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Timber Ridge St, Albany, OR 97322 — photograph 1

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Timber Ridge St, Albany, OR 97322 — photograph 1
10.45 Acres

Albany

$2,595,000

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ActiveMLS®: 528016385Listing held by another brokerage, marked RMLS
Lot size
10.45 acres
Property type
Land
Days on market
40

Overview

Development opportunity in growing East Albany! Approximately 10.45 acres of vacant land zoned RM – Residential Medium Density, offering excellent potential for future multifamily residential development. Mostly level terrain with a regular shape provides flexibility for site planning and development. Conveniently located near Meadow Ridge Elementary and Timber Ridge School, with easy access to shopping, services, major arterials and I-5. The surrounding East Albany area continues to see residential growth and investment, creating an attractive opportunity for a multifamily developer, builder or long-term investor. The property is outside known high-risk flood zones, although portions include designated wetlands. Public utilities are available in the area. Buyer to perform all due diligence regarding permitted uses, density, utilities, wetlands and development potential.

Details

Interior

Cooling
No
Heating
No

Exterior and lot

Lot size
10.45 acres
Lot features
Cleared, Public Road
View
No

Schools

High school
South Albany
Middle school
Timber Ridge
Elementary school
Meadow Ridge

Location

City
Albany
County
Linn
Zoning
RM

Taxes and dues

Annual taxes
$7,301

Location

Timber Ridge St, Albany, OR 97322

Map showing the location of Timber Ridge St, Albany, OR 97322
© Mapbox © OpenStreetMap

Monthly payment estimate

$14,420 /mo

20% · $519,000
7.00%
Principal and interest
$13,812
Property tax
$608
Total
$14,420

Estimate only, and not an offer of credit. Assumes 20% down ($519,000) 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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