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Home + Sea Realty
39.17 Acres

2938 E Vilas Rd, Medford

$1,750,000

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ActiveMLS®: 349347938Listing held by another brokerage, marked RMLS
Lot size
39.17 acres
Property type
Land
Days on market
92

Overview

Set against panoramic views of Table Rock, Mt. Ashland and the surrounding hills, this 39.12-acre property has already had the heavy lifting done and is ready for its next chapter. The former pear orchard has been fully cleared, roots and all, and about 30 acres are tilled, disked and planted in triticale hay and orchard grass. That makes the land ready for agriculture, livestock, a cannabis-related operation or an owner-user vision. The infrastructure is unusually strong. A recently built Rigid warehouse of about 5,000 square feet sits on a concrete foundation and has three-phase power, two single-phase services, four ductless heating and cooling units, a bathroom, lounge space and secured perimeter fencing with razor wire. Water comes from two wells, an irrigation pond and water rights through both the Medford Irrigation District and the Rogue River Valley Irrigation District. The property is fully fenced, with three gated entrances and improved gravel driveways, and also has a greenhouse, a secure storage container, an RV site and an early-1900s dwelling with its own electrical service. The seller states the property may qualify for a replacement dwelling, which would open the door to a custom home on the land. With privacy, abundant wildlife and Central Point amenities about five minutes away, this is a property with the groundwork in place and room to grow. Buyer to independently verify replacement dwelling eligibility and perform all due diligence regarding acreage, zoning, land use, cannabis licensing, permitted uses, buildings, water rights, wells, irrigation, electrical systems, wildfire risk and all improvements. Additional information available upon request.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
39.17 acres
View
No

Schools

High school
North Medford
Middle school
Hedrick
Elementary school
Abraham Lincoln

Location

City
Medford
County
Jackson
Zoning
EFU

Taxes and dues

Annual taxes
$2,606

Location

2938 E Vilas Rd, Medford, OR 97501

Map showing the location of 2938 E Vilas Rd, Medford, OR 97501
© Mapbox © OpenStreetMap

Monthly payment estimate

$9,531 /mo

20% · $350,000
7.00%
Principal and interest
$9,314
Property tax
$217
Total
$9,531

Estimate only, and not an offer of credit. Assumes 20% down ($350,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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