notice of Decision with conditions).Upon completion of the partition, there is additional potential to leverage a Middle Housing Land Division, creating 5–6 new buildable lots while retaining the existing home on its own parcel. Two layout concepts (Proposal 1 and Proposal 2) are provided to illustrate possible configurations. Note: the Middle Housing Land Division application can be submitted once the three-lot partition conditions are satisfied.The existing home itself, once separated onto its own lot, has an estimated market value of approximately $900,000—providing a strong built-in asset in addition to the development potential.The seller intends to begin required improvements for the three-lot partition by mid-October. The property is currently priced as-is, before improvements. Once work is underway, pricing will be adjusted to reflect the completed infrastructure.This is a rare chance to acquire a West Linn property with approved entitlements, immediate development upside, and strong long-term value potential.
Location
State OR
County Clackamas
Area _147
Zoning R10
Exterior
Utilities Available ElectricityAvailable, NaturalGasAvailable, PublicSewer, WaterAvailable
Garage No
Building
Lot Description Public Road
Schools
Elementary Schools Sunset
Middle Schools Rosemont Ridge
High Schools West Linn
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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