Ryan Kelly, Listing Office: Whitetail Properties Real Estate LLC
Property details
About 5111 Cherry Ln
Prime 6.97-acre parcel with MFR-15 zoning allowing 10-15 units/acre. Truly a beautiful piece of land, this stunning property offers panoramic views across the valley to the west with breathtaking sunsets. Surrounded by upscale custom homes in the desirable Hillcrest/Cherry Lane area. Perfect for multifamily or residential development, it provides flexibility to build on a single tax lot (no need to split-multifamily can be built on 1 tax lot) or split into multiple lots. Annexed into the city in 2008, it's a part of the SE Medford plan for medium-to-high density housing, making it a rare opportunity with incredible development potential. Conveniently located in a lovely neighborhood, this site combines beauty and functionality for your next project. Buyer to perform own due diligence with the City of Medford. All information is deemed reliable but not guaranteed. Buyer to do all of their own due diligence to verify all information.
Highlights
Home typeMixed Use
StatusActive
Lot size6.97 Acres
MLS #24418854
ViewCity, Mountain(s), Valley
Summary
- MLS Number: 24418854
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Millen Property Group
- Office Phone: (541) 301-3435
- Listing Agent: Patricia Millen
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: 1/30/2025, 8:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,350,000
5111 Cherry Ln
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 08, 2012 | Home Sold | $265,000 |
| Sep 07, 2005 | Home Sold | $950,000 |
| Apr 15, 2004 | Home Sold | $450,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $178,060 | $2,674 |
| 2022 | $172,880 | $2,590 |
| 2021 | $167,850 | $2,590 |
| 2020 | $167,850 | $2,523 |
| 2019 | $158,230 | $2,412 |
| 2017 | $149,160 | $2,308 |
History based on county public records data.
Nearby schools
3
Orchard Hill Elementary School
Public District KG-5
2.5 mi
•1011 La Loma Dr
8
Hoover Elementary School
Public District KG-5
2.8 mi
•2323 Siskiyou Blvd
6
Lone Pine Elementary School
Public District KG-5
2.9 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. Typical income of Medford, OR residents is between $100k-200k annually. Most families are married, no kids. The majority of residents in this area 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 5111 Cherry Ln
This home is located at 5111 Cherry Ln in Medford, OR and zip code 97504. Features: 0 bathroom. It has been listed on Rocket Homes since January 1, 2025 and is currently priced at $1,350,000.
Between November and December 2024, Medford, OR real estate market has seen decrease in the number of listings by 4.3%. In December 2024, listings were on the market for 131 days. During the same period, the median list price in this real estate market was $484,500.
From Rocket Homes Real Estate and based on county public records data.