#24418854, Patricia Millen, Listing Office: Millen Property Group
Property details
About 4900 Cherry Ln
Great development / investment property with fantastic views. Located in a desirable and sought after area of Medford right next to newer upscale subdivisions and just down the road from the Rogue Valley Country Club. 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 some larger upscale homes and some 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 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!
Highlights
Home typeSingle Family Residence
StatusActive
Lot size36.8 Acres
MLS #302483253
ViewCity, Mountain(s), Valley
Summary
- MLS Number: 302483253
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Whitetail Properties Real Estate LLC
- Office Phone: (406) 209-8935
- Listing Agent: Ryan Kelly
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,550,000
4900 Cherry Ln
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 04, 2013 | Home Sold | $800,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $483,340 | $7,259 |
| 2022 | $469,270 | $7,032 |
| 2021 | $455,610 | $7,032 |
| 2020 | $455,610 | $6,851 |
| 2019 | $429,460 | $6,547 |
| 2017 | $404,820 | $6,264 |
History based on county public records data.
Nearby schools
3
Orchard Hill Elementary School
Public District KG-5
2.2 mi
•1011 La Loma Dr
8
Hoover Elementary School
Public District KG-5
2.3 mi
•2323 Siskiyou Blvd
6
Lone Pine Elementary School
Public District KG-5
2.4 mi
•3158 Lone Pine Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $108,544. Residents of Medford, OR typically earn between $100k-200k each year. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
14%
<35k
31%
35k-100k
33%
100k-200k
22%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
18%
Single, No Kids
5%
Single, with Kids
47%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
14%
18-34 yrs old
46%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
Figure Skating
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Kmart
Where do the neighbors go to eat?
Panera
Cracker Barrel
Bob Evans
What do the neighbors drive?
Infiniti
Lexus
Lincoln
What do the neighbors listen to?
Adult Hits
Oldies
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4900 Cherry Ln
This home is located at 4900 Cherry Ln in Medford, OR and zip code 97504. Features: 0 bathroom. It has been listed on Rocket Homes since January 21, 2025 and is currently priced at $3,550,000.
In January 2025 in Medford, OR there were 9.1% less homes for sale than in December. In January 2025 median list price was $482,000 and the average listing age was 142 days.
From Rocket Homes Real Estate and based on county public records data.