$575,000
1.32 AC · Commercial
0 Commerce Drive #100
Medford, OR 97504
#220215034 01 / 32
For sale
$575,000
0 Cherry Lane #TL #2200
Medford, OR 97504 · N/A
- Baths
- 0
- Acres
- 6.87
Est. $3,237/mo~216 min to downtown Bend (approx.)
Listing by Keller Williams Realty Central Oregon · 541-585-3760
MLS# 220226642 · Active
01
About this home
Incredible possibilities! Gorgeous, sweeping south valley views of the city lights, Siskiyou Mountains, and Manor Hill. Southeast Medford residential development opportunity. 6.87 acres zoned SFR-00, pending services to the property. Homesite approved. Build your dream view home! The potential to build now and hold for future lot development makes this a truly special offering. Potential development options also available. Parcel includes two designations by the city of Medford. The larger, northern portion is designated for Estate Lots - SFR-2. The southern portion includes designation for Rowhouses - MFR-15. Utilities available at street. The two properties are being offered as a package (home at 4935 Cherry Lane AND adjoining acreage at 0 Cherry Lane TL#2200) for a total of 7.48 acres for $1,145,000.
02
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03
Price history
61 days, no changes| Date | Event | Price |
|---|---|---|
| Aug 6, 2026 | Listed for sale | $575,000 |
From the MLS: original list price and latest price change. 61 days on market.
04
Drive times
~216 min to downtown Bend- Mt. Bachelor~196 min · 165.2 mi
- Sunriver Village~196 min · 165.3 mi
- Old Mill District~215 min · 182.3 mi
- Downtown Bend~216 min · 183.2 mi
- St. Charles Bend~219 min · 185.8 mi
- Sisters~229 min · 194.3 mi
- Redmond Airport (RDM)~240 min · 203.8 mi
- Smith Rock State Park~250 min · 212.7 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
- Type
- Investment
- Lot
- 6.87 AC · 299,257 SF
- HOA
- None reported
- Taxes
- $1,362/yr
- Subdivision
- N/A
- County
- Jackson
- Days on market
- 61
- MLS #
- 220226642
- View
- City · Mountain(s) · Panoramic · Territorial · Valley
- Lot
- Sloped
06
Location & schools
N/A42.3246° N · 122.7892° W
Directions- Elementary
- Hoover Elem
- Middle
- Check with District
- High
- South Medford High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$3,237/mo$3,237/mo
$460,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $2,908
- Property tax (listing)
- $113
- Home insurance (est.)
- $216
20% · $115,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220225524Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 2:01 PM.
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